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 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 220.2 | 177.9 | 194.9 | 172.0 | 157.5 | 132.0 | 151.1 | 132.8 | 120.9 | 98.4 | 110.3 | 99.4 | 94.2 |
| Cost of Revenue | 57.2 | 52.1 | 57.1 | 46.9 | 45.7 | 44.0 | 45.8 | 42.6 | 42.4 | 41.8 | 41.9 | 40.9 | 39.5 |
| Gross Profit | 163.1 | 125.8 | 137.9 | 125.0 | 111.8 | 88.0 | 105.3 | 90.2 | 78.6 | 56.6 | 68.4 | 58.5 | 54.7 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 39.4 | 35.3 | 51.2 | 33.4 | 31.4 | 31.6 | 33 | 29.0 | 28.8 | 32.0 | 32.7 | 34.4 | 33.4 |
| SG&A Expenses | 141.8 | 180.0 | 165.9 | 103.9 | 96.3 | 89.2 | 91.8 | 85.6 | 80.7 | 88.7 | 97.1 | 90.8 | 66.8 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 181.2 | 215.3 | 217.1 | 137.3 | 127.7 | 120.8 | 124.8 | 114.6 | 109.5 | 120.7 | 129.8 | 125.2 | 100.2 |
| Operating Income | |||||||||||||
| Operating Income | (18.1) | (89.5) | (79.2) | (12.3) | (15.9) | (32.8) | (19.5) | (24.4) | (31.0) | (64.2) | (61.4) | (66.7) | (45.5) |
| Interest Expense | 2.8 | 3.8 | 15.5 | 15.6 | 16.3 | 18.5 | 19.7 | 19.8 | 18.1 | 18.5 | 16.6 | 15.7 | 12.5 |
| Interest Income | 4.6 | 6.0 | 1.0 | 1.1 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||
| EBITDA | (11.2) | (36.2) | (200.5) | (13.1) | (34.5) | (26.8) | (15.7) | (19.8) | (28.0) | (64.5) | (73.4) | (64.2) | (54.4) |
| EBIT | (16.9) | (78.4) | (206.4) | (19.4) | (40.4) | (28.1) | (17.1) | (21.1) | (29.3) | (65.8) | (74.7) | (65.5) | (56.9) |
| Income Before Tax | (19.7) | (82.2) | (221.9) | (35.1) | (56.8) | (46.5) | (36.7) | (40.8) | (47.4) | (84.4) | (91.3) | (81.1) | (69.4) |
| Income Tax Expense | 0.8 | (9.4) | 3.5 | 3.6 | 4.5 | 0.1 | 5.2 | 2.1 | 2.2 | 1.5 | 1.6 | 1.7 | 0.7 |
| Net Income | (20.5) | (72.8) | (225.4) | (38.6) | (61.3) | (46.7) | (41.9) | (42.9) | (49.6) | (85.8) | (92.8) | (82.8) | (70.1) |
| Per Share Data | |||||||||||||
| EPS (Basic) | -0.08 | -0.29 | -4.58 | -0.16 | -0.25 | -0.19 | -0.17 | -0.17 | -0.20 | -0.35 | -0.37 | -0.33 | -0.28 |
| EPS (Diluted) | -0.08 | -0.29 | -4.58 | -0.16 | -0.25 | -0.19 | -0.17 | -0.17 | -0.20 | -0.35 | -0.37 | -0.33 | -0.28 |
| Shares Outstanding | 250.3 | 248.8 | 49.3 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 | 248.2 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 640.1 | 583.5 | 809.1 | 310.4 | 223.2 | 157.7 | 166.4 |
| Short-Term Investments | 162.2 | 157.0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 447.8 | 426.4 | 423.4 | 352.2 | 349.5 | 342.6 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 53.9 | 106.0 | 110.0 | 26.2 | 126.0 | 171.6 | (166.4) |
