Jul 2026 (Q2 FY27) — Sep 9, 2026
Navan Q2 FY27 — Strong GBV Growth, AI-Driven Efficiency, and Strategic M&A
Read the full callNavan (NAVN) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Navan earnings: last reported Wed, 9 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 233 | +35.4% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -11.0 | −3.9 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -29.1 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$25.67 +1.14% · +$0.29
Performance +28.4% 1Y
1Y: $20 on 30 Oct 2025 → $25.67. High $30.58 (27 Aug 2026), low $8.51 (24 Mar 2026).
- Previous close
- $25.38
- 52-week range
- $8.51 – $30.58
- One year
- +28.35%
Overview
- Symbol
- NAVN
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Apr 2026 (Q1 FY27) — Jun 10, 2026
Navan Q1 FY27 — Strong Growth, Margin Expansion, and AI Leadership
Read the full callEvery analysed call
Navan earnings calls (NAVN)
Financials
What the filings say
Net profit, year on year: +25% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 151 | 132 | 157 | 172 | 195 | 178 | 220 | 233 |
| Operating profit | -19 | -33 | -16 | -12 | -79 | -89 | -18 | -26 |
| Operating margin | −12.9% | −24.9% | −10.1% | −7.1% | −40.6% | −50.3% | −8.2% | −11.0% |
| Other income | 1 | -3 | 6 | 1 | -1 | 11 | 1 | 2 |
| Interest | 20 | 18 | 16 | 16 | 16 | 4 | 3 | 3 |
| Profit before tax | -37 | -47 | -57 | -35 | -222 | -82 | -20 | -26 |
| Tax rate | −14.1% | −0.2% | −7.9% | −10.2% | −1.6% | 11.4% | −4.1% | −10.8% |
| Net profit | -42 | -47 | -61 | -39 | -225 | -73 | -21 | -29 |
| EPS ($ per share) | -0.92 | — | -1.33 | -0.83 | -4.58 | — | -0.08 | -0.11 |
| Line item | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Reserves | — | -1,617 | -2,015 |
| Total liabilities | — | 970 | 501 |
| Fixed assets | — | 30 | 35 |
| Investments | — | 0 | 157 |
| Total assets | — | 1,084 | 1,709 |
| Line item | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Cash from operations | -166 | -50 | 34 |
| Cash from investing | -109 | 45 | -203 |
| Cash from financing | 213 | 53 | 520 |
| Net cash flow | -63 | 43 | 357 |
| Capital expenditure | -1 | -1 | -1 |
| Free cash flow | -167 | -51 | 33 |
NAVN revenue by segment
Usage Based Revenue shrank from 92% to 91% of revenue over the last three quarters.
| Segment | Q3 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|
| Usage Based Revenue | 92% | 92% | 91% | — |
| Subscription Revenue | 8% | 8% | 9% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
NAVN operating KPIs by quarter
| KPI | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Gross bookings | $3.1BIn Q1, gross bookings reached $3.1 billion, which was up 50% year-over-year, and revenue was $220 million, up 40% year-over-year.Source: earnings call transcript | $3B+Revenue was $233 million, up 35% year-over-year, and GBV reached just over $3 billion, up 45% year-over-year.Source: earnings call transcript | — |
| Net Promoter Score (NPS) | 45This is why our NPS is at 45.Source: earnings call transcript | 44Again, customer satisfaction remained high with CSAT of 96 and NPAs to 44.Source: earnings call transcript | -2.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- US 66% ↑ 3 pt
- Other Geographical Areas 17%
- GB 17% ↓ 4 pt
As NAVN cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
221 filings between Oct 30, 2025 and Sep 21, 2026.
