Netskope FY27 Q1 net loss widens to $116.5 million; revenue rises 28% to $201.6 million

Netskope, Inc. Class A

Netskope, Inc. Class A

NTSK

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  • Netskope posted a net loss of USD 116.5 million in the quarter ended April 30, 2026, widening from USD 79.2 million a year earlier.
  • Revenue climbed 28% to USD 201.6 million, with about 52% of the increase driven by expansion within existing customers.
  • Operating loss widened to USD 108.7 million, while gross margin improved 5 percentage points to 74%.
  • Dollar-based net retention rate eased to 113% as of April 30, 2026, down 4 percentage points from a year earlier.
  • Free cash flow swung to an outflow of USD 57.2 million from an inflow of USD 17.5 million, on lower customer collections tied to a shift toward annual billing.


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