NASDAQ : NTSK
Netskope, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 24.3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.93B
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Financial statements
Netskope, Inc. (NTSK) reported revenue of 802.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Revenue | 802.64M | 709.00M | 538.27M | 406.88M |
| Cost of Revenue | 241.45M | 226.33M | 190.37M | 163.63M |
| Gross Profit | 561.18M | 482.67M | 347.90M | 243.25M |
| Selling, General & Admin | 744.02M | 626.22M | 348.99M | 329.50M |
| Research & Development | 573.46M | 509.03M | 254.19M | 224.50M |
| Operating Expenses | 1.32B | 1.14B | 603.18M | 553.99M |
| Operating Income | -756.29M | -652.58M | -255.28M | -310.74M |
| Interest Expense | -19.20M | -18.80M | -16.70M | -15.30M |
| Other Non Operating Income (Expenses) | 12.38M | -54.00K | -79.86M | -19.35M |
| EBT Excluding Unusual Items | -763.12M | -671.43M | -351.84M | -345.39M |
| Merger & Restructuring Charges | -3.50M | -459.00K | -800.00K | |
| Gain (Loss) on Sale of Investments | 3.38M | 3.38M | 2.03M | 9.38M |
| Asset Writedown | -1.26M | |||
| Pretax Income | -724.59M | -668.05M | -350.27M | -338.07M |
| Income Tax Expense | 12.57M | 11.34M | 4.24M | 6.78M |
| Net Income | -737.16M | -679.39M | -354.51M | -344.85M |
| Net Income to Common | -737.16M | -679.39M | -354.51M | -344.85M |
| Shares Outstanding (Basic) | 362.08M | 213.90M | 97.52M | 91.39M |
| Shares Outstanding (Diluted) | 362.08M | 213.90M | 97.52M | 91.39M |
| EPS (Basic) | -2.04 | -3.18 | -3.64 | -3.77 |
| EPS (Diluted) | -2.04 | -3.18 | -3.64 | -3.77 |
| Free Cash Flow | -70.14M | 15.15M | -144.37M | -197.78M |
| Free Cash Flow Per Share | -0.19 | 0.07 | -1.48 | -2.16 |
| Gross Margin | 69.92% | 68.08% | 64.63% | 59.78% |
| Operating Margin | -94.23% | -92.04% | -47.43% | -76.37% |
| Profit Margin | -91.84% | -95.82% | -65.86% | -84.75% |
| Free Cash Flow Margin | -8.74% | 2.14% | -26.82% | -48.61% |
| EBITDA | -720.74M | -612.18M | -208.44M | -263.39M |
| EBITDA Margin | -89.80% | -86.34% | -38.72% | -64.73% |
| D&A For EBITDA | 35.55M | 40.40M | 46.84M | 47.35M |
| EBIT | -756.29M | -652.58M | -255.28M | -310.74M |
| EBIT Margin | -94.23% | -92.04% | -47.43% | -76.37% |
| Advertising Expenses | 6.00M | 4.50M | 4.10M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Cash & Equivalents | 220.85M | 432.58M | 166.01M | 163.05M |
| Short-Term Investments | 846.51M | 725.60M | 80.68M | 123.91M |
| Cash & Short-Term Investments | 1.07B | 1.16B | 246.69M | 286.96M |
| Receivables | 187.97M | 158.28M | 195.10M | 113.95M |
| Inventory | 4.84M | 4.90M | 5.76M | 7.31M |
| Prepaid Expenses | 67.72M | 39.39M | 29.95M | 31.07M |
| Other Current Assets | 58.39M | 88.21M | 50.90M | 40.84M |
| Total Current Assets | 1.39B | 1.45B | 528.40M | 480.13M |
| Property, Plant & Equipment | 129.08M | 125.97M | 134.05M | 127.44M |
| Goodwill | 61.08M | 61.08M | 61.08M | 57.18M |
| Other Intangible Assets | 18.56M | 21.40M | 37.24M | 36.53M |
| Long-Term Deferred Charges | 106.04M | 100.80M | 78.81M | 64.99M |
| Other Long-Term Assets | 11.17M | 14.07M | 18.92M | 7.51M |
| Total Assets | 1.71B | 1.77B | 858.51M | 773.79M |
| Accounts Payable | 25.93M | 14.44M | 2.65M | 7.53M |
| Accrued Expenses | 95.21M | 112.87M | 75.56M | 62.42M |
| Current Portion of Leases | 10.23M | 10.77M | 10.27M | 11.32M |
| Current Income Taxes Payable | 8.29M | 5.56M | 2.66M | |
| Current Unearned Revenue | 546.46M | 532.73M | 430.16M | 335.35M |
| Other Current Liabilities | 11.52M | 2.43M | 2.51M | 8.28M |
| Total Current Liabilities | 689.35M | 681.53M | 526.71M | 427.56M |
| Long-Term Debt | 698.12M | 720.96M | 626.62M | 472.50M |
| Long-Term Leases | 23.89M | 23.42M | 25.81M | 24.68M |
| Long-Term Unearned Revenue | 124.21M | 143.13M | 160.15M | 101.58M |
| Other Long-Term Liabilities | 19.86M | 8.72M | 4.81M | 4.29M |
| Total Liabilities | 1.56B | 1.58B | 1.34B | 1.03B |
| Common Stock | 41.00K | 40.00K | 10.00K | 9.00K |
| Additional Paid-In Capital | 3.02B | 2.89B | 418.79M | 312.44M |
| Retained Earnings | -2.86B | -2.63B | -1.95B | -1.60B |
