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
DateValue
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