Filing Flows › Netskope (NTSK) › Q1 FY27 › vs Q1 FY26
Netskope (NTSK) Q1 FY27 vs Q1 FY26 (year over year)
Netskope's revenue rose $43.9M (+28%) from $158M in Q1 FY26 to $202M in Q1 FY27. The biggest changes: Indirect Channels +$45.5M (+30%); Direct End Customers −$1.6M (-20%).
Netskope, Q1 FY27: revenue $202M (+28% year over year), operating margin -53.9%, net loss $116M, operating cash flow −$53.9M. The chart draws each line against Q1 FY26, the increases inside each band.
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Indirect Channels | $195M | $149M | $45.5M | +30% |
| Direct End Customers | $6.7M | $8.4M | −$1.6M | -20% |
| Revenue | $202M | $158M | $43.9M | +28% |
| Net loss | $116M | $79.2M | $37.3M | +47% |
| Costs & expenses | $318M | $237M | $81.1M | +34% |
| Operating costs | $310M | $203M | $107M | +53% |
| Interest & other, net | $4.7M | $31.4M | −$26.7M | -85% |
| Income tax | $3.1M | $2.5M | $602K | +25% |
| Cost of revenue | $53.3M | $48.2M | $5.1M | +11% |
| Research & development | $106M | $67.9M | $37.8M | +56% |
| Sales & marketing | $106M | $69.4M | $36.3M | +52% |
| General & admin | $45.6M | $17.6M | $28.0M | +159% |
| Operating cash sources | $140M | −$1.6M | $142M | — |
| Depreciation & amortization | $10.1M | $13.9M | −$3.9M | -28% |
| Share-based compensation | $76.0M | $10.1M | $65.9M | +653% |
| Cash used in operations | $53.9M | −$25.6M | $79.5M | — |
| Net loss absorbed | $116M | $79.2M | $37.3M | +47% |
| Working capital & other | $23.5M | −$80.8M | $104M | — |
Questions
How much did Netskope's revenue grow year over year in Q1 FY27?
Netskope's revenue rose $43.9M (+28%) from $158M in Q1 FY26 to $202M in Q1 FY27.
What drove Netskope's revenue change in Q1 FY27?
Indirect Channels +$45.5M (+30%); Direct End Customers −$1.6M (-20%).