Filing Flows › Netskope (NTSK) › Q3 FY26
Netskope (NTSK) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 11, 2025
Netskope (NTSK) reported revenue of $184M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and +8% from the quarter before. Operating margin was -242.7%, net loss $453M (246.0% of revenue).
Netskope, Q3 FY26: revenue $184M (+33% year over year), operating margin -242.7%, net loss $453M, operating cash flow $11.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $184M | +8% | +33% |
| Operating profit | −$447M | — | — |
| Net earnings | −$453M | — | — |
| Operating cash flow | $11.2M | — | — |
| Free cash flow | $10.6M | — | — |
What changed
Revenue was $184.2M in Q3 FY26, up 33% year over year and up 8% from the previous quarter. Indirect Channels was the largest line at 95% of revenue. Indirect Channels added $45.7M year over year (up 35%), 100% of the total change. Direct End Customers declined 1%.
Gross margin was 57.9%, down 8.3 points from a year earlier. Operating costs exceeded revenue by $447.0M, an operating margin of -242.7%. Operating expenses grew 280% against revenue growth of 33%. The fastest-growing cost line was General & admin (+709%). The quarter ended with a net loss of $453.1M, wider than the previous quarter's $90.3M loss.
Operating cash flow was $11.2M. Non-cash charges added back $10.3M of depreciation and amortization and $410.5M of share-based compensation. Working capital and other items added $43.5M. After purchase of property and equipment and intangible assets ($525K) and capitalized internal-used software ($117K), free cash flow as the company reports it was $10.6M.
Questions
What was Netskope's revenue in the third quarter fiscal 2026?
Netskope (NTSK) reported revenue of $184M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and +8% from the quarter before.
Was Netskope profitable in the third quarter fiscal 2026?
Operating loss was $447M (-242.7% of revenue) and net loss $453M.
Source: Netskope 10-Q on SEC EDGAR.