Netskope Inc NTSK
We are redefining security and networking for the era of cloud and artificial intelligence ("AI").
The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage—traditional security and networking are now broken.
We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era. Organizations rely on our Netskope One platform to provide profound contextual intelligence into their data and digital interactions, securing them with precision, without sacrificing the digital experience. We leverage our patented technologies to enable dynamic, granular context-aware policies that allow us to protect sensitive data, stop threats, support regulatory compliance, and elevate the digital experience.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $709.0M | $538.3M | $406.9M | — |
| Cost of revenue | $226.3M | $190.4M | $163.6M | — |
| Gross profit | $482.7M | $347.9M | $243.2M | — |
| R&D | $509.0M | $254.2M | $224.5M | — |
| SG&A | $232.5M | $68.6M | $68.5M | — |
| Operating income | -$652.6M | -$255.7M | -$312.8M | — |
| Pre-tax income | -$668.1M | -$350.3M | -$338.1M | — |
| Income tax | $11.3M | $4.2M | $6.8M | — |
| Net income | -$679.4M | -$354.5M | -$344.9M | — |
| EPS, basic | -3.18 | -3.64 | -3.77 | — |
| EPS, diluted | -3.18 | -3.64 | -3.77 | — |
| Shares, diluted (wtd. avg.) | $213.9M | $97.5M | $91.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $432.6M | $166.0M | — | — |
| Short-term investments | $725.6M | $80.7M | — | — |
| Receivables | $158.3M | $195.1M | — | — |
| Inventory | $4.9M | $5.8M | — | — |
| Total current assets | $1.45B | $528.4M | — | — |
| Property, plant and equipment | $93.9M | $99.5M | — | — |
| Goodwill | $61.1M | $61.1M | $57.2M | — |
| Other intangibles | $21.4M | $37.2M | — | — |
| Total assets | $1.77B | $858.5M | — | — |
| Accounts payable | $14.4M | $2.7M | — | — |
| Total current liabilities | $681.5M | $526.7M | — | — |
| Total liabilities | $1.58B | $1.34B | — | — |
| Retained earnings | -$2.63B | -$1.95B | — | — |
| Total equity | $194.5M | -$485.6M | -$256.8M | $27.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $38.1M | -$110.7M | -$167.2M | — |
| Depreciation and amortisation | $45.9M | $51.5M | $49.5M | — |
| Stock-based compensation | $516.2M | $50.8M | $61.0M | — |
| Capital expenditure | $22.9M | $33.7M | $30.6M | — |
| Investing cash flow | -$666.9M | $2.2M | $176.9M | — |
| Financing cash flow | $895.4M | $109.9M | $6.3M | — |
| Buybacks | $565.0K | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-135011.
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