| Total Current Assets | 1,304.0 | 1,307.0 | 1,378.4 | 708.9 | 718.9 | 688.9 | 0 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 78.1 | 53.8 | 52.6 | 74.5 | 74.5 | 77.5 | 0 |
| Goodwill | 237.5 | 241.3 | 232.9 | 234.7 | 234.7 | 219.7 | 0 |
| Intangible Assets | 18.4 | 44.0 | 76.3 | 56.3 | 56.3 | 55.6 | 0 |
| Long-Term Investments | 5.0 | 0 | 0 | 5.1 | 0 | 0 | 0 |
| Other Non-Current Assets | 71.2 | 62.7 | 52.5 | 54.9 | 50.0 | 42.2 | 0 |
| Total Non-Current Assets | 410.2 | 401.8 | 414.3 | 425.4 | 415.5 | 395.1 | 0 |
| Total Assets | 1,714.2 | 1,708.8 | 1,792.7 | 1,134.4 | 1,134.4 | 1,084.0 | 0 |
| Current Liabilities | |||||||
| Account Payables | 62.9 | 65.9 | 62.3 | 48.2 | 48.2 | 42.8 | 0 |
| Short-Term Debt | 0.3 | 0.6 | 1.3 | 12.7 | 1.6 | 220.9 | 0 |
| Deferred Revenue | 68.9 | 71.5 | 57.6 | 39.6 | 0 | 48.4 | 0 |
| Other Current Liabilities | 111.2 | 56.1 | 50.6 | 114.6 | 114.9 | 108.4 | 0 |
| Total Current Liabilities | 305.0 | 320.9 | 307.1 | 249.2 | 249.2 | 446.0 | 0 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 124.2 | 124.2 | 205.3 | 658.2 | 658.2 | 397.0 | 0 |
| Deferred Tax Liabilities | 0 | 1.0 | 8.0 | 8.1 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 13.8 | 17.0 | 15.9 | 85.3 | 94.6 | 83.6 | (219.2) |
| Total Non-Current Liabilities | 172.5 | 179.8 | 266.7 | 792.5 | 792.5 | 523.7 | (219.2) |
| Total Liabilities | 477.6 | 500.7 | 573.8 | 1,041.7 | 1,041.7 | 969.7 | (219.2) |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (2,035.6) | (2,015.1) | (1,942.4) | (1,717.0) | (1,717.0) | (1,617.1) | 0 |
| Accumulated Other Comprehensive Income | (8.9) | (3.2) | (16.5) | (14.0) | (14.0) | (37.6) | (1,082.0) |
| Total Stockholders' Equity | 1,236.6 | 1,208.1 | 1,218.8 | 92.7 | 92.7 | 114.2 | 219.2 |
| Total Liabilities & Equity | 1,714.2 | 1,708.8 | 1,792.7 | 1,134.4 | 1,134.4 | 1,084.0 | 0 |
| Debt Metrics | |||||||
| Total Debt | 172.4 | 174.4 | 254.3 | 710.5 | 710.5 | 672.4 | 0 |
| Net Debt | (467.6) | (409.2) | (554.8) | 400.1 | 487.3 | 514.8 | (166.4) |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (20.5) | (72.8) | (225.4) | (38.6) | (61.3) | (46.7) | (41.9) | (46.3) | (46.3) |
| Depreciation & Amortization | 5.7 | 42.1 | 5.9 | 6.3 | 5.9 | 6.1 | 6.0 | 7.8 | 7.8 |
| Stock-Based Compensation | 37.3 | 47.0 | 99.2 | 18.6 | 17.3 | 17.5 | 24.6 | 17.5 | 17.5 |
| Change in Working Capital | (33.6) | 26.6 | (24.7) | (5.3) | (4.0) | 7.2 | (14.0) | (17.3) | (17.3) |
| Other Non-Cash Items | 5.1 | 3.8 | 138.8 | 18.9 | 46.6 | 6.4 | 13.1 | 23.8 | 23.8 |
| Operating Cash Flow | (6.8) | 35.0 | (6.1) | 0.2 | 4.6 | (8.9) | (12.4) | (14.5) | (14.5) |
