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Get filing alertsnCino authorizes $100M stock repurchase program, reports Q2 revenue up 8% to $161M
Filed August 25, 2026 · Period ending August 25, 2026 · ~1 min read
Key Changes
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Board authorized new $100M stock repurchase program with no time limit or obligation to complete, providing ongoing capital return flexibility after completing $165M in Q2 buybacks.
Item 8.01 — Other Events verify on EDGAR → -
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Q2 FY2027 total revenues reached $161.0M (up 8% YoY) with subscription revenues of $143.5M (up 10% YoY); GAAP operating margin improved 1,500 bps to 8%, non-GAAP margin up 500 bps to 25%.
Exhibit 99.1 view on EDGAR → -
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Repurchased 10.2M shares for $165M in Q2 through open market purchases ($65M at $15.41/share average) and completion of accelerated share repurchase program ($100M at $16.57/share average).
Exhibit 99.1 view on EDGAR → -
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Free cash flow increased 170% to $34.0M from $12.6M in prior year quarter; cash position of $83.6M with $275.4M outstanding under credit facility as of July 31, 2026.
Exhibit 99.1 view on EDGAR → -
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Renewed and expanded four U.S. Enterprise customers representing over $900B in assets, all ahead of schedule with expanded AI tool commitments; FY2027 guidance maintained with total revenues $644-647M.
Exhibit 99.1 view on EDGAR →
Summary
nCino disclosed a new $100 million stock repurchase authorization alongside strong second quarter fiscal 2027 results. The board-approved program has no expiration date or minimum commitment, giving management full discretion over timing and execution.
This follows aggressive Q2 capital return activity: the company repurchased 10.2 million shares for $165 million through a combination of open market purchases and an accelerated share repurchase program that concluded during the quarter. The repurchase authorization comes as nCino's operating performance strengthens.
Revenue grew 8% year-over-year to $161 million with subscription revenue up 10%, while GAAP operating margin swung from negative 6% to positive 8% and non-GAAP operating margin expanded 500 basis points to 25%. Free cash flow more than doubled to $34 million despite the heavy buyback activity. The company renewed four major enterprise customers ahead of schedule with expanded AI commitments, and maintained full-year guidance expecting revenues of $644-647 million and free cash flow of $137-142 million. For shareholders, the new authorization signals management's confidence in cash generation and commitment to returning capital while funding growth. The company plans to fund repurchases from existing cash, credit facility capacity, and future cash flows. With $275 million already drawn on the credit facility and cash of $84 million, execution will depend on continued strong free cash flow performance.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
its board of directors authorized a stock repurchase program to acquire up to $100,000,000 of the Company's outstanding common stock
The board authorized a program to repurchase up to $100 million of common stock. The program has no time limit, no obligation to repurchase any specific amount, and may be modified, suspended, or discontinued at any time. Repurchases may occur through open market purchases, block trades, privately negotiated transactions, accelerated stock repurchase transactions, or other means.
Added in current filing · verify on EDGAR →
The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of nCino's Board of Directors.
The authorization provides maximum flexibility with no commitment to execute any specific dollar amount of buybacks and no expiration date. Management retains full discretion over timing, volume, and pricing based on market conditions, capital management priorities, and other factors.
Event · Exhibit 99.1
nCino reported Q2 FY2027 results with 8% revenue growth, improved profitability, and announced a new $100 million stock repurchase authorization.
Added in current filing · view on EDGAR →
Total Revenues of $161.0M, up 8% year-over-year •Subscription Revenues of $143.5M, up 10% year-over-year •GAAP Operating Margin of 8%, up 1,500 basis points year-over-year •Non-GAAP Operating Margin of 25%, up 500 basis points year-over-year
nCino reported second quarter fiscal 2027 results with total revenues of $161.0 million (up 8% year-over-year) and subscription revenues of $143.5 million (up 10% year-over-year). GAAP operating margin improved to 8% from negative 6% in the prior year quarter, while non-GAAP operating margin reached 25%, up from 20% in the prior year quarter. The company exceeded all financial guidance for the quarter.
Added in current filing · view on EDGAR →
Renewed and Expanded with Four U.S. Enterprise Accounts: Completed multi-year renewals with four U.S. Enterprise customers collectively representing over $900 billion in assets. All four customers renewed ahead of schedule with expanded commitments to utilize nCino’s AI tools and functionality.
nCino completed multi-year renewals with four U.S. Enterprise customers representing over $900 billion in combined assets. All four customers renewed ahead of schedule and expanded their commitments to include nCino's AI tools and functionality, demonstrating strong customer retention and growing adoption of the company's AI capabilities in the banking sector.
Added in current filing · view on EDGAR →
nCino is providing guidance for its fiscal year 2027 ending January 31, 2027, as follows: •Total revenues between $644.0 million and $647.0 million. •Subscription revenues between $573.5 million and $576.5 million. •Non-GAAP operating income between $171.0 million and $174.0 million. •Free Cash Flow between $137.0 million and $142.0 million. •Annual Contract Value (ACV) at period end between $662.5 million and $667.5 million.
nCino provided full-year fiscal 2027 guidance with total revenues expected between $644.0 million and $647.0 million, subscription revenues between $573.5 million and $576.5 million, and non-GAAP operating income between $171.0 million and $174.0 million. The company expects free cash flow between $137.0 million and $142.0 million and Annual Contract Value between $662.5 million and $667.5 million at period end.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 26, 2026 · How we verify