What is Navan, Inc. 's free cash flow margin?

Navan, Inc. (NAVN) reported free cash flow margin of -41.5% in Q4 2023.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Navan, Inc. NAVN Free cash flow margin

Free cash flow margin at other companies

Global Business Travel GroupGBTG

0.9%-6.0pp

Other financials

Income statement

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Revenue$220.2M+39.9%

Gross profit$163.1M+45.9%

Operating income-$18.1M-13.9%

Net income-$20.5M+66.5%

EPS (diluted)-$0.08+94.0%

Balance sheet

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Cash & equivalents$645.0M+70.1%

Total debt$172.5M—

Total equity$1.2B+204%

Total assets$1.7B—

Cash flow

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Operating cash flow-$6.8M-249%

CapEx$105.0K+16.7%

Free cash flow-$6.9M-255%

Valuation

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Market cap$5.57B—

Profitability

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Gross margin72.1%—

Operating margin-26%—

Net margin-46.7%—

Returns & leverage

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Debt / equity0.1×—

Current ratio4.3×—

Where this comes from

Calculated from Navan, Inc. ’s reported figures.

free cash flow/total revenue=-41.5%

Based on trailing twelve months.

The official record: Navan, Inc. ’s 10-K, filed April 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Navan, Inc. 's free cash flow margin?: Navan, Inc. (NAVN) reported free cash flow margin of -41.5% in Q4 2023.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.