Filing Flows › Netskope (NTSK) › Q1 FY27 › vs Q4 FY26
Netskope (NTSK) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Netskope's revenue rose $5.3M (+3%) from $196M in Q4 FY26 to $202M in Q1 FY27. The biggest changes: Indirect Channels +$5.9M (+3%); Direct End Customers −$672K (-9%).
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 Q4 FY26, the increases inside each band.
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Indirect Channels | $195M | $189M | $5.9M | +3% |
| Direct End Customers | $6.7M | $7.4M | −$672K | -9% |
| Revenue | $202M | $196M | $5.3M | +3% |
| Net loss | $116M | $56.8M | $59.7M | +105% |
| Costs & expenses | $318M | $314M | $4.2M | +1% |
| Operating costs | $310M | $311M | −$287K | -0.1% |
| Interest & other, net | $4.7M | −$60.8M | $65.5M | — |
| Income tax | $3.1M | $3.3M | −$266K | -8% |
| Cost of revenue | $53.3M | $53.1M | $276K | +0.5% |
| Research & development | $106M | $106M | $124K | +0.1% |
| Sales & marketing | $106M | $96.4M | $9.2M | +10% |
| General & admin | $45.6M | $55.5M | −$9.9M | -18% |
| Operating cash sources | $140M | $80.1M | $59.9M | +75% |
| Depreciation & amortization | $10.1M | $10.1M | −$52K | -0.5% |
| Share-based compensation | $76.0M | $88.1M | −$12.0M | -14% |
| Cash used in operations | $53.9M | −$18.1M | $72.0M | — |
| Net loss absorbed | $116M | $56.8M | $59.7M | +105% |
| Working capital & other | $23.5M | $23.3M | $209K | +0.9% |
Questions
How much did Netskope's revenue grow quarter over quarter in Q1 FY27?
Netskope's revenue rose $5.3M (+3%) from $196M in Q4 FY26 to $202M in Q1 FY27.
What drove Netskope's revenue change in Q1 FY27?
Indirect Channels +$5.9M (+3%); Direct End Customers −$672K (-9%).