NAVN Stock — Navan, Inc.

Up next

Next earnings call

Dec 9, 2026 Est · unconfirmed · in 9 wks

Latest filing: 10-Q

filed Sep 10, 2026

Q2 2027 earnings call transcript

call held Sep 9, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$825.87M

Trailing 12 months

Net income (TTM)

−$347.77M

Trailing 12 months

Revenue growth YoY

+35.4%

Year over year

Operating margin

-25.7%

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

0.9%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+450.8%

Year over year · more shares

Price change (1Y)

—

Trailing year

Short interest

3.9%

Latest settlement · 1.9 days to cover

View all 115 metrics

AI Brief

Q2 FY27 earnings call · Sep 9, 2026

Q2 FY27

TL;DR. Navan delivered strong Q2 FY27 results with revenue up 35% to $233M and GBV up 45% to $3.0B, raised full-year FY27 revenue guidance to $927–$933M (32% growth) and non-GAAP operating income guidance to $82–$86M, while completing the BoomPop acquisition and generating positive free cash flow of $21.5M.

Bullish

+ New signed SLG GBV reached a record $4B over the TTM, up 60% YoY, signaling strong future revenue visibility.
+ Non-GAAP operating margin expanded to 7% from 5% YoY, with non-GAAP gross margin at 75%; non-GAAP income from operations more than doubled.

Bearish

− GAAP loss from operations widened to $(26)M from $(12)M YoY, and GAAP operating margin deteriorated to (11)% from (7)%.
− GAAP net loss was $(29)M (vs. $(39)M a year ago), with basic and diluted GAAP net loss per share of $(0.11).
− Q2 gross margin expansion moderated YoY, and CFO noted it was no longer setting a record as in prior quarters.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 15.5 · calm Equity put/call 0.59

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +17%

above

Price vs 50-day avg −15%

below

RSI (14) 44

neutral

MACD trend Positive

52-week position 60%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Strong

1-month return −21%

trailing

6-month return +58%

trailing

YTD return +28%

this year

Relative strength +46%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $26 › 200d $19 — 50d above 200d

Institutional flow Accumulating

2 of 208 funds reported for Sep 30 · net +148 sh shares · +1 new

Insider flow Distributing

Net -$2.5M over 90 days · 100% sells

Short interest Rising

3.95% of float · ▲ +5.8% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

208 holders — 13F breadth

Squeeze score 55

elevated · 0–100

Fundamentals

Excellent

Revenue growth +31%

Y/Y

Gross margin 71%

expanding

EPS growth −2%

Y/Y

Free cash flow $32.8M

Balance sheet $458.7M

net cash

Quant / Vol

risk profile

Very High

Volatility 88%

annualized · 1-yr

Max drawdown −58%

past year

ATR 5.4%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Sep 9, 2026

third quarter of fiscal year 2027 (ending October 31, 2026)

Total revenue $253M – $255M

prior qtr $232.79M midpoint +9.1% QoQ

Non-GAAP income from operations Non-GAAP $35.5M – $36.5M

Non-GAAP operating margin Non-GAAP 14%

fiscal year 2027 (ending January 31, 2027)

Total revenue $927M – $933M

prior FY $702.27M midpoint +32.4% Y/Y

Non-GAAP income from operations Non-GAAP $82M – $86M

Non-GAAP operating margin Non-GAAP 9%

Guided vs delivered · last 1 settled

Total revenue second quarter of fiscal year 2027 (ending July 31, 2026)

guided $219M – $221M

guided $219M – $221M $232.79M Beat +5.8%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

1 · 4 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+17% Bullish

Price vs 50-day avg

−15% Bearish

RSI (14)

44 Neutral

MACD trend

Positive Bullish

52-week position

60% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $26 › 200d $19 — 50d above 200d

Institutional flow Accumulating

2 of 208 funds reported for Sep 30 · net +148 sh shares · +1 new

Insider flow Distributing

Net -$2.5M over 90 days · 100% sells

Short interest Rising

3.95% of float · ▲ +5.8% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

208 holders — 13F breadth

Price context

position in its available closing range

Range low $9 Now $22 · 60% Range high $31

vs 200-day avg +17% vs 50-day avg -15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Free cash flow non-GAAP	9.95M	Six Months Ended July 31, 2026	—

