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
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