NETSCOUT SYSTEMS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $859.5M | $822.7M | $829.5M | $914.5M | $855.6M | $831.3M | $891.8M | $909.9M |
| Cost of Revenue | $177.0M | $178.7M | $187.4M | $223.1M | $214.2M | $222.1M | $242.2M | $254.1M |
| Gross Profit | $682.5M | $643.9M | $642.0M | $691.4M | $641.4M | $609.2M | $649.6M | $655.8M |
| Gross Margin | 79.4% | 78.3% | 77.4% | 75.6% | 75.0% | 73.3% | 72.8% | 72.1% |
| Operating Expenses | ||||||||
| Research & Development | $159.5M | $152.9M | $161.2M | $176.2M | $171.1M | $179.2M | $188.3M | $203.6M |
| SG&A Expense | $103.2M | $96.7M | $95.9M | $103.5M | $97.7M | $89.0M | $100.0M | $93.6M |
| Operating Income | $109.8M | $-367.6M | $-149.8M | $77.7M | $48.6M | $37.1M | $17.6M | $-71.6M |
| Operating Margin | 12.8% | -44.7% | -18.1% | 8.5% | 5.7% | 4.5% | 2.0% | -7.9% |
| Interest Expense | — | — | $8.7M | $10.2M | $8.0M | $10.9M | $20.6M | $26.1M |
| Pretax Income | $118.5M | $-365.8M | $-144.5M | $68.4M | $42.9M | $22.3M | $1.9M | $-92.9M |
| Income Tax Expense | $23.0M | $1.1M | $3.2M | $8.8M | $7.0M | $3.0M | $4.7M | $-19.6M |
| Net Income | $95.5M | $-366.9M | $-147.7M | $59.6M | $35.9M | $19.4M | $-2.8M | $-73.3M |
| Net Margin | 11.1% | -44.6% | -17.8% | 6.5% | 4.2% | 2.3% | -0.3% | -8.1% |
| EPS (Basic) | $1.33 | $-5.12 | $-2.07 | $0.83 | $0.48 | $0.26 | $-0.04 | $-0.93 |
| EPS (Diluted) | $1.30 | $-5.12 | $-2.07 | $0.82 | $0.48 | $0.26 | $-0.04 | $-0.93 |
| Shares Outstanding (Basic) | 72.0M | 71.6M | 71.5M | 71.8M | 74.0M | 73.1M | 75.2M | 78.6M |
| Shares Outstanding (Diluted) | 73.4M | 71.6M | 71.5M | 73.0M | 75.1M | 73.8M | 75.2M | 78.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |