NAVN

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Navan, Inc.

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Key Metrics

Previous Close: $29.18
52-Week Range: $8.11 – $29.99
Market Cap: $7.26B
P/E (TTM): —
EPS (TTM): -1.41
Dividend Yield: —

Advanced Metrics

Price/Book: 5.83
PEG Ratio: —
Return on Equity: -52.90%
Return on Assets: -8.38%
Gross Margin: 72.15%
Operating Margin: -6.90%
Profit Margin: -46.70%
Current Ratio: 4.31
Debt/Equity: 0.14
Total Debt: $172.45M
Free Cash Flow: $3.88M
Revenue Growth: 39.90%
Earnings Growth: —
Enterprise Value: $6.76B

NAVN Income statement, annual periods, in USD
USD	FY2024	FY2025	FY2026
Revenue	—	—	$702.26M
Cost of Revenue	—	—	$201.79M
Gross Profit	—	—	$500.47M
Research & Development	—	—	$151.24M
Selling, General & Admin	—	—	$546.11M
Operating Expenses	—	—	$697.35M
Operating Income	—	—	-$196.88M
EBITDA	—	—	-$284.38M
Pretax Income	—	—	-$395.92M
Income Tax	—	—	$2.11M
Net Income	—	—	-$398.03M
Diluted EPS	—	—	-4.07
Diluted Shares	—	—	97.80M

NAVN Cash Flow statement, annual periods, in USD
USD	FY2024	FY2025	FY2026
Operating Cash Flow	—	—	$33.67M
Capital Expenditure	—	—	-$18.91M
Free Cash Flow	—	—	$14.76M
Depreciation & Amortisation	—	—	$60.25M
Stock-Based Compensation	—	—	$182.09M
Investing Cash Flow	—	—	-$203.03M
Financing Cash Flow	—	—	$519.92M
Net Change in Cash	—	—	$350.56M

NAVN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$157.46M	$171.95M	$194.93M	$177.92M	$220.23M
Cost of Revenue	$45.67M	$46.91M	$57.08M	$52.13M	$57.18M
Gross Profit	$111.79M	$125.04M	$137.85M	$125.79M	$163.06M
Research & Development	$31.40M	$33.36M	$51.20M	$35.28M	$39.40M
Selling, General & Admin	$96.28M	$103.94M	$165.90M	$180.00M	$141.77M
Operating Expenses	$127.69M	$137.29M	$217.09M	$215.28M	$181.16M
Operating Income	-$15.89M	-$12.26M	-$79.24M	-$89.49M	-$18.11M
EBITDA	-$34.51M	-$13.15M	-$200.47M	-$36.25M	-$11.16M
Pretax Income	-$56.77M	-$35.06M	-$221.92M	-$82.16M	-$19.70M
Income Tax	$4.48M	$3.56M	$3.46M	-$9.40M	$802.00K
Net Income	-$61.26M	-$38.62M	-$225.39M	-$72.76M	-$20.51M
Diluted EPS	-0.25	—	-4.58	-0.29	-0.08
Diluted Shares	248.22M	—	49.26M	248.84M	250.28M

NAVN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$4.55M	$233.00K	-$6.09M	$34.98M	-$6.80M
Capital Expenditure	-$4.02M	-$4.38M	-$5.27M	-$5.25M	-$4.75M
Free Cash Flow	$534.00K	-$4.14M	-$11.36M	$29.74M	-$11.55M
Depreciation & Amortisation	$5.93M	$6.28M	$5.92M	$42.12M	$5.72M
Stock-Based Compensation	$17.26M	$18.65M	$99.18M	$47.00M	$37.31M
Investing Cash Flow	-$2.85M	-$8.21M	-$38.49M	-$153.48M	-$28.73M
Financing Cash Flow	$62.01M	-$55.40M	$624.02M	-$110.71M	$14.03M
Net Change in Cash	$63.71M	-$63.38M	$579.43M	-$229.21M	-$21.50M

Market Snapshot

About

Navan, Inc. provides corporate travel and expense management software combining booking, payments, and reporting in one platform. The company serves enterprise clients with tools for managing flights, hotels, car rentals, and employee spending with automated policy enforcement. Navan aims to simplify business travel administration while providing cost visibility and compliance controls.