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US cloud security company providing SASE/zero-trust network security that protects cloud application and internet access.
US cloud security company providing SASE/zero-trust network security that protects cloud application and internet access.
Sells annual or multi-year subscriptions to a cloud platform that inspects employees' web and app traffic. Customers usually start with one product, such as a secure web gateway, and expand to more modules and users over time; there is no hardware to own.
Moat: narrow (switching costs, scale). Once enterprise traffic is routed through its cloud security platform, switching architecture is a major project.
Headquarters: Santa Clara, California, US · Founded: 2012 · Employees: 3,281
Size Netskope (NTSK) is a United States Information Technology company (Packaged Software) with a market value of $8.70B, the 846th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.30 on 6 Nov 2026.
Performance Over six months the shares gained 83.3%, against +8.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 30.4% over the last twelve months (peer median +19.6%); the operating margin is -94.2% (peer median 6.7%).
Valuation It trades at 10.4× enterprise value to sales against a peer median of 6.2× (4th most expensive of 21).
Backlog Backlog (remaining performance obligations) was $1.40B at 31 Jul 2026 — 1.7 years of trailing revenue. Backlog detail →
Short interest Short interest is 6.1% of the free float (15 Oct 2026).
Next results Next results expected around 11 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $803M | $709M | $538M | $407M |
| Revenue growth | — | +32% | +32% | — |
| Gross profit | $561M | $483M | $348M | $243M |
| EBITDA | -$715M | -$607M | -$204M | -$263M |
| Net income | -$737M | -$679M | -$355M | -$345M |
| Free cash flow | -$70.1M | $15.2M | -$144M | -$198M |
| Capital expenditure | $33.6M | $25.7M | $40.4M | $41.2M |
| Total debt | $732M | $755M | $663M | $509M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Netskope NTSK | $8.70B | +83% | +30% | -94% | 10.4× | n/a |
| Zscaler ZS | $32.2B | +30% | +25% | -4% | 9.1× | 20.7% |
| Palo Alto Networks PANW | $257B | +51% | +24% | 5% | 22.3× | n/a |
| Cisco CSCO | $369B | -3% | +12% | 25% | 6.1× | 15.0% |
| Cloudflare NET | $95.7B | +37% | +34% | -8% | 37.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NTSK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.6% | -4.0% | 8th highest of 21 |
| 6-month return | +83.3% | +8.7% | 3rd highest of 21 |
| Distance from 52-week high | -20.2% | -31.0% | 8th highest of 21 |
| Revenue growth (TTM) | +30.4% | +19.6% | 4th highest of 21 |
| Operating margin | -94.2% | 6.7% | 2nd lowest of 21 |
| EV / Sales | 10.4× | 6.2× | 4th most expensive of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | 10.4× | n/a | n/a |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 4.1× | 55.2% | -5.7% |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 8.8× | 41.6% | +23.1% |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | 6.8× | 18.0% | +8.2% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 6.1× | 11.1% | +14.8% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 1.5× | 2.7% | +18.8% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 5.0× | 2.3% | +22.8% |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 5.0× | 25.9% | +25.3% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 4.6× | 13.0% | +23.4% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 11.3× | 34.1% | +49.9% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 3.3× | -10.9% | +36.0% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 10.1× | 4.4% | +16.8% |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 9.2× | 22.0% | +9.0% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 6.5× | 18.8% | +44.4% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 7.0× | 20.7% | +27.1% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 5.2× | 46.1% | +6.9% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 4.9× | 49.7% | +28.8% |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 4.0× | -6.9% | +6.5% |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 34.0× | n/a | n/a |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 11.0× | n/a | n/a |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 6.3× | 53.7% | +60.8% |
Netskope reported $1.40B of remaining performance obligations at 31 Jul 2026 and up 17% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.91.