Netskope Inc
NTSK · Services-Prepackaged Software · 91.4M shares · EDGAR filings ↗
Reference price $9.00 · est. market cap ~$823M — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54SASE / cloud-security SaaS (recent IPO) — deep GAAP losses but slightly free-cash-flow positive with rapid growth.
Strengths
- Rapid growth, slight positive FCF — revenue +32% (90th), FCF $15M (18th)
- High gross margin — 68%
Risks
- Deep GAAP losses — operating margin -92%, net margin -96%
- Negative equity (ROE artifact) — per metrics
- Competition — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -95.8%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, RENAISSANCE TECHNOLOGIES LLC
- Strong balance sheetStrong balance sheet — $1.2B cash & investments
- Notable holderHeld by 5 notable fund(s): GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC, STATE STREET CORP +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 18 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$63M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
68.1%
Operating margin
-92.0%
Net margin
-95.8%
Return on equity
-349.2%
Return on assets
-38.3%
Revenue growth (QoQ)
2.7%
Current ratio
2.1×
Free cash flow
$15M
EBITDA
-$607M
Tangible book value
$112M
Cash & investments
$1.2B
Stock comp / revenue
72.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Janmohamed Arif | Sell | 336K | $9.00 |
| 2026-06-15 | Lightspeed Venture Partners Select, L.P. | Sell | 336K | $9.00 |
| 2026-06-15 | Lightspeed Venture Partners IX, L.P. | Sell | 336K | $9.00 |
| 2026-06-12 | Lightspeed Venture Partners Select, L.P. | Sell | 1.3M | $9.19 |
| 2026-06-12 | Lightspeed Venture Partners IX, L.P. | Conversion | 1.6M | — |
| 2026-06-12 | Lightspeed Venture Partners IX, L.P. | Sell | 1.3M | $9.19 |
| 2026-06-12 | Janmohamed Arif | Conversion | 1.6M | — |
| 2026-06-12 | Janmohamed Arif | Sell | 1.3M | $9.19 |
| 2026-06-12 | Lightspeed Venture Partners Select, L.P. | Conversion | 1.6M | — |
| 2026-04-01 | Bousquet Raphael | Conversion | 59K | — |
| 2026-04-01 | Bousquet Raphael | Tax withheld | 8.1K | $8.49 |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.0M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 8.1M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 12.0M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 18.9M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 1.9M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 1.5M | — |
| 2026-03-13 | Griffith William J.G. | Conversion | 351K | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.1M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 18.9M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 1.9M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 1.5M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 351K | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.1M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.0M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 18.9M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 1.9M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 1.5M | — |
| 2026-03-13 | ICONIQ Strategic Partners VI, L.P. | Conversion | 351K | — |
| 2026-01-12 | Bousquet Raphael | Sell | 3.8K | $16.66 |
| 2026-01-12 | Bousquet Raphael | Conversion | 3.8K | — |
| 2026-01-09 | Bousquet Raphael | Conversion | 3.2K | — |
| 2026-01-09 | Bousquet Raphael | Sell | 3.2K | $16.38 |
| 2026-01-08 | Bousquet Raphael | Conversion | 3.2K | — |
| 2026-01-08 | Bousquet Raphael | Conversion | 59K | — |
| 2026-01-08 | Bousquet Raphael | Sell | 3.2K | $16.97 |
| 2026-01-07 | Beri Sanjay | Conversion | 32K | — |
| 2026-01-07 | Beri Sanjay | Sell | 32K | $17.58 |
| 2026-01-06 | Beri Sanjay | Conversion | 178K | — |
| 2026-01-06 | Beri Sanjay | Sell | 178K | $17.13 |
| 2026-01-06 | DEL MATTO ANDREW H | Sell | 50K | $17.16 |
| 2026-01-06 | DEL MATTO ANDREW H | Conversion | 50K | — |
| 2026-01-05 | DEL MATTO ANDREW H | Conversion | 39K | — |
| 2026-01-05 | DEL MATTO ANDREW H | Sell | 39K | $17.34 |
| 2026-01-05 | Beri Sanjay | Conversion | 176K | — |
| 2026-01-05 | Beri Sanjay | Sell | 176K | $17.33 |
| 2026-01-02 | Beri Sanjay | Sell | 346K | $16.91 |
| 2026-01-02 | DEL MATTO ANDREW H | Conversion | 77K | — |
| 2026-01-02 | Beri Sanjay | Conversion | 346K | — |
| 2026-01-02 | DEL MATTO ANDREW H | Sell | 77K | $16.92 |
| 2025-12-31 | Beri Sanjay | Conversion | 109K | — |
| 2025-12-31 | Beri Sanjay | Sell | 109K | $17.67 |
| 2025-12-31 | DEL MATTO ANDREW H | Conversion | 33K | — |
| 2025-12-31 | DEL MATTO ANDREW H | Sell | 33K | $17.67 |
| 2025-12-09 | Salem Enrique T | Conversion | 1.2M | — |
| 2025-12-03 | Salem Enrique T | Conversion | 200K | — |
| 2025-11-24 | DEL MATTO ANDREW H | Conversion | 41K | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 4.3M | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 8.8M | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 7.5M | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 15.6M | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 7.8M | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 219K | — |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 500 | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 20.2M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 8.8M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 7.5M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 15.6M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 7.8M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 4.3M | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 219K | — |
| 2025-09-19 | Lightspeed Venture Partners Select, L.P. | Other | 500 | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 20.2M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 8.8M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 7.5M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 15.6M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 7.8M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 4.3M | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 219K | — |
