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
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