NAVAN INC Stock Price, News & Analysis

Navan (NASDAQ: NAVN) reported third quarter fiscal 2026 results for the quarter ended October 31, 2025. Revenue was $195 million, up 29% YoY. GBV grew 40% YoY to $2.6 billion and payment volume rose 12% to $1.1 billion. GAAP net loss was ($225 million) while non-GAAP net income was $9 million; non-GAAP operating margin was 13%. Customer satisfaction reached CSAT 97% and NPS 45. CFO Amy Butte will depart effective January 9, 2026; Anne Giviskos becomes interim CFO. Q4 revenue guidance: $161–$163M; FY2026 revenue guidance: $685–$687M.

Navan (NASDAQ: NAVN) announced that Axel Springer has selected Navan as its new global travel management platform, replacing prior systems across the transatlantic media company.

Axel Springer employees will gain access to Navan’s travel booking tools, and selected business units will adopt Navan’s Expense and Payment systems. Navan highlights AI-driven policy compliance, broader travel inventory, and a target of at least 90% online adoption of its mobile and desktop app to increase self-service bookings and deliver greater spending transparency to finance teams.

The agreement positions Axel Springer alongside enterprise customers such as Celonis, Unilever, Heineken, and others using Navan’s all-in-one travel and expense platform.

Navan (NASDAQ: NAVN) launched an upgraded multi-city booking experience on December 10, 2025, designed to simplify complex multi-leg business trips by matching the ease of round-trip booking.

The rebuilt multi-city engine integrates modern content like NDC, delivers fare transparency, supports mixed-cabin itineraries, and enables multi-ticket checkout that preserves remaining legs if one leg fails to ticket. The feature is available now to all Navan business travel customers globally.

Navan (NASDAQ: NAVN) released its 2026 State of Corporate Travel and Expense Report, reporting rising corporate travel and clear demand for modern T&E tools.

Key findings: 90% of business travelers view travel as essential (up 8 percentage points from 2025); 80% sometimes book off-platform; 77% of managers say expense tools fall short and 77% now favor all-in-one T&E solutions (up from 66% in 2024); 76% trust AI for straightforward T&E tasks (vs 59% in 2024); and 88% of managers confirm NDC yields savings and better options. The survey covered ~1,800 travelers, travel managers, and finance managers across the US, France, Germany, and the UK in August 2025.

Navan (NASDAQ: NAVN) will report third quarter fiscal 2026 financial results after U.S. markets close on Monday, December 15, 2025. The company will host a conference call at 4:30 p.m. Eastern Time the same day to discuss results, business operations, and outlook.

Investors may pre-register for telephone participation to receive a dial-in number and unique passcode. A live webcast will be available and an archived replay will be posted on Navan's investor site at investors.navan.com.

Navan (NASDAQ: NAVN) was selected by Frasers Group on November 24, 2025 as its global travel and expense management partner to centralise bookings, payments, and expense reconciliation.

Navan’s unified platform delivers real-time visibility, automated policy compliance, and embedded cost controls. Key disclosed metrics include targeting 95%+ online adoption, a 40+ NPS and 95%+ CSAT, projected savings including up to 8% annual airfare savings via NDC and low-cost carrier access, and platform data showing 70% of bookings come from the first five options.

Navan (NASDAQ: NAVN) commissioned a Forrester Total Economic Impact™ study that found a 376% ROI over three years and a payback period under six months for a modeled enterprise using Navan’s travel, payments, and expense platform.

Key quantified findings include $9.1 million in three‑year benefits, 16% annual travel cost savings, bookings in under 5 minutes, and 70% of bookings coming from the first five options. The study is based on customer interviews and a composite model with a $20 million annual travel budget; results may vary and are not guaranteed.

Navan (NASDAQ: NAVN) released its Q3 2025 Navan Business Travel Index showing 20% YoY growth in business travel activity (July 1–Sept 30, 2025) versus 0.6% YoY in TSA data.

Key highlights: spend growth outpaced volume growth, the international spend‑volume gap widened from 7% to 12% YoY, Government & Public Sector travel was up 28% YoY, Financial Services and Media & Entertainment were up 24% YoY each. In‑destination transportation rose—Taxi & Rideshare +20%, Public Transport/Tolls/Parking +20%, Black Cars +13%. Entertaining Clients declined 0.8% YoY while per‑transaction spend in that category rose 9% YoY.

Navan (NASDAQ: NAVN) closed its initial public offering on October 31, 2025, selling a total of 36,924,406 shares of Class A common stock at a public offering price of $25.00 per share.

The offering comprised 30,000,000 shares sold by Navan and 6,924,406 shares sold by existing stockholders; Navan did not receive proceeds from the shares sold by the selling stockholders. Underwriters were granted a 30-day option to purchase up to 5,538,660 additional shares at the IPO price, less discounts and commissions. Shares began trading on the Nasdaq Global Select Market under the symbol NAVN on October 30, 2025. Lead book-runners included Goldman Sachs and Citigroup.