Netskope, Inc. (NTSK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NTSK SEC filings page.
Netskope, Inc. (NTSK) reported $802.6M in revenue over the twelve months to Jul 31, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Netskope's business is scaling gross profit while sharply increasing operating investment and relying on financing to reshape its balance sheet
Earnings and cash have separated materially: FY2026 net loss was-$679M , but operating cash flow was$38.1M , indicating that reported losses did not translate one-for-one into cash use. Free cash flow was$15.2M even as financing cash flow reached$895.4M , so balance-sheet strengthening coincided with substantial financing activity rather than operating profitability.
Gross margin widened from
The current ratio improved from 1.0x in FY2025 to 2.1x in FY2026, indicating greater short-term asset coverage. Equity shifted from
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Netskope, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Netskope, Inc. held $1.2B in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations generated $38.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Netskope, Inc. scores 85/100 among other emerging companies.
Not available for Netskope, Inc., and counted as zero in the overall score.
Netskope, Inc. spent $509.0M on research and development in fiscal year 2026, which was 37.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Netskope, Inc. scores 68/100 among other emerging companies.
Netskope, Inc. reported revenue of $709.0M in fiscal year 2026, against $538.3M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Netskope, Inc. scores 73/100 among other emerging companies.
Netskope, Inc.'s operations generated $38.1M of cash in fiscal year 2026, against $110.7M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Netskope, Inc. scores 91/100 among other emerging companies.
Netskope, Inc.'s cash, cash equivalents and investments came to $1.2B at the end of fiscal year 2026, against $1.6B of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Netskope, Inc. scores 51/100 among other emerging companies.
Netskope, Inc. scores -0.03, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.2B) relative to total liabilities ($1.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Netskope, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Netskope, Inc. reported a net loss of $679.4M while generating $38.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Netskope, Inc. generated $220.5M in revenue in Q2 2027. This represents an increase of 29.2% from the same quarter a year earlier. Against the prior quarter it is up 9.4%.
Netskope, Inc.'s EBITDA was -$81.9M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 112.4% from the same quarter a year earlier. Against the prior quarter it is up 19.0%.
Netskope, Inc. reported -$110.8M in net income in Q2 2027. This represents a decrease of 22.7% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.
Netskope, Inc. earned -$0.27 per diluted share (EPS) in Q2 2027. Against the prior quarter it is up 6.9%.
Cash & Balance Sheet
Netskope, Inc. recorded an outflow of $29.5M in free cash flow in Q2 2027, representing a cash shortfall after capex. This represents a decrease of 59.6% from the same quarter a year earlier. Against the prior quarter it is up 47.3%.
Netskope, Inc. held $220.9M in cash as of Q2 2027; long-term debt is not reported for that period.
Not reported for Q2 2027.
Margins & Returns
Netskope, Inc.'s gross margin was 73.9% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Netskope, Inc.'s operating margin was -40.7% in Q2 2027, reflecting core business profitability. This is down 13.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.2 percentage points.
Netskope, Inc.'s net profit margin was -50.2% in Q2 2027, showing the share of revenue converted to profit. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.5 percentage points.
Netskope, Inc.'s ROE was -70.7% in Q2 2027, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 4.3 percentage points.
Capital Allocation
Netskope, Inc. invested $101.8M in research and development in Q2 2027. This represents an increase of 39.7% from the same quarter a year earlier. Against the prior quarter it is down 3.7%.
Netskope, Inc. invested $13.0M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 698.7% from the same quarter a year earlier. Against the prior quarter it is up 502.3%.
Not reported for Q2 2027.
