NASDAQ : NAVN
Navan, Inc. — Financial statements
Technology · Software - Application · United States
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Financial statements
Navan, Inc. (NAVN) reported revenue of 825.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Revenue | 825.87M | 702.26M | 536.84M | 402.26M |
| Cost of Revenue | 226.34M | 201.77M | 169.81M | 162.62M |
| Gross Profit | 599.53M | 500.50M | 367.02M | 239.63M |
| Selling, General & Admin | 630.73M | 537.98M | 352.27M | 353.53M |
| Research & Development | 173.09M | 151.24M | 122.39M | 132.44M |
| Operating Expenses | 803.81M | 689.22M | 474.66M | 485.98M |
| Operating Income | -204.28M | -188.72M | -107.64M | -246.34M |
| Interest Expense | -25.05M | -54.21M | -76.00M | -63.28M |
| Interest & Investment Income | 16.61M | 9.24M | 5.62M | 4.52M |
| Currency Exchange Gain (Loss) | -2.29M | 11.64M | -4.70M | -789.00K |
| Other Non Operating Income (Expenses) | -29.48M | -47.73M | 11.21M | -20.23M |
| EBT Excluding Unusual Items | -244.50M | -269.79M | -171.51M | -326.12M |
| Merger & Restructuring Charges | -1.84M | -1.50M | ||
| Other Unusual Items | -105.91M | -124.64M | ||
| Pretax Income | -350.07M | -395.92M | -171.51M | -326.12M |
| Income Tax Expense | -2.30M | 2.11M | 9.57M | 5.43M |
| Net Income | -347.77M | -398.03M | -181.08M | -331.55M |
| Net Income to Common | -347.77M | -398.03M | -181.08M | -331.55M |
| Shares Outstanding (Basic) | 201.31M | 97.80M | 45.27M | 44.58M |
| Shares Outstanding (Diluted) | 201.31M | 97.80M | 45.27M | 44.58M |
| EPS (Basic) | -1.73 | -4.07 | -4.00 | -7.44 |
| EPS (Diluted) | -1.73 | -4.07 | -4.00 | -7.44 |
| Free Cash Flow | 45.52M | 32.75M | -51.40M | -166.92M |
| Free Cash Flow Per Share | 0.23 | 0.34 | -1.14 | -3.74 |
| Gross Margin | 72.59% | 71.27% | 68.37% | 59.57% |
| Operating Margin | -24.73% | -26.87% | -20.05% | -61.24% |
| Profit Margin | -42.11% | -56.68% | -33.73% | -82.42% |
| Free Cash Flow Margin | 5.51% | 4.66% | -9.57% | -41.50% |
| EBITDA | -161.02M | -143.37M | -97.65M | -233.28M |
| EBITDA Margin | -19.50% | -20.42% | -18.19% | -57.99% |
| D&A For EBITDA | 43.26M | 45.35M | 9.99M | 13.06M |
| EBIT | -204.28M | -188.72M | -107.64M | -246.34M |
| EBIT Margin | -24.73% | -26.87% | -20.05% | -61.24% |
| Advertising Expenses | 35.00M | 22.30M | 12.40M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Cash & Equivalents | 653.01M | 583.52M | 157.67M | 166.42M |
| Short-Term Investments | 167.03M | 156.99M | ||
| Cash & Short-Term Investments | 820.04M | 740.51M | 157.67M | 166.42M |
| Accounts Receivable | 425.41M | 422.12M | 342.61M | 382.63M |
| Other Receivables | 1.00M | 4.27M | 3.20M | |
| Receivables | 426.41M | 426.39M | 345.81M | 382.63M |
| Prepaid Expenses | 54.45M | 20.88M | 16.96M | 34.66M |
| Restricted Cash | 89.84M | 79.65M | 148.16M | 95.96M |
| Other Current Assets | 13.87M | 39.56M | 20.25M | 2.88M |
