Navan (NAVN) Cost of Revenue (2024 - 2026)

Navan (NAVN) reported Cost of Revenue of $91.9 million for Q2 2026, up 101.27% on a YoY basis from $45.7 million in Q2 2025, and down 52.38% sequentially from $193.0 million in Q1 2026.

Navan (NAVN) Cost of Revenue (2024 - 2026) Analysis & Trends

Navan (NAVN) has 3 years of Cost of Revenue data on file, last reported at $91.9 million in Q2 2026.

  • Quarterly Cost of Revenue rose 101.27% year-over-year to $91.9 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $387.7 million (changed N/A YoY) and the FY2026 annual result came in at $342.7 million, up 56.67% from the prior year.
  • Cost of Revenue came in at $91.9 million for Q2 2026 at Navan, down from $193.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $193.0 million in Q1 2026, with the low at $45.7 million in Q2 2025.
  • Median Cost of Revenue over the past 3 years was $74.9 million (2024), compared with a mean of $89.6 million.
  • The sharpest annual moves came in 2025 and 2026: Cost of Revenue retreated 1.73% in 2025, then jumped 110.58% in 2026.
  • Navan's Cost of Revenue stood at $58.1 million in 2024, then retreated by 1.73% to $57.1 million in 2025, then jumped by 61.03% to $91.9 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $91.9 million in Q2 2026, $193.0 million in Q1 2026, and $57.1 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Navan 4.76 Bn 4.12 Bn 163.06 Mn 91.92 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 91.92 Mn
Apr 30, 2026 91.92 Mn
Jan 31, 2026 193.00 Mn
Jan 31, 2026 193.00 Mn
Oct 31, 2025 57.08 Mn
Oct 31, 2025 57.08 Mn
Apr 30, 2025 45.67 Mn
Apr 30, 2025 45.67 Mn
Jan 31, 2025 91.66 Mn
Jan 31, 2025 91.66 Mn
Oct 31, 2024 58.09 Mn
Oct 31, 2024 58.09 Mn