Cloud security provider Netskope filed to go public on the Nasdaq under the ticker NTSK, marking one of the biggest cybersecurity offerings of the year.
- Revenue Growth: Netskope posted $328.5 million in revenue for the first half of 2025, up 31% year over year.
- Profitability: Losses narrowed to $169.5 million, compared to $207 million a year earlier.
- Scale: Annual recurring revenue reached $707 million, highlighting the company’s traction with large enterprise clients like Qualcomm and BMO.
- Funding History: Netskope has raised ~$1.4B in venture capital, most recently at a $7.5B valuation in 2021. Major backers include Lightspeed Venture Partners, Iconiq Capital, and Accel.
- IPO Details: The company is seeking to raise over $500 million, which could value it at more than $5B. Morgan Stanley and J.P. Morgan are leading the offering.
Prime Unicorn Index Context
Netskope was last valued at roughly $3.7B following secondary transactions in the Prime Unicorn Index. See how Netskope has performed against the Prime Unicorn Composite Index below.
