Netskope debuts as public company with $709M revenue, $679M loss, and $1.2B cash post-IPO

Filed March 31, 2026 · Period ending January 31, 2026 · ~2 min read

Key Changes

• high

  Completed September 2025 IPO raising $992M at $19/share; triggered $416M one-time stock compensation charge from liquidity-vested RSUs, driving fiscal 2026 net loss to $679M vs $355M prior year despite 32% revenue growth to $709M.

  MD&A: IPO and Stock Compensation verify on EDGAR →
• high

  Operating cash flow turned positive at $38M in fiscal 2026 vs negative $111M prior year; gross margin expanded 300 basis points to 68% from improved data center efficiency as revenue scaled faster than infrastructure costs.

  MD&A: Cash Flow and Margins verify on EDGAR →
• high

  Customer base grew 21% to 4,733 with one-third of Fortune 100 as clients; 71% of revenue growth came from existing customer expansion (dollar-based net retention 116%) vs 29% from new logos, indicating strong upsell traction.

  Business: Customer Metrics verify on EDGAR →