| Comprehensive Income & Other | -8.59M | -64.81M | -5.44M | -24.83M |
| Total Common Equity | 156.79M | 194.53M | -1.54B | -1.31B |
| Shareholders' Equity | 156.79M | 194.53M | -485.59M | -256.82M |
| Total Liabilities & Equity | 1.71B | 1.77B | 858.51M | 773.79M |
| Total Debt | 732.23M | 755.15M | 662.70M | 508.50M |
| Net Cash (Debt) | 335.13M | 403.03M | -416.01M | -221.54M |
| Net Cash Per Share | 0.93 | 1.88 | -4.27 | -2.42 |
| Filing Date Shares Outstanding | 408.59M | 400.31M | 104.59M | 91.39M |
| Total Common Shares Outstanding | 407.97M | 398.38M | 104.59M | 91.39M |
| Working Capital | 696.93M | 767.43M | 1.70M | 52.57M |
| Book Value Per Share | 0.38 | 0.49 | -14.69 | -14.30 |
| Tangible Book Value | 77.14M | 112.05M | -1.63B | -1.40B |
| Tangible Book Value Per Share | 0.19 | 0.28 | -15.63 | -15.33 |
| Machinery | 239.32M | 224.09M | 202.84M | 168.91M |
| Leasehold Improvements | 4.53M | 4.51M | 4.49M | 3.69M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Net Income | -737.16M | -679.39M | -354.51M | -344.85M |
| Depreciation & Amortization | 35.55M | 40.40M | 46.84M | 47.35M |
| Other Amortization | 66.31M | 59.71M | 49.97M | 36.43M |
| Loss (Gain) From Sale of Investments | -7.66M | -3.38M | -2.03M | -9.38M |
| Stock-Based Compensation | 637.55M | 516.19M | 50.83M | 60.99M |
| Other Operating Activities | 8.43M | 46.33M | 108.68M | 47.57M |
| Change in Accounts Receivable | -40.66M | 36.82M | -81.13M | -8.19M |
| Change in Inventory | 476.00K | 529.00K | 686.00K | -5.60M |
| Change in Accounts Payable | 16.93M | 11.35M | -4.08M | -7.04M |
| Change in Unearned Revenue | 64.30M | 85.55M | 152.94M | 83.70M |
| Change in Other Net Operating Assets | -85.14M | -76.05M | -78.88M | -68.13M |
| Operating Cash Flow | -41.09M | 38.07M | -110.68M | -167.17M |
| Capital Expenditures | -29.04M | -22.92M | -33.70M | -30.61M |
| Sale of Property, Plant & Equipment | 30.00K | 18.00K | ||
| Cash Acquisitions | -2.51M | -13.58M | ||
| Sale (Purchase) of Intangibles | -4.56M | -2.78M | -6.73M | -10.54M |
| Investment in Securities | -793.23M | -641.17M | 45.14M | 231.66M |
| Investing Cash Flow | -826.83M | -666.87M | 2.24M | 176.95M |
| Long-Term Debt Issued | 74.36M | |||
| Net Debt Issued (Repaid) | 74.36M | |||
| Issuance of Common Stock | 1.03B | 1.03B | 35.65M | 10.22M |
| Repurchase of Common Stock | -188.29M | -159.89M | ||
| Other Financing Activities | 31.59M | 27.79M | -143.00K | -3.93M |
| Financing Cash Flow | 877.07M | 895.37M | 109.86M | 6.29M |
| Net Cash Flow | 9.15M | 266.57M | 1.43M | 16.07M |
| Free Cash Flow | -70.14M | 15.15M | -144.37M | -197.78M |
| Free Cash Flow Margin | -8.74% | 2.14% | -26.82% | -48.61% |
| Free Cash Flow Per Share | -0.19 | 0.07 | -1.48 | -2.16 |
| Levered Free Cash Flow | 284.92M | 316.24M | -51.11M | |
| Unlevered Free Cash Flow | 296.92M | 327.99M | -40.67M | |
| Cash Interest Paid | 5.00K | 3.00K | ||
| Cash Income Tax Paid | 10.57M | 10.57M | 6.63M | 7.90M |
| Change in Working Capital | -44.11M | 58.21M | -10.47M | -5.27M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Market Capitalization | 9.93B | 5.84B | ||
| Enterprise Value | 9.59B | 5.50B | ||
| Last Close Price | 24.30 | 14.85 | ||
| PS Ratio | 12.37 | 8.24 | ||
| PB Ratio | 63.23 | 30.02 | ||
| P/TBV Ratio | 128.71 | 52.12 | ||
| P/FCF Ratio | 385.39 | |||
| P/OCF Ratio | 153.39 | |||
| EV/Sales Ratio | 11.95 | 7.76 | ||
| EV/FCF Ratio | 363.10 | |||
| Debt / Equity Ratio | 4.67 | 3.88 | -1.36 | -1.98 |
| Debt / FCF Ratio | 49.84 | |||
| Net Debt / Equity Ratio | -2.14 | -2.07 | -0.86 | -0.86 |
| Net Debt / EBITDA Ratio | 0.47 | 0.66 | -2.00 | -0.84 |
| Net Debt / FCF Ratio | 4.78 | -26.60 | -2.88 | -1.12 |
| Asset Turnover | 0.63 | 0.54 | 0.66 | |
| Inventory Turnover | 46.99 | 42.44 | 29.13 | |
| Quick Ratio | 1.82 | 1.93 | 0.84 | 0.94 |
| Current Ratio | 2.01 | 2.13 | 1.00 | 1.12 |
| Return on Assets (ROA) | -37.23% | -31.01% | -19.55% | |
| Return on Capital Employed (ROCE) | -73.90% | -59.80% | -76.90% | -89.80% |
| Earnings Yield | -8.38% | -11.63% | ||
| FCF Yield | -0.71% | 0.26% | ||
| Buyback Yield / Dilution | -250.19% | -119.34% | -6.70% |