Ncino Valuation Multiples

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 & workflows 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. The company 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

Employees

1.8K

Website

ncino.com

Sectors

Financial Services SoftwarePure-Play AI SoftwareArtificial IntelligenceFinTechB2B SaaSVertical SaaSGenerative AI

Financials (LTM)

Revenue: $605M

EBITDA: $143M

EV

$2B

Valuation Multiples

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Ncino Financials

Ncino reported last 12-month revenue of $605M and EBITDA of $143M.

In the same LTM period, Ncino generated $402M in gross profit, $143M in EBITDA, and $125M in net income.

Ncino P&L

In the most recent fiscal year, Ncino reported revenue of $595M and EBITDA of $135M.

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

Ncino Stock Performance

Ncino has current market cap of $2B, and enterprise value of $2B.

Ncino's stock price is $18.47.

Ncino Valuation Multiples

Ncino trades at 3.8x EV/Revenue multiple, and 16.1x EV/EBITDA.

Ncino Financial Valuation Multiples

As of April 20, 2026, Ncino has market cap of $2B and EV of $2B.

Equity research analysts estimate Ncino's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Ncino has a P/E ratio of 16.9x.

Ncino Margins & Growth Rates

Ncino's revenue in the last 12 month grew by 8%.

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

Ncino's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Ncino's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Ncino Public Comps

See public comps and valuation multiples for other Financial Services Software and Pure-Play AI Software comps.

Ncino M&A Activity

Ncino acquired XXX companies to date.

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

Ncino Investment Activity

Ncino invested in XXX companies to date.

Ncino made its latest investment on XXXXXXXX, XXXXX. Ncino invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).