Navan (NAVN) Cost of Revenue (2024 - 2026)
Navan's (NAVN) quarterly Cost of Revenue came in at $57.2 million in Q2 2026, up 25.2% year-over-year from $45.7 million in Q2 2025, and up 9.68% quarter-over-quarter from $52.1 million in Q1 2026.
Analysis
Navan (NAVN) Cost of Revenue (2024 - 2026) Analysis & Trends
Navan has disclosed Cost of Revenue across 3 years of filings, most recently posting $57.2 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 25.2% year-over-year to $57.2 million; the TTM figure through Apr 2026 stood at $212.1 million (changed N/A YoY), while the FY2026 annual figure was $201.8 million, up 18.83% from the prior year.
- Cost of Revenue came in at $57.2 million for Q2 2026 at Navan, up from $52.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $57.2 million in Q2 2026 to a low of $42.7 million in Q1 2025.
- Average Cost of Revenue over 3 years is $49.9 million, with a median of $48.9 million recorded in 2025.
- Year-over-year, Cost of Revenue climbed 28.21% in 2025 and gained 21.95% in 2026.
- Over 3 years, Cost of Revenue stood at $44.5 million in 2024, then rose by 28.21% to $57.1 million in 2025, then advanced by 0.17% to $57.2 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $57.2 million in Q2 2026, $52.1 million in Q1 2026, and $57.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 1.32 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 75.68 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 57.18 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 80.00 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 45.14 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 17.54 Mn |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | 31,479.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 57.18 Mn |
| Jan 31, 2026 | 52.13 Mn |
| Oct 31, 2025 | 57.08 Mn |
| Apr 30, 2025 | 45.67 Mn |
| Jan 31, 2025 | 42.75 Mn |
| Oct 31, 2024 | 44.52 Mn |