Navan (NAVN) Operating Expenses (2024 - 2026)
Navan (NAVN) reported Operating Expenses of $181.2 million for Q2 2026, up 41.88% on a YoY basis from $127.7 million in Q2 2025, and down 15.85% sequentially from $215.3 million in Q1 2026.
Navan (NAVN) Operating Expenses (2024 - 2026) Analysis & Trends
Navan (NAVN) has 3 years of Operating Expenses data on file, last reported at $181.2 million in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 41.88% year-over-year to $181.2 million; the trailing twelve-month figure through Apr 2026 stood at $741.2 million (up 97.24% YoY), and the FY2026 full-year result was $697.3 million, up 46.92% from the prior year.
- Operating Expenses fell to $181.2 million in Q2 2026, from $215.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $217.1 million in Q4 2025 to a low of $122.1 million in Q1 2025.
- A 3-year average of $164.9 million and a median of $154.4 million in 2025 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 76.38% in 2026, while the deepest fall reached 41.88% in 2026.
- Tracing NAVN's Operating Expenses over 3 years: stood at $126.1 million in 2024, then jumped by 72.22% to $217.1 million in 2025, then declined by 16.55% to $181.2 million in 2026.
- Business Quant data shows NAVN's Operating Expenses at $181.2 million in Q2 2026, $215.3 million in Q1 2026, and $217.1 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 201.07 Bn | 180.83 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 192.40 Bn | 189.70 Bn | - | -269.42 Mn |
| 3 | Shopify | 162.57 Bn | 156.83 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Salesforce | 152.12 Bn | 140.28 Bn | 8.56 Bn | 6.22 Bn |
| 5 | Uber Technologies | 138.75 Bn | 137.54 Bn | 5.95 Bn | 11.28 Bn |
| 6 | ServiceNow | 109.94 Bn | 105.28 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 103.23 Bn | 100.00 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Adobe | 96.27 Bn | 90.65 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Snowflake | 93.33 Bn | 90.37 Bn | 926.45 Mn | 1.25 Bn |
| 10 | Navan | 6.27 Bn | 5.63 Bn | 163.06 Mn | 181.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 181.16 Mn |
| Jan 31, 2026 | 215.28 Mn |
| Oct 31, 2025 | 217.09 Mn |
| Apr 30, 2025 | 127.69 Mn |
| Jan 31, 2025 | 122.05 Mn |
| Oct 31, 2024 | 126.05 Mn |