Netskope's IPO Filing Reveals Surging Sales, Improved Losses

Second Cyber IPO Filing of 2025, Netskope Shows Huge Reliance on Channel Partners Michael Novinson (MichaelNovinson) • August 22, 2025

Netskope became the second cybersecurity company to pursue an initial public offering this year, revealing increased sales, improved losses and a heavy reliance on channel partners.

See Also: Post-Quantum Cryptography - A Fundamental Pillar in the Future of Cybersecurity [ES]

The Silicon Valley-based SASE provider said nearly 95% of its $328.5 million in revenue in the first half of fiscal year 2025 flowed through channel partners and managed service providers, with the firm's largest channel partner representing 13% of total revenue. If the IPO goes through, Netskope will become the second pure-play SASE firm to be publicly traded, alongside Zscaler, which went public in March 2018.

"Becoming a public company is not the destination, but rather another significant milestone on our journey ...