| Total Current Assets | 1.40B | 1.31B | 688.85M | 682.56M |
| Property, Plant & Equipment | 77.42M | 78.46M | 77.54M | 77.06M |
| Goodwill | 236.79M | 241.31M | 219.73M | 220.54M |
| Other Intangible Assets | 17.68M | 19.27M | 55.63M | 61.01M |
| Long-Term Deferred Charges | 41.85M | 29.18M | 16.18M | 47.00K |
| Other Long-Term Assets | 32.70M | 33.56M | 26.01M | 24.79M |
| Total Assets | 1.81B | 1.71B | 1.08B | 1.07B |
| Accounts Payable | 56.79M | 65.94M | 42.83M | 24.32M |
| Accrued Expenses | 101.75M | 86.30M | 62.45M | 79.20M |
| Short-Term Debt | 45.00M | |||
| Current Portion of Long-Term Debt | 867.00K | 584.00K | 175.91M | 2.59M |
| Current Portion of Leases | 13.43M | 11.97M | 11.39M | 5.73M |
| Current Income Taxes Payable | 990.00K | 4.64M | 2.80M | |
| Current Unearned Revenue | 45.74M | 45.19M | 34.10M | 27.79M |
| Other Current Liabilities | 102.46M | 109.96M | 69.70M | 45.24M |
| Total Current Liabilities | 321.03M | 320.94M | 446.03M | 187.68M |
| Long-Term Debt | 124.17M | 124.21M | 397.03M | 520.26M |
| Long-Term Leases | 31.75M | 37.59M | 43.10M | 45.26M |
| Long-Term Unearned Revenue | 4.21M | 813.00K | 330.00K | |
| Long-Term Deferred Tax Liabilities | 1.01M | 7.66M | 7.03M | |
| Other Long-Term Liabilities | 14.24M | 16.96M | 75.11M | 86.31M |
| Total Liabilities | 495.41M | 500.70M | 969.73M | 846.87M |
| Common Stock | 2.00K | 2.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 3.39B | 3.23B | 467.83M | 382.36M |
| Retained Earnings | -2.06B | -2.02B | -1.62B | -1.44B |
| Comprehensive Income & Other | -10.33M | -3.23M | -37.62M | -28.29M |
| Total Common Equity | 1.32B | 1.21B | -1.19B | -1.08B |
| Shareholders' Equity | 1.32B | 1.21B | 114.22M | 219.15M |
| Total Liabilities & Equity | 1.81B | 1.71B | 1.08B | 1.07B |
| Total Debt | 170.22M | 174.35M | 672.43M | 573.85M |
| Net Cash (Debt) | 649.83M | 566.15M | -514.75M | -407.43M |
| Net Cash Per Share | 3.23 | 5.79 | -11.37 | -9.14 |
| Filing Date Shares Outstanding | 260.41M | 250.76M | 45.78M | 44.58M |
| Total Common Shares Outstanding | 259.90M | 249.17M | 45.78M | 44.58M |
| Working Capital | 1.08B | 986.05M | 242.83M | 494.88M |
| Book Value Per Share | 5.06 | 4.85 | -25.92 | -24.27 |
| Tangible Book Value | 1.06B | 947.48M | -1.46B | -1.36B |
| Tangible Book Value Per Share | 4.08 | 3.80 | -31.94 | -30.58 |
| Machinery | 7.72M | 9.84M | 10.91M | |
| Construction In Progress | 3.61M | 6.80M | 2.96M | |
| Leasehold Improvements | 2.56M | 2.69M | 2.78M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Net Income | -347.77M | -398.03M | -181.08M | -331.55M |
| Depreciation & Amortization | 43.26M | 45.35M | 9.99M | 13.06M |
| Other Amortization | 25.21M | 24.11M | 20.55M | 20.83M |
| Stock-Based Compensation | 225.35M | 182.09M | 76.98M | 75.85M |
| Provision & Write-off of Bad Debts | 10.60M | 9.08M | 5.91M | 8.69M |
| Other Operating Activities | 122.72M | 178.54M | 34.62M | 68.18M |
