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8-K ·Filed Jun 3, 2026

NTSK

Netskope Inc
MIXED
Impact 6/10
Horizonweeks Processed4mo ago SEC0001193125-26-255439
8-K Item 2.02: Earnings release
Actionable Insight ◆ Mixed

Revenue beat and raised guidance are positive, but the sharp cash flow reversal (from +$25.6M to -$53.9M operating cash flow) and CFO retirement create a mixed picture. The lock-up expiration overhang from March may still pressure the stock. Monitor the CFO search and next quarter's cash flow trajectory for signs of stabilization.

DirectionMixed
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
NTSK ▲ +50.45% at T+60d
NEUTRAL call +50.45% · α vs SPY +48.57% · entry $10.03 → $15.09
Entry = T+0 close
Jun 3, 2026
via day close
T+1d
-3.94%
call -3.94% · α -1.36%
$9.64
settled 5mo ago
T+5d
-13.16%
call -13.16% · α -10.61%
$8.71
settled 5mo ago
T+20d
+16.75%
call +16.75% · α +18.12%
$11.71
settled 4mo ago
T+60d
+50.45%
call +50.45% · α +48.57%
$15.09
settled 2mo ago

Price Chart

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Executive Summary

Netskope reported Q1 FY2027 revenue of $201.6M (+28% YoY) and non-GAAP EPS of -$0.06, beating consensus estimates of $198.2M and -$0.07. ARR grew 29% YoY to $845M. However, operating cash flow swung to -$53.9M from +$25.6M a year ago, and CFO Drew Del Matto announced his retirement, creating leadership uncertainty. The company raised full-year revenue guidance to $879M-$883M (from $870M-$876M), but free cash flow guidance remained at 2%-4%.

Key Financial Metrics

EPS
−$0.06
est −$0.07 · +14.3%
Revenue
$201.6M
est $198.2M · +1.7% · +28.0% YoY
Rating
beat
Guidance
$879M-$883M
raised
Free Cash Flow
-$57.2M
Gross Margin
74%

Key Facts

  • Q1 FY2027 revenue $201.6M, +28% YoY, above $198.2M consensus
  • Non-GAAP EPS -$0.06 vs consensus -$0.07 (beat)
  • ARR grew 29% YoY to $845M as of April 30, 2026
  • GAAP net loss per share -$0.29 vs -$0.76 YoY (narrowed)
  • Operating cash flow swung to -$53.9M from +$25.6M YoY; FCF -$57.2M vs +$17.5M YoY
  • Full-year FY2027 revenue guidance raised to $879M-$883M (from $870M-$876M)
  • CFO Drew Del Matto announced retirement; search for successor underway
  • GAAP operating loss widened to -$108.7M from -$45.4M YoY; non-GAAP operating loss -$29.2M vs -$28.6M
  • Cash & marketable securities $1.1B, down from $1.2B at Q4 end
  • Recent DEFA14A (7 days ago) signals ongoing proxy/board context

Financial Impact

Revenue beat of ~1.7% ($201.6M vs $198.2M consensus); EPS beat of ~14% (-$0.06 vs -$0.07); full-year guidance raised by ~$8M at midpoint

revenueepscashFlowarr

Risk Factors

  • CFO retirement creates leadership uncertainty during a growth phase
  • Operating cash flow swung sharply negative to -$53.9M from +$25.6M YoY
  • GAAP operating loss more than doubled to -$108.7M from -$45.4M YoY
  • Free cash flow margin collapsed to -28% from +11% YoY
  • Stock-based compensation remains high at $76M (38% of revenue)

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
96% bullish (24 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-255439
Document: ck0002063196-20260603.htm0001193125-26-255439
Document: 0001193125-26-255439-index-headers.html0001193125-26-255439
Document: 0001193125-26-255439-index.html0001193125-26-255439
Document: 0001193125-26-255439.txt0001193125-26-255439
8-K Data (Synthetic)0001193125-26-255439
20 reports for NTSK
Performance horizon
50% Hit rate @ T+20 2 of 4 directional calls Went positive at some point 3 of 4 best @ T+20▲ +23.78%Sep 2, 2026
Filters
Rows
Reports for NTSK — sortable, filterable
TypeNow
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$17.47 $21.15▲ +21.06%▲ +18.34%$24.28 (+38.98%)
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$17.47 $21.15▲ +21.06%▲ +18.09%$24.28 (+38.98%)
Sep 2, 2026
7w ago
8-K
BULLISH ★ 7/10
$14.34 $17.75▲ +23.78%▲ +24.97%$24.28 (+69.32%)
Sep 2, 2026
7w ago
Press Release
BULLISH ★ 8/10
$14.34 $17.75▲ +23.78%▲ +24.97%$24.28 (+69.32%)
Aug 9, 2026
11w ago
Institutional Cluster
BULLISH ★ 6/10
$15.67 $14.35▼ −8.42%▼ −7.51%$24.28 (+54.95%)
Aug 5, 2026
11w ago
Press Release
NEUTRAL ★ 1/10
$14.08 $13.75▼ −2.34%▼ −1.74%$24.28 (+72.44%)
Jul 14, 2026
14w ago
Insider Cluster
MIXED ★ 5/10
$13.25 $14.99▲ +13.13%▲ +10.79%$24.28 (+83.25%)
Jul 9, 2026
15w ago
Insider Cluster
NEUTRAL ★ 3/10
$12.32 $14.87▲ +20.70%▲ +18.27%$24.28 (+97.08%)
Jul 9, 2026
15w ago
Insider Cluster
NEUTRAL ★ 2/10
$12.32 $14.87▲ +20.70%▲ +18.27%$24.28 (+97.08%)
Jul 9, 2026
15w ago
Insider Cluster
NEUTRAL ★ 3/10
$12.32 $14.87▲ +20.70%▲ +18.27%$24.28 (+97.08%)
Showing 10 of 20

US Market Status

Market Closed — Opens Wed (12h 40m)

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Report published Jun 3, 2026