Navan, Inc. (NAVN) AI Stock Analysis

Navan, Inc. operates an AI-powered software platform designed to simplify the corporate travel and expense experience for users, customers, and suppliers. The platform provides solutions for travel booking, policy enforcement, payment processing, expense reconciliation, and reporting. It targets finance, human resources, travel managers, inventory, and other markets. Navan also maintains a partnership with OpenTable Partner for AI-powered business travel planning. Formerly known as TripActions, Inc., the company rebranded to Navan, Inc. in February 2023, was incorporated in 2015, and is headquartered in Palo Alto, California.

Navan generated $702.3M in revenue for FY2026, marking 30.8% annual growth following a 33.5% increase to $536.8M in FY2025. Gross margin expanded steadily from 53.3% in FY2024 to 63.8% in FY2025 and reached 71.3% in FY2026. However, operating margin sat at -28.0% in FY2026, while net losses expanded to -$398.0M, resulting in an EPS of -$2.17. For the trailing twelve months ended July 31, 2026, revenue stood at $825.9M with quarterly revenue growth of 35.4% year-over-year. Operating margin for the trailing period was -11.7%, alongside an EPS of -$1.92.

As of July 31, 2026, Navan held $909.9M in cash and short-term investments against $170.2M in total debt, yielding a net cash position of $739.7M. The company maintains solid liquidity with a current ratio of 4.33 and a debt-to-equity ratio of 0.13. Cash generation improved in FY2026, producing $33.7M in operating cash flow and $14.8M in free cash flow after funding capital expenditures of $18.9M. Shareholders' equity totaled $1.32B alongside $1.81B in total assets.

Navan trades at an enterprise value of $4.81B and a market capitalization of $6.61B. Its valuation multiples stand at a forward P/E of 93.5x, a price-to-sales of 8.0x, and an EV-to-revenue ratio of 5.8x. These multiples reflect a valuation premium compared to the median of its US-listed Technology peers, which trade at a forward P/E of 18.8x and a price-to-sales ratio of 2.8x. The stock has delivered a year-to-date return of 48.6% and currently trades 33.6% above its 200-day average, outperforming the S&P 500 (SPY) 1-year return of 16.8%.

Wall Street sentiment is favorable, with 11 Strong Buy and 4 Buy recommendations, and no Hold or Sell ratings. The mean price target of $30.80 suggests a 21.4% upside compared to the last close of $25.38. Over the last four quarters, the company recorded 3 EPS beats. For the fiscal year ending January 31, 2027, consensus estimates project revenue of $931.1M and an EPS of $0.26. For the following fiscal year, 12 analysts project revenue reaching $1.16B with EPS increasing 52.6% to $0.40.

This page is an AI-written research summary of Navan, Inc. (NAVN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NAVN income statement, NAVN balance sheet, NAVN key metrics, NAVN analyst forecast, NAVN chart. See the NAVN stock overview for the latest quote and news.