Growth Metrics

nCino (NCNO) Operating Expenses (2021 - 2026)

nCino recorded quarterly Operating Expenses of $89.1 million in Q1 2026, up 8.69% quarter-over-quarter from $82.0 million in Q4 2025, and down 1.11% year-over-year from $90.1 million in Q1 2025.

nCino's Operating Expenses history runs 6 years deep, the most recent figure standing at $89.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 1.11% year-over-year to $89.1 million; the TTM figure through Jan 2026 stood at $356.4 million (up 3.94% YoY), while the FY2026 annual figure was $356.4 million, up 3.94% from the prior year.
  • Operating Expenses came in at $89.1 million for Q1 2026 at nCino, up from $82.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $97.4 million in Q3 2025 to a low of $73.7 million in Q1 2022.
  • A 5-year average of $84.1 million and a median of $84.0 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 57.46% in 2022 and dropped 11.32% in 2024, its largest moves.
  • nCino's Operating Expenses stood at $80.6 million in 2022, then advanced by 7.74% to $86.8 million in 2023, then retreated by 1.09% to $85.9 million in 2024, then declined by 4.55% to $82.0 million in 2025, then advanced by 8.69% to $89.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $89.1 million, $82.0 million, and $97.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -7.98 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 6.82 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 11.28 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 1.16 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 2.33 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 1.04 Bn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 3.32 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 4.23 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 4.54 Bn
10 nCino 1.81 Bn 1.74 Bn 91.92 Mn 89.10 Mn

Historic Data

Download Data 🔒
DateValue
Jan 31, 2026 89.10 Mn
Oct 31, 2025 81.97 Mn
Jul 31, 2025 97.42 Mn
Apr 30, 2025 87.96 Mn
Jan 31, 2025 90.10 Mn
Oct 31, 2024 85.88 Mn
Jul 31, 2024 86.38 Mn
Apr 30, 2024 80.57 Mn
Jan 31, 2024 77.67 Mn
Oct 31, 2023 86.82 Mn
Jul 31, 2023 83.98 Mn
Apr 30, 2023 76.11 Mn
Jan 31, 2023 87.59 Mn
Oct 31, 2022 80.58 Mn
Jul 31, 2022 83.41 Mn
Apr 30, 2022 81.14 Mn
Jan 31, 2022 73.66 Mn
Oct 31, 2021 55.51 Mn
Jul 31, 2021 53.11 Mn
Apr 30, 2021 51.53 Mn