+28%

est. 2Y upside i

FinTechIPO

Rank

#1423

Sector

Fintech

Est. Liquidity

~2Y

Data Quality

Data: High

nCino is a public company with a strong moat but low growth and stiff incumbent competition.

Last updated: July 3, 2026

Bull (15%)+100%

Multiple expands to 6x top of comp range driven by sustained category leadership in cloud banking and strong retention. Projected revenue of $675M yields $4.05B exit.

Base (35%)+57%

Multiple converges to 4.5x, near comp mid-range, as growth remains modest. $3.04B exit represents 1.57x current market cap.

Bear (50%)-13%

Multiple compresses to 2.5x due to intensifying competition from incumbents and slowing growth. Exit of $1.69B is below current valuation.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

11%

Total preferred liquidation preference of $213M represents 11% of current market cap, unlikely to impact common in bear exit above $213M.

Dilution Risk

low

No dilutive fundraising expected; company executing share buybacks.

Secondary Liquidity

active

Shares trade on NASDAQ under NCNO with strong liquidity.

Questions to Ask at the Interview

Strategic questions based on nCino's data — designed to show you've done your homework.

  • 1

    “How would you defend nCino's market position against core banking incumbents?”

  • 2

    “What levers can nCino pull to accelerate growth from 10%?”

  • 3

    “How do you evaluate equity compensation at a public company versus a private high-growth startup?”

Community

Valuation Sentiment

Our model estimates +28% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.