Estados financieros detallados de nCino, Inc. (NCNO): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
nCino, Inc. registró ingresos de $594.8M en el último ejercicio fiscal, con un CAGR de 5 años del 23.8%.
Márgenes de los últimos 12 meses: margen bruto 61.5%, margen operativo 8.1%, margen neto 5.4%. El flujo de caja libre creció a un CAGR del 76.0% en 5 años.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $58.1M | $91.5M | $138.2M | $204.3M | $273.9M | $408.3M | $476.5M | $540.7M | $594.8M |
| Coste de Ventas | $30.5M | $46.5M | $64.1M | $88.1M | $111.4M | $169.6M | $191.5M | $215.9M | $234.6M |
| Beneficio Bruto | $27.7M | $45.1M | $74.1M | $116.2M | $162.5M | $238.7M | $285.1M | $324.8M | $360.2M |
| I+D | $16.6M | $22.2M | $35.3M | $58.3M | $79.4M | $121.6M | $117.3M | $129.4M | $127.5M |
| Generales y Administrativos | $29.9M | $46.1M | $67.0M | $100.5M | $154.4M | $211.1M | $207.3M | $213.5M | $228.9M |
| Gastos Operativos | $46.4M | $68.3M | $102.3M | $158.8M | $233.8M | $332.7M | $324.6M | $342.9M | $356.4M |
| Beneficio Operativo | -$18.8M | -$23.2M | -$28.2M | -$42.6M | -$71.4M | -$94.0M | -$39.5M | -$18.1M | $3.7M |
| EBITDA | -$17.8M | -$20.7M | -$22.5M | -$33.1M | -$62.4M | -$56.5M | $7.5M | $9.5M | $66.4M |
| Gastos por Intereses | 0 | 0 | 0 | $130000 | $1.5M | $2.8M | $4.1M | $8.8M | $17.5M |
| Beneficio Antes de Impuestos | -$18.5M | -$22.1M | -$27.1M | -$40.7M | -$74.0M | -$97.8M | -$41.9M | -$35.6M | $6.7M |
| Impuestos | $50000 | $194000 | $586000 | $586000 | -$23.8M | $4.1M | $1.6M | -$2.5M | $1.5M |
| Beneficio Neto | -$18.6M | -$22.3M | -$27.6M | -$40.5M | -$49.4M | -$102.7M | -$42.3M | -$37.9M | $5.2M |
| BPA | $-0.21 | $-0.25 | $-0.31 | $-0.46 | $-0.51 | $-0.93 | $-0.38 | $-0.33 | $0.05 |
| BPA Diluido | $-0.21 | $-0.25 | $-0.31 | $-0.46 | $-0.51 | $-0.93 | $-0.38 | $-0.33 | $0.05 |
| Acciones en Circulación (Diluidas) | $89.6M | $89.6M | $89.6M | $87.7M | $96.7M | $110.6M | $112.7M | $115.2M | $114.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $152.2M | $149.7M | $159.4M | $161.0M |
| Beneficio Bruto | $93.7M | $91.9M | $96.4M | $100.8M |
| Beneficio Operativo | $11.7M | $2.8M | $22.1M | $13.6M |
| EBITDA | $22.8M | $15.2M | $31.2M | $13.1M |
| Beneficio Neto | $6.5M | $8.3M | $13.6M | $5.1M |
| BPA | $0.06 | $0.07 | $0.13 | $0.05 |
| BPA Diluido | $0.06 | $0.07 | $0.12 | $0.05 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $80.7M | $74.3M | $91.2M | $371.4M | $88.0M | $82.0M | $112.1M | $120.9M | $88.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $24.3M | $29.8M | $43.4M | $55.5M | $74.5M | $99.5M | $113.0M | $146.8M | $166.5M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $109.0M | $109.2M | $145.3M | $442.2M | $183.5M | $207.2M | $250.8M | $302.2M | $293.5M |
| Inmovilizado Material | $3.8M | $10.4M | $13.5M | $29.9M | $73.8M | $95.0M | $98.4M | $91.0M | $88.3M |
| Fondo de Comercio | 0 | 0 | $55.8M | $57.1M | $841.5M | $839.4M | $838.9M | $1.02B | $1.08B |
| Activos Intangibles | 0 | 0 | $26.1M | $23.1M | $180.1M | $152.8M | $115.6M | $154.6M | $135.7M |
| Activos Totales | $113.0M | $120.0M | $250.2M | $563.4M | $1.30B | $1.33B | $1.34B | $1.61B | $1.65B |
| Cuentas por Pagar | $2.3M | $3.4M | $4.7M | $6.0M | $11.4M | $11.9M | $11.8M | $13.6M | $14.5M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $34.9M | $52.4M | $76.6M | $115.7M | $174.4M | $205.2M | $215.0M | $251.5M | $294.5M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | $30.0M | 0 | $166.0M | $213.5M |
| Pasivos Totales | $35.0M | $53.9M | $78.5M | $134.4M | $230.5M | $299.6M | $287.8M | $512.8M | $579.5M |
| Reservas | -$82.4M | -$104.8M | -$120.9M | -$161.1M | -$209.6M | -$310.3M | -$352.8M | -$385.3M | -$375.8M |
| Patrimonio Neto | $78.0M | $66.0M | $167.3M | $425.2M | $1.07B | $1.02B | $1.05B | $1.09B | $1.06B |
| Deuda Total | 0 | 0 | 0 | $16.3M | $48.8M | $96.5M | $74.2M | $236.8M | $278.7M |
