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| 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 |