nCino Inc stock (US63947T1079): valuation focus after latest price and fundamentals update

nCino Inc shares on Nasdaq are trading in the mid-teens as investors weigh the cloud banking platform provider’s latest quarterly figures and balance-sheet metrics against its current valuation multiples.

nCino Inc shares traded at USD 15.45 on 06/05/2026 on Nasdaq, reflecting how the market is currently pricing the cloud banking software specialist after its recent financial updates, according to MarketBeat as of 06/05/2026.

The United States-based company, listed on Nasdaq under the ticker NCNO, remains a pure-play provider of cloud solutions for financial institutions, and the latest quote anchors today’s valuation-focused look at the stock.

As of: 05.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: NCNO
• Sector/industry: Cloud-based banking software / financial technology
• Headquarters/country: Wilmington, United States
• Core markets: North America, Europe and selected Asia-Pacific banking markets
• Key revenue drivers: Subscription fees for nCino Bank Operating System and related cloud services for financial institutions
• Home exchange/listing venue: Nasdaq (NCNO)
• Trading currency: USD

nCino Inc: core business model

nCino Inc delivers a cloud-native platform tailored to banks and other financial institutions, with revenue predominantly generated from recurring software subscriptions and associated services that support digital lending, onboarding and workflow automation.

Valuation metrics and multiples for nCino Inc

On 03/26/2024, nCino reported financial results for its fiscal fourth quarter and full year ended 01/31/2024, providing the most recent detailed basis for assessing the company’s valuation, according to a press release published on that date on its investor relations site nCino investor relations as of 03/26/2024.

In that release dated 03/26/2024, the company stated that total revenue for the fiscal year ended 01/31/2024 was USD 476.5 million, while subscription revenue for the same period was USD 414.4 million, figures that underlie many of the valuation ratios investors monitor.

At a share price of USD 15.45 as of 06/05/2026, investors may compare the current market capitalization implied by the Nasdaq listing with the fiscal 2024 revenue base of USD 476.5 million as of 01/31/2024, recognizing that nCino is still primarily evaluated on growth and recurring revenue rather than on traditional earnings-based metrics.

The balance-sheet data published alongside the 03/26/2024 release indicated that nCino closed the fiscal year ended 01/31/2024 with cash, cash equivalents and short-term investments of several hundred million dollars, which is an important input in enterprise-value-based valuation approaches that adjust for net cash or net debt on the balance sheet, according to nCino’s 03/26/2024 financial disclosure on its investor relations website.

For investors focused on software and fintech names in the United States, nCino’s position as a niche provider to regulated banks means that valuation comparisons are often made to other cloud-based financial technology companies, but the company’s specific exposure to core banking workflows and compliance-driven processes can justify differences in multiples relative to broader SaaS peers.

Beyond revenue and cash metrics, the 03/26/2024 release for the fiscal year ended 01/31/2024 also highlighted that subscription revenue represented the majority of the business, a factor that tends to support valuation frameworks based on recurring revenue stability, even though the stock price at USD 15.45 on 06/05/2026 suggests that the market is calibrating expectations carefully around growth, profitability and competitive dynamics.

Conclusion

With nCino Inc trading at USD 15.45 on Nasdaq as of 06/05/2026, the market is aligning the company’s valuation with its most recently disclosed fiscal 2024 revenue base of USD 476.5 million and the predominance of subscription income.

The combination of a recurring software model, a focus on regulated financial institutions and a balance sheet that includes a sizable cash position, as reported for the fiscal year ended 01/31/2024, provides the framework through which investors may interpret the current share price and related valuation multiples.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.