nCino (NCNO) Research & Development (2021 - 2026)
nCino's (NCNO) quarterly Research & Development came in at $36.9 million in Q3 2026, down 0.85% year-over-year from $37.3 million in Q3 2025, and up 11.23% quarter-over-quarter from $33.2 million in Q1 2026.
Analysis
nCino (NCNO) Research & Development (2021 - 2026) Analysis & Trends
nCino has disclosed Research & Development across 6 years of filings, most recently posting $36.9 million for Q3 2026.
- In Q3 2026, Research & Development fell 0.85% year-over-year to $36.9 million; the TTM figure through Jul 2026 stood at $140.5 million (up 3.51% YoY), while the FY2026 annual figure was $136.6 million, up 5.52% from the prior year.
- Research & Development came in at $36.9 million for Q3 2026 at nCino, up from $33.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $38.4 million in Q4 2023 to a low of $24.7 million in Q1 2022.
- Average Research & Development over 5 years is $32.6 million, with a median of $32.8 million recorded in 2022.
- Year-over-year, Research & Development soared 69.19% in 2022 and declined 14.06% in 2024.
- Over 5 years, Research & Development stood at $32.4 million in 2022, then climbed by 18.58% to $38.4 million in 2023, then decreased by 14.06% to $33.0 million in 2024, then advanced by 0.21% to $33.1 million in 2025, then increased by 11.6% to $36.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $36.9 million in Q3 2026, $33.2 million in Q1 2026, and $33.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 164.16 Mn |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 49.83 Mn |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | - |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 41.12 Mn |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 36.95 Mn |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 31.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 36.95 Mn |
| Jan 31, 2026 | 33.22 Mn |
| Oct 31, 2025 | 33.11 Mn |
| Jul 31, 2025 | 37.27 Mn |
| Apr 30, 2025 | 33.34 Mn |
| Jan 31, 2025 | 32.13 Mn |
| Oct 31, 2024 | 33.04 Mn |
| Jul 31, 2024 | 34.27 Mn |
| Apr 30, 2024 | 29.98 Mn |
| Jan 31, 2024 | 30.00 Mn |
| Oct 31, 2023 | 38.45 Mn |
| Jul 31, 2023 | 32.16 Mn |
| Apr 30, 2023 | 29.94 Mn |
| Jan 31, 2023 | 33.40 Mn |
| Oct 31, 2022 | 32.42 Mn |
| Jul 31, 2022 | 32.51 Mn |
| Apr 30, 2022 | 29.34 Mn |
| Jan 31, 2022 | 24.67 Mn |
| Oct 31, 2021 | 20.59 Mn |
| Jul 31, 2021 | 19.22 Mn |