Overview
- Investors sent Navan higher after Wednesday’s results, with shares up about 16% after hours and closing Thursday up 43%. Shares still trade well below the $22 October IPO price.
- Navan reported fourth-quarter revenue of $177.9 million versus $162 million expected. Gross bookings reached $2.3 billion, up 42% year over year, and payment value was $1 billion, up 19%.
- For fiscal 2026, revenue rose 31% to $702 million. The GAAP net loss widened to $398 million, including $118 million tied to debt extinguishment.
- The company projected fiscal 2027 revenue of $866 million to $874 million, above the roughly $839 million analyst consensus. Sales and marketing spend more than doubled to $117.3 million as it onboards large clients such as Yahoo.
- Chief financial officer Aurélien Nolf said Navan earns more when travel prices rise because its fees track customer travel spend, which could give results a short-term boost if oil pushes costs higher.