Demonstrações financeiras detalhadas de nCino, Inc. (NCNO): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
nCino, Inc. registou receitas de $594.8M no último exercício, com um CAGR de 5 anos de 23.8%.
Margens dos últimos 12 meses: margem bruta 61.5%, margem operacional 8.1%, margem líquida 5.4%. O fluxo de caixa livre cresceu a CAGR de 76.0% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $58.1M | $91.5M | $138.2M | $204.3M | $273.9M | $408.3M | $476.5M | $540.7M | $594.8M |
| Custo da Receita | $30.5M | $46.5M | $64.1M | $88.1M | $111.4M | $169.6M | $191.5M | $215.9M | $234.6M |
| Lucro Bruto | $27.7M | $45.1M | $74.1M | $116.2M | $162.5M | $238.7M | $285.1M | $324.8M | $360.2M |
| P&D | $16.6M | $22.2M | $35.3M | $58.3M | $79.4M | $121.6M | $117.3M | $129.4M | $127.5M |
| Despesas Gerais e Administrativas | $29.9M | $46.1M | $67.0M | $100.5M | $154.4M | $211.1M | $207.3M | $213.5M | $228.9M |
| Despesas Operacionais | $46.4M | $68.3M | $102.3M | $158.8M | $233.8M | $332.7M | $324.6M | $342.9M | $356.4M |
| Lucro Operacional | -$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 |
| Despesas com Juros | 0 | 0 | 0 | $130000 | $1.5M | $2.8M | $4.1M | $8.8M | $17.5M |
| Lucro Antes de Impostos | -$18.5M | -$22.1M | -$27.1M | -$40.7M | -$74.0M | -$97.8M | -$41.9M | -$35.6M | $6.7M |
| Imposto | $50000 | $194000 | $586000 | $586000 | -$23.8M | $4.1M | $1.6M | -$2.5M | $1.5M |
| Lucro Líquido | -$18.6M | -$22.3M | -$27.6M | -$40.5M | -$49.4M | -$102.7M | -$42.3M | -$37.9M | $5.2M |
| LPA | $-0.21 | $-0.25 | $-0.31 | $-0.46 | $-0.51 | $-0.93 | $-0.38 | $-0.33 | $0.05 |
| LPA Diluído | $-0.21 | $-0.25 | $-0.31 | $-0.46 | $-0.51 | $-0.93 | $-0.38 | $-0.33 | $0.05 |
| Ações em Circulação (Diluídas) | $89.6M | $89.6M | $89.6M | $87.7M | $96.7M | $110.6M | $112.7M | $115.2M | $114.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $152.2M | $149.7M | $159.4M | $161.0M |
| Lucro Bruto | $93.7M | $91.9M | $96.4M | $100.8M |
| Lucro Operacional | $11.7M | $2.8M | $22.1M | $13.6M |
| EBITDA | $22.8M | $15.2M | $31.2M | $13.1M |
| Lucro Líquido | $6.5M | $8.3M | $13.6M | $5.1M |
| LPA | $0.06 | $0.07 | $0.13 | $0.05 |
| LPA Diluído | $0.06 | $0.07 | $0.12 | $0.05 |
Balanço (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $80.7M | $74.3M | $91.2M | $371.4M | $88.0M | $82.0M | $112.1M | $120.9M | $88.4M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $24.3M | $29.8M | $43.4M | $55.5M | $74.5M | $99.5M | $113.0M | $146.8M | $166.5M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $109.0M | $109.2M | $145.3M | $442.2M | $183.5M | $207.2M | $250.8M | $302.2M | $293.5M |
| Imobilizado | $3.8M | $10.4M | $13.5M | $29.9M | $73.8M | $95.0M | $98.4M | $91.0M | $88.3M |
| Ágio | 0 | 0 | $55.8M | $57.1M | $841.5M | $839.4M | $838.9M | $1.02B | $1.08B |
| Ativos Intangíveis | 0 | 0 | $26.1M | $23.1M | $180.1M | $152.8M | $115.6M | $154.6M | $135.7M |
| Ativos Totais | $113.0M | $120.0M | $250.2M | $563.4M | $1.30B | $1.33B | $1.34B | $1.61B | $1.65B |
| Contas a Pagar | $2.3M | $3.4M | $4.7M | $6.0M | $11.4M | $11.9M | $11.8M | $13.6M | $14.5M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $34.9M | $52.4M | $76.6M | $115.7M | $174.4M | $205.2M | $215.0M | $251.5M | $294.5M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | $30.0M | 0 | $166.0M | $213.5M |
| Passivos Totais | $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 |
| Patrimônio Líquido | $78.0M | $66.0M | $167.3M | $425.2M | $1.07B | $1.02B | $1.05B | $1.09B | $1.06B |
| Dívida Total | 0 | 0 | 0 | $16.3M | $48.8M | $96.5M | $74.2M | $236.8M | $278.7M |
| Dívida Líquida | -$80.7M | -$74.3M | -$91.2M | -$355.2M | -$39.2M | $14.5M | -$37.9M | $115.9M | $190.3M |
| Capital de Giro | $74.1M | $56.8M | $68.7M | $326.5M | $9.1M | $2.0M | $35.7M | $50.7M | -$989000 |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $87.6M | $88.4M | $102.8M | $83.3M |
| Ativos Totais | $1.56B | $1.65B | $1.61B | $1.57B |
| Passivos Totais | $507.3M | $579.5M | $623.4M | $626.5M |
| Patrimônio Líquido | $1.04B | $1.06B | $970.4M | $929.8M |
| Dívida Total | $269.4M | $278.7M | $326.7M | $338.6M |
Fluxo de Caixa (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$18.6M | -$22.3M | -$27.6M | -$40.5M | -$49.4M | -$102.7M | -$42.3M | -$37.9M | $5.2M |
| Depreciação e Amortização | $970000 | $1.5M | $4.6M | $7.4M | $12.5M | $38.5M | $45.3M | $36.3M | $42.3M |
| Compensação em Ações | $3.8M | $4.1M | 0 | 0 | 0 | 0 | 0 | 0 | $73.9M |
| Variação Capital de Giro | -$1.8M | $12.1M | $5.0M | $14.6M | $6.4M | -$14.9M | -$16.4M | -$38.5M | -$34.8M |
| Fluxo de Caixa Operacional | -$16.0M | -$4.6M | -$9.0M | $9.2M | -$19.2M | -$15.4M | $57.3M | $55.2M | $90.1M |
| CapEx | -$2.8M | -$8.0M | -$5.8M | -$4.3M | -$5.5M | -$18.9M | -$3.9M | -$2.3M | -$7.5M |
| Aquisições | 0 | 0 | -$47.8M | 0 | -$269.0M | $676000 | $1.0M | -$216.9M | -$50.3M |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$125.1M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$18.8M | -$12.6M | -$14.8M | $4.9M | -$24.7M | -$34.3M | $53.4M | $52.9M | $82.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | $5.1M | $12.9M | $81.4M | $34.2M |
| CapEx | -$174000 | -$461000 | -$614000 | -$195000 |
| Fluxo de Caixa Livre | $4.9M | $12.5M | $80.8M | $34.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | $13.9M | -$5.7M |
Crescimento e Margens (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +57.4% | +51.0% | +47.8% | +34.1% | +49.1% | +16.7% | +13.5% | +10.0% |
| Crescimento Lucro Líquido (anual) | | -20.0% | -23.7% | -46.9% | -22.0% | -107.7% | +58.8% | +10.6% | +113.7% |
| Crescimento LPA (anual) | | -19.0% | -24.0% | -48.4% | -10.9% | -82.4% | +59.1% | +13.2% | +115.2% |
| Variação de Ações (anual) | | +0.0% | +0.0% | -2.2% | +10.3% | +14.4% | +1.9% | +2.2% | -0.7% |
| Crescimento FCF (anual) | | +33.2% | -17.6% | +133.1% | -605.6% | -38.8% | +255.8% | -0.9% | +56.0% |
| Margem Bruta | 47.6% | 49.3% | 53.6% | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.6% |
| Margem Operacional | -32.3% | -25.4% | -20.4% | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | 0.6% |
| Margem EBITDA | -30.6% | -22.6% | -16.3% | -16.2% | -22.8% | -13.8% | 1.6% | 1.8% | 11.2% |
| Margem Líquida | -32.0% | -24.4% | -20.0% | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | 0.9% |
| Margem FCF | -32.3% | -13.7% | -10.7% | 2.4% | -9.0% | -8.4% | 11.2% | 9.8% | 13.9% |
| Taxa Efetiva de Imposto | -0.3% | -0.9% | -2.2% | -1.4% | 32.2% | -4.2% | -3.8% | 7.1% | 22.8% |
Dados por Ação (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $-0.21 | $-0.14 | $-0.16 | $0.06 | $-0.26 | $-0.31 | $0.47 | $0.46 | $0.72 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $89.6M | $89.6M | $89.6M | $87.7M | $96.7M | $110.6M | $112.7M | $115.2M | $112.9M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Margem bruta | 61.51% |
| Margem operacional | 8.07% |
| Margem líquida | 5.40% |
Saúde financeira
| Dívida / Patrimônio | 0.36 |
| Liquidez corrente | 0.85 |
Índices Chave (10 anos)
| Ano | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -436.14 | -366.36 | -295.45 | -156.22 | -89.86 | -30.75 | -82.84 | -103.06 | 427.00 |
| P/VP | 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 |
| Margem Bruta | 47.6% | 49.3% | 53.6% | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.6% |
| Margem Operacional | -32.3% | -25.4% | -20.4% | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | 0.6% |
| Margem Líquida | -32.0% | -24.4% | -20.0% | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | 0.9% |