| Change in Accounts Receivable | -28.09M | -26.03M | -24.61M | -21.15M |
| Change in Accounts Payable | -4.71M | 3.08M | 17.09M | -9.63M |
| Change in Unearned Revenue | 7.04M | 9.99M | 6.58M | 8.79M |
| Change in Other Net Operating Assets | -4.17M | 5.49M | -16.43M | 564.00K |
| Operating Cash Flow | 47.27M | 33.67M | -50.41M | -166.36M |
| Capital Expenditures | -1.76M | -917.00K | -994.00K | -561.00K |
| Cash Acquisitions | -3.88M | -7.03M | ||
| Sale (Purchase) of Intangibles | -19.84M | -17.99M | -15.31M | -16.74M |
| Investment in Securities | -166.98M | -156.29M | ||
| Other Investing Activities | -30.14M | -27.84M | 65.05M | -84.45M |
| Investing Cash Flow | -216.08M | -203.03M | 44.87M | -108.78M |
| Long-Term Debt Issued | 216.48M | 86.19M | 206.42M | |
| Long-Term Debt Repaid | -550.51M | -35.76M | -725.00K | |
| Net Debt Issued (Repaid) | -190.97M | -334.03M | 50.43M | 205.69M |
| Issuance of Common Stock | 824.41M | 752.86M | 4.54M | 9.06M |
| Repurchase of Common Stock | -33.69M | -33.26M | ||
| Other Financing Activities | 1.80M | 134.34M | -2.42M | -2.13M |
| Financing Cash Flow | 601.55M | 519.92M | 52.55M | 212.62M |
| Foreign Exchange Rate Adjustments | 171.00K | 6.92M | -3.81M | -414.00K |
| Net Cash Flow | 432.92M | 357.48M | 43.21M | -62.94M |
| Free Cash Flow | 45.52M | 32.75M | -51.40M | -166.92M |
| Free Cash Flow Margin | 5.51% | 4.66% | -9.57% | -41.50% |
| Free Cash Flow Per Share | 0.23 | 0.34 | -1.14 | -3.74 |
| Levered Free Cash Flow | 114.02M | 142.73M | -3.83M | |
| Unlevered Free Cash Flow | 129.68M | 173.70M | 43.67M | |
| Cash Interest Paid | 16.02M | 25.57M | 29.55M | 18.63M |
| Cash Income Tax Paid | 13.49M | 17.19M | 8.54M | 6.37M |
| Change in Working Capital | -29.93M | -7.47M | -17.37M | -21.43M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | |
|---|---|---|---|---|
| Market Capitalization | 6.80B | 2.85B | ||
| Enterprise Value | 6.15B | 2.30B | ||
| Last Close Price | 26.10 | 11.48 | ||
| PS Ratio | 8.23 | 4.07 | ||
| PB Ratio | 5.16 | 2.36 | ||
| P/TBV Ratio | 6.40 | 3.01 | ||
| P/FCF Ratio | 149.32 | 87.15 | ||
| P/OCF Ratio | 143.77 | 84.77 | ||
| EV/Sales Ratio | 7.44 | 3.27 | ||
| EV/FCF Ratio | 135.04 | 70.21 | ||
| Debt / Equity Ratio | 0.13 | 0.14 | 5.89 | 2.62 |
| Debt / FCF Ratio | 3.74 | 5.32 | ||
| Net Debt / Equity Ratio | -0.49 | -0.47 | 4.51 | 1.86 |
| Net Debt / EBITDA Ratio | 4.04 | 3.95 | -5.27 | -1.75 |
| Net Debt / FCF Ratio | -14.28 | -17.29 | -10.02 | -2.44 |
| Asset Turnover | 0.56 | 0.50 | 0.50 | |
| Quick Ratio | 3.88 | 3.64 | 1.13 | 2.92 |
| Current Ratio | 4.38 | 4.07 | 1.54 | 3.64 |
| Return on Equity (ROE) | -49.39% | -60.20% | -108.63% | |
| Return on Assets (ROA) | -8.67% | -8.45% | -6.26% | |
| Return on Capital Employed (ROCE) | -13.70% | -13.60% | -16.90% | -28.00% |
| Earnings Yield | -6.62% | -13.94% | ||
| FCF Yield | 0.67% | 1.15% | ||
| Buyback Yield / Dilution | -338.87% | -116.02% | -1.54% |