NCNOnCino, Inc.
Services-Prepackaged Software
- Revenue
- $595M
- 10% YoY
- Operating margin
- 0.6%
- 119% YoY
- EBITDA
- $46M
- 152% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.2×
- $192M net debt
- AI in 10-K
- —
Red flags 3 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear928% of net incomeCash flow under 80% of net income
- Dilutive SBCFired12% of revenueOver 10% of revenue
- Payouts exceed cash flowFired139% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired68% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $274M | $408M | $477M | $541M | $595M | 10% |
| Operating income | −$71M | −$94M | −$40M | −$18M | $4M | 121% |
| Net income | −$50M | −$102M | −$44M | −$33M | $10M | 129% |
| Operating cash flow | −$19M | −$15M | $57M | $55M | $90M | 63% |
| Capex | $5M | $18M | $4M | $2M | $8M | 313% |
| Stock-based comp | $28M | $50M | $58M | $72M | $74M | 3.2% |
| Buybacks | — | — | $0 | $0 | $125M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $9M | $4M | 30 | 124 |
| FY2025 | $8M | $9M | 47 | 146 |
| FY2024 | $8M | $10M | 44 | 135 |
| FY2023 | $8M | $2M | 40 | 90 |
| FY2022 | $8M | $1M | 64 | 111 |