What is Navan, Inc. 's gross margin?

Navan, Inc. (NAVN) reported gross margin of 72.1% in Q1 2026.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Navan, Inc. NAVN Gross margin

Gross margin at other companies

RepligenRGEN

49.5%+2.7pp

MYR GroupMYRG

12.1%+3.2pp

GriffonGFF

42.6%+1.4pp

LKQLKQ

38.3%-0.7pp

CHE

ChemedCHE

32.4%-2.4pp

Power IntegrationsPOWI

53.9%-0.5pp

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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Operating margin-26%—

Net margin-46.7%—

FCF margin-41.5%—

Returns & leverage

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Debt / equity0.1×—

Current ratio4.3×—

Where this comes from

Calculated from Navan, Inc. ’s reported figures.

gross profit/total revenue=72.1%

Based on trailing twelve months.

The official record: Navan, Inc. ’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Navan, Inc. 's gross margin?: Navan, Inc. (NAVN) reported gross margin of 72.1% in Q1 2026.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.