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Ncino Valuation Multiples

Discover revenue and EBITDA valuation multiples for Ncino and similar public comparables like FINEOS, Computershare, and Change Financial.

Ncino Overview

About Ncino

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposits, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.


Founded

2011

HQ

United States of America
Employees

1.8K+

Website

ncino.com

Financials

LTM Revenue $548M

LTM EBITDA $104M

EV

$2.9B

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Ncino Financials

Ncino has a last 12-month revenue of $548M and a last 12-month EBITDA of $104M.

In the most recent fiscal year, Ncino achieved revenue of $541M and an EBITDA of $9.5M.

Ncino expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Ncino P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $408M $477M XXX XXX XXX
Gross Profit $239M $285M XXX XXX XXX
Gross Margin 58% 60% XXX XXX XXX
EBITDA -$60.3M $7.5M XXX XXX XXX
EBITDA Margin -15% 2% XXX XXX XXX
Net Profit -$103M -$42.3M XXX XXX XXX
Net Margin -25% -9% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

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Ncino Stock Performance

As of April 15, 2025, Ncino's stock price is $24.

Ncino has current market cap of $2.8B, and EV of $2.9B.

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Ncino Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$2.9B $2.8B XXX XXX XXX XXX $0.66

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Ncino Valuation Multiples

As of April 15, 2025, Ncino has market cap of $2.8B and EV of $2.9B.

Ncino's trades at 5.2x LTM EV/Revenue multiple, and 27.5x LTM EBITDA.

Analysts estimate Ncino's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Ncino Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $2.9B XXX XXX XXX
EV/Revenue 5.4x XXX XXX XXX
EV/EBITDA 306.3x XXX XXX XXX
P/E -72.0x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF 53.8x XXX XXX XXX

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Ncino Valuation Multiples

Ncino's NTM/LTM revenue growth is 7%

Ncino's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, Ncino's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Ncino's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Ncino Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 17% XXX XXX XXX XXX
EBITDA Margin 2% XXX XXX XXX XXX
EBITDA Growth -112% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 9% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue 23% XXX XXX XXX XXX
G&A Expenses to Revenue 17% XXX XXX XXX XXX
R&D Expenses to Revenue 24% XXX XXX XXX XXX
Opex to Revenue 63% XXX XXX XXX XXX

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Ncino Public Comps

See public comps and valuation multiples for Financial Services Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Allfunds Group XXX XXX XXX XXX XXX XXX
Bravura Solutions XXX XXX XXX XXX XXX XXX
Change Financial XXX XXX XXX XXX XXX XXX
Computershare XXX XXX XXX XXX XXX XXX
FINEOS XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Ncino M&A and Investment Activity

Ncino acquired  XXX companies to date.

Last acquisition by Ncino was  XXXXXXXX, XXXXX XXXXX XXXXXX . Ncino acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Ncino

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Ncino

When was Ncino founded? Ncino was founded in 2011.
Where is Ncino headquartered? Ncino is headquartered in United States of America.
How many employees does Ncino have? As of today, Ncino has 1.8K+ employees.
Who is the CEO of Ncino? Ncino's CEO is Mr. Sean Desmond.
Is Ncino publicy listed? Yes, Ncino is a public company listed on NAS.
What is the stock symbol of Ncino? Ncino trades under NCNO ticker.
When did Ncino go public? Ncino went public in 2020.
Who are competitors of Ncino? Similar companies to Ncino include e.g. Allfunds Group, Bravura Solutions, Change Financial, Computershare.
What is the current market cap of Ncino? Ncino's current market cap is $2.8B
What is the current revenue of Ncino? Ncino's last 12-month revenue is $548M.
What is the current EBITDA of Ncino? Ncino's last 12-month EBITDA is $104M.
What is the current EV/Revenue multiple of Ncino? Current revenue multiple of Ncino is 5.2x.
What is the current EV/EBITDA multiple of Ncino? Current EBITDA multiple of Ncino is 27.5x.
What is the current revenue growth of Ncino? Ncino revenue growth between 2023 and 2024 was 17%.
Is Ncino profitable? Yes, Ncino is EBITDA-positive (as of the last 12 months).

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