Navan, Inc. (NAVN) Income Statement
NAVN FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsNAVN revenue and net income
Where NAVN's revenue goes
FY2026Each bar shows an amount and its share of revenue. NAVN kept −56.7% of revenue as net income.
NAVN profit margins
NAVN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +30.8% | — | — | — |
| Gross profit | +46.2% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NAVN quarterly EPS vs estimates
Navan beat the analyst EPS estimate in 4 of the last 5 quarters.
NAVN income statement
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | $702.3M | $536.8M | $402.3M |
| Cost of revenue | $201.8M | $194.4M | $188.0M |
| Gross profit | $500.5M | $342.4M | $214.3M |
| Research & development | $151.2M | $102.8M | $111.9M |
| Sales, general & admin | $546.1M | — | — |
| Total operating expenses | $697.3M | $450.1M | $460.6M |
| Operating income | −$196.9M | −$107.6M | −$246.3M |
| Interest income | $9.2M | $5.6M | $4.5M |
| Interest expense | $51.3M | $76.0M | $63.3M |
| Income before taxes | −$395.9M | −$171.5M | −$326.1M |
| Income taxes | $2.1M | $9.6M | $5.4M |
| Net income | −$398.0M | −$181.1M | −$331.6M |
| EBITDA | −$284.4M | −$70.6M | −$236.0M |
| EPS (diluted) | −$2.17 | −$0.73 | −$1.34 |
| Gross margin | 71.3% | 63.8% | 53.3% |
| Operating margin | −28.0% | −20.1% | −61.2% |
| Net margin | −56.7% | −33.7% | −82.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $232.8M | $220.2M | $177.9M | $194.9M | $172.0M | $157.5M | $132.0M | $151.1M | $132.8M | $120.9M | $98.4M | $110.3M |
| Cost of revenue | $60.3M | $57.2M | $52.1M | $57.1M | $46.9M | $45.7M | $44.0M | $45.8M | $42.6M | $42.4M | $41.8M | $41.9M |
| Gross profit | $172.5M | $163.1M | $125.8M | $137.9M | $125.0M | $111.8M | $88.0M | $105.3M | $90.2M | $78.6M | $56.6M | $68.4M |
| Research & development | $47.2M | $39.4M | $35.3M | $51.2M | $33.4M | $31.4M | $31.6M | $33.0M | $29.0M | $28.8M | $32.0M | $32.7M |
| Sales, general & admin | $153.0M | $141.8M | $180.0M | $165.9M | $103.9M | $96.3M | $90.5M | $93.1M | — | — | — | — |
| Total operating expenses | $200.2M | $181.2M | $215.3M | $217.1M | $137.3M | $127.7M | $120.8M | $124.8M | $114.6M | $109.5M | $120.7M | $129.8M |
| Operating income | −$27.7M | −$18.1M | −$89.5M | −$79.2M | −$12.3M | −$15.9M | −$32.8M | −$19.5M | −$24.4M | −$31.0M | −$64.2M | −$61.4M |
| Interest income | $4.9M | $4.6M | $6.0M | $1.0M | $1.1M | $1.1M | — | $1.7M | — | — | — | — |
| Interest expense | $2.9M | $2.8M | $3.8M | $15.5M | $15.6M | $16.3M | $18.5M | $19.7M | $19.8M | $18.1M | $18.5M | $16.6M |
| Income before taxes | −$26.3M | −$19.7M | −$82.2M | −$221.9M | −$35.1M | −$56.8M | −$46.5M | −$36.7M | −$40.8M | −$47.4M | −$84.4M | −$91.3M |
| Income taxes | $2.8M | $802,000 | −$9.4M | $3.5M | $3.6M | $4.5M | $105,000 | $5.2M | $2.1M | $2.2M | $1.5M | $1.6M |
| Net income | −$29.1M | −$20.5M | −$72.8M | −$225.4M | −$38.6M | −$61.3M | −$46.7M | −$41.9M | −$42.9M | −$49.6M | −$85.8M | −$92.8M |
| EBITDA | −$17.5M | −$11.2M | −$36.2M | −$200.5M | −$13.1M | −$34.5M | −$26.8M | −$15.7M | −$19.8M | −$28.0M | −$64.5M | −$73.4M |
| EPS (diluted) | −$0.12 | −$0.06 | $0.02 | $0.14 | −$0.17 | — | — | — | — | — | — | — |
| Gross margin | 74.1% | 74.0% | 70.7% | 70.7% | 72.7% | 71.0% | 66.7% | 69.7% | 67.9% | 65.0% | 57.5% | 62.0% |
| Operating margin | −11.9% | −8.2% | −50.3% | −40.6% | −7.1% | −10.1% | −24.9% | −12.9% | −18.4% | −25.6% | −65.2% | −55.7% |
| Net margin | −12.5% | −9.3% | −40.9% | −115.6% | −22.5% | −38.9% | −35.3% | −27.7% | −32.3% | −41.0% | −87.2% | −84.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NAVN's financial statements (latest annual report filed April 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NAVN financial results
In fiscal year 2026 (ended January 31, 2026), Navan reported revenue of $702.3 million, up 30.8% from the year before. It had a net loss of $398.0 million, a net profit margin of −56.7%. Diluted earnings per share came to −$2.17.
See the NAVN stock overview for the latest quote and news, or the NAVN chart for price history and technical indicators.
NAVN income statement FAQ
What is Navan's annual revenue?
Navan reported total revenue of $702.3 million for fiscal year 2026, which ended on January 31, 2026. That was up 30.8% from $536.8 million the previous year.
Is Navan profitable?
No. Navan reported a net loss of $398.0 million in fiscal 2026, a net profit margin of −56.7%; its operating margin was −28.0%.
What is Navan's gross margin?
Navan's gross margin was 71.3% in fiscal 2026: for every $100 of revenue, Navan kept $71 after the direct cost of its products and services.
How much does Navan spend on research and development?
Navan spent $151.2 million on research and development in fiscal 2026, 21.5% of revenue.
What are Navan's earnings per share?
Navan earned $-2.17 per diluted share in fiscal 2026, compared with $-0.73 a year earlier.
When does Navan's fiscal year end?
Navan's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on April 2, 2026.