Netskope posts 28% revenue growth but widens loss to $117M on IPO-related stock comp

Filed June 3, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Revenue grew 28% YoY to $201.6M with balanced contributions from new customers (48%) and existing customer expansion (52%). Gross margin improved 500 basis points to 74% on infrastructure efficiencies.

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

  Net loss widened to $116.5M from $79.2M YoY, driven by $76M in stock-based compensation (up from $10.1M) as IPO-triggered vesting hit. Non-GAAP operating margin improved to negative 14% from negative 18%.

  MD&A: Operating Results verify on EDGAR →
• high

  Operating cash flow swung to negative $53.9M from positive $25.6M as company shifted from upfront multi-year billings to annual cycles, deferring collections. $1.1B cash on hand post-IPO provides cushion.

  MD&A: Cash Flow verify on EDGAR →