What is the market's earnings forecast for Navan next quarter?

What does Navan do and what are its main business segments?

What is the revenue and EPS growth rate for Navan year over year?

What is Navan's latest dividend and current dividend yield?

What were the key takeaways from Navan's earnings call?

What guidance did Navan's management provide for the next earnings period?

What factors drove the changes in Navan's revenue and profit?

What were the key takeaways from Navan’s earnings call?

- **Revenue Surge**: Q4 2026 revenue up 35% YoY to $178M, GBV +42% to $2.3B, fueled by AI-driven customer acquisition.
- **AI Differentiation**: Navan Edge targets $57B unmanaged market, with 70%+ expenses automated via AI agents. Free cash flow turned positive.
- **Financial Discipline**: Non-GAAP margin breakeven in Q4, FY2027 guidance for 24% revenue growth and $58M-$62M operating profit.
- **Strategic Moves**: Reed & Mackay migration to Navan platform for 15%+ savings, 70%+ customers using Navan payments/expense mgmt.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 2026 revenue grew 35% YoY to $178M, with GBV up 42% YoY to $2.3B, driven by AI-driven customer experience and market share gains.
- **Customer Satisfaction**: NPS of 47 (all-time high) and CSAT of 96 reflect superior traveler experience, with AI agents handling 70% of support requests.
- **AI Strategy**: Launched Navan Edge, targeting $57B unmanaged travel market, with early adoption from non-Navan users. Free cash flow turned positive in FY2026, one year ahead of plan.
- **Financial Milestone**: Reached breakeven non-GAAP operating margin in Q4, a 1,100bps improvement vs. FY2025.

**【CFO Financial Commentary】**
- **Q4 Results**: GAAP net loss of $36.2M (due to Reed & Mackay brand transition), but non-GAAP EPS of $1.08 beat expectations. Free cash flow positive for first time.
- **FY2027 Guidance**: Revenue $866M-$874M (24% growth), non-GAAP operating profit $58M-$62M. Q1 2027 revenue $204M-$206M (30% growth), with $4.5M-$5.5M operating profit.
- **Leverage**: Non-GAAP operating expenses down as % of revenue, despite R&D and go-to-market investments.

**【Q&A Highlights】**
- **Bookings Momentum**: New signed GBV up 50% YoY, driven by enterprise onboarding and AI value. 70%+ expenses automated via AI agents.
- **Reed & Mackay Transition**: 20% of FY2026 revenue, migrating to Navan platform for higher gross margins (15% savings vs legacy TMCs).
- **Expense Management**: 70%+ employee expenses tied to travel, with Navan handling reconciliation. Payments business grew 19% YoY.
- **Product Attach**: 70%+ customers use payments, 50%+ use expense mgmt. Meetings/events adoption accelerating post-BoomPop integration.
- **Risk Management**: Minimal impact from geopolitical events; business travel resilient (GBTA index +mid-single digits YoY).

Navan Inc (NAVN) Q4 2026 Earnings Call Transcript

- **Record Q3 Growth**: $195M revenue (+29% YoY), 74% gross margin (200bps YoY expansion), 13% operating margin. FY26 guidance: $685M-$687M revenue (+28%).
- **AI-Driven Efficiency**: Ava handles 54% customer interactions, driving 74% gross margin. Navan Edge AI-first platform set to launch in 2027.
- **Enterprise Wins**: Signed largest European deal, Visa, ENGIE. NPS 45 vs. industry 5, 97% satisfaction. 15% median savings vs. legacy.
- **Balance Sheet Strength**: $809M cash post-IPO. FY27 free cash flow positive. Payments expansion and Edge development key investments.
- **CFO Transition**: Amy Butte departing; Anne Giviskos interim CFO. Transition seen smooth with strong team retention.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 revenue reached $195 million, up 29% YoY, driven by enterprise wins (e.g., CAC40 European deal, Visa, ENGIE) and AI-driven efficiency. Gross margin hit 74%, a 200bps YoY expansion.
- **AI Differentiation**: Navan Cognition, the company's proprietary AI framework, powers Ava (54% customer support interactions) and Navan Edge (AI-first travel experience for frequent travelers). Q3 gross margin expansion reflects automation and scale.
- **Customer Satisfaction**: NPS of 45 vs. industry average of 5, with 97% customer satisfaction. Average booking time reduced to 7 minutes.
- **Future Focus**: 2027 priorities include payments expansion, AI innovation (Navan Edge), and maintaining growth-profitability balance. Free cash flow positive by FY27.

**【CFO Financial Commentary】**
- **Top Line**: Usage revenue +29%, subscription +26%. Gross booking volume ($2.62B) up 40% YoY. International revenue 37% of total.
- **Profitability**: Non-GAAP operating margin 13% (vs. 4.3% YoY). Free cash flow (-$11M) improved 30% YoY. FY26 guidance: $685M-$687M revenue (+28%), non-GAAP op income $21M-$22M.
- **Seasonality**: Q4 expected to be seasonally lower (15-16% revenue YoY vs. Q3's 29%). Gross margin may compress 300-400bps.
- **Balance Sheet**: $809M cash, $207M debt. IPO proceeds to fund payments expansion and Edge development.

**【Q&A Highlights】**
- **Enterprise Momentum**: 3 drivers—customer advocacy, industry consolidation, AI superiority. Recent wins include CAC40 European deal, Axel Springer, and health care F500.
- **Gross Margin Sustainability**: Ava deflects 54% support interactions. Q3 gross margin peak due to seasonal volume; FY26 gross margin 73% (year-to-date). FY27 focus on disciplined spending vs. 2026's 17% OpEx growth vs. 29% revenue growth.
- **Navan Edge**: Expected to launch in 2027, targeting non-managed travel market. Will use same booking fee model as core business. Early payments attach rate in enterprise (36% multi-product adoption) supports long-term yield stability.
- **CFO Transition**: Amy Butte departing January 9 after 1.5 years; Anne Giviskos interim CFO. Transition seen as orderly with strong finance team retention.
- **Competitive Landscape**: Legacy players' consolidation (e.g., CWT-SAP Concur) creates opportunities. Navan's AI-first, integrated platform (travel + expense) offers 15% savings vs. legacy solutions.

Actual	0.14	0.02
Forecast	-0.077	-0.2222
Surprise	+281.82%	+109.00%

Actual	194.93M	177.92M
Forecast	182.04M	162.23M
Surprise	+7.08%	+9.67%

NAVN

NAVN fundamentals

NAVN Q4 2026 Earnings

Earnings Call

You can ask Aime

NAVN

NAVN fundamentals

NAVN Q4 2026 Earnings

Earnings Call

NAVN Earnings Call Summary for Q4/2026Today4:30 PM on Mar 25, 2026

NAVN Earnings Call Summary for Q3/20264:30 PM on Dec 15, 2025

You can ask Aime