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Navan, Inc. operates an AI-powered software platform to simplify the travel and expense experience, benefiting users, customers, and suppliers. The company offers AI-powered travel, payments, and expense management solutions to streamline the travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. It serves finance, human resources, travel managers, inventory, and other markets. Navan, Inc. was formerly known as TripActions, Inc. and changed its name to Navan, Inc. in February 2023. The company was incorporated in 2015 and is based in Palo Alto, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $702M | $-284M | $-398M | $15M | -32.9% | - | - |
| 2025 | $0M | $0M | $0M | $0M | - | - | - |
| 2024 | $0M | $0M | $0M | $0M | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Revenue | 0 | 0 | 702.26 |
| Cost Of Revenue | 0 | 0 | 201.79 |
| Gross Profit | 0 | 0 | 500.47 |
| Operating Expense | 0 | 0 | 697.35 |
| Operating Income | 0 | 0 | -196.88 |
| EBITDA | 0 | 0 | -284.38 |
| EBIT | 0 | 0 | -344.62 |
| Pretax Income | 0 | 0 | -395.92 |
| Tax Provision | 0 | 0 | 2.11 |
| Net Income | 0 | 0 | -398.03 |
| Net Income Common Stockholders | 0 | 0 | -398.03 |
| Total Expenses | 0 | 0 | 899.14 |
| Interest Expense | 0 | 0 | 51.30 |
| Interest Income | 4.52 | 5.62 | 9.24 |
| Research And Development | 0 | 0 | 151.24 |
| Selling General And Administration | 0 | 0 | 546.11 |
| Normalized EBITDA | -235.19 | -65.92 | -178.04 |
| Normalized Income | -330.93 | -177.37 | -334.23 |
| Basic EPS | 0 | 0 | -4.07 |
| Diluted EPS | 0 | 0 | -4.07 |
| Tax Effect Of Unusual Items | -0.17 | -0.99 | -42.53 |
| Tax Rate For Calcs | 0 | 0 | 0.40 |
| Total Unusual Items | -0.79 | -4.70 | -106.34 |
| Total Unusual Items Excluding Goodwill | -0.79 | -4.70 | -106.34 |
| Net Income From Continuing Operation Net Minority Interest | 0 | 0 | -398.03 |
| Reconciled Depreciation | 0 | 0 | 60.25 |
| Reconciled Cost Of Revenue | 0 | 0 | 201.79 |
| Net Interest Income | -58.76 | -70.38 | -42.06 |
| Net Income From Continuing And Discontinued Operation | 0 | 0 | -398.03 |
| Total Operating Income As Reported | 0 | 0 | -196.88 |
| Diluted Average Shares | 0 | 0 | 97.80 |
| Basic Average Shares | 0 | 0 | 97.80 |
| Diluted NI Availto Com Stockholders | 0 | 0 | -398.03 |
| Net Income Including Noncontrolling Interests | 0 | 0 | -398.03 |
| Net Income Continuous Operations | 0 | 0 | -398.03 |
| Other Income Expense | -21.02 | 6.51 | -156.98 |
| Other Non Operating Income Expenses | -20.23 | 11.21 | -50.65 |
| Special Income Charges | 0 | 0 | -117.98 |
| Other Special Charges | 0 | 0 | 117.98 |
| Gain On Sale Of Security | -0.79 | -4.70 | 11.64 |
| Net Non Operating Interest Income Expense | -58.76 | -70.38 | -42.06 |
| Interest Expense Non Operating | 0 | 0 | 51.30 |
| Interest Income Non Operating | 4.52 | 5.62 | 9.24 |
| Selling And Marketing Expense | 0 | 0 | 342.67 |
| General And Administrative Expense | 0 | 0 | 203.44 |
| Other Gand A | 0 | 0 | 203.44 |
| Operating Revenue | 0 | 0 | 702.26 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Navan, Inc.this co. | NAVN | $4.3B | - | 3.53 | -32.9% | -26.01 |
| Belden Inc. | BDC | $5.0B | 21.54 | 3.93 | 18.8% | 13.62 |
| Remitly Global, Inc. | RELY | $4.6B | 70.61 | 5.31 | 7.8% | 46.80 |
| Commvault Systems, Inc. | CVLT | $4.4B | 64.04 | 581.49 | 23.4% | 37.72 |
| Zeta Global Holdings Corp. | ZETA | $4.4B | - | 5.42 |
| -3.9% |
| 52.89 |
| Novanta Inc. | NOVT | $4.3B | 82.24 | 3.28 | 4.1% | 23.79 |
| Fastly, Inc. | FSLY | $4.1B | - | 4.30 | -13.1% | -64.33 |
| nLIGHT, Inc. | LASR | $3.7B | - | 14.66 | -10.3% | -354.68 |
| Webull Corporation | BULL | $3.6B | - | 3.48 | 2.4% | - |
| Peer Median | - | 67.33 | 4.80 | 3.3% | 23.79 | |