Netskope NTSK

Software - Infrastructure, Technology

$24.28

+9.37%

Market cap: $9.9B
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Price to sales: 12.4×
EV/EBIT: n/m; a loss over the last year
Revenue, 12 months: $802.6M; +30% on a year ago
Net margin: −91.8%
Free cash flow yield: −0.7%

Netskope trades at 12.4× sales. Its trailing earnings are negative, so it has no PE. Revenue was $802.6M over the last twelve months, up 30% on a year earlier with a −92% net margin.

Charts

Financials

Income statement for NTSK, by quarter
Income statement	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$138.5M	$148.5M	$157.7M	$170.8M	$184.2M+33%	$196.3M+32%	$201.6M+28%	$220.5M+29%
Cost of revenue	$46.8M	$49.2M	$48.2M	$47.5M	$77.5M+66%	$53.1M+8%	$53.3M+11%	$57.5M+21%
Gross profit	$91.8M	$99.3M	$109.5M	$123.2M	$106.6M+16%	$143.3M+44%	$148.3M+35%	$163M+32%
R&D	$62.4M	$61.4M	$67.9M	$72.9M	$262.7M+321%	$105.6M+72%	$105.7M+56%	$101.8M+40%
SG&A	$83.2M	$79.1M	$87M	$96.4M	$290.9M+250%	$152M+92%	$151.3M+74%	$151M+57%
	−$53.8M	−$41.2M	−$45.4M	−$46M	−$447M+730%	−$114.3M+178%	−$108.7M+140%	−$89.8M+95%
Pre-tax income	−$71.2M	−$75.9M	−$76.8M	−$87.8M	−$450M+532%	−$53.4M−30%	−$113.4M+48%	−$107.7M+23%
	−$505K	$1.1M	$2.5M	$2.5M	$3.1M	$3.3M+198%	$3.1M+25%	$3.1M+26%
Net income	−$70.7M	−$77M	−$79.2M	−$90.3M	−$453.1M+541%	−$56.8M−26%	−$116.5M+47%	−$110.8M+23%
	−$0.72	−$0.75	−$0.76	−$0.84	−$1.85+157%	−$0.14−81%	−$0.29−62%	−$0.27−68%
	98.3M	102.4M	104.7M	108.1M	244.7M+149%	394.6M+285%	400.5M+283%	405M+275%

EPS, diluted: Q4 FY24 and Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY24 and Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Software - Infrastructure nearest Netskope's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
NTSKNetskope	$9.9B	n/m	n/a	n/m	12.4×	+30%	−91.8%
PCTYPaylocity	$9.4B	35.8×	102×	n/m	5.3×	+11%	15.2%
DBXDropbox	$8.5B	21.0×	18.3×	n/m	3.4×	−0%	17.5%
BSYBentley Systems	$12B	43.6×	66.2×	n/m	7.5×	+13%	18.1%
PAYCPaycom Software	$12.4B	29.2×	76.0×	n/m	5.8×	+9%	22.8%
QLYSQualys	$7.5B	37.5×	50.1×	n/m	10.7×	+10%	29.4%
APPFAppfolio	$7.5B	48.1×	79.4×	n/m	7.2×	+21%	15.1%
PATHUiPath	$7.4B	21.1×	25.2×	n/m	4.3×	+15%	21.0%
AKAMAkamai Technologies	$13.4B	33.6×	31.6×	14.2×	3.1×	+6%	9.5%
MANHManhattan Associates	$13.9B	68.2×	59.3×	n/m	12.3×	+6%	18.7%
CACICaci International	$14B	26.3×	19.5×	n/m	1.5×	+11%	5.6%
Peer median	$10.7B	34.7×	54.7×	14.2×	5.5×	+11%	17.8%