Filing Flows › Netskope (NTSK) › Q1 FY27
Netskope (NTSK) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 3, 2026
Netskope (NTSK) reported revenue of $202M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and +3% from the quarter before. Operating margin was -53.9%, net loss $116M (57.8% of revenue).
Netskope, Q1 FY27: revenue $202M (+28% year over year), operating margin -53.9%, net loss $116M, operating cash flow −$53.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $202M | +3% | +28% |
| Operating profit | −$109M | — | — |
| Net earnings | −$116M | — | — |
| Operating cash flow | −$53.9M | -397% | — |
What changed
Revenue was $201.6M in Q1 FY27, up 28% year over year and up 3% from the previous quarter. Indirect Channels was the largest line at 97% of revenue. Indirect Channels added $45.5M year over year (up 30%), 104% of the total change. Direct End Customers declined 20%.
Gross margin was 73.5%, up 4.1 points from a year earlier. Operating costs exceeded revenue by $108.7M, an operating margin of -53.9%. Operating expenses grew 66% against revenue growth of 28%. The fastest-growing cost line was General & admin (+159%). The quarter ended with a net loss of $116.5M, wider than the previous quarter's $56.8M loss.
Operating cash flow was −$53.9M. Non-cash charges added back $10.1M of depreciation and amortization and $76.0M of share-based compensation. Working capital and other items used $23.5M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$56.1M.
Questions
What was Netskope's revenue in the first quarter fiscal 2027?
Netskope (NTSK) reported revenue of $202M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and +3% from the quarter before.
Was Netskope profitable in the first quarter fiscal 2027?
Operating loss was $109M (-53.9% of revenue) and net loss $116M.
Source: Netskope 10-Q on SEC EDGAR.