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Side-by-side financial comparison of Netskope Inc (NTSK) and Vroom, Inc. (VRM). Click either name above to swap in a different company.

Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $184.2M, roughly 1.3× Netskope Inc). Vroom, Inc. runs the higher net margin — -59.8% vs -246.0%, a 186.2% gap on every dollar of revenue. Netskope Inc produced more free cash flow last quarter ($10.4M vs $-108.8M).

Netskope Inc is a leading global cybersecurity firm offering SASE solutions, cloud security platforms and zero trust tools. It serves enterprise clients across North America, Europe and Asia Pacific, helping secure remote workforces, cloud apps and digital assets against evolving cyber threats.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

NTSK vs VRM — Head-to-Head

Bigger by revenue
VRM
VRM
1.3× larger
VRM
$235.9M
$184.2M
NTSK
Higher net margin
VRM
VRM
186.2% more per $
VRM
-59.8%
-246.0%
NTSK
More free cash flow
NTSK
NTSK
$119.1M more FCF
NTSK
$10.4M
$-108.8M
VRM

Income Statement — Q3 FY2026 vs Q4 FY2023

Metric
NTSK
NTSK
VRM
VRM
Revenue
$184.2M
$235.9M
Net Profit
$-453.1M
$-141.1M
Gross Margin
57.9%
12.3%
Operating Margin
-242.7%
-11.5%
Net Margin
-246.0%
-59.8%
Revenue YoY
12.9%
Net Profit YoY
-401.7%
-669.8%
EPS (diluted)
$-1.85
$-80.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NTSK
NTSK
VRM
VRM
Q4 25
$184.2M
Q4 23
$235.9M
Q3 23
$235.6M
Q2 23
$225.2M
Q1 23
$196.5M
Q4 22
$208.9M
Q3 22
$340.8M
Q2 22
$475.4M
Net Profit
NTSK
NTSK
VRM
VRM
Q4 25
$-453.1M
Q4 23
$-141.1M
Q3 23
$-82.7M
Q2 23
$-66.0M
Q1 23
$-74.7M
Q4 22
$24.8M
Q3 22
$-51.1M
Q2 22
$-115.1M
Gross Margin
NTSK
NTSK
VRM
VRM
Q4 25
57.9%
Q4 23
12.3%
Q3 23
20.4%
Q2 23
20.4%
Q1 23
19.8%
Q4 22
14.1%
Q3 22
19.8%
Q2 22
14.0%
Operating Margin
NTSK
NTSK
VRM
VRM
Q4 25
-242.7%
Q4 23
-11.5%
Q3 23
-18.0%
Q2 23
-23.4%
Q1 23
-34.7%
Q4 22
-37.2%
Q3 22
-22.9%
Q2 22
-21.0%
Net Margin
NTSK
NTSK
VRM
VRM
Q4 25
-246.0%
Q4 23
-59.8%
Q3 23
-35.1%
Q2 23
-29.3%
Q1 23
-38.0%
Q4 22
11.9%
Q3 22
-15.0%
Q2 22
-24.2%
EPS (diluted)
NTSK
NTSK
VRM
VRM
Q4 25
$-1.85
Q4 23
$-80.66
Q3 23
$-47.38
Q2 23
$-37.97
Q1 23
$-43.16
Q4 22
Q3 22
$-0.37
Q2 22
$-0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NTSK
NTSK
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$1.2B
$135.6M
Total DebtLower is stronger
$454.2M
Stockholders' EquityBook value
$151.0M
$127.7M
Total Assets
$1.7B
$1.5B
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTSK
NTSK
VRM
VRM
Q4 25
$1.2B
Q4 23
$135.6M
Q3 23
$208.6M
Q2 23
$237.9M
Q1 23
$316.7M
Q4 22
$398.9M
Q3 22
$509.7M
Q2 22
$532.6M
Total Debt
NTSK
NTSK
VRM
VRM
Q4 25
Q4 23
$454.2M
Q3 23
$521.4M
Q2 23
$544.9M
Q1 23
$554.7M
Q4 22
$402.2M
Q3 22
$607.8M
Q2 22
$674.3M
Stockholders' Equity
NTSK
NTSK
VRM
VRM
Q4 25
$151.0M
Q4 23
$127.7M
Q3 23
$263.6M
Q2 23
$343.4M
Q1 23
$407.1M
Q4 22
$479.8M
Q3 22
$445.1M
Q2 22
$495.1M
Total Assets
NTSK
NTSK
VRM
VRM
Q4 25
$1.7B
Q4 23
$1.5B
Q3 23
$1.6B
Q2 23
$1.6B
Q1 23
$1.7B
Q4 22
$1.6B
Q3 22
$1.8B
Q2 22
$2.1B
Debt / Equity
NTSK
NTSK
VRM
VRM
Q4 25
Q4 23
3.56×
Q3 23
1.98×
Q2 23
1.59×
Q1 23
1.36×
Q4 22
0.84×
Q3 22
1.37×
Q2 22
1.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NTSK
NTSK
VRM
VRM
Operating Cash FlowLast quarter
$19.9M
$-108.1M
Free Cash FlowOCF − Capex
$10.4M
$-108.8M
FCF MarginFCF / Revenue
5.6%
-46.1%
Capex IntensityCapex / Revenue
5.2%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTSK
NTSK
VRM
VRM
Q4 25
$19.9M
Q4 23
$-108.1M
Q3 23
$-193.5M
Q2 23
$-147.1M
Q1 23
$-85.0M
Q4 22
$-86.0M
Q3 22
$114.4M
Q2 22
$-122.4M
Free Cash Flow
NTSK
NTSK
VRM
VRM
Q4 25
$10.4M
Q4 23
$-108.8M
Q3 23
$-194.2M
Q2 23
$-147.5M
Q1 23
$-85.8M
Q4 22
$-90.2M
Q3 22
$110.5M
Q2 22
$-131.4M
FCF Margin
NTSK
NTSK
VRM
VRM
Q4 25
5.6%
Q4 23
-46.1%
Q3 23
-82.4%
Q2 23
-65.5%
Q1 23
-43.7%
Q4 22
-43.2%
Q3 22
32.4%
Q2 22
-27.6%
Capex Intensity
NTSK
NTSK
VRM
VRM
Q4 25
5.2%
Q4 23
0.3%
Q3 23
0.3%
Q2 23
0.2%
Q1 23
0.4%
Q4 22
2.0%
Q3 22
1.2%
Q2 22
1.9%
Cash Conversion
NTSK
NTSK
VRM
VRM
Q4 25
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
-3.47×
Q3 22
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NTSK
NTSK

Indirect Channels$175.2M95%
Direct End Customers$8.9M5%

VRM
VRM

Segment breakdown not available.

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