NTSK Technology

Netskope, Inc.

$21.84-0.73%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Infrastructure
Country: United States
Market cap: 8.9B USD
Enterprise value: 8.5B USD
Full-time employees: 3,281

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: more debt relative to equity (4.67× vs a peer median of 0.25×)higher risk: more debt vs equity (4.67× vs peers 0.25×)
Not enough data: growth

Would rank #1,608 of 1,612 fully scored technology companies (bottom 1%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 4.7× equity vs a peer median of 0.2×.Debt is 4.7× equity vs peers 0.2×.
Debt is 4.7× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 4.7× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.
Growing fast, still losing money. Revenue grew faster than 87% of peers, at an operating loss.
Revenue grew faster than 87% of peers, but the business runs at an operating loss (margin -95%).

StockQuotient Score

4/ 100

Oct 5 4 → Nov 4 4

Valuation

Is the price right?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-8.3%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-8.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-0.8%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield1.8%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-94.7%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710

Return on assets-43.1%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin69.9%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-470.2%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700

Current ratio2.01×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.27Sector median: 1.8295 · MAD: 0.6848

Debt / equity4.67×

Yahoo Finance fallback · no standard SEC debt tagOutlier capped at sector 5th/95th percentile33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Netskope

Is Netskope getting weaker?: Its latest SEC filing (Sep 2, 2026) showed no major changes. Its overall score is unchanged at 4/100 since Oct 28, 2026.
How is Netskope valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -8.3% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -8.3% vs peers 2.2% (weaker than 100% of peers).
Is Netskope growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Netskope?: Less profitable than most of its peers. Profitability scores 0/100 against 1,711 technology peers. Operating margin -94.7% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -94.7% vs peers 6.3% (weaker than 100% of peers).
How risky is Netskope?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 4.67× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 4.67× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Sep 2, 2026 · compared with the quarter ended Apr 30, 2026

No major changes

Worth watching: Netskope is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	752.9M USD	802.6M USD	+6.6%
Net income (12 months)	−716.6M USD	−737.2M USD	+2.9%
Operating margin	-95.1%	-94.7%	+0.4 pts
Free cash flow (12 months)	−59.1M USD	−70.1M USD	+18.7%
Cash	205.8M USD	220.9M USD	+7.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Infrastructure · 71 companies

Valuations in Software - Infrastructure are above their usual range since 2016.

61% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +19% and earnings +22% (medians): prices and earnings moved broadly together.
Median price-to-sales is +97% vs the whole market, against a usual +103%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jan 2024	FY Jan 2025	FY Jan 2026	Change
Gross margin	59.8%	64.6%	68.1%	▲ 3.4 pts
Operating margin	-76.9%	-47.5%	-92.0%	▼ 45 pts
Net margin	-84.8%	-65.9%	-95.8%	▼ 30 pts
Return on assets (ROA)	—	-41.3%	-38.3%	▲ 3.0 pts
Return on equity (ROE)	—	—	-349.2%	—
Free cash flow margin	-48.6%	-26.8%	2.1%	▲ 29 pts
Current ratio	—	1.00×	2.13×	▲ 112%
Quick ratio	—	0.99×	2.12×	▲ 114%

NTSK price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

LEENO Industrial Inc.058470.KQ97/ 100

Transcend Information, Inc.2451.TW94/ 100

Joint Stock Company Kaspi.kzKSPI93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: more debt relative to equity (4.67× vs a peer median of 0.25×)higher risk: more debt vs equity (4.67× vs peers 0.25×)

Not enough data: growth

Would rank #1,608 of 1,612 fully scored technology companies (bottom 1%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 4.7× equity vs a peer median of 0.2×.Debt is 4.7× equity vs peers 0.2×.

Debt is 4.7× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 4.7× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Growing fast, still losing money. Revenue grew faster than 87% of peers, at an operating loss.

Revenue grew faster than 87% of peers, but the business runs at an operating loss (margin -95%).

Questions investors ask about Netskope

Is Netskope getting weaker?

Its latest SEC filing (Sep 2, 2026) showed no major changes. Its overall score is unchanged at 4/100 since Oct 28, 2026.

How is Netskope valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -8.3% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -8.3% vs peers 2.2% (weaker than 100% of peers).

Is Netskope growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Netskope?

Less profitable than most of its peers. Profitability scores 0/100 against 1,711 technology peers. Operating margin -94.7% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -94.7% vs peers 6.3% (weaker than 100% of peers).

How risky is Netskope?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 4.67× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 4.67× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

752.9M USD

802.6M USD

+6.6%

Net income (12 months)

−716.6M USD

−737.2M USD

+2.9%

Operating margin

-95.1%

-94.7%

+0.4 pts

Free cash flow (12 months)

−59.1M USD

−70.1M USD

+18.7%

Cash

205.8M USD

220.9M USD

+7.3%

Key ratios

FY Jan 2024

FY Jan 2025

FY Jan 2026

Change

Gross margin

59.8%

64.6%

68.1%

▲ 3.4 pts

Operating margin

-76.9%

-47.5%

-92.0%

▼ 45 pts

Net margin

-84.8%

-65.9%

-95.8%

▼ 30 pts

Return on assets (ROA)

—

-41.3%

-38.3%

▲ 3.0 pts

Return on equity (ROE)

—

-349.2%

—

Free cash flow margin

-48.6%

-26.8%

2.1%

▲ 29 pts

Current ratio

—

1.00×

2.13×

▲ 112%

Quick ratio

—

0.99×

2.12×

▲ 114%