Demand and volumenegative · 4 filings
“The increase in revenue was driven by an increase in customers and the growing demand for our products from existing customers.”10-Q · Sep 2, 2026 ↗
Netskope, Inc.
NTSK
Market read
Netskope, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Revenue YoY+31.7%2026-01-31
Operating margin-92.0%-44.5 pts YoY
Company+4.3% todayVolume comparison unavailable
Market group0 of 1 activeCloud Cybersecurity · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Employee-related compensation increased by $45.1 million from headcount growth and IPO-related stock compensation and payroll taxes.
- Revenue growth was attributed to more customers and growing demand from existing customers, making customer additions and expansion the key demand read-through.
Invalidation: The isolated read changes if NTSK's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Employee-related compensation increased by $45.1 million from headcount growth and IPO-related stock compensation and payroll taxes.
- Revenue growth was attributed to more customers and growing demand from existing customers, making customer additions and expansion the key demand read-through.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods3
Price observations247
Usable filing statements119
Verified relationships9
Evidence supporting the case
- Latest annual revenue changed +31.7% year over year.
Evidence challenging the case
- Operating margin changed -44.5 percentage points in the latest annual period.
- Net margin changed -30.0 percentage points in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
15.096m+24.4%12m—24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2024-01-31$406.9M—$-3.77—
2025-01-31$538.3M+32.3%$-3.64+6.7%
2026-01-31$709.0M+31.7%$-3.18—
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposurepositive · 3 filings
“We expect to incur additional expenses as a result of operating as a public company, including costs to comply with the rules and regulations applicable to companies listed on a national securities exchange, costs related to compliance and reporting obligatio…”10-Q · Jun 3, 2026 ↗
Data center and AI demandmixed · 2 filings
“The change was primarily due to the additional investment in marketable securities and purchases of property and equipment, primarily data center-related equipment.”10-K · Mar 31, 2026 ↗
Macroeconomic conditionsnegative · 2 filings
“Inflation and related increases in interest rates could also increase our customers' operating costs, which could result in reduced security, networking, or analytics budgets, less demand for our platform and products, or delays in new orders, renewals or pay…”10-K · Mar 31, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
15.09+4.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for NTSK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for NTSK. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind NTSK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
AVGOBroadcom Inc.competitorJun 3, 2026 ▾
“Our primary competitors include companies such as Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler.”
CSCOCisco Systems, Inc.competitorJun 3, 2026 ▾
“Our primary competitors include companies such as Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler.”
Depended on by
FTNTFortinet, Inc.competitorMay 8, 2026 ▾
“Our competitors include companies such as Check Point Software Technologies Ltd., Cisco Systems, Inc.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
NTSK is currently a Leader in the organic co-movement group Cloud Cybersecurity. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NTSK; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.