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Software - Application · Technology · Fiscal year ends Jan 31
Netskope reported revenue of $709M in the fiscal year ended Jan 2026, up 31.7% from the year before. Operating income was −$653M, an operating margin of −92.0%, and net income was −$679M. Operating cash flow of $38M less capital expenditure of $23M left free cash flow of $15M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Revenue | 407 | 538 | 709 |
| Cost of revenue | 164 | 190 | 226 |
| Gross profit | 243 | 348 | 483 |
| Research & development | 224 | 254 | 509 |
| Selling, general & admin | 332 | 349 | 626 |
| Operating income | −313 | −256 | −653 |
| Pre-tax income | −338 | −350 | −668 |
| Income tax | 6.8 | 4.2 | 11.3 |
| Net income | −345 | −355 | −679 |
| Diluted EPS | −3.77 | −3.64 | −3.18 |
| Diluted shares | 91.4 | 97.5 | 214 |
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Cash & equivalents | – | 166 | 433 |
| Receivables | – | 195 | 158 |
| Inventory | – | 5.8 | 4.9 |
| Current assets | – | 528 | 1,449 |
| Net PP&E | – | 99.5 | 93.9 |
| Goodwill | 57.2 | 61.1 | 61.1 |
| Total assets | – | 859 | 1,772 |
| Payables | – | 2.7 | 14.4 |
| Deferred revenue | 437 | 430 | 533 |
| Current liabilities | – | 527 | 682 |
| Total liabilities | – | 1,344 | 1,578 |
| Shareholders' equity | −257 | −486 | 195 |
| Backlog (remaining obligations) | – | – | 1,200 |
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Operating cash flow | −167 | −111 | 38.1 |
| Capital expenditure | 30.6 | 33.7 | 22.9 |
| Free cash flow | −198 | −144 | 15.2 |
| Depreciation & amortisation | 28.2 | 31.7 | 30.1 |
| Stock-based compensation | 61.0 | 50.8 | 516 |
| Acquisitions | 13.6 | 2.5 | 0.0 |
| Share buybacks | 0.0 | 0.0 | 0.6 |
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Revenue growth (YoY) | – | 32.3% | 31.7% |
| Gross margin | 59.8% | 64.6% | 68.1% |
| Operating margin | −76.9% | −47.5% | −92.0% |
| Net margin | −84.8% | −65.9% | −95.8% |
| Return on equityBlank when equity is negative | – | – | −349.2% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −77.1% | −59.8% |
| Free cash flow margin | −48.6% | −26.8% | 2.1% |
| Cash conversion (CFO ÷ net income) | 0.48x | 0.31x | −0.06x |
| Receivable days | – | 132 | 81 |
| Inventory days | – | 11 | 8 |
| Payable days | – | 5 | 23 |
| Current ratio | – | 1.00x | 2.13x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.