Navan, Inc.
NAVN · Price history
Price at last available close
$27.08
+$7.10 (+35.54%) 1M
2026-10-27
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Company & revenue
About Navan, Inc.
Primary reporting period: 2026-01-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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 tracking, benefiting individual users, client organizations, and their vendors alike. It meticulously streamlines the entire business travel process, from initial reservations and policy enforcement through payment handling, expense reconciliation, and final reporting.
How they make money
Navan generates revenue through a combination of customer subscription fees for its software platform, commissions earned from travel suppliers for bookings made through its system, and fees derived from payment partner arrangements related to its corporate card and expense management services.
Products & services
Navan provides an AI-powered business travel and expense management platform that automates booking, expense reconciliation, and travel support for corporate clients.
Brands & revenue mix
The primary brand for the company's AI-powered travel and expense platform.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Corporate enterprises of all sizesSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Travel Suppliers — Airlines, hotels, and other travel service providers that supply inventory for the platform.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
33
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
50
Fair
Financial Strength
20
Business Quality / Moat
100
Management
40
Growth Quality
77
Risk / Durability
0
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
36
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
52/100
Building Historical Record
Model Score 52/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
No strong positive signal is being highlighted from the currently available summary data.
- •Debt service risk
- •M&A headline · Sep 9, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for NAVN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NAVN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is NAVN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is NAVN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for NAVN to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NAVN's current valuation?
Essential Investment Snapshot
Wall Street Score
33
Opportunity Score
36
Market Cap
$6.64B
P/E Ratio
-4.4
EPS
$-5.06
52-Week High
$30.88
52-Week Low
$8.11
Beta
1.10
Analyst Target
$30.00
Shares Outstanding
239.0M
Total Revenue
$825.9M
Total Debt
$170.2M
Dividend
No current dividend
Liquidation Value / Share
$5.50
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NAVN
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-3.8x). Earnings may be strained to cover interest expense.
M&A headline · Sep 9, 2026
Navan Acquires Leading AI-Powered Events Platform BoomPop, Expanding Offerings for Meetings and Events — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on NAVN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary AI framework (Navan Cognition).
- +High customer satisfaction (96% CSAT).
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Dependence on travel industry demand.
- −Reliance on third-party travel suppliers.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
33
Oct 1, 2026
Change
Unchanged
Current Score
33
Oct 8, 2026
Category Changes
NAVN score was unchanged.
Projected Score
Projected Score
34
Projected Change
+1.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$27.08
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| Revenue | $825.9M | $702.3M | $536.8M | $402.3M |
| Cost of Revenue | $226.6M | $201.8M | $194.4M | $188.0M |
| Gross Profit | $599.3M | $500.5M | $342.4M | $214.3M |
| Research & Development | $173.1M | $151.2M | $102.8M | $111.9M |
| SG&A Expenses | $640.7M | $546.1M | $347.3M | $348.7M |
| Operating Expenses | $813.7M | $697.3M | $450.1M | $460.6M |
| EBITDA | -$269.6M | -$284.4M | -$70.6M | -$236.0M |
| Operating Income | -$214.4M | -$196.9M | -$107.6M | -$246.3M |
| Interest Expense | $25.1M | $51.3M | $76.0M | $63.3M |
| Income Before Tax | -$350.1M | -$395.9M | -$171.5M | -$326.1M |
| Income Tax Expense | -$2.3M | $2.1M | $9.6M | $5.4M |
| Net Income | -$347.8M | -$398.0M | -$181.1M | -$331.6M |
| Basic EPS | $-5.06 | $-4.07 | $-0.73 | $-1.34 |
| Basic Shares | 256M | 97.80M | 248M | 248M |
| Diluted Shares | 256M | 97.80M | 248M | 248M |
Earnings Summary
Revenue
$232.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.11
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-76.0%
Cash Change
+139.3%
Margin Change
+10.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 35.4%. EPS declined 31.2%. Cash increased 139.3%. Total debt declined 76.0%. Net income margin improved by 10.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
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Wall Street Analysts See a 27.5% Upside in Navan (NAVN): Can the Stock Really Move This High?
Navan Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Navan, Inc. - NAVN
Rumor Mill · NAVN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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