NTSKNetskope, Inc.

$20.76-16% 1Y

Is the business good?

Mixed

5 of 9 health tests passed. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 neutral, 3 without data
Fundamental health (F-score)5 / 9SEC EDGAR · Jan 31, 2026

Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is NTSK?

Netskope, Inc. keeps −95% of every revenue dollar as operating profit, against 5.8% for the median Software - Infrastructure name.

−95%

Operating margin · Software - Infrastructure median 5.8% · 12 months to Q2 2027

Share count, year on year
+275%

Share count, year on year · shareholders own a smaller slice than a year ago

R&D as % of revenue
72%

R&D as % of revenue

Gross margin
70%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2024−77%
FY2025−48%
FY2026−92%
Details›
Gross margin12 months to Q2 2027
70%
Operating margin12 months to Q2 2027
−95%
Net margin12 months to Q2 2027
−92%
Free cash flow margin
−8.7%
R&D as % of revenue
72%
Revenue, trailing twelve months
$803M
Free cash flow, trailing twelve months
−$70M
Net income, trailing twelve months
−$737M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.