Netskope, Inc. Class A Common Stock

NTSK

Software - Services · Technology

Price

$14.51

+0.13 (+0.90%)

Market Cap

$5.86B

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Apr 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+18.4% over 2y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 328.0M (2024) → 388.3M (2026)

Winston Score History

The full picture

A cloud-security company offering a unified platform (“Netskope One”) for data protection, secure access, visibility across apps/web/cloud, threat prevention, and networking optimizations especially for SaaS, web, hybrid, and AI workloads.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+27.8% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-38.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$509M/ year

↑ Rising (+100% vs prior year)

71.8% of revenue

4.8x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

3.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~5 years

$1.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

$1.1B cash & investments at current burn rate

Strong grower

Netskope, Inc. Class A Common Stock is growing revenue at 28% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

73.5%

Premium pricing power — 73.5% gross margin

Profit after running costs

Operating Margin

-53.9%

Losing money on operations — -53.9%

Return on the money invested

ROCE

-77.6%

Weak — -77.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+30.9%

Fast-growing sales (+30.9% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/6 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-8.1%

Burning cash (-8.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

4.25

Heavy debt load (4.25)

Covers its interest

Interest Cover

N/A

—

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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