Netscout Systems Inc Liquidation Value
Cash & Equivalents
Key Metrics
Cash Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
Liquid Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
Operating Liquidation Value
- Long-Term Debt: not reported in this period (annual-only)
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Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $47.04M | $0.65 |
| Liquid Liquidation Value | $198.51M | $2.75 |
| Operating Liquidation Value | $211.83M | $2.94 |
Key Components (as of 2026-03-31)
| Cash & Equivalents | $586.50M |
| Accounts Receivable | $151.47M |
| Inventory | $13.32M |
| Current Liabilities | $470.15M |
| Long-term Debt (?) | N/A |
| Op. Lease Liability (?) | $29.72M |
| Finance Lease (?) | N/A |
| Shares Outstanding | 72.1M |
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Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | $586.50M | $151.47M | $13.32M | $23.49M | $470.15M | N/A | $29.72M | N/A |
| 2025-12-31 | $540.64M | $234.55M | $12.41M | $17.25M | $442.59M | N/A | $31.75M | N/A |
| 2025-09-30 | $483.38M | $130.16M | $12.38M | $14.71M | $377.43M | N/A | $33.54M | N/A |
| 2025-06-30 | $489.57M | $92.20M | $13.05M | $14.02M | $386.98M | N/A | $30.65M | N/A |
| 2025-03-31 | $457.42M | $163.65M | $12.89M | $18.21M | $407.93M | $0 | $32.51M | N/A |
| 2024-12-31 | $398.36M | $214.59M | $14.41M | $13.69M | $381.77M | $75.00M | $31.80M | N/A |
| 2024-09-30 | $363.36M | $118.63M | $16.39M | $13.91M | $347.10M | $75.00M | $33.53M | N/A |
| 2024-06-30 | $362.21M | $129.27M | $14.99M | $15.94M | $383.20M | $75.00M | $35.23M | N/A |
SEC Filings
| Period | Form | Filed | Link |
|---|---|---|---|
| 2026-03-31 | 10-K | 2026-05-14 | View |
| 2025-12-31 | 10-Q | 2026-02-05 | View |
| 2025-09-30 | 10-Q | 2025-11-06 | View |
| 2025-06-30 | 10-Q | 2025-08-07 | View |
| 2025-03-31 | 10-K | 2025-05-15 | View |
| 2024-12-31 | 10-Q | 2025-02-06 | View |
| 2024-09-30 | 10-Q | 2024-11-01 | View |
| 2024-06-30 | 10-Q | 2024-08-05 | View |
AI Insights
NETSCOUT SYSTEMS INC (NTCT) filed its 10-K for the fiscal year ended March 31, 2026. The TAG_CONTEXT list is empty, meaning no XBRL tags were provided for this filing's structured data extraction. All balance-sheet observations are therefore drawn from narrative disclosures in the filing body and the COMPANY_METADATA provided.
Under the liquidation lens, MFFAIS reports an Operating Liquidation Value (OLV) of approximately $271M, a Liquid Liquidation Value (LLV) of approximately $259M, and a Cash Liquidation Value (CLV) of approximately $24.5M against an enterprise that generated $859M in revenue for fiscal 2026. These figures imply the liquidation analysis is equity-dilutive: haircutted assets recover substantially less than face-value liabilities, a structurally expected outcome for a software/services company where balance-sheet value is concentrated in intangibles and goodwill carrying zero liquidation recovery.
Key balance-sheet observations from the narrative: (1) Cash and equivalents were approximately $457M at March 31, 2025 (per the prior 10-Q comparator), with the fiscal 2026 year-end balance not separately extracted but materially higher based on operating cash generation of $142M+ over the nine months ended December 31, 2025. (2) The company carries significant acquired intangible assets (deferred tax liability for intangibles was $56.4M at March 31, 2026 vs. $66.0M at March 31, 2025, implying continued amortization running off the book); goodwill impairment of $427M was recorded in fiscal 2025 (nine months ended December 31, 2024), materially resetting the goodwill base. No goodwill impairment is indicated for fiscal 2026. (3) Operating lease liability totals $39.6M (PV) at March 31, 2026, with undiscounted future payments of $43.3M through FY2031+. Lease liabilities stand at face value in liquidation and do not extinguish. (4) Unconditional purchase obligations of $72.4M at March 31, 2026 represent an off-balance-sheet liquidation liability not captured in the balance sheet, further compressing net recovery. (5) Deferred tax asset (net) of $91.5M at March 31, 2026 ($63.7M at March 31, 2025) — deferred tax assets carry zero recovery in liquidation. (6) A $55M cash acquisition of DigiCert's DDoS business closed May 1, 2026 (subsequent event), which will reduce liquid assets and add intangibles with zero liquidation recovery, worsening the recovery posture in the next filing period. (7) The $600M revolving credit facility had no outstanding borrowings at March 31, 2026, removing senior secured debt from the liability stack — a positive factor for equity recovery. (8) Capitalized R&D deferred tax asset of $108.9M (FY2026) vs. $92.4M (FY2025) reflects Section 174 mandatory amortization buildup; carries no liquidation value as a DTA. Filing discusses the One Big Beautiful Bill Act enacted July 4, 2025 restoring immediate domestic R&D expensing, which will reduce this DTA accrual going forward but is not material to the current period. Filing does not separately tag any balance-sheet line items in XBRL per the empty TAG_CONTEXT; all figures are sourced from narrative footnotes and deferred tax schedules.
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