Netskope, a leading provider of cloud-based cybersecurity solutions, revealed on Friday that its revenue surged 30.7% in the first half of fiscal 2026, according to documents filed for its upcoming U.S. initial public offering. The Santa Clara, California-based firm is positioning itself to join a growing wave of companies targeting public debuts in September, as the fall IPO window looks increasingly active following the typical summer lull.
The company’s filing shows it generated $328.5 million in revenue for the six months ended July 31, compared with $251.3 million in the same period last year. Losses also narrowed, with Netskope reporting a net loss of $169.5 million versus a $206.7 million loss a year earlier. The improved financial performance could bolster investor confidence as the company prepares to market its shares. According to earlier Reuters reporting, Netskope’s IPO is expected to raise more than $500 million and value the firm at over $5 billion. The company will sell shares directly in the offering.
Netskope’s planned IPO arrives during what could be one of the busiest stretches for the U.S. equity capital markets in recent years. Several companies—including transit-tech firm Via, crypto exchange Gemini, engineering group Legence, blockchain lender Figure, and coffee chain Black Rock—have already filed paperwork with regulators to pursue New York listings in the coming weeks. If market conditions hold, September could mark the strongest IPO environment since before the pandemic.
Founded in 2012, Netskope has built its reputation as a pioneer in cloud-based security, helping enterprises protect applications, websites, and data from increasingly sophisticated cyber threats. Its customer base spans global blue-chip corporations and mid-sized businesses alike, with clients including Qualcomm, Canadian lender BMO, and U.S. retail giant Home Depot. The firm’s strong enterprise presence highlights its role at the forefront of the cybersecurity industry’s shift toward cloud and data-centric defense solutions.
Netskope has long been a favorite among venture investors. In 2021, the company raised $300 million at a $7.5 billion valuation in a funding round led by ICONIQ Growth. Other major backers include Lightspeed Venture Partners and Accel, both of which have deep track records in scaling enterprise software companies.
To bring its IPO to market, Netskope has tapped a wide syndicate of Wall Street banks, with Morgan Stanley and J.P. Morgan serving as lead underwriters. In total, more than 10 firms will participate in the deal, underscoring the anticipated demand for shares. Netskope plans to list on the Nasdaq under the ticker symbol NTSK.
The company’s debut will be closely watched as a bellwether for investor appetite in the cybersecurity and enterprise software sectors. Strong results could encourage other private tech companies to accelerate their own public listings, adding further momentum to what is shaping up to be a pivotal fall IPO season.
Pump Radar
Stock Alerts