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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 | - | - | - | - | - | - | - |
| 2024 | - | - | - | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Revenue | - | - | 702.26 |
| Operating Revenue | - | - | 702.26 |
| Cost Of Revenue | - | - | 201.79 |
| Gross Profit | - | - | 500.47 |
| Operating Expense | - | - | 697.35 |
| Research And Development | - | - | 151.24 |
| Selling General And Administration | - | - | 546.11 |
| Total Expenses | - | - | 899.14 |
| Operating Income | - | - | -196.88 |
| Total Operating Income As Reported | - | - | -196.88 |
| EBITDA | - | - | -284.38 |
| Normalized EBITDA | -235.19 | -65.92 | -178.04 |
| EBIT | - | - | -344.62 |
| Interest Income | 4.52 | 5.62 | 9.24 |
| Interest Expense | - | - | 51.30 |
| Net Interest Income | -58.76 | -70.38 | -42.06 |
| Other Non Operating Income Expenses | -20.23 | 11.21 | -50.65 |
| Other Income Expense | -21.02 | 6.51 | -156.98 |
| Interest Income Non Operating | 4.52 | 5.62 | 9.24 |
| Interest Expense Non Operating | - | - | 51.30 |
| Net Non Operating Interest Income Expense | -58.76 | -70.38 | -42.06 |
| Pretax Income | - | - | -395.92 |
| Tax Provision | - | - | 2.11 |
| Tax Rate For Calcs | - | - | 0 |
| Tax Effect Of Unusual Items | -0.17 | -0.99 | -42.53 |
| Net Income Continuous Operations | - | - | -398.03 |
| Net Income From Continuing And Discontinued Operation | - | - | -398.03 |
| Net Income From Continuing Operation Net Minority Interest | - | - | -398.03 |
| Net Income | - | - | -398.03 |
| Net Income Common Stockholders | - | - | -398.03 |
| Net Income Including Noncontrolling Interests | - | - | -398.03 |
| Normalized Income | -330.93 | -177.37 | -334.23 |
| Diluted NI Availto Com Stockholders | - | - | -398.03 |
| Basic Average Shares | - | - | 97.80 |
| Diluted Average Shares | - | - | 97.80 |
| Reconciled Depreciation | - | - | 60.25 |
| Reconciled Cost Of Revenue | - | - | 201.79 |
| Total Unusual Items | -0.79 | -4.70 | -106.34 |
| Total Unusual Items Excluding Goodwill | -0.79 | -4.70 | -106.34 |
| Special Income Charges | 0 | 0 | -117.98 |
| Other Special Charges | - | - | 117.98 |
| Gain On Sale Of Security | -0.79 | -4.70 | 11.64 |
| General And Administrative Expense | - | - | 203.44 |
| Other Gand A | - | - | 203.44 |
| Selling And Marketing Expense | - | - | 342.67 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Navan, Inc.this co. | NAVN | $5.6B | -14.12 | 4.65 | -32.9% | -18.33 |
| InterDigital, Inc. | IDCC | $6.7B | 16.59 | 6.13 | 36.9% | 11.07 |
| Novanta Inc. | NOVT | $5.9B | 109.22 | 4.47 | 4.1% | 32.48 |
| Zeta Global Holdings Corp. | ZETA | $5.8B | -183.13 | 7.17 | -3.9% | 143.62 |
| Synaptics Incorporated | SYNA | $5.5B | -114.05 | 3.91 |
| -3.4% |
| 85.59 |
| Commvault Systems, Inc. | CVLT | $5.0B | 70.96 | 669.07 | 942.8% | 47.35 |
| Bitdeer Technologies Group | BTDR | $4.8B | 72.81 | 5.50 | 7.6% | 16.93 |
| Belden Inc. | BDC | $4.3B | 18.15 | 3.41 | 18.8% | 12.03 |
| nLIGHT, Inc. | LASR | $4.2B | -180.02 | 18.63 | -10.3% | -560.38 |
| Peer Median | - | 17.37 | 5.82 | 5.8% | 24.70 | |