Netskope Inc
For the period ended Oct 31, 2025. Filed Dec 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Dec 11, 2025
NTSK$21.44-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended October 31, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(622,618) | $(277,472) | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||
| Stock-based compensation expense | 428,114 | 39,653 | ||
| Depreciation and amortization | 35,791 | 39,861 | ||
| Amortization of deferred contract acquisition costs | 39,419 | 33,198 | ||
| Non-cash operating lease expenses | 10,032 | 8,886 | ||
| (Accretion of discount) amortization of premium on investments, net | (552) | (1,547) | ||
| Change in fair value of convertible notes | 85,841 | 63,249 | ||
| Deferred income tax benefit | - | (2,254) | ||
| Other | 230 | 777 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | 63,566 | (12,481) | ||
| Inventories | 149 | 29 | ||
| Deferred contract acquisition costs | (55,755) | (43,503) | ||
| Prepaid expenses and other current assets | (20,164) | 927 | ||
| Other non-current assets | 2,251 | (675) | ||
| Accounts payable | 13,359 | 4,746 | ||
| Accrued compensation and benefits | 8,121 | 4,969 | ||
| Operating lease liabilities | (9,736) | (9,515) | ||
| Accrued expenses and other current liabilities | 9,397 | (4,467) | ||
| Deferred revenue | 29,574 | 37,753 | ||
| Other non-current liabilities | 2,931 | 1,068 | ||
| Net cash provided by (used in) operating activities | 19,950 | (116,798) | ||
| Cash flows from investing activities | ||||
| Purchases of property and equipment | (9,563) | (32,437) | ||
| Capitalized internal-use software | (1,990) | (2,579) | ||
| Purchases of intangible assets | - | (3,337) | ||
| Payments for business combination, net of cash acquired | - | (2,508) | ||
| Purchases of marketable securities | (197,145) | (40,636) | ||
| Proceeds from maturities of marketable securities | 63,601 | 120,514 | ||
| Proceeds from sales of marketable securities | 46,454 | - | ||
| Net cash (used in) provided by investing activities | (98,643) | 39,017 | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of common stock upon initial public offering, net of underwriting discount and commissions | 992,209 | - | ||
| Payments for deferred offering costs | (6,320) | - | ||
| Proceeds from issuance of common stock upon exercise of stock options | 31,174 | 22,743 | ||
| Proceeds from issuance of convertible senior notes, net of issuance cost | - | 74,355 | ||
| Payments for taxes upon net share settlement of equity awards | (117,205) | - | ||
| Payments for holdback on business combination | (2,524) | - | ||
| Net cash provided by financing activities | 897,334 | 97,098 | ||
| Net increase in cash, cash equivalents, and restricted cash | 818,641 | 19,317 | ||
| Cash, cash equivalents, and restricted cash, beginning of period | 167,197 | 165,770 | ||
| Cash, cash equivalents, and restricted cash, end of period | $985,838 | $185,087 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for amount included in the measurement of operating lease liabilities | $12,082 | $11,466 | ||
| Non-cash investing and financing activities: | ||||
| Stock-based compensation capitalized in internal-use software | $160 | $78 | ||
| Property and equipment purchased but not yet paid | $1,258 | $1,550 | ||
| Vesting of early exercised stock options | $458 | $1,264 | ||
| Issuance of common stocks in connection with acquisitions | $ | - | $17,857 | |
| Conversion of preferred stock into common stock | $1,050,561 | $ | - | |
| Amount of shares withheld to cover taxes upon settlement of equity awards, but not yet paid | $6,569 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.