Navan NAVN
NASDAQ NAVN
$27.78 +0.07 (+0.25%)
At close: Sep 4, 2026 · 4:00 PM EDT

Navan (NAVN) Operating Expenses (2024 - 2026)

Navan's (NAVN) quarterly Operating Expenses came in at $181.2 million in Q2 2026, up 41.88% year-over-year from $127.7 million in Q2 2025, and down 15.85% quarter-over-quarter from $215.3 million in Q1 2026.

Analysis

Navan (NAVN) Operating Expenses (2024 - 2026) Analysis & Trends

Navan has disclosed Operating Expenses across 3 years of filings, most recently posting $181.2 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 41.88% year-over-year to $181.2 million; the TTM figure through Apr 2026 stood at $741.2 million (changed N/A YoY), while the FY2026 annual figure was $697.3 million, up 46.92% from the prior year.
  • Operating Expenses came in at $181.2 million for Q2 2026 at Navan, down 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.
  • Average Operating Expenses over 3 years is $164.9 million, with a median of $154.4 million recorded in 2025.
  • The largest YoY upside for Operating Expenses was 76.38% in 2026 against a maximum downside of 41.88% in 2026.
  • Over 3 years, Operating Expenses stood at $126.1 million in 2024, then surged by 72.22% to $217.1 million in 2025, then fell by 16.55% to $181.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $181.2 million in Q2 2026, $215.3 million in Q1 2026, and $217.1 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuit 91.01 Bn 84.23 Bn 7.24 Bn 4.54 Bn
2 Clearwater Analytics Holdings 7.30 Bn 7.22 Bn 145.55 Mn 136.56 Mn
3 Navan 7.02 Bn 6.34 Bn 163.06 Mn 181.16 Mn
4 BILL Holdings 4.52 Bn 2.59 Bn 356.19 Mn 390.44 Mn
5 Blackline 1.91 Bn 1.41 Bn 142.68 Mn 131.69 Mn
6 Expensify 218.72 Mn 152.96 Mn 16.33 Mn 19.25 Mn
7 Ankam 27.35 Mn 27.34 Mn 44,900.00 98,357.00
Historic Data

Historic Data

Download Data
DateValue
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