Navan, Inc. (NAVN) Stock Analysis
Technology · Software - Application · NasdaqGS
Navan, Inc. (NAVN) posted $702.26M in revenue for fiscal 2026 (up 30.8% year over year), with a net loss of $398.03M, and has compounded revenue about 32.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Navan, Inc.
Navan, Inc. has grown revenue from $402.26M to $702.26M over the last 3 fiscal years, compounding about 32.1% a year. The most recent year was up 30.8%, so growth has cooled from its longer-run pace.
Net margin sits at -56.7%, down 23 points year over year on a 71.3% gross margin. It carries about $124.80M of total debt.
At today's valuation the market is pricing in roughly 50.8% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Navan, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Navan, Inc. revenue & earnings — last 3 fiscal years
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | $402.26M | $536.84M | $702.26M |
| Gross profit | $239.63M | $367.02M | $500.47M |
| Net income | $-331.55M | $-181.08M | $-398.03M |
| Net margin | -82.4% | -33.7% | -56.7% |
Source: Navan, Inc. SEC filings (10-K).
Navan, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 130.7% while revenue rose 30.8% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -56.7%).
What growth is priced into NAVN stock?
At today's market cap of $5.97B, Navan, Inc. is priced for free-cash-flow growth of about 50.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $14.76M from the FY ending 2026-01-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 3 years of Navan, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Navan, Inc. financial history by metric
About Navan, Inc.
Navan, Inc. operates an AI-powered software platform to simplify the travel and expense experience, benefiting users, customers, and suppliers. The company offers AI-powered travel, payments, and expense management solutions to streamline the travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. It serves finance, human resources, travel managers, inventory, and other markets. Navan, Inc. was formerly known as TripActions, Inc. and changed its name to Navan, Inc. in February 2023. The company was incorporated in 2015 and is based in Palo Alto, California.
Navan, Inc. — frequently asked questions
What is Navan, Inc.'s revenue?
Navan, Inc. (NAVN) reported revenue of $702.26M for fiscal year 2026, up 30.8% from the prior year, according to its SEC filings.
Is Navan, Inc. profitable?
No — NAVN reported a net loss of $-398.03M in fiscal 2026.
What is NAVN's P/E ratio?
Navan, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Navan, Inc. growing?
NAVN's revenue grew at roughly 32.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Navan, Inc. have?
As of fiscal year 2026, NAVN carried roughly $124.80M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Navan, Inc.'s gross margin?
NAVN's gross margin was 71.3% in fiscal 2026 — gross profit of $500.47M on revenue of $702.26M.
What is Navan, Inc.'s market cap?
Navan, Inc. (NAVN) has a market capitalization of about $5.97B, based on the latest data in our nightly-refreshed cache.
When does Navan, Inc.'s fiscal year end?
NAVN's fiscal year ends in January. Its most recent annual filing covers the fiscal year ending 2026-01-31.
What growth is priced into NAVN stock?
At today's market cap of $5.97B, Navan, Inc. is priced for free-cash-flow growth of about 50.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $14.76M from the FY ending 2026-01-31).
Where does this data come from?
All figures are computed from Navan, Inc.'s official SEC filings (10-K and 10-Q), covering 3 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.