cust.co / Compare / nCino vs Morningstar

nCino vs Morningstar - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

nCino leads by +11pp on latest NRR (112% vs 101%).

NRR over time

97%106%114%122%131% FY2024-Q4FY-2025FY2025-Q4FY2026-Q3FY2026-Q4FY-2026FY-2021 NRR nCino Morningstar nCino - FY2024-Q4: 106% nCino - FY-2025: 106% nCino - FY2025-Q4: 106% nCino - FY2026-Q3: 116% nCino - FY2026-Q4: 112% nCino - FY-2026: 112% Morningstar - FY-2025: 101% Morningstar - FY-2021: 127%

Morningstar hit a higher all-time peak (127% in FY-2021).

Stat-by-stat

Metric nCino Morningstar
Latest NRR 112% 101%
All-time peak NRR 116% 127%
All-time low NRR 106% 101%
QoQ change +0pp -26pp
YoY change +6pp -
3-year change - -
Disclosures tracked 6 2

Customer cohorts

MetricnCinoMorningstar
Total customers 1,500 100,000
Over $100K ARR 549 -
Over $1M ARR 105 -
Top-10 concentration - -
Average ACV - -
US revenue mix 77.4% 71.8%

Commercial structure

MetricnCinoMorningstar
Total RPO $1.4B $1.5B
Current RPO (12mo) $797M $1.1B
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 89.1% 70.3%
New customers added 6 3,100

Post-sales motion

MetricnCinoMorningstar
CS team size - 900
Customers per CSM - -
Pricing model hybrid subscription
Renewal cadence multi-year annual
CSM coverage model hybrid hybrid
Top customer exec Joaquin De Valenzuela Danny Dunn

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