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Navan, Inc. NAVN Conversion of redeemable convertible preferred stock to common stock

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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 navn:ConversionOfRedeemableConvertiblePreferredStockToCommonStock.

The source filing: Navan, Inc.’s 10-K, filed April 2, 2026. Open the filing →

Filed
Apr 2, 2026, 4:38 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-023250

FAQ

What is Navan, Inc.'s conversion of redeemable convertible preferred stock to common stock?
Navan, Inc. (NAVN) reported conversion of redeemable convertible preferred stock to common stock of $325.28M in Q4 2025.
What does conversion of redeemable convertible preferred stock to common stock mean?
Reflects the non-cash reclassification of redeemable convertible preferred stock into common equity, typically occurring during a liquidity event or IPO. This metric indicates the simplification of the company's capital structure and the elimination of redemption rights. It is a key indicator of the transition from private venture-backed status to a public company structure.

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