| 2025-09-19 | Lightspeed Venture Partners IX, L.P. | Other | 500 | — |
| 2025-09-19 | Salem Enrique T | Other | 1.2M | — |
| 2025-09-19 | Salem Enrique T | Other | 200K | — |
| 2025-09-19 | Janmohamed Arif | Other | 4.3M | — |
| 2025-09-19 | Griffith William J.G. | Other | 8.1M | — |
| 2025-09-19 | Griffith William J.G. | Other | 12.0M | — |
| 2025-09-19 | Griffith William J.G. | Other | 18.9M | — |
| 2025-09-19 | Griffith William J.G. | Other | 12.9M | — |
| 2025-09-19 | Griffith William J.G. | Other | 10.1M | — |
| 2025-09-19 | Griffith William J.G. | Other | 2.3M | — |
| 2025-09-19 | Griffith William J.G. | Conversion | 10.9M | — |
| 2025-09-19 | Griffith William J.G. | Conversion | 8.6M | — |
| 2025-09-19 | Griffith William J.G. | Conversion | 2.0M | — |
| 2025-09-19 | Griffith William J.G. | Buy | 295K | $19.00 |
| 2025-09-19 | Griffith William J.G. | Buy | 231K | $19.00 |
| 2025-09-19 | Griffith William J.G. | Buy | 596K | $19.00 |
| 2025-09-19 | Griffith William J.G. | Buy | 878K | $19.00 |
| 2025-09-19 | Alexy Kimberly | Other | 422K | — |
| 2025-09-19 | Bousquet Raphael | Other | 44K | — |
| 2025-09-19 | DEL MATTO ANDREW H | Other | 75K | — |
| 2025-09-19 | Beri Sanjay | Other | 405K | — |
| 2025-09-19 | Beri Sanjay | Other | 22.3M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 8.1M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 12.0M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 18.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 12.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 10.1M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 2.3M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 10.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.6M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 2.0M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 295K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 231K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 596K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 878K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 8.1M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 12.0M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 18.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 12.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 10.1M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Other | 2.3M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 10.9M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.6M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Conversion | 2.0M | — |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 295K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 231K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 596K | $19.00 |
| 2025-09-19 | ICONIQ Strategic Partners VI, L.P. | Buy | 878K | $19.00 |
| 2025-09-19 | Lightspeed SPV II, LLC | Other | 20.2M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 4.0M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 18.9M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.9M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 10.1M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 2.3M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 7.8M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 4.0M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 12.0M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 18.9M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 12.9M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.1M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 10.1M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 2.3M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 20.2M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 8.8M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 7.5M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 15.6M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 7.8M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 8.1M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.0M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 18.9M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.9M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 10.1M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 2.3M | — |
| 2025-09-18 | Lightspeed Venture Partners Select, L.P. | Conversion | 4.0M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 20.2M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 8.8M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 7.5M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 15.6M | — |
| 2025-09-18 | Lightspeed SPV II, LLC | Conversion | 7.8M | — |
| 2025-09-18 | ICONIQ Strategic Partners VI, L.P. | Conversion | 12.0M | — |
| 2025-09-18 | Janmohamed Arif | Conversion | 4.0M | — |
| 2025-09-18 | Griffith William J.G. | Conversion | 8.1M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 20.2M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 8.8M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 7.5M | — |
| 2025-09-18 | Lightspeed Venture Partners IX, L.P. | Conversion | 15.6M | — |
| 2025-09-17 | Bousquet Raphael | Option exercise | 94K | — |
| 2025-09-17 | Bousquet Raphael | Tax withheld | 50K | $19.00 |
| 2025-09-17 | DEL MATTO ANDREW H | Option exercise | 166K | — |
| 2025-09-17 | DEL MATTO ANDREW H | Tax withheld | 91K | $19.00 |
| 2025-09-17 | Beri Sanjay | Option exercise | 903K | — |
| 2025-09-17 | Beri Sanjay | Tax withheld | 497K | $19.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-03 | 0001193125-26-255439 ↗ |
| 10-Q | 2026-06-03 | 2026-04-30 | 0001193125-26-255732 ↗ |
| 10-K | 2026-03-31 | 2026-01-31 | 0001193125-26-135011 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0001193125-26-102142 ↗ |
| 10-Q | 2025-12-11 | 2025-10-31 | 0001193125-25-316190 ↗ |
| 8-K | 2025-12-11 | 2025-12-11 | 0001193125-25-315967 ↗ |
| 8-K | 2025-09-23 | 2025-09-19 | 0001193125-25-213627 ↗ |