NTSK Nasdaq Services-Prepackaged Software Financials FY2024βFY2026
Netskope Inc had $709M of revenue in fiscal 2026, up 31.7% on the year before.
Last close Β· Oct 23, 2026
$24.28
9.4%Hi! I read Netskope Incβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+31.7%
Yes. Sales grew 31.7% last year.
Does it make a profit?
β95.8%
No. It lost money last year.
Does profit turn into cash?
2.1%
Partly. 2.1% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Netskope Inc had $709M of revenue in fiscal 2026, up 31.7% on the year before. Its operating margin was β92.0%, down 44.5Β pts: of every 100 in sales, about β92 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Netskope Inc lost $679M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $15.2M in fiscal 2026, 2.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Netskope Inc returned $0.6M to shareholders in fiscal 2026, 4% of free cash flow. The diluted share count rose 119.3%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $22.0M and sold $51.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$22.0M
2 insiders
Sold, 12 months
$51.2M
7 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | Lightspeed SPV II-B, LLC10% owner | Sold | 10,621 | $14.90 | $0.2M | Form 4 |
| Jul 13, 2026 | William J.G. GriffithDirector, 10% owner | Bought | 64,771 | $12.42 | $0.8M | Form 4 |
| Jul 13, 2026 | Divesh Makan10% owner | Bought | 64,771 | $12.42 | $0.8M | Form 4 |
| Jul 10, 2026 | William J.G. GriffithDirector, 10% owner | Bought | 241,628 | $12.26 | $3.0M | Form 4 |
| Jul 10, 2026 | Divesh Makan10% owner | Bought | 241,628 | $12.26 | $3.0M | Form 4 |
| Jul 9, 2026 | Lightspeed Ultimate General Partner XII, Ltd.10% owner | Sold | 219,075 | $12.23 | $2.7M | Form 4 |
| Jul 8, 2026 | Lightspeed Ultimate General Partner XII, Ltd.10% owner | Sold | 10,621 | $11.70 | $0.1M | Form 4 |
| Jul 8, 2026 | William J.G. GriffithDirector, 10% owner | Bought | 610,291 | $11.82 | $7.2M | Form 4 |
| Jul 8, 2026 | Divesh Makan10% owner | Bought | 610,291 | $11.82 | $7.2M | Form 4 |
| Jun 15, 2026 | Lightspeed General Partner XII, L.P.10% owner | Sold | 336,173 | $9.00 | $3.0M | Form 4 |
| Jun 15, 2026 | Arif JanmohamedDirector | Sold | 336,173 | $9.00 | $3.0M | Form 4 |
| Jun 12, 2026 | Lightspeed General Partner XII, L.P.10% owner | Sold | 1,313,827 | $9.19 | $12.1M | Form 4 |
| Jun 12, 2026 | Arif JanmohamedDirector | Sold | 1,313,827 | $9.19 | $12.1M | Form 4 |
| Jan 12, 2026 | Raphael BousquetChief Revenue Offucer | Sold | 3,823 | $16.66 | $0.1M | Form 4 |
| Jan 9, 2026 | Raphael BousquetChief Revenue Offucer | Sold | 3,192 | $16.38 | $0.1M | Form 4 |
| Jan 8, 2026 | Raphael BousquetChief Revenue Offucer | Sold | 3,224 | $16.97 | $0.1M | Form 4 |
| Jan 7, 2026 | Sanjay BeriCEO and Chairman, Director | Sold | 31,594 | $17.58 | $0.6M | Form 4 |
| Jan 6, 2026 | Sanjay BeriCEO and Chairman, Director | Sold | 178,482 | $17.13 | $3.1M | Form 4 |
| Jan 6, 2026 | Andrew H Del MattoChief Financial Officer | Sold | 49,875 | $17.16 | $0.9M | Form 4 |
| Jan 5, 2026 | Sanjay BeriCEO and Chairman, Director | Sold | 175,707 | $17.33 | $3.0M | Form 4 |
| Jan 5, 2026 | Andrew H Del MattoChief Financial Officer | Sold | 38,616 | $17.34 | $0.7M | Form 4 |
