Navan, Inc.

Listed Company

NAVNCIK 0001639723NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$702.26M

Net Income

$-398.03M

Total Assets

$1.71B

Equity

$1.21B

Shares Out

45.78M

Op. Cash Flow

$33.67M

Business

Navan, Inc. is a publicly listed company in Prepackaged Software, incorporated in Delaware. Common stock trades on Nasdaq under the ticker NAVN.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31
Revenue	702	537	402
Cost of revenue	202	170	163
Gross profit	500	367	240
Research and development	151	122	132
Sales and marketing	343	219	221
General and administrative	203	134	133
Total operating expenses	697	475	486
Loss from operations	−197	−108	−246
Interest expense	−51	−76	−63
Other income (expense), net	17	−73,000	10
Loss on extinguishment of debt	−118	0	0
Gain (loss) on fair value adjustments	−47	12	−27
Loss before income tax expense	−396	−172	−326
Income tax expense	2	10	5
Net loss	−398	−181	−332
Basic net loss per share (in dollars per share)	−4.07	−4	−7.44
Diluted net loss per share (in dollars per share)	−4.07	−4	−7.44
Weighted-average shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	98	45	45
Weighted-average shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	98	45	45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31
Cash and cash equivalents	584	158	166	—
Restricted cash, current	80	148	96	—
Short-term investments	157	0	—	—
Accounts receivable, net	216	185	—	—
Corporate card receivables, net	206	158	—	—
Contract acquisition costs, current	9	5	—	—
Prepaid expenses and other current assets	55	36	—	—
Total current assets	1,307	689	—	—
Restricted cash, non-current	5	5	5	—
Contract acquisition costs, non-current	29	16	—	—
Operating lease right-of-use assets	43	48	—	—
Property, equipment, and software, net	35	30	—	—
Intangible assets, net	19	56	—	—
Goodwill	241	220	221	—
Other non-current assets	29	21	—	—
Total assets	1,709	1,084	—	—
Accounts payable	66	43	—	—
Accrued expenses and other current liabilities	197	137	—	—
Notes payable, current	584,000	176	—	—
Trade loan facility	0	45	—	—
Operating lease liabilities, current	12	11	—	—
Deferred revenue, current	45	34	—	—
Total current liabilities	321	446	—	—
Operating lease liabilities, non-current	38	43	—	—
Convertible notes	0	182	—	—
Embedded derivative liability	0	60	—	—
Notes payable, non-current	37,000	394,000	—	—
Deferred revenue, non-current	0	813,000	—	—
Other non-current liabilities	18	23	—	—
Total liabilities	501	970	—	—
Commitments and contingencies (Note 13)	—	—	—	—
Redeemable convertible preferred stock, par value $0.00000625: No shares authorized, issued, and outstanding as of January 31, 2026. 157,027,585 shares authorized, 146,360,207 shares issued and outstanding as of January 31, 2025 (aggregate liquidation preference of $1,301,402)	0	1,301	1,301	1,301
Preferred stock, par value $0.00000625 per share: 20,000,000 shares authorized, no shares issued and outstanding as of January 31, 2026. No shares authorized, issued, and outstanding as of January 31, 2025	0	0	—	—
Additional paid-in capital	3,226	468	—	—
Accumulated deficit	−2,015	−1,617	—	—
Accumulated other comprehensive loss	−3	−38	—	—
Total stockholders equity (deficit)	1,208	−1,187	−1,082	−841
Total liabilities, redeemable convertible preferred stock and stockholders equity (deficit)	1,709	1,084	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31
Stock-based compensation, net of amounts capitalized	182	77	76
Non-cash interest expense	26	46	45
Deferred income taxes	−11	1,000	−3
Depreciation and amortization	60	25	27
Amortization of contract acquisition costs	6	6	7
Provision for doubtful accounts	9	6	9
Debt issuance costs expensed related to SAFEs	3	0	0
Other	−900,000	365,000	159,000
Accounts receivable	−26	−25	−21
Prepaid expenses and other current assets	−18	−1	2
Contract acquisition costs	−24	−24	0
Other non-current assets	20,000	−1	−7
Accounts payable	3	17	−10
Accrued expenses and other current liabilities	46	7	33
Deferred revenue	10	7	9
Operating lease right-of-use asset and operating lease liabilities, net	−383,000	2	173,000
Other non-current liabilities	2	771,000	−28
Net cash provided by (used in) operating activities	34	−50	−166
Capitalized software development costs	−18	−15	−17
Purchases of property and equipment	−917,000	−994,000	−561,000
Purchases of investments	−156	0	0
(Increase) decrease in corporate card receivables	−27	65	−84
Cash consideration for business acquisition, net of cash acquired	0	−4	−7
Other	−354,000	0	0
Net cash (used in) provided by investing activities	−203	45	−109
Proceeds from stock option exercises	24	5	9
Proceeds from borrowings of debt	216	86	206
Proceeds from issuance of SAFEs	155	0	0
Payments of borrowings of debt	−551	−36	−725,000
Payments for debt issuance costs	−11	−2	0
Payments of deferred offering costs	−9	0	0
Payment of deferred consideration in business combinations	−712,000	−903,000	−2
Proceeds from issuance of common stock in IPO, net of underwriting costs	713	0	0
Taxes collected from selling shareholders stock option exercises	16	0	0
Taxes remitted for selling shareholders stock option exercises	−16	0	0
Payment of tax withholdings on settlement of RSUs	−18	0	0
Proceeds from exercise of warrants	110,000	0	0
Net cash provided by financing activities	520	53	213
Effect of exchange rate changes on cash, cash equivalents and restricted cash	7	−4	−414,000
Net increase (decrease) in cash, cash equivalents and restricted cash	357	43	−63
Cash paid for interest	26	30	19
Cash paid for income taxes	17	9	6
Vesting of early exercised stock options	918,000	2	312,000
Capitalized stock-based compensation for internal-use software development costs	5	2	1
Deferred offering costs not yet paid	495,000	0	0
Conversion of redeemable convertible preferred stock to common stock	1,301	0	0
Conversion of SAFEs to equity upon IPO	196	0	0
Reclassification of preferred stock warrants & SAFE warrants to equity upon IPO	31	0	0
Conversion of convertible notes to equity upon IPO	321	0	0

Filings

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