nCino (NCNO) Operating Expenses (2021 - 2026)
nCino's (NCNO) quarterly Operating Expenses came in at $89.1 million in Q1 2026, down 1.11% year-on-year from $90.1 million in Q1 2025, and up 8.69% quarter-over-quarter from $82.0 million in Q4 2025.
nCino (NCNO) Operating Expenses (2021 - 2026) Analysis & Trends
nCino has disclosed Operating Expenses across 6 years of filings, most recently posting $89.1 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $89.1 million, down 1.11% year-over-year; the trailing twelve-month figure through Jan 2026 was $356.4 million (up 3.94% YoY), and the FY2026 annual result 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.
- The 5-year median for Operating Expenses is $84.0 million (2023), against an average of $84.1 million.
- Across the five-year window, Operating Expenses surged 57.46% in 2022 and slipped 11.32% in 2024, its largest moves.
- nCino's Operating Expenses stood at $80.6 million in 2022, then gained by 7.74% to $86.8 million in 2023, then fell by 1.09% to $85.9 million in 2024, then dropped by 4.55% to $82.0 million in 2025, then gained by 8.69% to $89.1 million in 2026.
- The last three Operating Expenses figures came in at $89.1 million (Q1 2026), $82.0 million (Q4 2025), and $97.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | nCino | 1.68 Bn | 1.60 Bn | 91.92 Mn | 89.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |