nCino (NCNO) stock is experiencing a significant pre-market plunge of 31.05% on Wednesday following the cloud-banking company's disappointing fourth-quarter results and underwhelming fiscal 2026 outlook. The company's earnings report, released after market close on Tuesday, revealed a notable miss on both the top and bottom lines, sparking concern among investors.

For the fourth quarter ended January 31, 2025, nCino reported non-GAAP earnings of $0.12 per share, falling short of analysts' expectations of $0.19 and marking a decline from $0.21 in the same period last year. While revenue grew to $141.4 million from $123.7 million a year earlier, it only marginally beat the consensus estimate of $140.9 million. The company's operating expenses also increased, with general and administrative costs and sales and marketing expenses both showing year-over-year growth.

Adding to investor concerns, nCino's guidance for both the upcoming first quarter and fiscal year 2026 came in below Wall Street estimates. The company expects fiscal Q1 non-GAAP EPS of $0.15 to $0.16 on revenue of $138.8 million to $140.8 million, compared to analyst projections of $0.21 EPS on $145.2 million in revenue. For the full fiscal year 2026, nCino forecasts non-GAAP EPS of $0.66 to $0.69 on revenue of $574.5 million to $578.5 million, significantly below the consensus estimates of $0.88 EPS on $612.1 million in revenue. In an effort to bolster investor confidence, the company's board has approved a $100 million stock buyback program.