| Investing Activities | |||||||||
| Capital Expenditure | (0.1) | (5.2) | (5.3) | (4.4) | (4.0) | (4.0) | (3.9) | (0.3) | (0.3) |
| Acquisitions | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | (1.9) | (1.9) |
| Purchases of Investments | (59.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 53.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (18.3) | (153.5) | (38.1) | (8.1) | (2.8) | 42.2 | (23.0) | 15.3 | 15.3 |
| Investing Cash Flow | (28.7) | (153.5) | (38.5) | (8.2) | (2.8) | 42.0 | (23.2) | 13.0 | 13.0 |
| Financing Activities | |||||||||
| Net Debt Issuance | (0.3) | (81.8) | (109.4) | (59.2) | (83.6) | (26.0) | 27.0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.4) | (29.2) | 26.3 | 3.8 | 144.0 | (3.7) | 1.5 | 25.7 | 25.7 |
| Financing Cash Flow | 14.0 | (110.7) | 624.0 | (55.4) | 62.0 | (25.1) | 26.3 | 25.7 | 25.7 |
| Cash Position | |||||||||
| Net Change in Cash | (23.1) | (227.2) | 579.7 | (63.6) | 68.5 | 4.7 | (9.4) | 315.3 | 0 |
| Cash at Beginning | 663.2 | 895.3 | 315.5 | 379.1 | 310.6 | 305.9 | 315.3 | 0 | 0 |
| Cash at End | 640.1 | 668.1 | 895.3 | 315.5 | 379.1 | 310.6 | 305.9 | 315.3 | 0 |
| Free Cash Flow | (6.9) | 29.7 | (11.4) | (4.1) | 0.5 | (12.9) | (16.3) | (14.8) | (14.8) |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 220.2 | 177.9 | 194.9 | 172.0 | 157.5 | 132.0 | 151.1 | 132.8 | 120.9 | 98.4 | 110.3 | 99.4 | 94.2 |
| Gross Profit | 163.1 | 125.8 | 137.9 | 125.0 | 111.8 | 88.0 | 105.3 | 90.2 | 78.6 | 56.6 | 68.4 | 58.5 | 54.7 |
| Operating Income | (18.1) | (89.5) | (79.2) | (12.3) | (15.9) | (32.8) | (19.5) | (24.4) | (31.0) | (64.2) | (61.4) | (66.7) | (45.5) |
| Net Income | (20.5) | (72.8) | (225.4) | (38.6) | (61.3) | (46.7) | (41.9) | (42.9) | (49.6) | (85.8) | (92.8) | (82.8) | (70.1) |
| EPS (Diluted) | -0.08 | -0.29 | -4.58 | -0.16 | -0.25 | -0.19 | -0.17 | -0.17 | -0.20 | -0.35 | -0.37 | -0.33 | -0.28 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 640.1 | 583.5 | 809.1 | 310.4 | 223.2 | 157.7 | 166.4 | ||||||
| Total Assets | 1,714.2 | 1,708.8 | 1,792.7 | 1,134.4 | 1,134.4 | 1,084.0 | 0 | ||||||
| Total Debt | 172.4 | 174.4 | 254.3 | 710.5 | 710.5 | 672.4 | 0 | ||||||
| Stockholders' Equity | 1,236.6 | 1,208.1 | 1,218.8 | 92.7 | 92.7 | 114.2 | 219.2 | ||||||
| Cash Flow | |||||||||||||
| Operating Cash Flow | (6.8) | 35.0 | (6.1) | 0.2 | 4.6 | (8.9) | (12.4) | (14.5) | (14.5) | ||||
| Capital Expenditure | (0.1) | (5.2) | (5.3) | (4.4) | (4.0) | (4.0) | (3.9) | (0.3) | (0.3) | ||||
| Free Cash Flow | (6.9) | 29.7 | (11.4) | (4.1) | 0.5 | (12.9) | (16.3) | (14.8) | (14.8) | ||||