Jul 2026 (Q2 FY27) — Sep 2, 2026
Netskope Q2 FY27 — Strong AI Security Traction and Margin Improvement
Read the full callNetskope (NTSK) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Netskope earnings: last reported Wed, 2 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 221 | +29.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -40.7 | −13.8 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -111 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$19.42 +2.21% · +$0.42
Performance −12.7% 1Y
1Y: $22.24 on 17 Oct 2025 → $19.42. High $24.26 (3 Nov 2025), low $7.73 (27 Mar 2026).
- Previous close
- $19
- 52-week range
- $7.73 – $24.26
- One year
- −12.95%
Overview
- Symbol
- NTSK
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Apr 2026 (Q1 FY27) — Jun 3, 2026
Netskope Q1 FY27 — Strong ARR Growth and AI Security Momentum
Read the full callJan 2026 (Q4 FY26) — Mar 11, 2026
Netskope Q4 FY26 — Record Net New ARR and First Year of Positive Free Cash Flow
Read the full callEvery analysed call
Netskope earnings calls (NTSK)
Financials
What the filings say
Net profit, year on year: −23% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 139 | 148 | 158 | 171 | 184 | 196 | 202 | 221 |
| Operating profit | -54 | -41 | -45 | -46 | -447 | -114 | -109 | -90 |
| Operating margin | −38.9% | −27.7% | −28.8% | −26.9% | −242.7% | −58.2% | −53.9% | −40.7% |
| Net profit | -71 | -77 | -79 | -90 | -453 | -57 | -116 | -111 |
| EPS ($ per share) | -0.72 | — | -0.76 | -0.84 | -1.85 | — | -0.29 | -0.27 |
| Line item | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Reserves | — | -1,950 | -2,629 |
| Total liabilities | — | 1,344 | 1,578 |
| Fixed assets | — | 99 | 94 |
| Investments | — | 81 | 726 |
| Total assets | — | 859 | 1,772 |
| Line item | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Cash from operations | -167 | -111 | 38 |
| Cash from investing | 177 | 2 | -667 |
| Cash from financing | 6 | 110 | 895 |
| Capital expenditure | -31 | -34 | -23 |
| Free cash flow | -198 | -144 | 15 |
NTSK revenue by segment
| Segment | Q3 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|
| Indirect Channels | — | — | 97% | — |
| Direct End Customers | — | — | 3% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
NTSK operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) | $811MStrong global execution resulted in robust fourth quarter results highlighted by record net new ARR of $57 million and ending ARR of $811 million, representing true organic growth of 31% year-over-year.Source: earnings call transcript | $845MWe ended Q1 with ARR of $845 million, up 29% year-over-year and our net new ARR of $34 million.Source: earnings call transcript | $899MWe ended Q2 with ARR of $899 million, up 27% year-over-year and delivered net new ARR of $54 million.Source: earnings call transcript | +6.4% |
| Net revenue retention rate | 116%This is reflected in our net retention rate of 116% and 22% growth in customers with over $100,000 in ARR year-over-year.Source: earnings call transcript | 113%Our Q1 net retention rate, or NRR, was 113%.Source: earnings call transcript | — | -3 pt |
| Customers above an annual spend threshold | 1,531In terms of customer metrics, the number of customers generating more than $100,000 in ARR in Q4 grew 22% year-over-year to 1,531.Source: earnings call transcript | 1,600The number of customers generating more than $100,000 in ARR in Q1 grew 23% year-over-year to 1,600.Source: earnings call transcript | — | +4.5% |
| Remaining performance obligation (RPO) | — | $1.2B+Remaining performance obligations, or RPO, grew 33% year-over-year to over $1.2 billion.Source: earnings call transcript | $1.35BRemaining performance obligations, or RPO, grew 36% year-over-year to $1.35 billion.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- Americas 55% ↓ 2 pt
- US 43% ↓ 1 pt
- EMEA 26% ↑ 1 pt
- Asia Pacific and Japan 19%
As NTSK cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
103 filings between Nov 24, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
$21.96M
7 purchases by 2 insiders
Sales
$69.19M
23 sales by 6 insiders
Compensation
not trading decisions- 3
- Tax withheld — shares kept back by the company to cover tax
Also filed: 46 conversions, 24 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lightspeed Venture Partners IX, L.P. | — | $18.06M | Sep 11, 2026 |
| Lightspeed Venture Partners Select, L.P. | — | $18.06M | Sep 11, 2026 |
