Netscout Systems (NTCT) Operating Leases (2019 - 2026)
Netscout Systems' (NTCT) quarterly Operating Leases came in at $29.7 million in Q1 2026, down 8.59% on a YoY basis from $32.5 million in Q1 2025, and down 28.91% quarter-over-quarter from $41.8 million in Q4 2025.
Analysis
Netscout Systems (NTCT) Operating Leases (2019 - 2026) Analysis & Trends
Netscout Systems (NTCT) has reported Operating Leases for 8 consecutive years, with $29.7 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases fell 8.59% year-over-year to $29.7 million; the trailing twelve-month figure through Mar 2026 stood at $29.7 million (down 8.59% YoY), and the FY2026 full-year result was $29.7 million, down 8.59% from the prior year.
- Operating Leases slipped to $29.7 million in Q1 2026 per NTCT's latest filing, from $41.8 million in the prior quarter.
- Across five years, Operating Leases topped out at $62.4 million in Q2 2022 and bottomed at $29.7 million in Q1 2026.
- Historically, Operating Leases has averaged $47.9 million across 5 years, with a median of $47.1 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Leases fell 21.95% in 2024, then retreated 2.23% in 2025.
- Over 5 years, Operating Leases stood at $60.4 million in 2022, then decreased by 12.4% to $52.9 million in 2023, then declined by 19.14% to $42.8 million in 2024, then slipped by 2.23% to $41.8 million in 2025, then slipped by 28.91% to $29.7 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $29.7 million, $41.8 million, and $43.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Datadog | 74.71 Bn | 69.72 Bn | 881.34 Mn |
| 2 | Dynatrace | 14.74 Bn | 13.63 Bn | 451.10 Mn |
| 3 | AvePoint | 2.76 Bn | 2.35 Bn | 91.01 Mn |
| 4 | Netscout Systems | 2.67 Bn | 2.00 Bn | - |
| 5 | PagerDuty | 1.03 Bn | 561.41 Mn | 104.40 Mn |
| 6 | N-able | 722.46 Mn | 606.65 Mn | 106.20 Mn |
| 7 | Radcom | 161.85 Mn | 52.15 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 29.72 Mn |
| Dec 31, 2025 | 41.80 Mn |
| Sep 30, 2025 | 43.55 Mn |
| Jun 30, 2025 | 41.53 Mn |
| Mar 31, 2025 | 32.51 Mn |
| Dec 31, 2024 | 42.76 Mn |
| Sep 30, 2024 | 45.40 Mn |
| Jun 30, 2024 | 47.09 Mn |
| Mar 31, 2024 | 38.10 Mn |
| Dec 31, 2023 | 52.88 Mn |
| Sep 30, 2023 | 55.33 Mn |
| Jun 30, 2023 | 58.13 Mn |
| Mar 31, 2023 | 48.82 Mn |
| Dec 31, 2022 | 60.36 Mn |
| Sep 30, 2022 | 59.30 Mn |
| Jun 30, 2022 | 62.39 Mn |
| Mar 31, 2022 | 53.93 Mn |
| Dec 31, 2021 | 67.11 Mn |
| Sep 30, 2021 | 68.14 Mn |
| Jun 30, 2021 | 70.70 Mn |