Netskope (NTSK) Operating Expenses (2024 - 2026)

Netskope (NTSK) posted Operating Expenses of $257.6 million for Q1 2026, down 53.48% on a QoQ basis from $553.6 million in Q4 2025, and up 83.31% year-over-year from $140.5 million in Q1 2025.

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

Netskope's Operating Expenses history runs 3 years deep, the most recent figure standing at $257.6 million for 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 was $257.6 million for Q1 2026 at Netskope, down from $553.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $553.6 million in Q4 2025 and bottomed at $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%.
  • Netskope's Operating Expenses stood at $145.6 million in 2024, then surged by 280.23% to $553.6 million in 2025, then slumped by 53.48% to $257.6 million in 2026.
  • Business Quant data shows NTSK's Operating Expenses at $257.6 million in Q1 2026, $553.6 million in Q4 2025, and $140.5 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -363.49 Mn
3 Oracle 329.59 Bn 297.69 Bn - 13.05 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 979.89 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 517.59 Mn
10 Netskope 2.46 Bn 1.70 Bn 143.27 Mn 257.56 Mn

Historic Data

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