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Braze vs Netskope: BRZE and NTSK compared
Braze is the larger company: $227M of revenue in its latest quarter (Q2 FY27) against $221M for Netskope (Q2 FY27). Netskope is growing faster (+29% against +26% a year earlier). Braze is more profitable, with an operating margin of -8.0% against -40.7%.
Where the money goes: BRZE and NTSK
Braze (BRZE) · Q2 FY27
Braze, Q2 FY27: revenue $227M (+26% year over year), operating margin -8.0%, net loss $18.3M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
Netskope (NTSK) · Q2 FY27
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.
| Braze (BRZE) | Netskope (NTSK) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $227M | $221M |
| Revenue growth, Y/Y | +26% | +29% |
| Operating margin | -8.0% | -40.7% |
| Net earnings | −$18.3M | −$111M |
| Net margin | -8.1% | -50.2% |
| Operating cash flow | $24.2M | −$16.5M |
| Free cash flow | $21.7M | — |
| Market value | $3.1B | — |
| Analysts’ mean target | $47.54 | — |
Where the revenue comes from
Braze
- Subscription: $208M (91%)
- Professional services and other: $19.6M (9%)
Netskope
- Indirect Channels: $214M (97%)
- Direct End Customers: $6.8M (3%)
Questions
Which is bigger, Braze or Netskope?
Braze is the larger company: $227M of revenue in its latest quarter (Q2 FY27) against $221M for Netskope (Q2 FY27).
Is Braze or Netskope growing faster?
Netskope is growing faster (+29% against +26% a year earlier).
Which is more profitable, Braze or Netskope?
Braze is more profitable, with an operating margin of -8.0% against -40.7%.
More: Braze earnings · how Braze makes money · Netskope earnings · how Netskope makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 9, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.