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.
- Quarterly Operating Expenses rose 41.88% year-over-year to $181.2 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $741.2 million (up 97.24% YoY) and the FY2026 annual result came in at $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.
- The five-year high for Operating Expenses was $217.1 million in Q4 2025, with the low at $122.1 million in Q1 2025.
- Median Operating Expenses over the past 3 years was $154.4 million (2025), compared with a mean of $164.9 million.
- Peak annual rise in Operating Expenses reached 76.38% in 2026, while the deepest fall reached 41.88% in 2026.
- Navan's Operating Expenses 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.
- 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | Navan | 4.76 Bn | 4.12 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 |