Netskope (NTSK) Operating Expenses (2024 - 2026)

Netskope's (NTSK) quarterly Operating Expenses came in at $257.6 million in Q1 2026, up 83.31% YoY from $140.5 million in Q1 2025, and down 53.48% on a QoQ basis from $553.6 million in Q4 2025.

Netskope (NTSK) Operating Expenses (2024 - 2026) Analysis & Trends

Netskope (NTSK) has 3 years of Operating Expenses data on file, last reported at $257.6 million in Q1 2026.

  • Quarterly Operating Expenses rose 83.31% year-over-year to $257.6 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.1 billion (changed N/A YoY) and the FY2026 annual result came in at $1.1 billion, up 88.07% from the prior year.
  • Operating Expenses declined to $257.6 million in Q1 2026, from $553.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $553.6 million in Q4 2025 to a low of $140.5 million in Q1 2025.
  • A 3-year average of $274.3 million and a median of $201.6 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2025 — Operating Expenses soared 280.23% — and 2026, when it jumped 83.31%.
  • Tracing NTSK's Operating Expenses over 3 years: stood at $145.6 million in 2024, then soared by 280.23% to $553.6 million in 2025, then plunged by 53.48% to $257.6 million in 2026.
  • The last three Operating Expenses figures came in at $257.6 million (Q1 2026), $553.6 million (Q4 2025), and $140.5 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 3,679.34 Bn 3,546.58 Bn 60.48 Bn 12.28 Bn
2 Oracle 433.50 Bn 402.15 Bn - 13.05 Bn
3 Palantir Technologies 418.20 Bn 408.90 Bn 1.64 Bn 726.59 Mn
4 Palo Alto Networks 312.41 Bn 309.30 Bn 2.03 Bn 2.21 Bn
5 Fortinet 117.38 Bn 113.31 Bn 1.64 Bn 953.90 Mn
6 Cloudflare 101.74 Bn 97.57 Bn 499.52 Mn 705.21 Mn
7 Synopsys 80.70 Bn 78.49 Bn 1.77 Bn 1.57 Bn
8 CoreWeave 58.00 Bn 52.46 Bn 1.70 Bn 2.62 Bn
9 Block 49.79 Bn 43.33 Bn 3.17 Bn 2.72 Bn
10 Netskope 6.38 Bn 5.28 Bn 148.26 Mn 256.99 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 256.99 Mn
Jan 31, 2026 257.56 Mn
Oct 31, 2025 553.61 Mn
Jan 31, 2025 140.50 Mn
Oct 31, 2024 145.60 Mn