NAVN - Navan, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$29.67
DETAILS
HIGH:
$35.00
LOW:
$23.00
MEDIAN:
$30.00
CONSENSUS:
$29.67
UPSIDE:
6.80%
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | |||
| Revenue | 702.3 | 536.8 | 402.3 |
| Cost of Revenue | 201.8 | 194.4 | 188.0 |
| Gross Profit | 500.5 | 342.4 | 214.3 |
| Operating Expenses | |||
| R&D Expenses | 151.2 | 102.8 | 111.9 |
| SG&A Expenses | 546.1 | 347.3 | 348.7 |
| Other Expenses | 0 | 0 | 0 |
| Operating Expenses | 697.3 | 450.1 | 460.6 |
| Operating Income | |||
| Operating Income | (196.9) | (107.6) | (246.3) |
| Interest Expense | 51.3 | 76.0 | 63.3 |
| Interest Income | 9.2 | 0 | 0 |
| Profitability | |||
| EBITDA | (284.4) | (70.6) | (236.0) |
| EBIT | (344.6) | (95.5) | (262.8) |
| Income Before Tax | (395.9) | (171.5) | (326.1) |
| Income Tax Expense | 2.1 | 9.6 | 5.4 |
| Net Income | (398.0) | (181.1) | (331.6) |
| Per Share Data | |||
| EPS (Basic) | -4.07 | -0.73 | -1.34 |
| EPS (Diluted) | -4.07 | -0.73 | -1.34 |
| Shares Outstanding | 97.8 | 248.2 | 248.2 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 583.5 | 305.8 | 262.4 |
| Short-Term Investments | 157.0 | 0 | 0 |
| Net Receivables | 426.4 | 345.8 | 386.6 |
| Inventory | 0 | 0 | 0 |
| Other Current Assets | 106.0 | 15.5 | 18.1 |
| Total Current Assets | 1,307.0 | 684.1 | 679.7 |
| Non-Current Assets | |||
| Property, Plant & Equipment | 53.8 | 77.5 | 77.1 |
| Goodwill | 241.3 | 219.7 | 220.5 |
| Intangible Assets | 44.0 | 55.6 | 61.0 |
| Long-Term Investments | 0 | 4.8 | 5 |
| Other Non-Current Assets | 62.7 | 42.2 | 22.7 |
| Total Non-Current Assets | 401.8 | 399.9 | 386.3 |
| Total Assets | 1,708.8 | 1,084.0 | 1,066.0 |
| Current Liabilities | |||
| Account Payables | 65.9 | 42.8 | 24.3 |
| Short-Term Debt | 0.6 | 232.3 | 8.3 |
| Deferred Revenue | 71.5 | 34.1 | 27.8 |
| Other Current Liabilities | 56.1 | 103.2 | 92.6 |
| Total Current Liabilities | 320.9 | 446.0 | 187.7 |
| Non-Current Liabilities | |||
| Long-Term Debt | 124.2 | 397.0 | 520.3 |
| Deferred Tax Liabilities | 1.0 | 7.7 | 7.0 |
| Other Non-Current Liabilities | 17.0 | 71.3 | 81.2 |
| Total Non-Current Liabilities | 179.8 | 519.9 | 654.1 |
| Total Liabilities | 500.7 | 965.9 | 846.9 |
| Stockholders' Equity | |||
| Common Stock | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (2,015.1) | (1,617.1) | (1,436.0) |
| Accumulated Other Comprehensive Income | (3.2) | (37.6) | (28.3) |
| Total Stockholders' Equity | 1,208.1 | 114.2 | 219.2 |
| Total Liabilities & Equity | 1,708.8 | 1,084.0 | 1,066.0 |
| Debt Metrics | |||
| Total Debt | 174.4 | 672.4 | 573.8 |
| Net Debt | (409.2) | 366.6 | 311.5 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | (398.0) | (181.1) | (331.6) |
| Depreciation & Amortization | 60.2 | 24.9 | 26.9 |
| Stock-Based Compensation | 182.1 | 77.4 | 75.9 |
| Change in Working Capital | (7.5) | (17.4) | (21.4) |
| Other Non-Cash Items | 208.1 | 123.2 | 163.0 |
| Operating Cash Flow | 33.7 | (50.4) | (166.4) |
| Investing Activities | |||
| Capital Expenditure | (18.9) | (1.0) | (0.6) |
| Acquisitions | 0 | (3.9) | (7.0) |
| Purchases of Investments | (156.3) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 |
| Other Investing Activities | (45.8) | 65.1 | (84.4) |
| Investing Cash Flow | (203.0) | 44.9 | (108.8) |
| Financing Activities | |||
| Net Debt Issuance | (334.0) | 48.9 | 205.7 |
| Stock Repurchased | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Other Financing Activities | 116.6 | (0.9) | (2.1) |
| Financing Cash Flow | 519.9 | 52.6 | 212.6 |
| Cash Position | |||
| Net Change in Cash | 357.5 | 43.4 | 262.4 |
| Cash at Beginning | 310.6 | 262.4 | 0 |
| Cash at End | 668.1 | 305.8 | 262.4 |
| Free Cash Flow | 14.8 | (51.4) | (166.9) |
| Key Metrics | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income Statement | |||
| Revenue | 702.3 | 536.8 | 402.3 |
| Gross Profit | 500.5 | 342.4 | 214.3 |
| Operating Income | (196.9) | (107.6) | (246.3) |
| Net Income | (398.0) | (181.1) | (331.6) |
| EPS (Diluted) | -4.07 | -0.73 | -1.34 |
| Balance Sheet | |||
| Cash & Equivalents | 583.5 | 305.8 | 262.4 |
| Total Assets | 1,708.8 | 1,084.0 | 1,066.0 |
| Total Debt | 174.4 | 672.4 | 573.8 |
| Stockholders' Equity | 1,208.1 | 114.2 | 219.2 |
| Cash Flow | |||
| Operating Cash Flow | 33.7 | (50.4) | (166.4) |
| Capital Expenditure | (18.9) | (1.0) | (0.6) |
| Free Cash Flow | 14.8 | (51.4) | (166.9) |