NTSK

Company Overview — What Does Netskope Inc Do?

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era. Organizations rely on our Netskope One platform to provide profound contextual intelligence into their data and digital interactions, securing them with precision, without sacrificing the digital experience. We leverage our patented technologies to enable dynamic, granular context-aware policies that allow us to protect sensitive data, stop threats, support regulatory compliance, and elevate the digital experience. By converging advanced security and modern networking capabilities with deep analytics, based on our analysis of IDC data, we believe our unified solution addresses a large total addressable market that is projected to reach $138.9 billion by 2028, growing at a 16.8% compound annual growth rate ("CAGR") from 2024 to 2028, providing us with a sustained and durable opportunity. We believe we are in the early days of addressing the nascent market opportunity for AI security that we project will grow to $30.8 billion by 2028, contributing an incremental $9.9 billion to our estimated total addressable market by 2028. Organizations today operate in a digital landscape that is heterogeneous and highly connected. It is comprised of globally dispersed users and non-human entities such as devices, applications, automated systems, and AI agents that interact with each other and a plethora of managed and unmanaged Software-as-a-Service ("SaaS") applications, websites, AI, private applications, and other ecosystem applications across data centers and private and public clouds. With this new digital landscape, enterprises need a security and networking platform that can handle these far more complex, distributed, and dynamic sets of connections-all with more advanced security measures-to keep the organization, its people, and its data safe. The substrate for this digital landscape is the modern internet. No longer just a collection of static web pages of the 2000-2010 era, it is dynamic, interactive, and data-rich, and powered by the cloud and AI. In addition, continuously evolving technologies, such as AI, are voraciously consuming organizational data but also generating it at unprecedented scale. This data is increasingly spread across the cloud and shadow IT systems and accessed by human and non-human entities worldwide, beyond locked down on-premises corporate IT environments. Data is the lifeblood of modern organizations, but protecting it and the broader organization has never been more difficult. Meanwhile, cyber adversaries are leveraging cloud and AI technologies to launch widespread and sophisticated attacks. Ransomware-as-a-Service groups have emerged, deploying an onslaught of rapidly morphing attack campaigns. Nefarious actors trick victims into executing commands that infect their machine with malware, such as the LummaStealer campaign that transpired in early 2025. AI advances have armed attackers with new tools, such as deepfakes, to steal data for financial gain, espionage, or digital warfare. Organizations also face significant compliance risk from constantly growing security and data privacy regulations. Legacy appliance-based and first-generation cloud security solutions were designed for a legacy internet and data footprint, where simple rules-based threat detection and block-or-allow policies were sufficient. Moreover, traditional corporate networks were not designed to support the scale, flexibility, performance, and advanced security that is essential in the cloud and AI era. This frustrates users and creates an untenable situation for organizations, forcing them to trade performance for security, or vice versa. In many cases, users may be allowed to directly access an application without security to avoid a bad user experience. The fragmented nature of these legacy solutions, and the way they were architected, fundamentally limits their ability to address the complex and continuously evolving security and networking challenges that are the new reality for organizations. These tradeoffs hurt security, limit resilience and performance, create greater regulatory risk, and increase operational costs. Architecture is critical when addressing these challenges. Our Netskope One platform uses a unique architecture built from the ground up as a unified platform with a converged security, network, and analytics technology stack that runs on our NewEdge global private cloud network ("NewEdge network") to deliver highly secure and performant digital interactions. Our Netskope One platform deeply understands the dynamic "language" of the modern internet. This means enabling real-time contextual visibility into, and control over, an organization's traffic. For example, our Netskope One platform sees if a user is entering sensitive corporate data into a prompt of a personal instance of an application such as Google Gemini or ChatGPT and then coaches or re-directs them towards the corporate instance-in real-time. This sophisticated contextual awareness is critical for safely enabling the widespread adoption of cloud and AI tools that drive business innovation and productivity today. Our Netskope One platform leverages our proprietary AI models to detect, classify, track, and control sensitive data no matter where it is or how it is being used, stop threats no matter where they originate, and improve the digital experience globally whether a human or non-human entity is involved. We solve organizations' security versus performance tradeoff challenges with our NewEdge network, which is comprised of more than 120 full-compute edge data centers in more than 75 regions, with all of our capabilities available for every customer in every data center. Architected to deliver advanced security capabilities as close to the end user as possible, our NewEdge network greatly reduces the need to re-route traffic back and forth between data centers and provides a seamless, resilient user experience across locations and devices. This enables blazing fast traffic on-ramps and processing and optimized access to critical business applications and content. Our customers rely on us to protect their sensitive data, stop threats, accelerate their digital interactions, and deliver significantly higher operational simplicity. They include some of the largest and most complex organizations around the world and across industries. As of July 31, 2025, we had 4,317 customers, a 21% year-over-year increase from 3,571 customers as of July 31, 2024. As of July 31, 2025, more than 30% of the Fortune 100 and approximately 18% of the Forbes Global 2000 were our customers. As the digital and threat landscape continues to evolve, we have grown rapidly since our inception. Our Annual Recurring Revenue ("ARR") increased 33% year-over-year to $707 million as of July 31, 2025, compared to $531 million as of July 31, 2024. We have achieved strong retention metrics, as evidenced by our dollar-based net retention rate ("NRR"), which increased to 118% as of July 31, 2025, compared to 113% as of July 31, 2024. In addition, our dollar-based gross retention rate ("GRR") increased to 96% as of July 31, 2025, compared to 95% as of July 31, 2024. In recent periods, we have invested in research and development to drive rapid innovation, leveraging our core platform to serve our customers' needs and further strengthen our technology leadership. We have also invested in expanding our salesforce and channel partners to pursue attractive growth opportunities both domestically and internationally. Netskope is built to scale. Our principal executive offices are located in Santa Clara, California. Netskope Inc (NTSK) is classified as a mid-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Sanjay Beri and employs approximately 2,910 people, headquartered in SANTA CLARA, California. With a market capitalization of $3.3B, NTSK is one of the notable companies in the Technology sector.

Netskope Inc (NTSK) Stock Rating — Avoid (April 2026)

As of April 2026, Netskope Inc receives a Avoid rating with a composite score of 24.1/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.NTSK ranks #4,331 out of 4,446 stocks in our coverage universe. Within the Technology sector, Netskope Inc ranks #572 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NTSK Stock Price and 52-Week Range

Netskope Inc (NTSK) currently trades at $8.67. The stock gained $0.20 (2.4%) in the most recent trading session. The 52-week high for NTSK is $27.99, which means the stock is currently trading -69.0% from its annual peak. The 52-week low is $8.81, putting the stock -1.6% above its annual trough. Recent trading volume was 6.9M shares, reflecting moderate market activity.

Is NTSK Overvalued or Undervalued? — Valuation Analysis

Netskope Inc (NTSK) carries a value factor score of 19/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 19.59x, versus the sector average of 3.16x. The price-to-sales ratio is 1.34x, compared to 1.06x for the average Technology stock.

At current multiples, Netskope Inc trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Netskope Inc Profitability — ROE, Margins, and Quality Score

Netskope Inc (NTSK) earns a quality factor score of 29/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -1397.0%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -153.3% versus the sector average of -1.0%.

On a margin basis, Netskope Inc reports gross margins of 68.1%, compared to 50.9% for the sector. The operating margin is -92.0% (sector: -0.5%). Net profit margin stands at -95.8%, versus -1.5% for the average Technology stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NTSK Debt, Balance Sheet, and Financial Health

Netskope Inc has a debt-to-equity ratio of 811.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 2.13x, indicating strong short-term liquidity.

NTSK has a beta of 2.39, meaning it is more volatile than the broader market — a $10,000 investment in NTSK would be expected to move 138.7% more than the S&P 500 on any given day. The stability factor score for Netskope Inc is 19/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Netskope Inc Revenue and Earnings History — Quarterly Trend

In TTM 2026, Netskope Inc reported revenue of $709M and earnings per share (EPS) of $-3.18. Net income for the quarter was $-679M. Gross margin was 68.1%. Operating income came in at $-653M.

In FY 2026, Netskope Inc reported revenue of $709M and earnings per share (EPS) of $-3.18. Net income for the quarter was $-679M. Gross margin was 68.1%. Operating income came in at $-653M.

In Q3 2026, Netskope Inc reported revenue of $184M and earnings per share (EPS) of $-1.85. Net income for the quarter was $-453M. Gross margin was 57.9%. Operating income came in at $-447M.

NTSK Dividend Yield and Income Analysis

Netskope Inc (NTSK) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

NTSK Momentum and Technical Analysis Profile

Netskope Inc (NTSK) has a momentum factor score of 19/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 36/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

NTSK vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Netskope Inc (NTSK) ranks #572 out of 584 stocks based on the Blank Capital composite score. This places NTSK in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing NTSK against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NTSK vs S&P 500 (SPY) comparison to assess how Netskope Inc stacks up against the broader market across all factor dimensions.

NTSK Next Earnings Date

No upcoming earnings date has been announced for Netskope Inc (NTSK) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NTSK? — Investment Thesis Summary

The quantitative profile for Netskope Inc suggests caution. The quality score of 29/100 flags below-average profitability. The value score of 19/100 indicates premium valuation. Momentum is weak at 19/100, a headwind for near-term performance. High volatility (stability score 19/100) increases portfolio risk.

In summary, Netskope Inc (NTSK) earns a Avoid rating with a composite score of 24.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NTSK stock.

Related Resources for NTSK Investors

Explore more research and tools: NTSK vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NTSK head-to-head with peers: NTSK vs IHS, NTSK vs VRSN, NTSK vs ESE.