NTSK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $220.5M+29.2% | $201.6M+27.8% | $196.3M | $184.2M+32.9% | $170.8M | $157.7M | N/A | $138.5M |
| Cost of Revenue | $57.5M+21.1% | $53.3M+10.6% | $53.1M | $77.5M+65.8% | $47.5M | $48.2M | N/A | $46.8M |
| Gross Profit | $163.0M+32.3% | $148.3M+35.4% | $143.3M | $106.6M+16.2% | $123.2M | $109.5M | N/A | $91.8M |
| R&D Expenses | $101.8M+39.7% | $105.7M+55.7% | $105.6M | $262.7M+321.0% | $72.9M | $67.9M | N/A | $62.4M |
| SG&A Expenses | $45.1M+146.5% | $45.6M+158.9% | $55.5M | $141.0M+709.0% | $18.3M | $17.6M | N/A | $17.4M |
| Operating Income | -$89.8M-95.4% | -$108.7M-139.7% | -$114.3M | -$447.0M-730.3% | -$46.0M | -$45.4M | N/A | -$53.8M |
| EBITDA | -$81.9M-112.4% | -$101.1M-165.7% | -$106.5M | -$439.4M-856.5% | -$38.6M | -$38.1M | N/A | -$45.9M |
| Income Tax | $3.1M+25.5% | $3.1M+24.5% | $3.3M | $3.1M+708.5% | $2.5M | $2.5M | N/A | -$505K |
| Net Income | -$110.8M-22.7% | -$116.5M-47.0% | -$56.8M | -$453.1M-540.5% | -$90.3M+19.1% | -$79.2M+16.7% | N/A | -$70.7M |
| EPS (Basic) | -$0.27+67.9% | -$0.29+61.8% | $0.89+218.7% | -$1.85-156.9% | -$0.84 | -$0.76 | -$0.75 | -$0.72 |
| EPS (Diluted) | -$0.27 | -$0.29 | $0.89+218.7% | -$1.85 | -$0.84 | -$0.76 | -$0.75 | -$0.72 |
| Diluted Shares (Avg) | 405M | 400M | N/A | 245M | 108M | 105M | N/A | 98M |
Not reported in any period shown, so not listed: Interest Expense.
NTSK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B | $1.7B | $1.8B+106.4% | $1.7B | N/A | N/A | $858.5M | N/A |
| Current Assets | $1.4B | $1.4B | $1.4B+174.2% | $1.4B | N/A | N/A | $528.4M | N/A |
| Cash & Equivalents | $220.9M | $205.8M | $432.6M+160.6% | $984.7M | N/A | N/A | $166.0M | N/A |
| Short-Term Investments | $846.5M | $897.3M | $725.6M+799.4% | $168.3M | N/A | N/A | $80.7M | N/A |
| Inventory | $4.8M | $5.2M | $4.9M-14.9% | $5.4M | N/A | N/A | $5.8M | N/A |
| Accounts Receivable | $188.0M | $136.1M | $158.3M-18.9% | $131.5M | N/A | N/A | $195.1M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | N/A | N/A | $0 | N/A |
| Goodwill | $61.1M | $61.1M | $61.1M0.0% | $61.1M | N/A | N/A | $61.1M | N/A |
| Total Liabilities | $1.6B | $1.5B | $1.6B+17.4% | $1.6B | N/A | N/A | $1.3B | N/A |
| Current Liabilities | $689.4M | $632.3M | $681.5M+29.4% | $603.0M | N/A | N/A | $526.7M | N/A |
| Non-Current Liabilities | $866.1M | $883.2M | $896.2M+9.6% | $961.0M | N/A | N/A | $817.4M | N/A |
| Total Equity | $156.8M+125.6% | $175.5M+133.3% | $194.5M+140.1% | $151.0M+134.1% | -$612.1M-46.4% | -$526.5M-58.4% | -$485.6M | -$443.1M |
| Retained Earnings | -$2.9B | -$2.7B | -$2.6B-34.8% | -$2.6B | N/A | N/A | -$1.9B | N/A |
Not reported in any period shown, so not listed: Long-Term Debt.
