NTCT · Netscout Systems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $186.75M | $250.68M | $219.02M | $174.56M | $252.02M | $191.11M | $211.14M | $218.07M | $196.80M | $208.81M |
| Cost of Revenue | $43.42M | $46.03M | $43.61M | $44.37M | $46.61M | $42.06M | $50.40M | $43.62M | $43.05M | $57.71M |
| Gross Profit | $143.32M | $204.65M | $175.41M | $130.20M | $205.41M | $149.05M | $160.74M | $174.45M | $153.75M | $151.10M |
| R&D | $39.79M | $39.63M | $40.27M | $42.47M | $37.75M | $35.91M | $45.52M | $37.02M | $35.11M | $43.46M |
| SG&A | $27.86M | $24.13M | $26.26M | $25.58M | $23.48M | $23.74M | $28.21M | $23.11M | $22.65M | $24.79M |
| Total Operating Expenses | $149.89M | $140.34M | $142.92M | $593.52M | $143.69M | $134.93M | $165.44M | $308.89M | $127.46M | $160.22M |
| D&A | $14.46M | - | - | $16.41M | - | - | $19.44M | - | - | $21.59M |
| Operating Income | ($6.56M) | $64.31M | $32.49M | ($463.32M) | $61.71M | $14.12M | ($4.70M) | ($134.45M) | $26.29M | ($9.13M) |
| Interest Expense | $415.0K | $456.0K | $421.0K | $1.95M | $2.65M | $1.80M | $2.09M | $2.21M | $2.17M | $1.86M |
| Income Tax | $851.0K | $11.47M | $5.55M | ($10.32M) | $8.56M | $3.30M | ($1.13M) | ($1.14M) | $6.01M | ($3.35M) |
| Net Income | ($3.68M) | $55.14M | $25.83M | ($443.38M) | $48.81M | $9.03M | ($4.20M) | ($132.58M) | $21.46M | ($7.13M) |
| EPS - Basic | ($0.05) | $0.76 | $0.36 | ($6.20) | $0.68 | $0.13 | ($0.06) | ($1.87) | $0.30 | ($0.10) |
| EPS - Diluted | ($0.05) | $0.75 | $0.35 | ($6.20) | $0.67 | $0.13 | ($0.06) | ($1.87) | $0.29 | ($0.10) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $586.50M | $540.64M | $483.38M | $457.42M | $398.36M | $363.36M | $389.67M | $297.65M | $279.94M | $386.79M |
| Accounts Receivable | $151.47M | $234.55M | $130.16M | $163.65M | $214.59M | $118.63M | $192.10M | $221.57M | $152.60M | $143.85M |
| Inventory | $13.32M | $12.41M | $12.38M | $12.89M | $14.41M | $16.39M | $14.10M | $15.34M | $15.91M | $17.96M |
| Accounts Payable | $23.49M | $17.25M | $14.71M | $18.21M | $13.69M | $13.91M | $14.51M | $15.13M | $15.57M | $16.47M |
| Current Assets | $867.88M | $856.85M | $708.03M | $713.18M | $692.16M | $583.71M | $672.49M | $609.32M | $540.52M | $617.36M |
| Total Assets | $2.35B | $2.32B | $2.18B | $2.19B | $2.17B | $2.07B | $2.60B | $2.59B | $2.70B | $2.82B |
| Current Liabilities | $470.15M | $442.59M | $377.43M | $407.93M | $381.77M | $347.10M | $395.08M | $382.25M | $359.12M | $453.61M |
| Long-term Debt | - | - | - | $0 | $75.00M | $75.00M | $100.00M | $100.00M | $100.00M | $100.00M |
| Total Liabilities | $705.26M | $680.38M | $602.63M | $626.18M | $654.16M | $611.28M | $703.24M | $685.90M | $658.04M | $790.91M |
| Stockholders' Equity | $1.65B | $1.64B | $1.57B | $1.56B | $1.52B | $1.46B | $1.89B | $1.90B | $2.04B | $2.03B |
| Retained Earnings | $51.09M | $32.85M | ($22.29M) | ($44.44M) | ($63.06M) | ($111.87M) | $322.48M | $354.90M | $487.48M | $470.21M |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $73.55M | - | - | $38.43M | - | - | ($22.37M) | - | - | ($12.52M) |
| Investing Cash Flow | ($17.29M) | - | - | ($3.09M) | - | - | ($19.13M) | - | - | $22.52M |
| Financing Cash Flow | ($28.78M) | - | - | ($62.16M) | - | - | ($13.40M) | - | - | ($310.85M) |
| CapEx | $1.88M | - | - | $1.27M | - | - | $1.96M | - | - | $2.20M |
| Free Cash Flow | $71.67M | - | - | $37.16M | - | - | ($24.32M) | - | - | ($14.72M) |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 76.7% | 81.6% | 80.1% | 74.6% | 81.5% | 78.0% | 76.1% | 80.0% | 78.1% | 72.4% |
| Operating margin | -3.5% | 25.7% | 14.8% | -265.4% | 24.5% | 7.4% | -2.2% | -61.7% | 13.4% | -4.4% |
| EBITDA margin | 4.2% | - | - | -256.0% | - | - | 7.0% | - | - | 6.0% |
| Net margin | -2.0% | 22.0% | 11.8% | -254.0% | 19.4% | 4.7% | -2.0% | -60.8% | 10.9% | -3.4% |
| Free cash flow margin | 38.4% | - | - | 21.3% | - | - | -11.5% | - | - | -7.1% |
