Quarterly ResultJun 3, 2026, 04:13 PM
Netskope Q1 FY27 Revenue $201.6M (+28% YoY); CFO to Retire
AI Summary
Netskope announced its first quarter fiscal 2027 financial results, reporting a 28% year-over-year increase in revenue to $201.6 million and a 29% rise in Annual Recurring Revenue (ARR) to $845 million. The company also announced the planned retirement of its Chief Financial Officer, Drew Del Matto, who will remain until a successor is found. While gross margins improved, the company saw a widening GAAP loss from operations and a shift from positive to negative cash flow from operations compared to the prior year.
Key Highlights
- Netskope Q1 FY27 revenue increased 28% year-over-year to $201.6 million.
- Annual Recurring Revenue (ARR) grew 29% year-over-year to $845 million.
- GAAP gross margin improved to 74% from 69% YoY.
- GAAP loss from operations widened to $(108.7) million from $(45.4) million YoY.
- Non-GAAP loss from operations was $(29.2) million, compared to $(28.6) million YoY.
- GAAP net loss per share was $(0.29) compared to $(0.76) YoY.
- Non-GAAP net loss per share was $(0.06) compared to $(0.28) YoY.
- Cash used in operations was $(53.9) million, a decrease from $25.6 million provided by operations YoY.
Price Impact
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