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Navan, Inc. NAVN Subscription revenue — Revenue

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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$7.09B+40.8%
Enterprise value$6.61B+50.6%
P/S9.3×+1.6×

Profitability

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Gross margin72.1%
Operating margin-26%
Net margin-46.7%
FCF margin-41.5%

Returns & leverage

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Return on equity-1,572.6%
Debt / equity0.1×
Current ratio4.3×

Where this comes from

Reported directly by Navan, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Navan, Inc.’s 10-Q, filed June 11, 2026.

Filed
Jun 11, 2026, 4:50 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-042552
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025
Usage-based revenue$202,134$143,149
Subscription revenue18,09714,312
Total revenue$220,231$157,461

Item 1. Financial Statements (Unaudited)

FAQ

What is Navan, Inc.'s subscription revenue — revenue?
Navan, Inc. (NAVN) reported subscription revenue — revenue of $18.1M in Q1 2026.
How has Navan, Inc.'s subscription revenue — revenue changed year-over-year?
Navan, Inc.'s subscription revenue — revenue increased by 26.4% year-over-year, from $14.31M to $18.1M.
What does subscription revenue — revenue mean?
This metric represents the total recurring revenue generated from software-as-a-service (SaaS) subscriptions for the company's travel and expense management platform. It reflects the core predictable income stream derived from customers accessing the platform's AI-powered booking, policy enforcement, and reporting tools over a defined contract period. Growth in this segment indicates successful customer acquisition and expansion of the platform's recurring user base.

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