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| Date | Value |
|---|---|
| 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 |