Filing Flows › Netskope (NTSK) › Q2 FY27
Netskope (NTSK) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 2, 2026
Netskope (NTSK) reported revenue of $221M for the second quarter fiscal 2027 (Q2 FY27), +29% from a year earlier and +9% from the quarter before. Operating margin was -40.7%, net loss $111M (50.2% of revenue).
Netskope, Q2 FY27: revenue $221M (+29% year over year), operating margin -40.7%, net loss $111M, operating cash flow −$16.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +9% | +29% |
| Operating profit | −$89.8M | — | — |
| Net earnings | −$111M | — | — |
| Operating cash flow | −$16.5M | — | — |
What changed
Revenue was $220.5M in Q2 FY27, up 29% year over year and up 9% from the previous quarter. Indirect Channels was the largest line at 97% of revenue. Indirect Channels added $51.5M year over year (up 32%), 103% of the total change. Direct End Customers declined 20%.
Gross margin was 73.9%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $89.8M, an operating margin of -40.7%. Operating expenses grew 49% against revenue growth of 29%. The fastest-growing cost line was General & admin (+146%). The quarter ended with a net loss of $110.8M, narrower than the previous quarter's $116.5M loss.
Operating cash flow was −$16.5M. Non-cash charges added back $10.6M of depreciation and amortization and $63.0M of share-based compensation. Working capital and other items added $20.7M. Capital expenditures of $13.0M exceeded it, leaving free cash flow of −$29.5M.
Questions
What was Netskope's revenue in the second quarter fiscal 2027?
Netskope (NTSK) reported revenue of $221M for the second quarter fiscal 2027 (Q2 FY27), +29% from a year earlier and +9% from the quarter before.
Was Netskope profitable in the second quarter fiscal 2027?
Operating loss was $89.8M (-40.7% of revenue) and net loss $111M.
Source: Netskope 10-Q on SEC EDGAR.