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Side-by-side financial comparison of nCino, Inc. (NCNO) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $152.2M, roughly 8.0× nCino, Inc.). nCino, Inc. runs the higher net margin — 4.3% vs -24.2%, a 28.5% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 9.6%). Snowflake Inc. produced more free cash flow last quarter ($113.6M vs $4.9M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs 10.9%).
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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
NCNO vs SNOW — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $152.2M | $1.2B |
| Net Profit | $6.5M | $-294.0M |
| Gross Margin | 61.6% | 67.8% |
| Operating Margin | 7.7% | -27.2% |
| Net Margin | 4.3% | -24.2% |
| Revenue YoY | 9.6% | 28.7% |
| Net Profit YoY | 224.5% | 9.4% |
| EPS (diluted) | $0.06 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $148.8M | $1.1B | ||
| Q2 25 | $144.1M | $1.0B | ||
| Q1 25 | $141.4M | $986.8M | ||
| Q4 24 | $138.8M | $942.1M | ||
| Q3 24 | $132.4M | $868.8M | ||
| Q2 24 | $128.1M | $828.7M | ||
| Q1 24 | $123.7M | $774.7M |
| Q4 25 | $6.5M | $-294.0M | ||
| Q3 25 | $-15.3M | $-298.0M | ||
| Q2 25 | $5.6M | $-430.1M | ||
| Q1 25 | $-18.6M | $-327.5M | ||
| Q4 24 | $-5.3M | $-324.3M | ||
| Q3 24 | $-11.0M | $-316.9M | ||
| Q2 24 | $-3.0M | $-317.0M | ||
| Q1 24 | $1.2M | $-169.4M |
| Q4 25 | 61.6% | 67.8% | ||
| Q3 25 | 59.2% | 67.5% | ||
| Q2 25 | 60.0% | 66.5% | ||
| Q1 25 | 59.7% | 66.2% | ||
| Q4 24 | 61.3% | 65.9% | ||
| Q3 24 | 59.3% | 66.8% | ||
| Q2 24 | 60.0% | 67.1% | ||
| Q1 24 | 60.2% | 68.8% |
| Q4 25 | 7.7% | -27.2% | ||
| Q3 25 | -6.2% | -29.7% | ||
| Q2 25 | -1.0% | -42.9% | ||
| Q1 25 | -4.1% | -39.2% | ||
| Q4 24 | -0.6% | -38.8% | ||
| Q3 24 | -6.0% | -40.9% | ||
| Q2 24 | -2.9% | -42.1% | ||
| Q1 24 | -2.6% | -35.6% |
| Q4 25 | 4.3% | -24.2% | ||
| Q3 25 | -10.3% | -26.0% | ||
| Q2 25 | 3.9% | -41.3% | ||
| Q1 25 | -13.2% | -33.2% | ||
| Q4 24 | -3.8% | -34.4% | ||
| Q3 24 | -8.3% | -36.5% | ||
| Q2 24 | -2.3% | -38.3% | ||
| Q1 24 | 0.9% | -21.9% |
| Q4 25 | $0.06 | $-0.87 | ||
| Q3 25 | $-0.13 | $-0.89 | ||
| Q2 25 | $0.05 | $-1.29 | ||
| Q1 25 | $-0.15 | $-0.98 | ||
| Q4 24 | $-0.05 | $-0.98 | ||
| Q3 24 | $-0.10 | $-0.95 | ||
| Q2 24 | $-0.03 | $-0.95 | ||
| Q1 24 | $0.01 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $2.1B |
| Total Assets | $1.6B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | $1.9B | ||
| Q3 25 | $122.9M | $1.9B | ||
| Q2 25 | $133.2M | $2.2B | ||
| Q1 25 | $120.9M | $2.6B | ||
| Q4 24 | $257.9M | $2.1B | ||
| Q3 24 | $121.4M | $1.3B | ||
| Q2 24 | $129.5M | $1.3B | ||
| Q1 24 | $112.1M | $1.8B |
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $4.6B | ||
| Q1 24 | $1.0B | $5.2B |
| Q4 25 | $1.6B | $8.2B | ||
| Q3 25 | $1.6B | $8.2B | ||
| Q2 25 | $1.7B | $8.2B | ||
| Q1 25 | $1.6B | $9.0B | ||
| Q4 24 | $1.5B | $8.2B | ||
| Q3 24 | $1.4B | $6.9B | ||
| Q2 24 | $1.4B | $7.3B | ||
| Q1 24 | $1.3B | $8.2B |
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 | $137.5M |
| Free Cash FlowOCF − Capex | $4.9M | $113.6M |
| FCF MarginFCF / Revenue | 3.2% | 9.4% |
| Capex IntensityCapex / Revenue | 0.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 0.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.7M | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $137.5M | ||
| Q3 25 | $17.7M | $74.9M | ||
| Q2 25 | $54.3M | $228.4M | ||
| Q1 25 | $-10.0M | $432.7M | ||
| Q4 24 | $5.8M | $101.7M | ||
| Q3 24 | $5.0M | $69.9M | ||
| Q2 24 | $54.4M | $355.5M | ||
| Q1 24 | $8.1M | $344.6M |
| Q4 25 | $4.9M | $113.6M | ||
| Q3 25 | $12.6M | $58.2M | ||
| Q2 25 | $52.6M | $183.4M | ||
| Q1 25 | $-10.4M | $421.4M | ||
| Q4 24 | $5.1M | $88.3M | ||
| Q3 24 | $4.6M | $64.8M | ||
| Q2 24 | $54.1M | $338.9M | ||
| Q1 24 | $7.7M | $331.5M |
| Q4 25 | 3.2% | 9.4% | ||
| Q3 25 | 8.5% | 5.1% | ||
| Q2 25 | 36.5% | 17.6% | ||
| Q1 25 | -7.3% | 42.7% | ||
| Q4 24 | 3.7% | 9.4% | ||
| Q3 24 | 3.4% | 7.5% | ||
| Q2 24 | 42.2% | 40.9% | ||
| Q1 24 | 6.2% | 42.8% |
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 3.5% | 1.5% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.3% | 0.6% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 0.3% | 1.7% |
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.77× | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
