NI

Netskope, Inc. Class A Common Stock

NTSK·NASDAQ

$12.40

+2.9%
TechnologySoftware - Services

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.

At a Glance

Live Snapshot
Market Cap$4.96B
EPS-3.1800
P/E Ratio-3.90
Earnings Date06/03/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -3.9).

Valuation inputs: P/E -3.9, earnings yield N/A, momentum +2.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -3.5%, ROIC -59.2%).

Profitability stack: net margin -95.8%, ROE -3.5%, ROIC -59.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +89.0%, momentum +2.9%, net margin -95.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Netskope, Inc. Class A Common Stock Market vs Earnings Trajectory

NTSK · NASDAQ

Loading price and EPS data...

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Netskope, Inc. Class A Common Stock Fair Value Envelope

NTSK · NASDAQ

Our analysis suggests that NTSK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $12.4, this represents a potential HIDDEN relative to our calculated worth for Netskope, Inc. Class A Common Stock.

Intrinsic Value
Current Price: $12.4
3Y+203.0%
5Y+203.0%
10Y+203.0%
3Y+74.0%
5Y+74.0%
10Y+74.0%
3Y+97.0%
5Y+97.0%
10Y+97.0%
3Y-123.0%
5Y-123.0%
10Y-123.0%
3Y-107.0%
5Y-107.0%
10Y-107.0%
3Y+129.0%
5Y+129.0%
10Y+129.0%
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Netskope, Inc. Class A Common Stock Profit Bridge

NTSK · NASDAQ
Revenue709.00M
Cost of Goods Sold (226.33M)
Gross Profit482.67M
Operating Expenses (1.14B)
Operating Income-652.58M
Interest Expense (0.00)
Other Income/Expense-15.47M
Pretax Income-668.05M
Income Tax (11.34M)
Net Income-679.39M
Net Income
-679.39M

Profitability Analysis

Gross Margin

68.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-92.0%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-95.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

68.08%
Gross Profit Margin
5%
3Y+14.0%
5Y+14.0%
10Y+14.0%
-92.04%
Operating Profit Margin
94%
3Y+20.0%
5Y+20.0%
10Y+20.0%
-95.82%
Net Profit Margin
45%
3Y+13.0%
5Y+13.0%
10Y+13.0%
-349.24%
Return on Equity
-578%
3Y-360.0%
5Y-360.0%
10Y-360.0%
-38.33%
Return on Assets
-7%
3Y-14.0%
5Y-14.0%
10Y-14.0%
-59.24%
Return on Invested Capital
-21%
3Y-32.0%
5Y-32.0%
10Y-32.0%
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Netskope, Inc. Class A Common Stock Cash Conversion Engine

NTSK · NASDAQ
Net Income-679.39M
Depreciation & Amortization42.52M
Stock-Based Compensation516.19M
Change in Working Capital0.00
Others161.00M
Capital Expenditures-22.92M
Free Cash Flow15.15M

Cash Flow Quality Analysis

FCF Conversion Rate

-2.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

60.2%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+110.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

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Netskope, Inc. Class A Common Stock Funding & Solvency Profile

NTSK · NASDAQ
Cash & Cash Equivalents470.80M
Net Receivables158.28M
Inventory4.90M
Other Current Assets127.60M
Total Current Assets1 B
Property, Plant & Equipment125.97M
Goodwill & Intangible Assets82.49M
Long-Term Investments0.00
Other Non-Current Assets114.87M
Total Non-Current Assets241 M
Total Assets
1.77B

Financial Health Analysis

Current Ratio

2.13x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

8.11x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

767 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

82% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Netskope, Inc. Class A Common Stock Street Expectations Map

NTSK · NASDAQ

Wall Street analysts project that NTSK stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 20.20, with estimates ranging from a low of 15.00 to a high of 26.00.

Lowest Target
15.00
20.97%
Consensus Target
20.20
62.90%
Highest Target
26.00
109.68%

The consensus 1-year price target stands at 20.20, with estimates ranging from a low of 15.00 to a high of 26.00.

Analyst Consensus Analysis

Upside Potential

+62.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

54.5% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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Netskope, Inc. Class A Common Stock Insider Positioning

NTSK · NASDAQ

During the last 12 months, insiders have purchased $5.61M and sold $18.02M worth of NTSK shares, resulting in $12.41M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

1.0M

18.02M

Net Activity

-18.0M

-$18.02M

6-9 Months

Bought

295.2K

5.61M

Sold

0

0.00

Net Activity

+5.6M

+$5.61M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
ISPVL

Iconiq Strategic Partners Vi, L.P.

10 Percent Owner

295.2K shares1 transactions

$5.61M

Top Sellers

1
BS

Beri Sanjay

Director, Officer: Ceo And Chairman

840.4K shares5 transactions

$14.43M

2
DMAH

Del Matto Andrew H

Officer: Chief Financial Officer

199.1K shares4 transactions

$3.42M

3
BR

Bousquet Raphael

Officer: Chief Revenue Offucer

10.2K shares3 transactions

$171K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $12.41M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.31:1

Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

NTSK has not reported any dividend yield values in the available annual periods.

 

ntsk Dividend History

NTSK
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%