Open market
decisions to buy or sellPurchases
$172.62M
49 purchases by 5 insiders
Sales
$223.34M
53 sales by 7 insiders
9% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 2
- Tax withheld — shares kept back by the company to cover tax
Also filed: 64 conversions, 27 other filings, 2 option exercises.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lightspeed Venture Partners Select II, L.P. | — | $50.45M | Jul 8, 2026 |
| Lightspeed Venture Partners X, L.P. | — | $50.45M | Jul 8, 2026 |
| Janmohamed Arif | — | $49.96M | Jun 17, 2026 |
| HOROWITZ BENJAMIN A | $42.85M | — | Jan 7, 2026 |
| Andreessen Horowitz Fund V, L.P. | $42.85M | — | Jan 7, 2026 |
| Andreessen Horowitz LSV Fund I, L.P. | $42.85M | — | Jan 7, 2026 |
| Andreessen Horowitz LSV Fund III, L.P. | $42.85M | — | Jan 7, 2026 |
| Cohen Ariel M. | — | $38.22M | Sep 21, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Sindicich Michael Eric President | Sale | 8,977 | $191.0K |
| Sep 21, 2026 | Twig Ilan Ezra Chief Technology Officer | Sale | 36,040 | $766.7K |
| Sep 21, 2026 | Cohen Ariel M. Chairperson and CEO | Sale | 50,647 | $1.08M |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Conversion 10b5-1 plan | 75,000 | $0 |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Sale 10b5-1 plan | 168,378 | $5.08M |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Conversion 10b5-1 plan | 75,000 | $0 |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Sale 10b5-1 plan | 75,000 | $2.26M |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Sale 10b5-1 plan | 75,000 | $2.26M |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Conversion 10b5-1 plan | 75,000 | $0 |
| Aug 27, 2026 | Cohen Ariel M. Chairperson and CEO | Sale 10b5-1 plan | 75,000 | $2.26M |
| Aug 20, 2026 | Liang Clara Director | Award | 438 | $12.5K |
| Aug 20, 2026 | ZEEV OREN Director | Award | 394 | $11.3K |
| Aug 20, 2026 | Kaveripatnam Sandesh Director | Award | 394 | $11.3K |
| Aug 20, 2026 | HOROWITZ BENJAMIN A Director | Award | 657 | $18.8K |
| Aug 20, 2026 | Williams Anre D Director | Award | 412 | $11.8K |
| Jul 8, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Sale | 8,983 | $227.8K |
| Jul 8, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Sale | 8,983 | $227.8K |
| Jul 7, 2026 | ZEEV OREN Director | Other | 567,965 | $0 |
| Jul 7, 2026 | ZEEV OREN Director | Other | 1,082,303 | $0 |
| Jul 7, 2026 | ZEEV OREN Director | Other | 1,576,676 | $0 |
| Jul 7, 2026 | ZEEV OREN Director | Other | 452,949 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 192,885 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 8,983 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 401,655 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 401,655 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 670,005 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 670,005 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 1,894,598 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 2,979,102 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 1,894,598 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 192,885 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Other | 2,979,102 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 8,983 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 401,655 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 401,655 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 670,005 | $0 |
| Jul 7, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Other | 670,005 | $0 |
| Jul 1, 2026 | Lightspeed Venture Partners X, L.P. 10% owner | Sale | 10,569 | $260.5K |
| Jul 1, 2026 | Lightspeed Venture Partners Select II, L.P. 10% owner | Sale | 10,569 | $260.5K |
| Jun 26, 2026 | ZEEV OREN Director | Other | 1,576,676 | $0 |
| Jun 26, 2026 | ZEEV OREN Director | Other | 567,965 | $0 |
| Jun 26, 2026 | ZEEV OREN Director | Other | 452,949 | $0 |
| Jun 25, 2026 | Janmohamed Arif Director | Award | 9,959 | $0 |
| Jun 25, 2026 | KOUREY MICHAEL R Director | Award | 9,959 | $0 |
| Jun 25, 2026 | ZEEV OREN Director | Award | 9,959 | $0 |
| Jun 25, 2026 | Kaveripatnam Sandesh Director | Award | 9,959 | $0 |
| Jun 25, 2026 | HOROWITZ BENJAMIN A Director | Award | 9,959 | $0 |
| Jun 25, 2026 | Liang Clara Director | Award | 9,959 | $0 |
| Jun 25, 2026 | Weiss Shai Director | Award | 4,150 | $0 |
| Jun 25, 2026 | Williams Anre D Director | Award | 9,959 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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