nCino (NCNO) Cost of Revenue (2021 - 2026)
nCino's (NCNO) quarterly Cost of Revenue came in at $60.2 million in Q3 2026, down 0.76% year-over-year from $60.7 million in Q3 2025, and up 4.29% quarter-over-quarter from $57.8 million in Q1 2026.
Analysis
nCino (NCNO) Cost of Revenue (2021 - 2026) Analysis & Trends
nCino has disclosed Cost of Revenue across 6 years of filings, most recently posting $60.2 million for Q3 2026.
- In Q3 2026, Cost of Revenue fell 0.76% year-over-year to $60.2 million; the TTM figure through Jul 2026 stood at $237.1 million (up 3.49% YoY), while the FY2026 annual figure was $234.6 million, up 8.68% from the prior year.
- Cost of Revenue came in at $60.2 million for Q3 2026 at nCino, up from $57.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $60.7 million in Q3 2025 to a low of $31.3 million in Q1 2022.
- Average Cost of Revenue over 5 years is $50.2 million, with a median of $50.2 million recorded in 2024.
- Year-over-year, Cost of Revenue surged 58.35% in 2022 and fell 0.76% in 2026.
- Over 5 years, Cost of Revenue stood at $43.2 million in 2022, then increased by 11.28% to $48.0 million in 2023, then gained by 11.91% to $53.7 million in 2024, then gained by 8.8% to $58.5 million in 2025, then grew by 3.0% to $60.2 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $60.2 million in Q3 2026, $57.8 million in Q1 2026, and $58.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 74.90 Mn |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 370.18 Mn |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | 11.52 Mn |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 89.57 Mn |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 60.23 Mn |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 56.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 60.23 Mn |
| Jan 31, 2026 | 57.75 Mn |
| Oct 31, 2025 | 58.48 Mn |
| Jul 31, 2025 | 60.69 Mn |
| Apr 30, 2025 | 57.70 Mn |
| Jan 31, 2025 | 57.01 Mn |
| Oct 31, 2024 | 53.75 Mn |
| Jul 31, 2024 | 53.93 Mn |
| Apr 30, 2024 | 51.18 Mn |
| Jan 31, 2024 | 49.21 Mn |
| Oct 31, 2023 | 48.03 Mn |
| Jul 31, 2023 | 48.05 Mn |
| Apr 30, 2023 | 46.19 Mn |
| Jan 31, 2023 | 44.93 Mn |
| Oct 31, 2022 | 43.16 Mn |
| Jul 31, 2022 | 41.22 Mn |
| Apr 30, 2022 | 40.30 Mn |
| Jan 31, 2022 | 31.29 Mn |
| Oct 31, 2021 | 27.25 Mn |
| Jul 31, 2021 | 26.58 Mn |