stockrowNavan, 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
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Navan, Inc. (NAVN) Altman Z-score
Navan, Inc.'s Altman Z-score for fiscal 2026 is 0.42, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.42 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.58 | — | 0.69 | |
| Retained earnings / total assets | (1.18) | — | −1.65 | |
| EBIT / total assets | (0.12) | — | −0.38 | |
| Market value of equity / total liabilities | 2.24 | — | 1.35 | |
| Sales / total assets | 0.41 | — | 0.41 | |
| Altman Z-score | Distress zone | 0.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.70 | ||
Z and Z″ put Navan, Inc. in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KVYO Klaviyo, Inc. compare | 15.3× |
| DUOL Duolingo, Inc. compare | 9.0× |
| IDCC InterDigital, Inc. compare | 8.1× |
| YOU CLEAR Secure, Inc. compare | 3.1× |
| CVLT CommVault Systems, Inc. compare | 1.2× |
| RNG Ringcentral, Inc. compare | 0.7× |
| NIQ NIQ Global Intelligence plc compare | 0.7× |
| NAVN Navan, Inc. | 0.4× |
| LYFT Lyft, Inc. compare | 0.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on NAVN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Shares outstanding
- Book value per share
- The full statement