nCino (NCNO) Operating Expenses (2021 - 2026)
nCino (NCNO) posted Operating Expenses of $89.1 million for Q1 2026, up 8.69% sequentially from $82.0 million in Q4 2025, and down 1.11% YoY from $90.1 million in Q1 2025.
nCino (NCNO) Operating Expenses (2021 - 2026) Analysis & Trends
nCino has reported Operating Expenses for 6 years, with the latest figure at $89.1 million in Q1 2026.
- Quarterly Operating Expenses fell 1.11% year-over-year to $89.1 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $356.4 million (up 3.94% YoY) and the FY2026 annual result came in at $356.4 million, up 3.94% from the prior year.
- Operating Expenses climbed to $89.1 million in Q1 2026 per NCNO's latest filing, from $82.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $97.4 million in Q3 2025 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 57.46% in 2022, then declined 11.32% in 2024.
- Over 5 years, Operating Expenses stood at $80.6 million in 2022, then climbed by 7.74% to $86.8 million in 2023, then decreased by 1.09% to $85.9 million in 2024, then fell by 4.55% to $82.0 million in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | nCino | 2.37 Bn | 2.29 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 |