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Side-by-side financial comparison of nCino, Inc. (NCNO) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
nCino, Inc. is the larger business by last-quarter revenue ($152.2M vs $78.6M, roughly 1.9× Repay Holdings Corp). nCino, Inc. runs the higher net margin — 4.3% vs -178.3%, a 182.6% gap on every dollar of revenue. On growth, nCino, Inc. posted the faster year-over-year revenue change (9.6% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $4.9M). Over the past eight quarters, nCino, Inc.'s revenue compounded faster (10.9% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
NCNO vs RPAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $152.2M | $78.6M |
| Net Profit | $6.5M | $-140.1M |
| Gross Margin | 61.6% | 74.2% |
| Operating Margin | 7.7% | -182.2% |
| Net Margin | 4.3% | -178.3% |
| Revenue YoY | 9.6% | 0.4% |
| Net Profit YoY | 224.5% | -3304.1% |
| EPS (diluted) | $0.06 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $148.8M | $77.7M | ||
| Q2 25 | $144.1M | $75.6M | ||
| Q1 25 | $141.4M | $77.3M | ||
| Q4 24 | $138.8M | $78.3M | ||
| Q3 24 | $132.4M | $79.1M | ||
| Q2 24 | $128.1M | $74.9M | ||
| Q1 24 | $123.7M | $80.7M |
| Q4 25 | $6.5M | $-140.1M | ||
| Q3 25 | $-15.3M | $-6.4M | ||
| Q2 25 | $5.6M | $-102.3M | ||
| Q1 25 | $-18.6M | $-7.9M | ||
| Q4 24 | $-5.3M | $-4.1M | ||
| Q3 24 | $-11.0M | $3.2M | ||
| Q2 24 | $-3.0M | $-4.1M | ||
| Q1 24 | $1.2M | $-5.2M |
| Q4 25 | 61.6% | 74.2% | ||
| Q3 25 | 59.2% | 74.4% | ||
| Q2 25 | 60.0% | 75.7% | ||
| Q1 25 | 59.7% | 75.9% | ||
| Q4 24 | 61.3% | 76.3% | ||
| Q3 24 | 59.3% | 77.8% | ||
| Q2 24 | 60.0% | 78.2% | ||
| Q1 24 | 60.2% | 76.2% |
| Q4 25 | 7.7% | -182.2% | ||
| Q3 25 | -6.2% | -3.9% | ||
| Q2 25 | -1.0% | -138.7% | ||
| Q1 25 | -4.1% | -4.7% | ||
| Q4 24 | -0.6% | -1.5% | ||
| Q3 24 | -6.0% | -0.9% | ||
| Q2 24 | -2.9% | -4.6% | ||
| Q1 24 | -2.6% | -3.1% |
| Q4 25 | 4.3% | -178.3% | ||
| Q3 25 | -10.3% | -8.3% | ||
| Q2 25 | 3.9% | -135.2% | ||
| Q1 25 | -13.2% | -10.3% | ||
| Q4 24 | -3.8% | -5.3% | ||
| Q3 24 | -8.3% | 4.1% | ||
| Q2 24 | -2.3% | -5.4% | ||
| Q1 24 | 0.9% | -6.5% |
| Q4 25 | $0.06 | $-1.68 | ||
| Q3 25 | $-0.13 | $-0.08 | ||
| Q2 25 | $0.05 | $-1.15 | ||
| Q1 25 | $-0.15 | $-0.09 | ||
| Q4 24 | $-0.05 | $-0.04 | ||
| Q3 24 | $-0.10 | $0.03 | ||
| Q2 24 | $-0.03 | $-0.04 | ||
| Q1 24 | $0.01 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.0B | $484.4M |
| Total Assets | $1.6B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | $115.7M | ||
| Q3 25 | $122.9M | $95.7M | ||
| Q2 25 | $133.2M | $162.6M | ||
| Q1 25 | $120.9M | $165.5M | ||
| Q4 24 | $257.9M | $189.5M | ||
| Q3 24 | $121.4M | $168.7M | ||
| Q2 24 | $129.5M | $147.1M | ||
| Q1 24 | $112.1M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $1.0B | $484.4M | ||
| Q3 25 | $1.1B | $616.9M | ||
| Q2 25 | $1.1B | $633.7M | ||
| Q1 25 | $1.1B | $755.7M | ||
| Q4 24 | $1.1B | $761.3M | ||
| Q3 24 | $1.1B | $754.7M | ||
| Q2 24 | $1.1B | $815.4M | ||
| Q1 24 | $1.0B | $813.8M |
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $4.9M | $23.2M |
| FCF MarginFCF / Revenue | 3.2% | 29.6% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $23.3M | ||
| Q3 25 | $17.7M | $32.2M | ||
| Q2 25 | $54.3M | $33.1M | ||
| Q1 25 | $-10.0M | $2.5M | ||
| Q4 24 | $5.8M | $34.3M | ||
| Q3 24 | $5.0M | $60.1M | ||
| Q2 24 | $54.4M | $31.0M | ||
| Q1 24 | $8.1M | $24.8M |
| Q4 25 | $4.9M | $23.2M | ||
| Q3 25 | $12.6M | $32.1M | ||
| Q2 25 | $52.6M | $33.0M | ||
| Q1 25 | $-10.4M | $2.4M | ||
| Q4 24 | $5.1M | $34.0M | ||
| Q3 24 | $4.6M | $59.8M | ||
| Q2 24 | $54.1M | $30.5M | ||
| Q1 24 | $7.7M | $24.7M |
| Q4 25 | 3.2% | 29.6% | ||
| Q3 25 | 8.5% | 41.3% | ||
| Q2 25 | 36.5% | 43.6% | ||
| Q1 25 | -7.3% | 3.0% | ||
| Q4 24 | 3.7% | 43.5% | ||
| Q3 24 | 3.4% | 75.6% | ||
| Q2 24 | 42.2% | 40.7% | ||
| Q1 24 | 6.2% | 30.6% |
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 3.5% | 0.2% | ||
| Q2 25 | 1.2% | 0.1% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.3% | 0.3% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 0.3% | 0.1% |
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.77× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
