nCino (NCNO) Research & Development (2021 - 2026)
nCino (NCNO) posted Research & Development of $39.0 million for Q1 2026, up 32.06% sequentially from $29.5 million in Q4 2025, and up 21.41% YoY from $32.1 million in Q1 2025.
nCino (NCNO) Research & Development (2021 - 2026) Analysis & Trends
nCino has reported Research & Development for 6 years, with the latest figure at $39.0 million in Q1 2026.
- Quarterly Research & Development rose 21.41% year-over-year to $39.0 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $136.2 million (up 11.98% YoY) and the FY2026 annual result came in at $136.6 million, up 5.52% from the prior year.
- Research & Development advanced to $39.0 million in Q1 2026 per NCNO's latest filing, from $29.5 million in the prior quarter.
- Over five years, Research & Development peaked at $39.4 million in Q1 2023 and troughed at $26.9 million in Q1 2022.
- A 5-year average of $32.0 million and a median of $31.7 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 69.19% in 2022, then fell 23.36% in 2024.
- Over 5 years, Research & Development stood at $29.5 million in 2022, then jumped by 30.45% to $38.4 million in 2023, then fell by 22.67% to $29.7 million in 2024, then dropped by 0.63% to $29.5 million in 2025, then surged by 32.06% to $39.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $39.0 million, $29.5 million, and $34.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | nCino | 2.37 Bn | 2.29 Bn | 91.92 Mn | 39.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 39.01 Mn |
| Oct 31, 2025 | 29.54 Mn |
| Jul 31, 2025 | 34.67 Mn |
| Apr 30, 2025 | 32.97 Mn |
| Jan 31, 2025 | 32.13 Mn |
| Oct 31, 2024 | 29.73 Mn |
| Jul 31, 2024 | 31.71 Mn |
| Apr 30, 2024 | 28.05 Mn |
| Jan 31, 2024 | 30.18 Mn |
| Oct 31, 2023 | 38.45 Mn |
| Jul 31, 2023 | 32.16 Mn |
| Apr 30, 2023 | 28.20 Mn |
| Jan 31, 2023 | 39.38 Mn |
| Oct 31, 2022 | 29.47 Mn |
| Jul 31, 2022 | 32.51 Mn |
| Apr 30, 2022 | 29.12 Mn |
| Jan 31, 2022 | 26.91 Mn |
| Oct 31, 2021 | 19.96 Mn |
| Jul 31, 2021 | 19.22 Mn |
| Apr 30, 2021 | 18.43 Mn |