At its lowest, the IPO valued SecureWorks at a little over $1 billion, according to Reuters. The company's operating loss nearly doubled to $72.4 million in fiscal 2015 as headcounts ballooned, while revenue climbed 30 percent $339.5 million, according to filings seen by Reuters.
But SecureWorks' costs will scale over time as the company completes its expansion into new countries like Japan, Australia, Singapore, India, France and Germany and moves beyond its core customer base of financial services, Michael Cote, SecureWorks president, CEO and director, told CNBC's "Squawk Alley" Friday.
"We made a conscious effort to move across verticals, and across client sizes," Cote said. "We're going to make a continued push, because the more verticals we are in, the more client sizes we see, the more data we can get, the better we can do our job."
— Reuters contributed to this report.