Navan (NAVN) Research & Development (2024 - 2026)
Navan (NAVN) reported Research & Development of $39.4 million for Q2 2026, up 25.46% on a YoY basis from $31.4 million in Q2 2025, and up 11.67% sequentially from $35.3 million in Q1 2026.
Navan (NAVN) Research & Development (2024 - 2026) Analysis & Trends
Navan (NAVN) has 3 years of Research & Development data on file, last reported at $39.4 million in Q2 2026.
- Quarterly Research & Development rose 25.46% year-over-year to $39.4 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $157.3 million (changed N/A YoY) and the FY2026 annual result came in at $151.2 million, up 23.57% from the prior year.
- Research & Development came in at $39.4 million for Q2 2026 at Navan, up from $35.3 million in the prior quarter.
- The five-year high for Research & Development was $51.2 million in Q4 2025, with the low at $31.4 million in Q2 2025.
- Median Research & Development over the past 3 years was $34.1 million (2024), compared with a mean of $37.0 million.
- The sharpest annual moves came in 2025 and 2026: Research & Development soared 55.14% in 2025, then advanced 11.64% in 2026.
- Navan's Research & Development stood at $33.0 million in 2024, then jumped by 55.14% to $51.2 million in 2025, then slipped by 23.04% to $39.4 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $39.4 million in Q2 2026, $35.3 million in Q1 2026, and $51.2 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Navan | 4.76 Bn | 4.12 Bn | 163.06 Mn | 39.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 39.40 Mn |
| Jan 31, 2026 | 35.28 Mn |
| Oct 31, 2025 | 51.20 Mn |
| Apr 30, 2025 | 31.40 Mn |
| Jan 31, 2025 | 31.60 Mn |
| Oct 31, 2024 | 33.00 Mn |