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Navan, Inc.

NAVN Nasdaq Services-Prepackaged Software Financials FY2024–FY2026

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

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Last close Β· Oct 23, 2026

$26.96

3.6%

What Navan, Inc. does

NAVN Β· Services-Prepackaged Software

From its latest annual report

No business description yet.

Filing details

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

Earnings calendar Β· Navan, Inc.

Every quarter, companies publish how much they sold and earned. These are the days Navan, Inc. did it, and the next one. Share prices often move a lot on those days.

Next results

December 11, 2026

Friday Β· in 45 days

Time
After the market closes
Covers
Period ended Oct 31, 2026
Source
Stoqly estimate

Estimated from the same quarter last year. It will be replaced by the announced date once there is one.

See who else reports that week β†’
Date Results for Time Source
Sep 9, 2026 Q2 '27 After the market closes 8-K β†—
Jun 10, 2026 Q1 '27 After the market closes 8-K β†—
Mar 25, 2026 Q4 '26 After the market closes 8-K β†—
Dec 12, 2025 Q3 '26 Time not announced 8-K β†—

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

KIRA’s summary AI analyst

Hi! I read Navan, Inc.’s latest annual report (fiscal 2026). Here is what stands out:

3 strengths 3 to watch

1.Sales and profit

See section β†’
  • Navan, Inc. had $702M of revenue in fiscal 2026, up 30.8% on the year before.
  • Its operating margin was βˆ’28.0%, down 8.0Β pts: of every 100 in sales, about βˆ’28 is left after running the business.
  • Navan, Inc. lost $398M in fiscal 2026.

3.Financial health

See section β†’
  • Navan, Inc. has $616M more cash than debt.
  • Its return on capital was βˆ’26.3%: every 100 invested in the business earned about βˆ’26 in a year.
  • Navan, Inc. passes 5 of 9 financial health tests (Piotroski F-score).

Navan, Inc. in 30 seconds

Good So-so Weak

Good

Are sales growing?

+30.8%

Yes. Sales grew 30.8% last year.

Weak

Does it make a profit?

βˆ’56.7%

No. It lost money last year.

So-so

Does profit turn into cash?

4.7%

Partly. 4.7% of sales ends up as free cash.

So-so

How healthy are the accounts?

5 / 9

Mixed. It passes 5 of 9 health tests.

For information

How is the share priced?

β€”

No P/E: it made no profit over the last four quarters.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2026

Market cap Last close times the latest diluted share count, so it is approximate.
$6.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
β€”
On βˆ’$2.10 EPS (TTM)

Revenue

Total sales reported in the income statement.

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

See the full section β†’

Operating margin

Operating income as a share of revenue.

KIRA Β· Its operating margin was βˆ’28.0%, down 8.0Β pts: of every 100 in sales, about βˆ’28 is left after running the business.

See the full section β†’

Net income

Profit after all expenses, interest and tax.

KIRA Β· Navan, Inc. lost $398M in fiscal 2026.

See the full section β†’

Free cash flow

Cash from operations minus capital spending.

KIRA Β· Free cash flow was $32.8M in fiscal 2026, 4.7% of revenue.

See the full section β†’

Return on capital

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

KIRA Β· Its return on capital was βˆ’26.3%: every 100 invested in the business earned about βˆ’26 in a year.

See the full section β†’
Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA Β· Navan, Inc. had $702M of revenue in fiscal 2026, up 30.8% on the year before. Its operating margin was βˆ’28.0%, down 8.0Β pts: of every 100 in sales, about βˆ’28 is left after running the business.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

Revenue

Margins, % of revenue

Gross Operating Net FCF

Margins, % of revenue

Gross Operating Net FCF

Net income and earnings per share

KIRA Β· Navan, Inc. lost $398M in fiscal 2026.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

Net income

Diluted EPS

Diluted EPS

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

KIRA Β· Free cash flow was $32.8M in fiscal 2026, 4.7% of revenue.

Cash from operations minus capital spending.

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

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

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

Dividends Buybacks

Diluted shares outstanding (annual)

Insider trades

KIRA Β· In the last 12 months, insiders bought $62.1M and sold $167M of shares on the open market.

