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
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