Quarterly ResultJun 3, 2026, 05:12 PM
Netskope Q1 Revenue $201.6M; Net Loss $(116.5)M
AI Summary
Netskope reported its first-quarter results for 2026, with revenue increasing to $201.6 million from $157.7 million in the prior year. Despite the revenue growth, the company's net loss widened to $(116.5) million, compared to a net loss of $(79.2) million in Q1 2025, primarily due to a significant increase in operating expenses. Cash used in operating activities also shifted to a negative $(53.9) million from positive cash flow in the previous year.
Key Highlights
- Revenue increased to $201.6 million in Q1 2026, up from $157.7 million in Q1 2025.
- Net loss widened to $(116.5) million in Q1 2026, from $(79.2) million in Q1 2025.
- Loss per share improved to $(0.29) in Q1 2026, compared to $(0.76) in Q1 2025.
- Total operating expenses surged to $257.0 million, up from $154.9 million year-over-year.
- Cash used in operating activities was $(53.9) million, a decrease from $25.6 million provided in Q1 2025.
- Americas revenue grew to $112.1 million, while EMEA revenue reached $52.4 million.
- Cash and cash equivalents decreased to $205.9 million from $432.6 million.
Price Impact
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