The Offering
At the mid-point of the offer price, the IPO is expected to generate proceeds of $719.2 million after deducting charges. The management plans to use the proceeds primarily for general corporate purposes, including working capital, operating expenses, and capital expenditures. A portion of the amount could be used for acquiring or investing in complementary businesses, products, services, and technologies. It may also use a portion of the proceeds to repay debt.
Key Metrics
In the six months ended July 2025, Netskope’s revenue increased to $328.5 million from $251.3 billion in the corresponding period a year earlier. The company reported a net loss of $169.5 million or $1.59 per share for the period, compared to a loss of $206.7 million or $2.18 per share in the first half of fiscal 2024. Annual recurring revenue increased 33% year-over-year to $707 million as of July 31, 2025, compared to $531 million a year earlier.
Founded in 2012 and headquartered in Santa Clara, California, Netskope is a cybersecurity solutions provider specializing in cloud-native security solutions for modern enterprises. The platform enables secure access to cloud, web, and private applications, with advanced capabilities in data loss prevention, zero-trust network access, and threat protection. Its main competitors include Palo Alto Networks, Cisco and Zscaler.