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Navan, Inc.

NAVN Technology Software Application

Navan, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $702.3 million, up 30.8% from fiscal 2025.

Revenue
+35.4%
EPS
+86.7%
Free cash flow
+618.7%
Total debt
−70.2%

Quarter to July 2026, against a year earlier

25.48 1.58 −5.84%
Market cap
$6.6B
P/E
0.0×
Fwd P/E
−62.6×
Dividend yield
—
F-score
n/a
Altman Z
0.42
Beneish M
−3.45
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Navan, Inc. (NAVN) Earnings & Analysis

Updated · Covers results through Q2 FY2027 · How this is made

Latest quarter

Navan reported Q2 FY2027 revenue of $232.8 million, above the consensus estimate of $219.9 million. Adjusted earnings per share, as counted by the consensus, were $0.05, above the $0.04 estimate.

Revenue rose 35.4% from $172.0 million a year earlier. In its filing, Navan attributed the increase primarily to greater usage as its customer base and engagement grew, along with increased adoption of its Expense Management offering.

Gross margin rose to 74.1% from 72.7%; the filing attributed the increase to higher revenue on a relatively fixed cost base, supported by AI-powered customer support. Operating margin was −11.0%, compared with −7.13% a year earlier. Navan said sales and marketing expenses increased as it expanded headcount and spent more on advertising, marketing and commissions.

The company reported a diluted loss per share of −$0.11, compared with −$0.83 a year earlier. Free cash flow was $21.5 million, compared with −$4.1 million.

Q2 FY2027 Q2 FY2026 Change
Revenue $232.8 million $172.0 million 35.4%
Diluted EPS −$0.11 −$0.83 —
Gross margin 74.1% 72.7% 1.4 percentage points
Operating margin −11.0% −7.13% −3.9 percentage points
Free cash flow $21.5 million −$4.1 million —
Against the consensus Reported Consensus Result
Adjusted EPS $0.05 $0.04 Beat by 25.0%
Revenue $232.8 million $219.9 million Beat by 5.89%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

No earnings call was available for Navan’s latest quarter, so its call commentary and analysts’ questions cannot be reported.

Guidance

Navan’s results release sets out its Q3 FY2027 and FY2027 revenue and non-GAAP operating income outlook. A comparison with the company’s previous guidance is not available.

Metric For Guide Previous guide Change
Operating margin, non-GAAP FY2027 9.00% — New
Operating income, non-GAAP FY2027 $82.0 million–$86.0 million — New
Revenue FY2027 $927.0 million–$933.0 million — New
Operating margin, non-GAAP Q3 FY2027 14.0% — New
Operating income, non-GAAP Q3 FY2027 $35.5 million–$36.5 million — New
Revenue Q3 FY2027 $253.0 million–$255.0 million — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.