| FCF / Net income | -19.48 | - | - | -0.08 | - | - | 5.79 | - | - | 2.06 |
| R&D / Revenue | 21.3% | 15.8% | 18.4% | 24.3% | 15.0% | 18.8% | 21.6% | 17.0% | 17.8% | 20.8% |
| SG&A / Revenue | 14.9% | 9.6% | 12.0% | 14.7% | 9.3% | 12.4% | 13.4% | 10.6% | 11.5% | 11.9% |
| Effective tax rate | - | 17.2% | 17.7% | - | 14.9% | 26.8% | - | - | 21.9% | - |
| Return on assets | -0.2% | 2.4% | 1.2% | -20.3% | 2.2% | 0.4% | -0.2% | -5.1% | 0.8% | -0.3% |
| Return on equity | -0.2% | 3.4% | 1.6% | -28.4% | 3.2% | 0.6% | -0.2% | -7.0% | 1.1% | -0.4% |
| Return on invested capital | - | - | - | -23.5% | 3.3% | 0.7% | -0.2% | -5.3% | 1.0% | -0.3% |
| Liquidity | ||||||||||
| Current ratio | 1.85 | 1.94 | 1.88 | 1.75 | 1.81 | 1.68 | 1.70 | 1.59 | 1.51 | 1.36 |
| Quick ratio | 1.82 | 1.91 | 1.84 | 1.72 | 1.78 | 1.63 | 1.67 | 1.55 | 1.46 | 1.32 |
| Cash ratio | 1.25 | 1.22 | 1.28 | 1.12 | 1.04 | 1.05 | 0.99 | 0.78 | 0.78 | 0.85 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Debt / Assets | - | - | - | 0.00 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Debt / EBITDA | - | - | - | - | - | - | 6.78 | - | - | 8.03 |
| Interest coverage | -15.8x | 141.0x | 77.2x | -238.2x | 23.3x | 7.8x | -2.2x | -60.9x | 12.1x | -4.9x |
| Equity multiplier | 1.43 | 1.41 | 1.38 | 1.40 | 1.43 | 1.42 | 1.37 | 1.36 | 1.32 | 1.39 |
| Liabilities / Assets | 0.30 | 0.29 | 0.28 | 0.29 | 0.30 | 0.30 | 0.27 | 0.26 | 0.24 | 0.28 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | 0.11 | 0.10 | 0.08 | 0.12 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 |
| Inventory turnover | 3.26 | 3.71 | 3.52 | 3.44 | 3.23 | 2.57 | 3.58 | 2.84 | 2.71 | 3.21 |
| Days sales outstanding | 296d | 342d | 217d | 342d | 311d | 227d | 332d | 371d | 283d | 251d |
| Days inventory outstanding | 112d | 98d | 104d | 106d | 113d | 142d | 102d | 128d | 135d | 114d |
| Days payable outstanding | 197d | 137d | 123d | 150d | 107d | 121d | 105d | 127d | 132d | 104d |
| Cash conversion cycle | 211d | 303d | 197d | 298d | 316d | 248d | 329d | 373d | 286d | 261d |
| Valuation | ||||||||||
| P / E | - | 36.1x | 73.8x | - | 32.3x | 167.3x | - | - | 96.6x | - |
| P / B | 1.4x | 1.2x | 1.2x | 1.0x | 1.0x | 1.1x | 0.8x | 0.8x | 1.0x | 1.0x |
| P / S | 12.2x | 8.0x | 8.6x | 8.6x | 6.2x | 8.2x | 7.4x | 7.2x | 10.4x | 9.9x |
| EV / EBITDA | 214.6x | - | - | - | - | - | 86.3x | - | - | 143.6x |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.0% | -0.5% | 14.6% | -17.3% | 15.6% | -2.9% | 1.1% | -19.1% | -13.7% | 9.7% |
| Revenue CAGR (3y) | -3.7% | -2.4% | -1.3% | -2.8% | -1.3% | -3.4% | 4.7% | -1.6% | -1.4% | 3.9% |
| Revenue CAGR (5y) | 0.3% | 1.8% | 1.3% | -1.3% | 0.5% | -2.5% | 0.6% | -2.4% | -2.5% | -1.5% |
| Gross profit growth (YoY) | 10.1% | -0.4% | 17.7% | -19.0% | 17.7% | -3.1% | 6.4% | -18.0% | -9.8% | 11.2% |
| Operating income growth (YoY) | 98.6% | 4.2% | 130.0% | -9768.5% | - | -46.3% | 48.6% | - | 22.8% | 14.4% |
| Net income growth (YoY) | 99.2% | 13.0% | 186.1% | -10456.6% | - | -57.9% | 41.1% | - | 23.5% | 37.1% |
| EPS growth (YoY) | 99.2% | 11.9% | 169.2% | -10233.3% | - | -55.2% | 40.0% | - | 20.8% | 33.3% |
| EPS CAGR (3y) | - | 1.4% | 13.4% | - | 1.5% | 5.7% | - | - | - | - |
| EPS CAGR (5y) | - | 14.0% | - | - | 6.5% | - | - | - | - | - |
| FCF growth (YoY) | 92.9% | - | - | - | - | - | -65.2% | - | - | - |
| FCF CAGR (5y) | 11.1% | - | - | -4.2% | - | - | - | - | - | - |
| Book value growth (YoY) | 5.7% | 7.9% | 7.8% | -17.5% | -20.1% | -28.4% | -6.8% | -5.0% | 5.3% | -1.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Product / service
$859.48M totalService$489.34M · 56.9%
Product$370.14M · 43.1%
Geographic
$859.48M totalUS$474.36M · 55.2%
Rest Of World$163.28M · 19.0%
Europe$158.77M · 18.5%
Asia$63.08M · 7.3%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing NETSCOUT SYSTEMS INC against the 5 most active filers in the same SIC group.