Filing Flows

Filing Flows › Companies › Netskope › Cash flow

Netskope cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$29.5M in Q2 FY27 · −$70.1M over twelve months

Operating cash flow−$16.5M
Capital spending−$13.0M
Free cash flow−$29.5M
Cash conversion cycle36 days

Analysis

In Q2 FY27, Netskope generated −$16.5M of operating cash flow and spent $13.0M on capital projects, leaving free cash flow of −$29.5M. That is $11.0M less than in Q2 FY26 (−$18.5M).

Over the twelve months to Jul 31, 2026, operating cash flow was −$41.1M; the largest uses were other investing ($798M), taxes on employees’ shares ($188M), operating cash flow ($41.1M); besides operations, cash came from other financing ($1.0B), shares issued ($29.3M); the cash balance rose by $9.2M.

Operating cash flow was −$16.5M against net income of −$111M. The largest differences: stock-based pay +$63.0M, receivables −$51.8M, employee-related liabilities +$20.3M.

Its cash conversion cycle was 36 days (receivables 68 + inventory 8 − payables 40).

Free cash flow

Netskope: free cash flow by quarterNetskope: free cash flow by quarter$4.9MQ4 FY25$18.2MQ1 FY26−$18.5MQ2 FY26$10.7MQ3 FY26$4.8MQ4 FY26−$56.1MQ1 FY27−$29.5MQ2 FY27
Operating cash flow less capital spending.
Netskope: operating cash flow against capital spendingNetskope: operating cash flow against capital spendingOperating cash flowCapital spending$6.1M$1.3MQ4 FY25$25.6M$7.4MQ1 FY26−$16.9M$1.6MQ2 FY26$11.2M$525KQ3 FY26$18.1M$13.4MQ4 FY26−$53.9M$2.2MQ1 FY27−$16.5M$13.0MQ2 FY27
Latest (Q2 FY27): Operating cash flow −$16.5M, Capital spending $13.0M.

Capital allocation, year by year

Netskope: where the cash came from (up) and went (down), by fiscal yearNetskope: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY24: Operating cash flow −$167MFY24: Shares issued $10.2MFY24: Asset sales $18KFY24: Capital spending −$30.6MFY24: Acquisitions −$13.6M$10.2MFY24FY25: Operating cash flow −$111MFY25: Net borrowing $74.4MFY25: Shares issued $35.6MFY25: Asset sales $30KFY25: Capital spending −$33.7MFY25: Acquisitions −$2.5M$110MFY25FY26: Operating cash flow $38.1MFY26: Shares issued $1.0BFY26: Capital spending −$22.9MFY26: Buybacks −$565K$1.1BFY26
Over these 3 years operating cash flow totalled −$240M; the largest uses were operating cash flow ($278M) and capital spending ($87.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.1B
Debtnone
Net cash$1.1B
Cash runwaymore than 10 years

Netskope is burning cash: its operations consume cash, a free cash flow of −$70.1M a year at the current rate against $1.1B of cash and investments: a runway of more than ten years at that rate before any new financing.

Where the cash came from and went

Netskope: sources (+) and uses (−) of cash, Q2 FY27Netskope: sources (+) and uses (−) of cash, Q2 FY27Other investing$49.8MOperating cash flow−$16.5MCash drawn (+) / kept (−)−$15.0MTaxes on employees’ shares−$13.8MCapital spending−$13.0MShares issued$9.5MOther financing−$981K
Netskope: sources (+) and uses (−) of cash, TTM to Q2 FY27Netskope: sources (+) and uses (−) of cash, TTM to Q2 FY27Other financing$1.0BOther investing−$798MTaxes on employees’ shares−$188MOperating cash flow−$41.1MShares issued$29.3MCapital spending−$29.0MCash drawn (+) / kept (−)−$9.2M

From profit to cash

Netskope: net income to operating cash flow, Q2 FY27Netskope: net income to operating cash flow, Q2 FY27Net income−$111MDepreciation & amortization$10.6MStock-based pay$63.0MOther non-cash$5KReceivables−$51.8MInventory$424KPayables$2.1MEmployee-related liabilities$20.3MDeferred revenue$17.8MPrepaid and other assets−$286KOther liabilities$5.5MOperating cash flow−$16.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY276884036
Q1 FY276583241
Q4 FY266892750

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27−$16.5M−$13.0M$9.5M−$15.0M−$29.5M
Q1 FY27−$53.9M−$2.2M$5.8M$228M−$56.1M
Q4 FY26$18.1M−$13.4M$4.1M$552M$4.8M
Q3 FY26$11.2M−$525K$9.9M−$774M$10.7M
Q2 FY26−$16.9M−$1.6M$14.7M$7.0M−$18.5M
Q1 FY26$25.6M−$7.4M$6.6M−$51.8M$18.2M
Q4 FY25$6.1M−$1.3M$12.9M$17.9M$4.9M

Netskope: income statement and cash flow

Netskope, Q2 FY27: revenue $221M (+29% year over year), operating margin -40.7%. The chart follows the revenue to costs, profit and cash.

Netskope: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.