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Side-by-side financial comparison of nCino, Inc. (NCNO) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $152.2M, roughly 1.2× nCino, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 4.3%, a 43.6% gap on every dollar of revenue. On growth, nCino, Inc. posted the faster year-over-year revenue change (9.6% vs -21.9%). Over the past eight quarters, nCino, Inc.'s revenue compounded faster (10.9% CAGR vs -15.4%).
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.
NCNO vs RILY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $152.2M | $188.3M |
| Net Profit | $6.5M | $90.3M |
| Gross Margin | 61.6% | 79.5% |
| Operating Margin | 7.7% | 32.3% |
| Net Margin | 4.3% | 47.9% |
| Revenue YoY | 9.6% | -21.9% |
| Net Profit YoY | 224.5% | 1710.8% |
| EPS (diluted) | $0.06 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $148.8M | $215.3M | ||
| Q2 25 | $144.1M | $188.2M | ||
| Q1 25 | $141.4M | $197.2M | ||
| Q4 24 | $138.8M | $241.0M | ||
| Q3 24 | $132.4M | $225.5M | ||
| Q2 24 | $128.1M | $256.0M | ||
| Q1 24 | $123.7M | $263.4M |
| Q4 25 | $6.5M | $90.3M | ||
| Q3 25 | $-15.3M | $91.1M | ||
| Q2 25 | $5.6M | $139.5M | ||
| Q1 25 | $-18.6M | $-10.0M | ||
| Q4 24 | $-5.3M | $-5.6M | ||
| Q3 24 | $-11.0M | $-284.4M | ||
| Q2 24 | $-3.0M | $-433.6M | ||
| Q1 24 | $1.2M | $-49.2M |
| Q4 25 | 61.6% | 79.5% | ||
| Q3 25 | 59.2% | 83.7% | ||
| Q2 25 | 60.0% | 81.3% | ||
| Q1 25 | 59.7% | 81.4% | ||
| Q4 24 | 61.3% | 79.8% | ||
| Q3 24 | 59.3% | 82.1% | ||
| Q2 24 | 60.0% | 84.5% | ||
| Q1 24 | 60.2% | 85.3% |
| Q4 25 | 7.7% | 32.3% | ||
| Q3 25 | -6.2% | 30.4% | ||
| Q2 25 | -1.0% | 5.7% | ||
| Q1 25 | -4.1% | -31.2% | ||
| Q4 24 | -0.6% | -69.2% | ||
| Q3 24 | -6.0% | -36.4% | ||
| Q2 24 | -2.9% | -90.8% | ||
| Q1 24 | -2.6% | -6.1% |
| Q4 25 | 4.3% | 47.9% | ||
| Q3 25 | -10.3% | 42.3% | ||
| Q2 25 | 3.9% | 74.1% | ||
| Q1 25 | -13.2% | -5.1% | ||
| Q4 24 | -3.8% | -2.3% | ||
| Q3 24 | -8.3% | -126.1% | ||
| Q2 24 | -2.3% | -169.4% | ||
| Q1 24 | 0.9% | -18.7% |
| Q4 25 | $0.06 | $2.78 | ||
| Q3 25 | $-0.13 | $2.91 | ||
| Q2 25 | $0.05 | $4.50 | ||
| Q1 25 | $-0.15 | $-0.39 | ||
| Q4 24 | $-0.05 | $-0.01 | ||
| Q3 24 | $-0.10 | $-9.39 | ||
| Q2 24 | $-0.03 | $-14.35 | ||
| Q1 24 | $0.01 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $1.0B | $-171.5M |
| Total Assets | $1.6B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | $226.6M | ||
| Q3 25 | $122.9M | $184.2M | ||
| Q2 25 | $133.2M | $267.4M | ||
| Q1 25 | $120.9M | $138.3M | ||
| Q4 24 | $257.9M | $146.9M | ||
| Q3 24 | $121.4M | $159.2M | ||
| Q2 24 | $129.5M | $236.9M | ||
| Q1 24 | $112.1M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $-171.5M | ||
| Q3 25 | $1.1B | $-260.5M | ||
| Q2 25 | $1.1B | $-351.7M | ||
| Q1 25 | $1.1B | $-496.8M | ||
| Q4 24 | $1.1B | $-488.2M | ||
| Q3 24 | $1.1B | $-497.6M | ||
| Q2 24 | $1.1B | $-218.3M | ||
| Q1 24 | $1.0B | $228.4M |
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $3.2B | ||
| Q1 24 | $1.3B | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 3.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 0.78× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $59.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $26.2M | ||
| Q3 25 | $17.7M | $-60.6M | ||
| Q2 25 | $54.3M | $-25.6M | ||
| Q1 25 | $-10.0M | $184.0K | ||
| Q4 24 | $5.8M | $-2.7M | ||
| Q3 24 | $5.0M | $19.5M | ||
| Q2 24 | $54.4M | $111.5M | ||
| Q1 24 | $8.1M | $135.4M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $-10.4M | — | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $54.1M | — | ||
| Q1 24 | $7.7M | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | -7.3% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 42.2% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 0.78× | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | 9.77× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.02× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
