Filing Flows › Netskope (NTSK) › Q4 FY26
Netskope (NTSK) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 31, 2026
Netskope (NTSK) reported revenue of $196M for the fourth quarter fiscal 2026 (Q4 FY26), +32% from a year earlier and +7% from the quarter before. Operating margin was -58.2%, net loss $56.8M (28.9% of revenue).
Netskope, Q4 FY26: revenue $196M (+32% year over year), operating margin -58.2%, net loss $56.8M, operating cash flow $18.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | +7% | +32% |
| Operating profit | −$114M | — | — |
| Net earnings | −$56.8M | — | — |
| Operating cash flow | $18.1M | +61% | +196% |
| Free cash flow | $4.0M | — | -2% |
What changed
Revenue was $196.3M in Q4 FY26, up 32% year over year and up 7% from the previous quarter. Indirect Channels was the largest line at 96% of revenue.
Gross margin was 73.0%, up 6.1 points from a year earlier. Operating costs exceeded revenue by $114.3M, an operating margin of -58.2%. Operating expenses grew 83% against revenue growth of 32%. The fastest-growing cost line was General & admin (+255%). The quarter ended with a net loss of $56.8M, narrower than the previous quarter's $453.1M loss. Non-operating items added $60.8M, -114% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $18.1M (up 196% year over year). Non-cash charges added back $10.1M of depreciation and amortization and $88.1M of share-based compensation. Working capital and other items used $23.3M. After purchase of property and equipment and intangible assets ($13.4M) and capitalized internal-use software ($790K), free cash flow as the company reports it was $4.0M.
Questions
What was Netskope's revenue in the fourth quarter fiscal 2026?
Netskope (NTSK) reported revenue of $196M for the fourth quarter fiscal 2026 (Q4 FY26), +32% from a year earlier and +7% from the quarter before.
Was Netskope profitable in the fourth quarter fiscal 2026?
Operating loss was $114M (-58.2% of revenue) and net loss $56.8M.
Source: Netskope 10-K on SEC EDGAR.