Business
Navan provides an artificial-intelligence-enabled business travel, corporate card and expense-management platform.
Navan grew travel-and-expense revenue more than 30% and generated positive free cash flow, but its very large net loss and stock compensation show that public-company profitability remains distant.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 30.8%OK
- Profitability — The net loss widened from $181.078M to $398.03MWatch
- Cash flow — Free cash flow turned positive at $32.754M from an outflow of $51.4MOK
- Margins — Operating margin contracted 798 bps to -28.03%Watch
- Accounting — Strong growth and cash with heavy accounting lossesNote
- Insiders — 50 purchases and 22 salesOK
Where the revenue comes from
Fiscal 2026, as Navan, Inc. reports it. History and quarterly detail are in the app.
- Usage-based revenue$640.4M
- Subscription revenue$61.9M
Leadership changes
From Navan, Inc.'s own filings, the day they're filed.
- Anne Giviskos · Chief Financial Officer · appointmenteff. 2026-03-02
- Good Reason · departure
Latest filings
- 10-Q · Quarterly report2026-06-11
- 8-K · Company announcement2026-06-10
- DEF 14A · Annual proxy (pay & governance)2026-05-12
- 8-K · Company announcement2026-04-17
- 10-K · Annual report2026-04-02
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Navan, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.