Loading...
•
Oct 31, 2025
Netskope, Inc Q3 2025 Earnings Report
Netskope reported strong Q3 2026 results with significant year-over-year revenue growth and positive free cash flow, despite a large GAAP net loss driven by IPO-related expenses.
Key Takeaways
Netskope delivered solid top-line growth in Q3 2026, achieving $184.2 million in revenue and turning in a positive free cash flow. The company faced a large GAAP net loss primarily due to stock-based compensation related to its IPO, but posted improved non-GAAP operating metrics.
Revenue grew to $184.2 million, up 33% year-over-year
Net loss widened to $453.1 million due to IPO-related expenses
Non-GAAP net loss per share improved to $0.10 from $0.37
Free cash flow turned positive at $10.6 million
Forward Guidance
Netskope expects continued revenue growth in Q4 FY2026, with improving non-GAAP margins and narrowing net losses.
Positive Outlook
- Q4 revenue expected between $188M and $190M
- Non-GAAP gross margin expected to remain strong at ~75%
- Non-GAAP net loss per share guidance improves to ($0.07)–($0.05)
- Full-year FCF expected to be positive at $5M to $8M
- Estimated market opportunity of $149B continues to support growth strategy
Challenges Ahead
- Non-GAAP operating margin remains negative at (14.0%)–(13.0%) for Q4
- Full-year non-GAAP operating margin expected between (17.0%)–(16.5%)
- High stock-based compensation impacting GAAP profitability
- Net loss per share still negative despite narrowing
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...