| Janmohamed Arif | — | $15.10M | Jun 15, 2026 |
| Beri Sanjay | — | $14.43M | Jan 7, 2026 |
| Griffith William J.G. | $10.98M | — | Jul 13, 2026 |
| ICONIQ Strategic Partners VIII Holdings, L.P. | $10.98M | — | Jul 13, 2026 |
| DEL MATTO ANDREW H | — | $3.42M | Jan 6, 2026 |
| Bousquet Raphael | — | $116.0K | Jan 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Alexy Kimberly Director | Conversion | 421,600 | — |
| Oct 1, 2026 | Bousquet Raphael Chief Revenue Officer | Tax withheld | 6,063 | $105.7K |
| Oct 1, 2026 | Bousquet Raphael Chief Revenue Officer | Conversion | 75,076 | — |
| Sep 22, 2026 | Griffith William J.G. Director | Other | 3,085,037 | — |
| Sep 22, 2026 | ICONIQ STRATEGIC PARTNERS II, L.P. 10% owner | Other | 3,085,037 | — |
| Sep 22, 2026 | ICONIQ STRATEGIC PARTNERS II, L.P. 10% owner | Other | 2,414,963 | — |
| Sep 22, 2026 | Griffith William J.G. Director | Other | 2,414,963 | — |
| Sep 16, 2026 | Griffith William J.G. Director | Other | 3,085,037 | — |
| Sep 16, 2026 | ICONIQ STRATEGIC PARTNERS II, L.P. 10% owner | Other | 2,414,963 | — |
| Sep 16, 2026 | Griffith William J.G. Director | Other | 2,414,963 | — |
| Sep 16, 2026 | ICONIQ STRATEGIC PARTNERS II, L.P. 10% owner | Other | 3,085,037 | — |
| Sep 11, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Sale | 10,621 | $158.3K |
| Sep 11, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Sale | 10,621 | $158.3K |
| Sep 10, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 10,621 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 792,813 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 792,813 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Conversion | 3,034,693 | — |
| Sep 10, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Conversion | 3,034,693 | — |
| Sep 10, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 3,034,693 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 10,621 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 792,813 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 3,034,693 | $0 |
| Sep 10, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 792,813 | $0 |
| Jul 13, 2026 | ICONIQ Strategic Partners VIII Holdings, L.P. 10% owner | Purchase | 64,771 | $804.5K |
| Jul 13, 2026 | Griffith William J.G. Director | Purchase | 64,771 | $804.5K |
| Jul 10, 2026 | Griffith William J.G. Director | Purchase | 241,628 | $2.96M |
| Jul 10, 2026 | ICONIQ Strategic Partners VIII Holdings, L.P. 10% owner | Purchase | 241,628 | $2.96M |
| Jul 9, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Sale | 219,075 | $2.68M |
| Jul 9, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Conversion | 219,075 | — |
| Jul 9, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Sale | 219,075 | $2.68M |
| Jul 9, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Conversion | 219,075 | — |
| Jul 8, 2026 | ICONIQ Strategic Partners VIII Holdings, L.P. 10% owner | Purchase | 610,091 | $7.21M |
| Jul 8, 2026 | ICONIQ Strategic Partners VIII Holdings, L.P. 10% owner | Purchase | 200 | $2.3K |
| Jul 8, 2026 | Griffith William J.G. Director | Purchase | 610,291 | $7.22M |
| Jul 8, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Sale | 10,621 | $124.3K |
| Jul 8, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Sale | 10,621 | $124.3K |
| Jul 7, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Conversion | 3,034,693 | — |
| Jul 7, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 10,621 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 792,813 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 10,621 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 792,813 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 792,813 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 792,813 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Other | 3,034,693 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Other | 3,034,693 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Conversion | 3,034,693 | — |
| Jul 1, 2026 | Bousquet Raphael Chief Revenue Officer | Tax withheld | 6,923 | $75.7K |
| Jul 1, 2026 | Bousquet Raphael Chief Revenue Officer | Conversion | 75,075 | — |
| Jun 15, 2026 | Lightspeed Venture Partners Select, L.P. 10% owner | Sale | 336,173 | $3.03M |
| Jun 15, 2026 | Lightspeed Venture Partners IX, L.P. 10% owner | Sale | 336,173 | $3.03M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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