Navan (NAVN)
Unifies corporate travel booking, payments, and expense management on one platform.
$20.15
vs last close−0.82 (−3.91%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Oct 2023 | Q4 FY23Jan 2024 | Q1 FY24Apr 2024 | Q2 FY24Jul 2024 | Q3 FY24Oct 2024 | Q4 FY24Jan 2025 | Q1 FY25Apr 2025 | Q2 FY25Jul 2025 | Q3 FY25Oct 2025 | Q4 FY25Jan 2026 | Q1 FY26Apr 2026 | Q2 FY26Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 110 | 98 | 121 | 133 | 151 | 132 | 157 | 172 | 195 | 178 | 220 | 233 |
| Cost of revenue | 42 | 42 | 42 | 43 | 46 | 44 | 46 | 47 | 57 | 52 | 57 | 60 |
| Gross profit | 68 | 57 | 79 | 90 | 105 | 88 | 112 | 125 | 138 | 126 | 163 | 173 |
| 130 | 121 | 110 | 115 | 125 | 121 | 128 | 137 | 217 | 215 | 181 | 200 | |
| Research & development | 33 | 32 | 29 | 29 | 33 | 32 | 31 | 33 | 51 | 35 | 39 | 47 |
| 97 | 89 | 81 | 86 | 92 | 89 | 96 | 104 | 166 | 180 | 142 | 153 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 62 | 68 | 95 | 117 | 92 | 0 |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 35 | 71 | 63 | 50 | 0 |
| Operating income | −61 | −64 | −31 | −24 | −19 | −33 | −16 | −12 | −79 | −89 | −18 | −28 |
| −30 | −20 | −16 | −16 | −17 | −14 | −41 | −23 | −143 | 7 | −2 | 1 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 6 | 5 | 0 |
| Interest expense | 17 | 19 | 18 | 20 | 20 | 18 | 16 | 16 | 16 | 4 | 3 | 3 |
| Other non-operating income | 13 | 2 | −2 | −3 | −2 | −5 | 25 | 7 | 127 | −11 | −1 | 0 |
| Income before tax | −91 | −84 | −47 | −41 | −37 | −47 | −57 | −35 | −222 | −82 | −20 | −26 |
| Income tax expense | 2 | 1 | 2 | 2 | 5 | 0 | 4 | 4 | 3 | −9 | 1 | 3 |
| Net income from continuing operations | −93 | −86 | −50 | −43 | −42 | −47 | −61 | −39 | −225 | −73 | −21 | −29 |
| Net income | −93 | −86 | −50 | −43 | −42 | −47 | −61 | −39 | −225 | −73 | −21 | −29 |
| EPS, basic | −$0.37 | −$0.35 | −$0.20 | −$0.17 | −$0.17 | −$0.19 | −$0.25 | −$0.16 | −$4.58 | −$0.29 | −$0.08 | −$0.11 |
| EPS, diluted | −$0.37 | −$0.35 | −$0.20 | −$0.17 | −$0.17 | −$0.19 | −$0.25 | −$0.16 | −$4.58 | −$0.29 | −$0.08 | −$0.11 |
| Weighted average shares, basic | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 49 | 249 | 250 | 256 |
| Weighted average shares, diluted | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 49 | 249 | 250 | 256 |
| EBITDA | −73 | −65 | −28 | −20 | −16 | −27 | −35 | −13 | −200 | −36 | −11 | −22 |
| Depreciation & amortization | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 42 | 6 | 6 |
| EBIT | −75 | −66 | −29 | −21 | −17 | −28 | −40 | −19 | −206 | −78 | −17 | −28 |