NTSK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$16.5M+2.0% | -$53.9M-310.7% | $18.1M+196.1% | $11.2M | -$16.9M | $25.6M | $6.1M | N/A |
| Depreciation & Amortization | $7.9M+6.8% | $7.6M+4.1% | $7.7M0.0% | $7.6M-3.8% | $7.4M | $7.3M | $7.7M | $7.9M |
| Stock-Based Compensation | $63.0M+734.0% | $76.0M+653.4% | N/A | $410.5M+3233.6% | $7.6M | $10.1M | N/A | $12.3M |
| Capital Expenditures | $13.0M+698.7% | $2.2M-70.9% | $13.4M+961.8% | $525K | $1.6M | $7.4M | $1.3M | N/A |
| Free Cash Flow | -$29.5M-59.6% | -$56.1M-408.4% | $4.8M-2.0% | $10.7M | -$18.5M | $18.2M | $4.9M | N/A |
| Investing Cash Flow | $36.8M+2027.0% | -$177.2M-923.5% | -$568.2M-1445.2% | -$118.2M | -$1.9M | $21.5M | -$36.8M | N/A |
| Financing Cash Flow | -$5.3M-145.0% | $3.5M-26.8% | -$2.0M-115.4% | $880.9M | $11.7M | $4.7M | $12.8M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NTSK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.9%+1.7pp | 73.5%+4.1pp | 73.0% | 57.9%-8.3pp | 72.2% | 69.4% | N/A | 66.2% |
| Operating Margin | -40.7%-13.8pp | -53.9%-25.2pp | -58.2% | -242.7% | -26.9% | -28.8% | N/A | -38.9% |
| Net Margin | -50.2%+2.6pp | -57.8%-7.6pp | -28.9% | -246.0% | -52.9% | -50.2% | N/A | -51.1% |
| Return on Equity | -70.7% | -66.4% | -29.2% | -300.0% | N/A | N/A | N/A | N/A |
| Return on Assets | -6.5% | -6.9% | -3.2% | -26.4% | N/A | N/A | N/A | N/A |
| Current Ratio | 2.01 | 2.17 | 2.13+1.1x | 2.32 | N/A | N/A | 1.00 | N/A |
| Debt-to-Equity | 9.92 | 8.63 | 8.11 | 10.36 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.13 | 0.12 | 0.11 | 0.11 | N/A | N/A | N/A | N/A |
| FCF Margin | -13.4%-2.6pp | -27.8%-39.3pp | 2.4% | 5.8% | -10.8% | 11.5% | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Where Netskope, Inc. Ranks
Frequently Asked Questions
What is Netskope, Inc.'s annual revenue?
Netskope, Inc. (NTSK) reported $709.0M in total revenue for fiscal year 2026. This represents a 31.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Netskope, Inc.'s revenue growing?
Netskope, Inc. (NTSK) revenue grew by 31.7% year-over-year, from $538.3M to $709.0M in fiscal year 2026.
Is Netskope, Inc. profitable?
No, Netskope, Inc. (NTSK) reported a net income of -$679.4M in fiscal year 2026, with a net profit margin of -95.8%.
What is Netskope, Inc.'s EBITDA?
Netskope, Inc. (NTSK) had EBITDA of -$622.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Netskope, Inc.'s gross margin?
Netskope, Inc. (NTSK) had a gross margin of 68.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Netskope, Inc.'s operating margin?
Netskope, Inc. (NTSK) had an operating margin of -92.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Netskope, Inc.'s net profit margin?
Netskope, Inc. (NTSK) had a net profit margin of -95.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Netskope, Inc.'s return on equity (ROE)?
Netskope, Inc. (NTSK) has a return on equity of -349.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Netskope, Inc.'s free cash flow?
Netskope, Inc. (NTSK) generated $15.2M in free cash flow during fiscal year 2026. This represents a 110.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Netskope, Inc.'s operating cash flow?
Netskope, Inc. (NTSK) generated $38.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Netskope, Inc.'s total assets?
Netskope, Inc. (NTSK) had $1.8B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Netskope, Inc.'s capital expenditures?
Netskope, Inc. (NTSK) invested $22.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Netskope, Inc. spend on research and development?
Netskope, Inc. (NTSK) invested $509.0M in research and development during fiscal year 2026.
What is Netskope, Inc.'s current ratio?
Netskope, Inc. (NTSK) had a current ratio of 2.13 as of fiscal year 2026, which is generally considered healthy.
What is Netskope, Inc.'s debt-to-equity ratio?
Netskope, Inc. (NTSK) had a debt-to-equity ratio of 8.11 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Netskope, Inc.'s return on assets (ROA)?
Netskope, Inc. (NTSK) had a return on assets of -38.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Netskope, Inc.'s P/E ratio?
Netskope, Inc. (NTSK) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to July 31, 2026). The market capitalization is $6.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Netskope, Inc.'s price-to-sales ratio?
Netskope, Inc. (NTSK) trades at 7.7x sales, its market capitalization divided by revenue of $802.6M revenue, trailing 12 months to July 31, 2026. The market capitalization is $6.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Netskope, Inc.'s Altman Z-Score?
Netskope, Inc. (NTSK) has an Altman Z-Score of -0.03, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Netskope, Inc.'s Piotroski F-Score?
Netskope, Inc. (NTSK) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Netskope, Inc.'s earnings high quality?
Netskope, Inc. (NTSK) reported a net loss of $679.4M while generating $38.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Netskope, Inc.?
Netskope, Inc. (NTSK) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.