NAVNNavan, Inc.
Navan, Inc. (NAVN) sells AI-powered travel and expense management software for enterprises, targeting efficiency and cost reduction in corporate travel. The next catalyst is Nov 16, 2026 — Key Milestone in Class Action Litigation, which will test the company’s ability to resolve ongoing legal challenges. (No matching headline found.)
- Revenue grew 30.8% YoY to $819.91M, but net income remains negative at -$295.52M.
- Free cash flow (TTM) is $13.15M, with a net margin of -36.0%.
- Debt-to-equity ratio is 0.10x, and shareholders’ equity stands at $1.21B.
The Read
NAVN stock historically surged over 50% on earnings reports tied to AI product launches and enterprise wins but sold off when earnings met expectations without forward guidance, with a median move of ~51%.
The schedule
- Mon16Nov
The milestone will test the potential resolution or progression of the class action litigation, which could impact the company's financial flexibility and investor sentiment.
- Thu1Apr
The report will test the ability to sustain the guidance reset and show improved cash flow conversion, differentiating from the last print where the mix was the key factor.
- Thu1Jul
The report will test the ability to sustain the guidance reset and show improved cash flow conversion, differentiating from the last print where the mix was the key factor.
- Thu30Sep
- Thu30Dec
Past
- Tue6Oct
Actual outcome: Bull · $23.90 at outcome
The stock rallied 12.0% following the event, driven by strong reception of the AI product roadmap and integration plans, which signaled long-term growth potential. Positive sentiment around the strategic direction and innovation reinforced investor confidence, moving the price above the bull target despite a slight earnings miss. The focus on AI and expense management tools aligned with market expectations, pushing the stock higher.
Key product showcase outlining the integration of AI features and next-generation expense management tools.
- Thu1Oct
Actual outcome: Bear · $21.82 at outcome
The stock closed at $21.82, below the bear floor of $22.50, despite matching earnings estimates. The lack of positive guidance and weak forward-looking commentary overshadowed the neutral earnings report, leading to a sell-off. The price action suggests investor skepticism about the company's ability to sustain growth, moving away from the bull case expectations.
Q3 2026 earnings announcement, testing whether the recent +39.8% top-line momentum can sustain the stock's premium valuation.
- Thu2Jul
Actual outcome: Bull · $25.63 at outcome
Navan reported in-line EPS of -$0.16 alongside the launch of its Model Context Protocol (MCP) for Travel & Expense Management. The stock significantly exceeded the bull target, closing at $25.67, as investors rewarded the new AI product launch and a string of recent major enterprise customer wins including Cummins and Enbridge.
- Wed1Jul
Actual outcome: Bull · $24.83 at outcome
Navan met Q2 EPS expectations at -$0.16, but the stock rallied well past the bull target due to a flurry of positive business developments. The launch of its Model Context Protocol (MCP) and a new Unified Events Platform, alongside major enterprise customer wins like Cummins and Enbridge, reinforced investor confidence in the company's AI-driven product expansion and sustained growth trajectory.
Q2 FY26 earnings on 2026-06-18 will be the market’s first check on whether Navan can sustain the 30%+ growth and improving profitability it showed in the last quarter while continuing to invest in AI-driven travel and expense automation. A clean beat-and-raise with continued margin progress could push NAVN toward $16.00, while a deceleration in growth or a step back in operating leverage would likely drive the stock down toward $16.00 as investors reassess the premium multiple.
- Tue17Mar
Actual outcome: Bear · $8.51 at outcome
NAVN reported Q1 FY26 EPS of -$0.16, coming in exactly in line with consensus estimates. However, the lack of an earnings beat or stronger forward guidance failed to inspire investor confidence. As a result, the stock sold off 7.5% following the report, breaking well below the $9.20 bear floor.
NAVN reported Q1 FY26 EPS of -$0.16, coming in exactly in line with consensus estimates. However, the lack of an earnings beat or stronger forward guidance failed to inspire investor confidence. As a result, the stock sold off 7.5% following the report, breaking well below the $9.20 bear floor.
