Filing Flows › Netskope (NTSK) › Q2 FY27 › vs Q2 FY26
Netskope (NTSK) Q2 FY27 vs Q2 FY26 (year over year)
Netskope's revenue rose $49.8M (+29%) from $171M in Q2 FY26 to $221M in Q2 FY27. The biggest changes: Indirect Channels +$51.5M (+32%); Direct End Customers −$1.7M (-20%).
Netskope, Q2 FY27: revenue $221M (+29% year over year), operating margin -40.7%, net loss $111M, operating cash flow −$16.5M. The chart draws each line against Q2 FY26, the increases inside each band.
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Indirect Channels | $214M | $162M | $51.5M | +32% |
| Direct End Customers | $6.8M | $8.6M | −$1.7M | -20% |
| Revenue | $221M | $171M | $49.8M | +29% |
| Net loss | $111M | $90.3M | $20.5M | +23% |
| Costs & expenses | $331M | $261M | $70.3M | +27% |
| Operating costs | $310M | $217M | $93.6M | +43% |
| Interest & other, net | $17.9M | $41.9M | −$24.0M | -57% |
| Income tax | $3.1M | $2.5M | $634K | +26% |
| Cost of revenue | $57.5M | $47.5M | $10.0M | +21% |
| Research & development | $102M | $72.9M | $28.9M | +40% |
| Sales & marketing | $106M | $78.0M | $27.9M | +36% |
| General & admin | $45.1M | $18.3M | $26.8M | +146% |
| Operating cash sources | $111M | $90.3M | $20.5M | +23% |
| Depreciation & amortization | $10.6M | $11.6M | −$980K | -8% |
| Share-based compensation | $63.0M | $7.6M | $55.4M | +734% |
| Working capital & other | $20.7M | $54.3M | −$33.6M | -62% |
| Cash used in operations | $16.5M | $16.9M | −$339K | -2% |
| Net loss absorbed | $111M | $90.3M | $20.5M | +23% |
Questions
How much did Netskope's revenue grow year over year in Q2 FY27?
Netskope's revenue rose $49.8M (+29%) from $171M in Q2 FY26 to $221M in Q2 FY27.
What drove Netskope's revenue change in Q2 FY27?
Indirect Channels +$51.5M (+32%); Direct End Customers −$1.7M (-20%).