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Navan, Inc.

NAVN Nasdaq Services-Prepackaged Software Financials FY2024–FY2026

Revenue Total sales reported in the income statement.
$702M
30.8% vs prior year
Operating margin Operating income as a share of revenue.
−28.0%
8.0 pts
Net income Profit after all expenses, interest and tax.
−$398M
Free cash flow Cash from operations minus capital spending.
$32.8M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−26.3%
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—
On −$2.10 EPS (TTM)

What Navan, Inc. does

No business description yet.

Legal name
Navan, Inc.
Fiscal year ends
January 31, 2026
Latest annual report
10-K · Apr 2, 2026
Accession · CIK
0001628280-26-023250
0001639723

Revenue and margins

Navan, Inc. had $702M of revenue in fiscal 2026, up 30.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $32.8M in fiscal 2026, 4.7% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Navan, Inc. returned — to shareholders in fiscal 2026. The diluted share count rose 116.0%.

Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Navan, Inc. can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY24FY25FY26
Cash and short-term investments $166M$158M$741M
Debt incl. finance leases —$618M$125M
Debt / equity ——0.1x
Interest coverage −3.9x−1.4x−3.8x
Current ratio —1.5x4.1x
Quick ratio —1.5x4.1x
Total assets —$1.1B$1.7B
Total liabilities —$970M$501M
Shareholders' equity −$1.1B−$1.2B$1.2B
Net debt (− = net cash) —$460M−$616M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✕ ✕ ✓
Return on assets rose — — ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — ✓
Current ratio rose — — ✓
Share count didn't rise — ✕ ✕
Gross margin rose — ✓ ✓
Revenue rose relative to assets — — ✕
F-score — / 3— / 55 / 9
Accruals ratio —−12.1%−30.9%
Altman Z'' —−5.351.70

3 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY24FY25FY26
Income statement
Revenue $402M $537M $702M
Provision for credit losses $8.7M $5.9M $9.1M
Gross profit $240M $367M $500M
Research and development $132M $122M $151M
Operating income −$246M −$108M −$197M
Interest expense $63.3M $76.0M $51.3M
Pretax income −$326M −$172M −$396M
Income tax $5.4M $9.6M $2.1M
Net income −$332M −$181M −$398M
Diluted EPS −$7.44 −$4.00 −$4.07
Diluted shares 0.04B 0.05B 0.10B
Cash flow
Cash from operations −$166M −$50.4M $33.7M
Capital expenditure $0.6M $1.0M $0.9M
Free cash flow −$167M −$51.4M $32.8M
Depreciation and amortization $26.9M $24.9M $60.2M
Stock-based compensation $75.9M $77.0M $182M
Acquisitions $7.0M $3.9M $0.0M
Balance sheet
Cash and short-term investments $166M $158M $741M
Total debt — $618M $125M
Current assets — $689M $1.3B
Current liabilities — $446M $321M
Property and equipment, net — $29.5M $35.0M
Goodwill $221M $220M $241M
Intangible assets — $55.6M $19.3M
Total assets — $1.1B $1.7B
Total liabilities — $970M $501M
Preferred stock — $0.0M $0.0M
Shareholders' equity −$1.1B −$1.2B $1.2B
Margins
Gross margin 59.6% 68.4% 71.3%
Operating margin −61.2% −20.1% −28.0%
EBITDA margin −54.6% −15.4% −19.5%
Net margin −82.4% −33.7% −56.7%
FCF margin −41.5% −9.6% 4.7%
Returns
Return on capital — — −26.3%
Return on capital employed — −16.9% −14.2%
Return on equity — — −3,761.7%
Return on assets — −16.7% −28.5%
Return on tangible equity — — −42.0%
Growth
Revenue growth — 33.5% 30.8%
Share count change — 1.5% 116.0%
Financial health
Debt / equity — — 0.1x
Interest coverage −3.9x −1.4x −3.8x
Current ratio — 1.5x 4.1x
Quick ratio — 1.5x 4.1x
Capital allocation
Capex / revenue 0.1% 0.2% 0.1%
Stock comp / revenue 18.9% 14.3% 25.9%
Quality scores
Piotroski F-score — — 5.0
Altman Z'' — −5.3 1.7
Accruals ratio — −12.1% −30.9%

Source: SEC EDGAR XBRL filings (CIK 0001639723). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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