Netscout Systems (NTCT) Cost of Revenue (2010 - 2025)
Netscout Systems' Cost of Revenue was $46.03 million in fiscal Q3 2026 (quarter ended Dec 31, 2025), down 1.3% from $46.61 million a year earlier but up 5.5% from the prior quarter.
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Analysis
Netscout Systems (NTCT) Cost of Revenue (2010 - 2025) Analysis & Trends
On a trailing twelve-month basis, Netscout Systems' Cost of Revenue was $178.76 million through Dec 31, 2025, down 2.5% year-over-year; for FY2025 (ended Mar 31, 2025), it was $178.74 million, down 4.6% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of -5.9% (FY2020 to FY2025).
- In earlier fiscal years, Cost of Revenue was $187.41 million in FY2024 (-16.0%), $223.1 million in FY2023 (+4.2%), $214.19 million in FY2022 (-3.6%) and $222.1 million in FY2021 (-8.3%).
- Quarterly Cost of Revenue has moved between $42.06 million (fiscal Q2 2025) and $60.47 million (fiscal Q3 2022) over five years.
- Compared with a year earlier, Cost of Revenue was higher in two of the last eight quarters, with an average decline of 2.2%.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q2 2023 (growth of 11.6%); the worst was fiscal Q2 2024 (a decline of 25.3%).
- Per Business Quant data, NTCT's Cost of Revenue in the three fiscal quarters before Q3 2026 was $43.61 million (Q2 2026), $43.42 million (Q1 2026) and $45.7 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 357.94 Mn |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | 202.01 Mn |
| 10 | Netscout Systems | 2.93 Bn | 636.86 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 46.03 Mn |
| Sep 30, 2025 | 43.61 Mn |
| Jun 30, 2025 | 43.42 Mn |
| Mar 31, 2025 | 45.70 Mn |
| Dec 31, 2024 | 46.61 Mn |
| Sep 30, 2024 | 42.06 Mn |
| Jun 30, 2024 | 44.37 Mn |
| Mar 31, 2024 | 50.34 Mn |
| Dec 31, 2023 | 43.62 Mn |
| Sep 30, 2023 | 43.05 Mn |
| Jun 30, 2023 | 50.40 Mn |
| Mar 31, 2023 | 50.94 Mn |
| Dec 31, 2022 | 56.80 Mn |
| Sep 30, 2022 | 57.64 Mn |
| Jun 30, 2022 | 57.71 Mn |
| Mar 31, 2022 | 47.66 Mn |
| Dec 31, 2021 | 60.47 Mn |
| Sep 30, 2021 | 51.64 Mn |
| Jun 30, 2021 | 54.41 Mn |
| Mar 31, 2021 | 54.94 Mn |
API Access
Netscout Systems Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();