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Side-by-side financial comparison of nCino, Inc. (NCNO) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
NetEase, Inc. is the larger business by last-quarter revenue ($4.0B vs $152.2M, roughly 26.2× nCino, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 4.3%, a 26.7% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $4.9M). Over the past eight quarters, nCino, Inc.'s revenue compounded faster (10.9% CAGR vs 9.7%).
nCino, Inc. is a global financial technology company headquartered in Wilmington, North Carolina. The company offers its cloud-based banking software and core banking platform. The nCino Platform is used by banks and credit unions, and enterprise financial institutions.
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
NCNO vs NTES — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $152.2M | $4.0B |
| Net Profit | $6.5M | $1.2B |
| Gross Margin | 61.6% | 64.1% |
| Operating Margin | 7.7% | 28.3% |
| Net Margin | 4.3% | 31.0% |
| Revenue YoY | 9.6% | — |
| Net Profit YoY | 224.5% | — |
| EPS (diluted) | $0.06 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $152.2M | — | ||
| Q3 25 | $148.8M | $4.0B | ||
| Q2 25 | $144.1M | $3.9B | ||
| Q1 25 | $141.4M | $4.0B | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $132.4M | $3.7B | ||
| Q2 24 | $128.1M | $3.5B | ||
| Q1 24 | $123.7M | $3.7B |
| Q4 25 | $6.5M | — | ||
| Q3 25 | $-15.3M | $1.2B | ||
| Q2 25 | $5.6M | $1.3B | ||
| Q1 25 | $-18.6M | $1.5B | ||
| Q4 24 | $-5.3M | — | ||
| Q3 24 | $-11.0M | $955.7M | ||
| Q2 24 | $-3.0M | $939.6M | ||
| Q1 24 | $1.2M | $1.1B |
| Q4 25 | 61.6% | — | ||
| Q3 25 | 59.2% | 64.1% | ||
| Q2 25 | 60.0% | 64.7% | ||
| Q1 25 | 59.7% | 64.1% | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.3% | 62.9% | ||
| Q2 24 | 60.0% | 62.9% | ||
| Q1 24 | 60.2% | 63.4% |
| Q4 25 | 7.7% | — | ||
| Q3 25 | -6.2% | 28.3% | ||
| Q2 25 | -1.0% | 32.5% | ||
| Q1 25 | -4.1% | 36.2% | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | -6.0% | 27.3% | ||
| Q2 24 | -2.9% | 27.4% | ||
| Q1 24 | -2.6% | 28.4% |
| Q4 25 | 4.3% | — | ||
| Q3 25 | -10.3% | 31.0% | ||
| Q2 25 | 3.9% | 32.6% | ||
| Q1 25 | -13.2% | 36.6% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | -8.3% | 25.6% | ||
| Q2 24 | -2.3% | 26.8% | ||
| Q1 24 | 0.9% | 29.1% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $87.6M | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $160.8B |
| Total Assets | $1.6B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | — | ||
| Q3 25 | $122.9M | $31.3B | ||
| Q2 25 | $133.2M | $54.4B | ||
| Q1 25 | $120.9M | $41.7B | ||
| Q4 24 | $257.9M | — | ||
| Q3 24 | $121.4M | $20.2B | ||
| Q2 24 | $129.5M | $19.0B | ||
| Q1 24 | $112.1M | $43.0B |
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $160.8B | ||
| Q2 25 | $1.1B | $154.0B | ||
| Q1 25 | $1.1B | $147.8B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $135.6B | ||
| Q2 24 | $1.1B | $134.2B | ||
| Q1 24 | $1.0B | $130.5B |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $214.5B | ||
| Q2 25 | $1.7B | $208.5B | ||
| Q1 25 | $1.6B | $200.9B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $184.9B | ||
| Q2 24 | $1.4B | $183.3B | ||
| Q1 24 | $1.3B | $195.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.1M | $1.8B |
| Free Cash FlowOCF − Capex | $4.9M | $1.8B |
| FCF MarginFCF / Revenue | 3.2% | 44.7% |
| Capex IntensityCapex / Revenue | 0.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.78× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $59.7M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | — | ||
| Q3 25 | $17.7M | $1.8B | ||
| Q2 25 | $54.3M | $1.5B | ||
| Q1 25 | $-10.0M | $1.7B | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $5.0M | $1.5B | ||
| Q2 24 | $54.4M | $898.8M | ||
| Q1 24 | $8.1M | $1.3B |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $12.6M | $1.8B | ||
| Q2 25 | $52.6M | $1.5B | ||
| Q1 25 | $-10.4M | $1.6B | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $4.6M | $1.5B | ||
| Q2 24 | $54.1M | $875.6M | ||
| Q1 24 | $7.7M | $1.3B |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 8.5% | 44.7% | ||
| Q2 25 | 36.5% | 38.3% | ||
| Q1 25 | -7.3% | 40.4% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.4% | 38.9% | ||
| Q2 24 | 42.2% | 25.0% | ||
| Q1 24 | 6.2% | 34.0% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 3.5% | 1.0% | ||
| Q2 25 | 1.2% | 0.7% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | 1.4% | ||
| Q2 24 | 0.3% | 0.7% | ||
| Q1 24 | 0.3% | 1.5% |
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 9.77× | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 7.02× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NCNO
| License And Service | $133.4M | 88% |
| Professional Services | $18.8M | 12% |
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