| Jan 2, 2026 | Sanjay BeriCEO and Chairman, Director | Sold | 346,061 | $16.91 | $5.9M | Form 4 |
| Jan 2, 2026 | Andrew H Del MattoChief Financial Officer | Sold | 77,207 | $16.92 | $1.3M | Form 4 |
| Dec 31, 2025 | Andrew H Del MattoChief Financial Officer | Sold | 33,387 | $17.67 | $0.6M | Form 4 |
| Dec 31, 2025 | Sanjay BeriCEO and Chairman, Director | Sold | 108,553 | $17.67 | $1.9M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Netskope Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash and short-term investments | β | $247M | $1.2B |
| Current ratio | β | 1.0x | 2.1x |
| Quick ratio | β | 1.0x | 2.1x |
| Total assets | β | $859M | $1.8B |
| Total liabilities | β | $1.3B | $1.6B |
| Shareholders' equity | β$257M | β$486M | $195M |
| Net debt (β = net cash) | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Netskope Inc passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 3 | β / 5 | 5 / 8 |
| Accruals ratio | β | β28.4% | β54.5% |
| Altman Z'' | β | β9.77 | β4.34 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Income statement | |||
| Revenue | $407M | $538M | $709M |
| Gross profit | $243M | $348M | $483M |
| Research and development | $224M | $254M | $509M |
| Operating income | β$313M | β$256M | β$653M |
| Pretax income | β$338M | β$350M | β$668M |
| Income tax | $6.8M | $4.2M | $11.3M |
| Net income | β$345M | β$355M | β$679M |
| Diluted EPS | β$3.77 | β$3.64 | β$3.18 |
| Diluted shares | 0.09B | 0.10B | 0.21B |
| Cash flow | |||
| Cash from operations | β$167M | β$111M | $38.1M |
| Capital expenditure | $30.6M | $33.7M | $22.9M |
| Free cash flow | β$198M | β$144M | $15.2M |
| Depreciation and amortization | $28.2M | $31.7M | $30.1M |
| Stock-based compensation | $61.0M | $50.8M | $516M |
| Acquisitions | $13.6M | $2.5M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.6M |
| Dividends and buybacks | $0.0M | $0.0M | $0.6M |
| Balance sheet | |||
| Cash and short-term investments | β | $247M | $1.2B |
| Current assets | β | $528M | $1.4B |
| Current liabilities | β | $527M | $682M |
| Inventory | β | $5.8M | $4.9M |
| Property and equipment, net | β | $99.5M | $93.9M |
| Goodwill | $57.2M | $61.1M | $61.1M |
| Intangible assets | β | $37.2M | $21.4M |
| Total assets | β | $859M | $1.8B |
| Total liabilities | β | $1.3B | $1.6B |
| Shareholders' equity | β$257M | β$486M | $195M |
| Margins | |||
| Gross margin | 59.8% | 64.6% | 68.1% |
| Operating margin | β76.9% | β47.5% | β92.0% |
| EBITDA margin | β69.9% | β41.6% | β87.8% |
| Net margin | β84.8% | β65.9% | β95.8% |
| FCF margin | β48.6% | β26.8% | 2.1% |
| Returns | |||
| Return on capital employed | β | β77.1% | β59.8% |
| Return on assets | β | β41.3% | β51.6% |
| Return on tangible equity | β | β | β606.4% |
| Growth | |||
| Revenue growth | β | 32.3% | 31.7% |
| Share count change | β | 6.7% | 119.3% |
| Financial health | |||
| Current ratio | β | 1.0x | 2.1x |
| Quick ratio | β | 1.0x | 2.1x |
| Capital allocation | |||
| Capex / revenue | 7.5% | 6.3% | 3.2% |
| Stock comp / revenue | 15.0% | 9.4% | 72.8% |
| Payouts / FCF | β | β | 3.7% |
| Quality scores | |||
| Piotroski F-score | β | β | 5.0 |
| Altman Z'' | β | β9.8 | β4.3 |
| Accruals ratio | β | β28.4% | β54.5% |
Source: SEC EDGAR XBRL filings (CIK 0002063196). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
