What was nCino's prior repurchase activity before this new authorization?

nCino executed $300 million in repurchases between April 2025 and the second quarter of fiscal 2027. In Q2 alone, the company repurchased approximately 4.2 million shares via open market at $15.41 per share ($65 million) and completed an accelerated share repurchase of approximately 6.0 million shares at $16.57 per share ($100 million). These recent repurchases reduced shares outstanding from 115.3 million to approximately 104.9 million basic shares.

How does this authorization compare to nCino's market capitalization?

At the Q2 closing stock price of $15.41 per share and 104.9 million basic shares outstanding, nCino's market cap was approximately $1.62 billion. The $100 million authorization therefore represents roughly 6% of market capitalization at that price—a material but not extraordinary allocation for a profitable software-as-a-service company with positive free cash flow.

What execution methods can nCino use for these repurchases?

The company may repurchase shares through open-market purchases under Rule 10b-18, block trades, privately negotiated transactions, accelerated share repurchase (ASR) agreements, or 10b5-1 trading plans. This flexibility mirrors the diverse execution strategy already employed—the company executed both a $100 million ASR and open-market purchases in Q2 alone.

What funding sources will nCino use for these repurchases?

The company stated it expects to fund the program from existing cash and cash equivalents ($83.6 million as of July 31, 2026), available credit facility capacity ($275.4 million outstanding with additional capacity available), and future cash flows. No specific funding mechanism or timeline was designated in the authorization.

Is nCino obligated to complete these repurchases?

No. The authorization contains no minimum repurchase commitment. The program has no time limit, and the Board may modify, suspend, or terminate it at any time without notice. Actual execution will depend on capital availability, market conditions, business opportunities, and management discretion.

Why did nCino announce this repurchase program after strong Q2 earnings?

Per CFO Greg Orenstein, the authorization reflects 'continued confidence in our AI innovation and product strategy, market position, operational execution, and trajectory of free cash flow.' The company delivered strong Q2 results—revenue up 8% year-over-year, GAAP operating margin up 1,500 basis points to 8%, and free cash flow up 170% to $34 million—signaling both financial strength and management conviction.

NCNO 8-K Filed 2026-08-25 New authorization

nCino authorizes new $100M share repurchase program

Company announces additional buyback authorization after executing $300M in repurchases since April 2025

Authorization$100M

MechanismOpen-market purchases, block t

What the filing says

nCino, Inc. (NASDAQ: NCNO) announced that its Board of Directors has authorized a new Stock Repurchase Program under which the company may repurchase up to $100 million of its outstanding common stock. This authorization was disclosed in the company's earnings announcement for the second quarter of fiscal year 2027, ended July 31, 2026.

The new $100 million authorization follows the company's execution of $300 million in stock repurchases since April 2025, including significant activity in the current quarter. In Q2 FY2027, nCino repurchased approximately 4.2 million shares via open-market purchases at an average price of $15.41 per share for $65 million, and finalized an accelerated share repurchase (ASR) program announced on March 31, 2026, under which it repurchased approximately 6.0 million shares at an average price of $16.57 per share for $100 million.

Under the new repurchase program, the company may execute repurchases through open-market purchases, block trades, privately negotiated transactions, accelerated stock repurchase transactions, or Rule 10b5-1 plans. The company stated it expects to fund the repurchase program from existing cash and cash equivalents, credit facility capacity, and/or future cash flows. The program has no time limit and may be modified, suspended, or discontinued at any time without notice at the Board's discretion.

nCino's Board of Directors has authorized an additional $100 million share repurchase program. Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. — nCino, Inc. 8-K filing · View on SEC EDGAR →

What this means

This $100 million authorization represents nCino's confidence in its financial trajectory and strategic position, coming after the company executed $300 million in repurchases over 16 months. The timing reflects strong operational execution—Q2 saw 8% year-over-year revenue growth, 1,500 basis points of GAAP operating margin expansion, and free cash flow nearly doubling to $34 million. With $83.6 million in cash on hand and $275.4 million available under its credit facility as of July 31, 2026, the company has stated it can fund repurchases from multiple sources. The authorization provides capital-allocation flexibility but carries no minimum commitment and may be suspended or terminated at management discretion.

Frequently asked questions

What was nCino's prior repurchase activity before this new authorization?: nCino executed $300 million in repurchases between April 2025 and the second quarter of fiscal 2027. In Q2 alone, the company repurchased approximately 4.2 million shares via open market at $15.41 per share ($65 million) and completed an accelerated share repurchase of approximately 6.0 million shares at $16.57 per share ($100 million). These recent repurchases reduced shares outstanding from 115.3 million to approximately 104.9 million basic shares.
How does this authorization compare to nCino's market capitalization?: At the Q2 closing stock price of $15.41 per share and 104.9 million basic shares outstanding, nCino's market cap was approximately $1.62 billion. The $100 million authorization therefore represents roughly 6% of market capitalization at that price—a material but not extraordinary allocation for a profitable software-as-a-service company with positive free cash flow.
What execution methods can nCino use for these repurchases?: The company may repurchase shares through open-market purchases under Rule 10b-18, block trades, privately negotiated transactions, accelerated share repurchase (ASR) agreements, or 10b5-1 trading plans. This flexibility mirrors the diverse execution strategy already employed—the company executed both a $100 million ASR and open-market purchases in Q2 alone.
What funding sources will nCino use for these repurchases?: The company stated it expects to fund the program from existing cash and cash equivalents ($83.6 million as of July 31, 2026), available credit facility capacity ($275.4 million outstanding with additional capacity available), and future cash flows. No specific funding mechanism or timeline was designated in the authorization.
Is nCino obligated to complete these repurchases?: No. The authorization contains no minimum repurchase commitment. The program has no time limit, and the Board may modify, suspend, or terminate it at any time without notice. Actual execution will depend on capital availability, market conditions, business opportunities, and management discretion.
Why did nCino announce this repurchase program after strong Q2 earnings?: Per CFO Greg Orenstein, the authorization reflects 'continued confidence in our AI innovation and product strategy, market position, operational execution, and trajectory of free cash flow.' The company delivered strong Q2 results—revenue up 8% year-over-year, GAAP operating margin up 1,500 basis points to 8%, and free cash flow up 170% to $34 million—signaling both financial strength and management conviction.

authorization ncino asr rule-10b-18 saas execution 10b5-1

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.