Netskope (NTSK) Operating Expenses (2024 - 2026)
Netskope (NTSK) reported Operating Expenses of $257.6 million for Q1 2026, up 83.31% on a YoY basis from $140.5 million in Q1 2025, and down 53.48% quarter-over-quarter from $553.6 million in Q4 2025.
Netskope (NTSK) Operating Expenses (2024 - 2026) Analysis & Trends
Netskope has reported Operating Expenses for 3 years, with the latest figure at $257.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 83.31% year-over-year to $257.6 million; the trailing twelve-month figure through Jan 2026 stood at $1.1 billion (changed N/A YoY), and the FY2026 full-year result was $1.1 billion, up 88.07% from the prior year.
- Operating Expenses for Q1 2026 stood at $257.6 million, down from $553.6 million in the prior quarter.
- The five-year high for Operating Expenses was $553.6 million in Q4 2025, with the low at $140.5 million in Q1 2025.
- Historically, Operating Expenses has averaged $274.3 million across 3 years, with a median of $201.6 million in 2024.
- 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 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 | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Netskope | 1.94 Bn | 780.78 Mn | 143.27 Mn | 257.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 257.56 Mn |
| Oct 31, 2025 | 553.61 Mn |
| Jan 31, 2025 | 140.50 Mn |
| Oct 31, 2024 | 145.60 Mn |