NTSK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-02

• Revenue increased by $49.8 million, or 29%, for the three months ended July 31, 2026 compared to the three months ended July 31, 2025. The increase in revenue was driven by an increase in customers and the growing demand for our products from existing customers. Approximately 50% of the increase was…

• Cost of revenue increased by $10.0 million, or 21%, for the three months ended July 31, 2026 compared to the three months ended July 31, 2025. Employee-related compensation expense increased by $4.4 million due to the $3.1 million stock-based compensation expense and related payroll taxes we recogni…

• Gross profit increased by $39.8 million, or 32%, for the three months ended July 31, 2026 compared to the three months ended July 31, 2025, and gross margin increased to 74% from 72%. The gross margin expansion was primarily due to the revenue growth driven by new customer acquisition and expansion …

• Sales and marketing expenses increased by $27.9 million, or 36%, for the three months ended July 31, 2026 compared to the three months ended July 31, 2025. Employee-related compensation expense increased by $21.2 million, primarily due to the growth in headcount as well as the $7.7 million stock-bas…

• Loss on changes in fair value of Convertible Notes decreased by $17.4 million, or 40%, for the three months ended July 31, 2026 compared to the three months ended July 31, 2025. We continued to recognize fair value losses driven by accrued interest associated with the payment-in-kind ("PIK") nature …

Text removed vs the prior filing · source: 10-Q · 2026-06-03

• Comparison of the Three Months Ended April 30, 2026 and 2025

• Revenue increased by $43.9 million, or 28%, for the three months ended April 30, 2026 compared to the three months ended April 30, 2025. The increase in revenue was driven by an increase in customers and the growing demand for our products from existing customers. Approximately 48% of the increase w…

• Cost of revenue increased by $5.1 million, or 11%, for the three months ended April 30, 2026 compared to the three months ended April 30, 2025. Employee-related compensation expense increased by $4.9 million due to the $3.5 million stock-based compensation expense and related payroll taxes we recogn…

• Gross profit increased by $38.7 million, or 35%, for the three months ended April 30, 2026 compared to the three months ended April 30, 2025, and gross margin increased to 74% from 69%. The gross margin expansion was primarily due to the revenue growth driven by new customer acquisition and expansio…

• General and administrative expenses increased by $28.0 million, or 159%, for the three months ended April 30, 2026 compared to the three months ended April 30, 2025. Employee-related compensation expense increased by $27.9 million due to the $26.2 million stock-based compensation expense and related…

Text added vs the prior filing · source: 10-Q · 2026-09-02

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of

• the end of the period covered by this Quarterly Report on Form 10-Q. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of July 31, 2026, our disclosure controls and procedures were effective to provide reasonable assurance that information requi…

• There were no changes in our internal control over financial reporting identified in connection with the evaluation required by Rules 13a-15(d) and 15d-15(d) of the Exchange Act during the three months ended July 31, 2026 that have materially affected, or are reasonably likely to materially affect, …

Text removed vs the prior filing · source: 10-Q · 2026-06-03

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of the end of the period covered by this Quarterly Rep…

• There were no changes in our internal control over financial reporting identified in connection with the evaluation required by Rules 13a-15(d) and 15d-15(d) of the Exchange Act during the three months ended April 30, 2026 that have materially affected, or are reasonably likely to materially affect,…

Text added vs the prior filing · source: 10-Q · 2026-09-02

• achieve and sustain profitability, the value of our business and the trading price of our Class A common stock may significantly decrease.

• In addition, in the several quarters following the completion of our initial public offering ("IPO"), we expect to recognize significant stock-based compensation expense related to certain outstanding restricted stock units ("RSUs"). While the performance-based condition was satisfied in connection …

• compete effectively may result in price reductions, fewer orders, reduced revenue, and gross margins, increased net losses, and loss of market share. Any failure to meet and address these factors would adversely affect our business, results of operations, and financial condition.

• In June 2026, we commenced certain restructuring actions designed to realign resources as part of our transition to an AI-native business. Our restructuring activities, including any related charges and the impact of the related headcount restructurings, could adversely affect our business, financia…

• As a result of restructuring actions, we expect to incur additional charges in the near term, including employee transition costs, severance payments, and employee benefits. The restructuring actions may also result in employee attrition beyond our intended workforce reduction, decreased employee mo…

Text removed vs the prior filing · source: 10-Q · 2026-06-03

• In addition, in the several quarters following the completion of our initial public offering ("IPO"), we expect to recognize significant stock-based compensation expense related to certain outstanding restricted stock units ("RSUs"). While the performance-based condition was satisfied in connection …

• conditions and, in certain cases, market-based vesting conditions, which has resulted and will contribute to increases in our operating expenses and will negatively impact our ability to achieve profitability in future periods.

• customers. We expect that seasonality may also reduce our ability to predict cash flow and optimize the timing of our operating expenses.

• If we do not provide high quality support to our customers, our ability to renew subscriptions, increase the number of users and sell additional products to customers may be adversely affected. We believe that successfully delivering our platform and products requires a highly skilled level of custo…

• fast enough to keep up with demand, particularly if the sales of our platform exceed our internal forecasts. We may also not be successful in our efforts to fully onboard new hires and provide adequate training to our employees, many of whom continue to work remotely. To the extent that we or our ch…