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

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$62.1M

4 insiders

Sold, 12 months

$167M

8 insiders

Of sales under plans

5%

$8.4M

DateInsiderTradeSharesPriceValueFiling
Sep 21, 2026 Michael Eric SindicichPresident Sold 8,977 $21.27 $0.2M Form 4
Sep 21, 2026 Ilan Ezra TwigChief Technology Officer, Director Sold 36,040 $21.27 $0.8M Form 4
Sep 21, 2026 Ariel M. CohenChairperson and CEO, Director Sold 50,647 $21.27 $1.1M Form 4
Aug 27, 2026 Ariel M. CohenChairperson and CEO, Director Sold plan 243,378 $30.14 $7.3M Form 4
Jul 8, 2026 Lightspeed General Partner Opportunity Fund, L.P.10% owner Sold 8,983 $25.36 $0.2M Form 4
Jul 1, 2026 Lightspeed Venture Partners X, L.P.10% owner Sold 10,569 $24.65 $0.3M Form 4
Jun 22, 2026 Ilan Ezra TwigChief Technology Officer, Director Sold 24,726 $21.06 $0.5M Form 4
Jun 22, 2026 Michael Eric SindicichPresident Sold 2,176 $21.06 $0.0M Form 4
Jun 22, 2026 Ariel M. CohenChairperson and CEO, Director Sold 41,530 $21.06 $0.9M Form 4
Jun 17, 2026 Lightspeed Strategic Partners Ultimate General Partner I L.L.C.10% owner Sold 77,323 $19.06 $1.5M Form 4
Jun 17, 2026 Arif JanmohamedDirector Sold 77,323 $19.06 $1.5M Form 4
Jun 16, 2026 Arif JanmohamedDirector Sold 398,546 $19.13 $7.6M Form 4
Jun 16, 2026 Lightspeed Strategic Partners Ultimate General Partner I L.L.C.10% owner Sold 398,546 $19.13 $7.6M Form 4
Jun 15, 2026 Arif JanmohamedDirector Sold 1,004,231 $20.37 $20.5M Form 4
Jun 15, 2026 Lightspeed Venture Partners X, L.P.10% owner Sold 1,004,231 $20.37 $20.5M Form 4
Jun 12, 2026 Lightspeed Venture Partners X, L.P.10% owner Sold 1,019,900 $20.00 $20.4M Form 4
Jun 12, 2026 Arif JanmohamedDirector Sold 1,019,900 $20.00 $20.4M Form 4
May 28, 2026 Michael Eric SindicichPresident Sold plan 51,169 $20.20 $1.0M Form 4
Mar 30, 2026 Anre D WilliamsDirector Bought 100,000 $12.00 $1.2M Form 4
Mar 20, 2026 Michael Eric SindicichPresident Sold 2,206 $8.62 $0.0M Form 4
Mar 20, 2026 Ariel M. CohenChairperson and CEO, Director Sold 151,007 $8.62 $1.3M Form 4
Mar 20, 2026 Ilan Ezra TwigChief Technology Officer, Director Sold 49,210 $8.62 $0.4M Form 4
Mar 3, 2026 Anne Mary GiviskosSee Remarks Sold 31,150 $9.52 $0.3M Form 4
Jan 28, 2026 Michael Eric SindicichPresident Sold 9,349 $13.86 $0.1M Form 4
Jan 28, 2026 Anne Mary GiviskosInterim CFO Sold 2,675 $13.85 $0.0M Form 4
Jan 7, 2026 AH Parallel Fund V-Q, L.P.10% owner Bought 46,337 $18.11 $0.8M Form 4
Jan 7, 2026 Benjamin A HorowitzDirector, 10% owner Bought 46,337 $18.11 $0.8M Form 4
Jan 6, 2026 AH Parallel Fund V-B, L.P.10% owner Bought 308,188 $16.74 $5.2M Form 4
Jan 6, 2026 Benjamin A HorowitzDirector, 10% owner Bought 308,188 $16.74 $5.2M Form 4
Jan 5, 2026 AH Parallel Fund V-B, L.P.10% owner Bought 202,729 $15.77 $3.2M Form 4
Jan 5, 2026 Benjamin A HorowitzDirector, 10% owner Bought 202,729 $15.77 $3.2M Form 4
Jan 2, 2026 Benjamin A HorowitzDirector, 10% owner Bought 466,058 $16.27 $7.6M Form 4
Jan 2, 2026 AH Parallel Fund V-B, L.P.10% owner Bought 466,058 $16.27 $7.6M Form 4
Dec 29, 2025 Benjamin A HorowitzDirector, 10% owner Bought 99,502 $16.16 $1.6M Form 4
Dec 26, 2025 Benjamin A HorowitzDirector, 10% owner Bought 229,917 $15.57 $3.6M Form 4
Dec 24, 2025 Benjamin A HorowitzDirector, 10% owner Bought 167,519 $15.83 $2.7M Form 4
Dec 23, 2025 Benjamin A HorowitzDirector, 10% owner Bought 225,484 $15.84 $3.6M Form 4
Dec 22, 2025 Benjamin A HorowitzDirector, 10% owner Bought 334,112 $15.90 $5.3M Form 4
Dec 19, 2025 Benjamin A HorowitzDirector, 10% owner Bought 240,835 $14.70 $3.5M Form 4
Dec 18, 2025 Benjamin A HorowitzDirector, 10% owner Bought 103,960 $13.61 $1.4M Form 4
Dec 17, 2025 Benjamin A HorowitzDirector, 10% owner Bought 347,600 $12.65 $4.4M Form 4
Dec 17, 2025 Anre D WilliamsDirector Bought 100,000 $12.72 $1.3M Form 4
Oct 31, 2025 Ilan Ezra TwigChief Technology Officer, Director, 10% owner Sold 1,000,000 $25.00 $25.0M Form 4
Oct 31, 2025 Michael Eric SindicichPresident Sold 231,842 $25.00 $5.8M Form 4
Oct 31, 2025 Ariel M. CohenChairperson and CEO, Director, 10% owner Sold 863,666 $25.00 $21.6M Form 4

