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Navan, Inc. Class A (NAVN) AI Stock Analysis
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Navan, Inc. Class A
(NASDAQ:NAVN)
The score is driven primarily by improving fundamentals (rapid growth, higher gross margins, improved leverage, and positive 2026 operating/free cash flow), supported by a strongly positive earnings call with raised guidance and improving non-GAAP profitability outlook. Offsetting these positives are still-heavy GAAP losses and mixed technical signals, while valuation support is limited due to a negative P/E and no dividend.
Navan, Inc. Class A (NAVN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $6.40B
- Dividend Yield
- ―
- Average Volume (3M)
- 3.15M
- Price to Earnings (P/E)
- -18.8
- Beta (1Y)
- 1.61
- Revenue Growth
- 34.83%
- EPS Growth
- -83.69%
- Country
- US
- Employees
- 3,700
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Application
Navan, Inc. Class A Business Overview & Revenue Model
Company Description
Navan, Inc. delivers an innovative, AI-powered software platform engineered to simplify the complex landscape of corporate travel and expense management. This advanced system offers comprehensive solutions for travel booking, payments, and expense tr...
Navan, Inc. Class A Earnings Call Summary
The call was strongly positive. Highlights significantly outweighed the limited challenges, with broad-based revenue, GBV, payments, subscription, enterprise sales, customer adoption, AI usage, margins, cash flow, and guidance momentum. The main cautions were travel price inflation, lengthy enterprise ramp cycles, higher sales commissions, moderated quarterly gross margin expansion, and limited near-term financial contributions from recent acquisitions.
Q2-2027 Updates
Positive Updates
Negative Updates
Company Guidance
For Q3, Navan expects revenue of $253 million to $255 million, representing 30% growth at the midpoint, and non-GAAP operating income of $35.5 million to $36.5 million, representing a 14% margin; for the full year, it raised revenue guidance to $927 million to $933 million, or 32% growth at the midpoint, and non-GAAP operating income guidance to $82 million to $86 million, or a 9% margin. The company is assuming steady inflation for the rest of the year, described as “a reasonable assumption”; SmartTrip is expected to have an immaterial impact on fiscal '27, while BoomPop is expected to have a low single digit -- very low single-digit impact to revenue in fiscal '27, a mid-single-digit impact to non-GAAP operating income, and become accretive in fiscal '28.
Navan, Inc. Class A Financial Statement Overview
Summary
Strong and consistent revenue growth and materially improving gross margin are positives, and leverage reduction plus a turn to positive operating/free cash flow in 2026 reduce near-term balance sheet risk. However, operating and net losses remain very large and worsened versus 2025, keeping overall financial quality only mid-range.
Income Statement
44NeutralBalance Sheet
70PositiveCash Flow
62Positive| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 825.87M | 702.26M | 536.84M | 402.26M |
| Gross Profit | 599.16M | 500.47M | 342.43M | 214.27M |
| EBITDA | -265.36M | -284.38M | -70.62M | -235.98M |
| Net Income | -347.77M | -398.03M | -181.08M | -331.55M |
Balance Sheet | ||||
| Total Assets | 1.81B | 1.71B | 1.08B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 909.88M | 740.51M | 305.83M | 262.38M |
| Total Debt | 170.22M | 174.35M | 672.43M | 573.85M |
| Total Liabilities | 495.41M | 500.70M | 965.93M | 846.87M |
| Stockholders Equity | 1.32B | 1.21B | 114.22M | 219.15M |
Cash Flow | ||||
| Free Cash Flow | 40.38M | 14.76M | -51.40M | -166.92M |
| Operating Cash Flow | 47.27M | 33.67M | -50.41M | -166.36M |
| Investing Cash Flow | -216.08M | -203.03M | 44.87M | -108.78M |
| Financing Cash Flow | 601.55M | 519.92M | 52.55M | 212.62M |
Navan, Inc. Class A Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NAVN, the sentiment is Positive. The current price of 26.10 is above the 20-day moving average (MA) of 24.99, above the 50-day MA of 24.48, and above the 200-day MA of 19.48, indicating a bullish trend. The MACD of 0.98 indicates Negative momentum. The RSI at 58.71 is Neutral, neither overbought nor oversold. The STOCH value of 53.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NAVN.
Navan, Inc. Class A Risk Analysis
Navan, Inc. Class A disclosed 66 risk factors in its most recent earnings report. Navan, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksNavan, Inc. Class A Peers Comparison
Overall Rating
DSP72Outperform
GRND63Neutral- NAVN61Neutral
SMRT55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DSP | 72Outperform | $853.18M | 30.23 | 11.42% | ― | 21.99% | 271.66% |
| GRND | 63Neutral | $2.20B | 24.33 | 357.13% | ― | 32.38% | ― |
| NAVN | 61Neutral | $6.80B | -18.75 | -27.94% | ― | 34.83% | -83.69% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SMRT | 55Neutral | $258.68M | -13.45 | -8.50% | ― | -2.78% | 72.47% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NAVN | Navan, Inc. Class A | 26.10 | 8.87 | 51.48% | |
| GRND | Grindr Inc. | 12.65 | -1.05 | -7.66% | |
| SMRT | Smartrent, Inc. | 1.35 | -0.01 | -0.74% | |
| DSP | Viant Technology, Inc. | 12.83 | 4.01 | 45.46% |
Navan, Inc. Class A Corporate Events
Navan establishes new warehouse credit facility to fund receivables
PositiveOn October 5, 2026, Navan Travel US SPV LLC, a bankruptcy-remote subsidiary of Navan, Inc., entered into a new revolving warehouse credit facility of up to $225 million with a lender group led by Barclays Bank PLC to finance purchases of Navan’...
Navan Raises 2027 Outlook After Strong Q2 Results
PositiveNavan reported strong second quarter fiscal 2027 results on September 9, 2026, with revenue up 35% year-over-year to $233 million and gross booking volume rising 45% to $3.0 billion, driven by new customers and expansion in its installed base. Non-GA...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 09, 2026