Netskope just threw its hat into the red-hot IPO ring, filing to go public on the Nasdaq under ticker "NTSK" as cybersecurity valuations soar. The cloud security platform's timing couldn't be better, with enterprise security deals dominating 2025's biggest tech transactions and investor appetite for cybersecurity stocks at multi-year highs.
Netskope just became the latest cybersecurity darling to chase public markets, filing Friday for an IPO on the Nasdaq as enterprise security valuations reach fever pitch. The Santa Clara-based cloud security platform will trade under ticker "NTSK," according to SEC filings that reveal a company riding the perfect storm of cybersecurity demand and IPO market revival.
The timing screams strategic brilliance. Netskope is surfing into public markets just as cybersecurity becomes the year's hottest M&A category, with Google's $32 billion Wiz acquisition and Palo Alto Networks' $25 billion CyberArk deal proving investors will pay premium valuations for security platforms. The company's annual recurring revenue surged 33% to $707 million, while total revenue jumped 31% to $328 million in the first half of 2025.
But Netskope isn't profitable yet, posting a $170 million net loss during the first half - though that's an improvement from the $207 million loss a year earlier. The path to profitability matters less in today's market, where growth-stage cybersecurity companies command massive premiums. Just look at how Figma more than tripled in its NYSE debut or soared 168% on its first trading day.
