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Navan, Inc. NAVN Usage-based 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 usage-based revenue — revenue?
Navan, Inc. (NAVN) reported usage-based revenue — revenue of $202.13M in Q1 2026.
How has Navan, Inc.'s usage-based revenue — revenue changed year-over-year?
Navan, Inc.'s usage-based revenue — revenue increased by 41.2% year-over-year, from $143.15M to $202.13M.
What does usage-based revenue — revenue mean?
This metric represents the total revenue generated from the company's platform based on the volume of customer activity, such as travel bookings, payment transactions, or expense processing events. It serves as a primary indicator of product adoption and the scalability of the company's core software-as-a-service and transaction-based business model. Growth in this segment reflects the company's ability to capture value directly from the frequency and scale of user interactions within its travel and expense ecosystem.

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