GAAP → non-GAAP reconciliation GAAP Net cash provided by operating activities 25.19M -5.41M Less: Capitalized software development costs +1.72M Net capital expenditures = Free cash flow 21.5M
Gross Booking Volume	3B	Q2 FY2027	—

New Signed GBV (SLG)	4B	TTM Q2 FY2027	—
Non-GAAP gross margin non-GAAP	75%	Q2 FY2027	+0.0%

Non-GAAP gross profit non-GAAP	$175M	Q2 FY2027	—

GAAP → non-GAAP reconciliation GAAP GAAP gross profit 172.47M +2.42M Stock-based compensation-related charges +0K Amortization of intangible assets +144K Restructuring costs = Non-GAAP gross profit 175.03M
Non-GAAP income from operations non-GAAP	$17M	Q2 FY2027	—

GAAP → non-GAAP reconciliation GAAP GAAP loss from operations -25.57M +43.3M Stock-based compensation-related charges +671K Amortization of intangible assets +377K Severance and executive transition costs +654K Restructuring costs -2.17M Gain on sale of property and equipment = Non-GAAP income from operations 17.26M
Non-GAAP net income (loss) non-GAAP	35.33M	Six Months Ended July 31, 2026	—

GAAP → non-GAAP reconciliation GAAP GAAP net loss -29.12M +43.3M Stock-based compensation-related charges +671K Amortization of intangible assets +377K Severance and executive transition costs +654K Restructuring costs +477K Amortization of debt discount and debt issuance costs -2.17M Gain on sale of property and equipment +0K Loss on fair value adjustments +0K SAFE debt issuance costs expensed +0K Loss on extinguishment of debt -447K Non-GAAP provision for income taxes = Non-GAAP net income (loss) 13.74M
Non-GAAP net income (loss) per share attributable to common stockholders, basic non-GAAP	$0.14	Six Months Ended July 31, 2026	—
Non-GAAP net income (loss) per share attributable to common stockholders, diluted non-GAAP	$0.13	Six Months Ended July 31, 2026	—
Payment Volume	1.3B	Q2 FY2027	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Application — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
NAVN Navan, Inc. this stock	$5.06B	+27.9%	+30.8%	—	3.9%
QH QUHUO Ltd	$350.35B	+246.3%	+59.7%	—	0.0%
SAP Sap SE	$243.17B	-14.5%	—	—	0.4%
CRM Salesforce, Inc.	$191.79B	-13.3%	+25.9%	21.3	3.9%
SHOP Shopify Inc.	$183.03B	-0.5%	+30.1%	95.5	1.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

209

% held: 65.1%
Reported: 2 of 208
Top holder: LIGHTSPEED MANAGEMENT COM…

Held Float

View

Held by Funds

Fund positions

189

View

Short & Settlement

Short Interest Rising

Shares short

10.3M

Days to cover: 1.9d
Change: +564.2K sh

View

Short Volume

Short vol %

52%

As of: Oct 5, 2026

Short Total

View

Fails to Deliver

FTD shares

7.5K

Value: $157.1K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

34.7%

Week of: Aug 31, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$2.5M

Buyers / Sellers: 0 / 5

Buyers Sellers

View

Financials

Revenue (FY)

$702.3M

Net income (FY): $-398.0M
EPS diluted: $-4.07

View

Filings

SEC Filings

Latest

Investor Event Transcript

Filed: Sep 10, 2026
This year: 13

View

Proposed Sales

Value

$191.7K

Shares: 9.0K
Filed: Sep 21, 2026

View

Exempt Offerings

Offering

$362.0M

Filed: Oct 26, 2021

View

Earnings & Events

Webcasts

Last webcast

Sep 10, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
NAVN	+9.3%	-21.4%	+57.7%	+4.1%	+27.9%
SPY	+1.2%	+0.6%	+11.6%	+1.6%	+13.6%
vs SPY	+8.1%	-22.0%	+46.1%	+2.5%	+14.3%

NAVN · Navan, Inc.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance