Netskope Inc (NASDAQ: NTSK) is a cloud security company that delivers a unified security and networking platform called Netskope One, designed to protect enterprise users, devices, and data across cloud applications, private applications, and the broader internet. Revenue comes from subscription fees tied to the number of users and applications covered on the Netskope One platform. The company competes in the cloud security and Secure Access Service Edge market against large technology vendors that bundle security into broader product suites, as well as point-solution specialists. Netskope completed its IPO in September 2025, issuing 54,970,000 shares of Class A common stock at $19.00 per share. The company has generated net losses in every period since inception, including net losses of $679.4 million, $354.5 million, and $344.9 million in fiscal 2026, fiscal 2025, and fiscal 2024, respectively, with an accumulated deficit of $2.6 billion as of January 31, 2026.

Revenue model

Subscription-based pricing tied to user counts, number of applications covered, and geographic deployment scope on the Netskope One platform. Customers expand spend by adding users, departments, and application coverage over time.

Products and services

Netskope One: a unified platform combining cloud security, networking, and analytics delivered over the NewEdge global private cloud network. Covers Software-as-a-Service applications, private applications, web traffic, and AI agent interactions.

Customers and end markets

Enterprise organizations managing distributed, hybrid, and remote workforces. End markets include U.S. federal government (FedRAMP High Authorization achieved as of filing date), mid-market businesses via managed service providers, and commercial enterprises across the Americas and international geographies.

Value-chain role

Cloud-native security and networking vendor sitting between enterprise users and cloud or private applications, inspecting and securing traffic in-line via the NewEdge network rather than routing through on-premises appliances.

Geographic exposure

Americas (United States, Canada, Latin America) as primary market, with international expansion underway. U.S. federal government identified as a distinct growth channel following FedRAMP High Authorization.

Competitors

Large technology companies with broad product suites that bundle security functionality, Single-threat point-solution security vendors, First-generation cloud security providers

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Prepackaged Software