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

KIRA Β· Navan, Inc. has $616M more cash than debt.

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

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Cash vs debt (incl. leases)

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

Returns on capital

KIRA Β· Its return on capital was βˆ’26.3%: every 100 invested in the business earned about βˆ’26 in a year.

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

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Return on capital, equity and assets (annual)

Return on capital Return on equity Return on assets

Piotroski F-score

KIRA Β· Navan, Inc. passes 5 of 9 financial health tests (Piotroski F-score).

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

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

TestFY24FY25FY26
Net income is positive βœ• βœ• βœ•
Cash from operations is positive βœ• βœ• βœ“
Return on assets rose β€” β€” βœ•
Cash from operations exceeds net income βœ“ βœ“ βœ“
Debt fell relative to assets β€” β€” βœ“
Current ratio rose β€” β€” βœ“
Share count didn't rise β€” βœ• βœ•
Gross margin rose β€” βœ“ βœ“
Revenue rose relative to assets β€” β€” βœ•
F-score β€” / 3β€” / 55 / 9
Accruals ratio β€”βˆ’12.1%βˆ’30.9%
Altman Z'' β€”βˆ’5.351.70

All figures

Every number, year by year.

3 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

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 βˆ’$246M βˆ’$108M βˆ’$197M
Interest expense $63.3M $76.0M $51.3M
Pretax income βˆ’$326M βˆ’$172M βˆ’$396M
Income tax $5.4M $9.6M $2.1M
Net income βˆ’$332M βˆ’$181M βˆ’$398M
Diluted EPS βˆ’$7.44 βˆ’$4.00 βˆ’$4.07
Diluted shares 0.04B 0.05B 0.10B
Cash flow
Cash from operations βˆ’$166M βˆ’$50.4M $33.7M
Capital expenditure $0.6M $1.0M $0.9M
Free cash flow βˆ’$167M βˆ’$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 β€” $618M $125M
Current assets β€” $689M $1.3B
Current liabilities β€” $446M $321M
Property and equipment, net β€” $29.5M $35.0M
Goodwill $221M $220M $241M
Intangible assets β€” $55.6M $19.3M
Total assets β€” $1.1B $1.7B
Total liabilities β€” $970M $501M
Preferred stock β€” $0.0M $0.0M
Shareholders' equity βˆ’$1.1B βˆ’$1.2B $1.2B
Margins
Gross margin 59.6% 68.4% 71.3%
Operating margin βˆ’61.2% βˆ’20.1% βˆ’28.0%
EBITDA margin βˆ’54.6% βˆ’15.4% βˆ’19.5%
Net margin βˆ’82.4% βˆ’33.7% βˆ’56.7%
FCF margin βˆ’41.5% βˆ’9.6% 4.7%
Returns
Return on capital β€” β€” βˆ’26.3%
Return on capital employed β€” βˆ’16.9% βˆ’14.2%
Return on equity β€” β€” βˆ’3,761.7%
Return on assets β€” βˆ’16.7% βˆ’28.5%
Return on tangible equity β€” β€” βˆ’42.0%
Growth
Revenue growth β€” 33.5% 30.8%
Share count change β€” 1.5% 116.0%
Financial health
Debt / equity β€” β€” 0.1x
Interest coverage βˆ’3.9x βˆ’1.4x βˆ’3.8x
Current ratio β€” 1.5x 4.1x
Quick ratio β€” 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 β€” β€” 5.0
Altman Z'' β€” βˆ’5.3 1.7
Accruals ratio β€” βˆ’12.1% βˆ’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 β€” not investment advice. Check the original filings before relying on any figure.

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