| Deuda Neta | -$80.7M | -$74.3M | -$91.2M | -$355.2M | -$39.2M | $14.5M | -$37.9M | $115.9M | $190.3M |
| Capital Circulante | $74.1M | $56.8M | $68.7M | $326.5M | $9.1M | $2.0M | $35.7M | $50.7M | -$989000 |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $87.6M | $88.4M | $102.8M | $83.3M |
| Activos Totales | $1.56B | $1.65B | $1.61B | $1.57B |
| Pasivos Totales | $507.3M | $579.5M | $623.4M | $626.5M |
| Patrimonio Neto | $1.04B | $1.06B | $970.4M | $929.8M |
| Deuda Total | $269.4M | $278.7M | $326.7M | $338.6M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$18.6M | -$22.3M | -$27.6M | -$40.5M | -$49.4M | -$102.7M | -$42.3M | -$37.9M | $5.2M |
| Amortizaciones | $970000 | $1.5M | $4.6M | $7.4M | $12.5M | $38.5M | $45.3M | $36.3M | $42.3M |
| Compensación en Acciones | $3.8M | $4.1M | 0 | 0 | 0 | 0 | 0 | 0 | $73.9M |
| Cambio en Capital Circulante | -$1.8M | $12.1M | $5.0M | $14.6M | $6.4M | -$14.9M | -$16.4M | -$38.5M | -$34.8M |
| Flujo de Caja Operativo | -$16.0M | -$4.6M | -$9.0M | $9.2M | -$19.2M | -$15.4M | $57.3M | $55.2M | $90.1M |
| Inversiones (CapEx) | -$2.8M | -$8.0M | -$5.8M | -$4.3M | -$5.5M | -$18.9M | -$3.9M | -$2.3M | -$7.5M |
| Adquisiciones | 0 | 0 | -$47.8M | 0 | -$269.0M | $676000 | $1.0M | -$216.9M | -$50.3M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$125.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$18.8M | -$12.6M | -$14.8M | $4.9M | -$24.7M | -$34.3M | $53.4M | $52.9M | $82.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $5.1M | $12.9M | $81.4M | $34.2M |
| Inversiones (CapEx) | -$174000 | -$461000 | -$614000 | -$195000 |
| Flujo de Caja Libre | $4.9M | $12.5M | $80.8M | $34.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | $13.9M | -$5.7M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +57.4% | +51.0% | +47.8% | +34.1% | +49.1% | +16.7% | +13.5% | +10.0% |
| Crecimiento Beneficio Neto (anual) | | -20.0% | -23.7% | -46.9% | -22.0% | -107.7% | +58.8% | +10.6% | +113.7% |
| Crecimiento BPA (anual) | | -19.0% | -24.0% | -48.4% | -10.9% | -82.4% | +59.1% | +13.2% | +115.2% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | -2.2% | +10.3% | +14.4% | +1.9% | +2.2% | -0.7% |
| Crecimiento FCF (anual) | | +33.2% | -17.6% | +133.1% | -605.6% | -38.8% | +255.8% | -0.9% | +56.0% |
| Margen Bruto | 47.6% | 49.3% | 53.6% | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.6% |
| Margen Operativo | -32.3% | -25.4% | -20.4% | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | 0.6% |
| Margen EBITDA | -30.6% | -22.6% | -16.3% | -16.2% | -22.8% | -13.8% | 1.6% | 1.8% | 11.2% |
| Margen Neto | -32.0% | -24.4% | -20.0% | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | 0.9% |
| Margen FCF | -32.3% | -13.7% | -10.7% | 2.4% | -9.0% | -8.4% | 11.2% | 9.8% | 13.9% |
| Tasa Impositiva Efectiva | -0.3% | -0.9% | -2.2% | -1.4% | 32.2% | -4.2% | -3.8% | 7.1% | 22.8% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.21 | $-0.14 | $-0.16 | $0.06 | $-0.26 | $-0.31 | $0.47 | $0.46 | $0.72 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $89.6M | $89.6M | $89.6M | $87.7M | $96.7M | $110.6M | $112.7M | $115.2M | $112.9M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Margen bruto | 61.51% |
| Margen operativo | 8.07% |
| Margen neto | 5.40% |
Salud financiera
| Deuda / Patrimonio | 0.36 |
| Ratio corriente | 0.85 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -436.14 | -366.36 | -295.45 | -156.22 | -89.86 | -30.75 | -82.84 | -103.06 | 427.00 |
| P/VC | 105.24 | 124.33 | 49.08 | 14.82 | 4.15 | 3.09 | 3.38 | 3.60 | 2.28 |
| P/V | 141.21 | 89.70 | 59.42 | 30.84 | 16.19 | 7.75 | 7.44 | 7.24 | 4.05 |
| Margen Bruto | 47.6% | 49.3% | 53.6% | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.6% |
| Margen Operativo | -32.3% | -25.4% | -20.4% | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | 0.6% |
| Margen Neto | -32.0% | -24.4% | -20.0% | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | 0.9% |