NAVN Stock Analysis: Navan, Common Stock | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 7.053m USD | 12M Return: 27.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 109M
Qual. Beats: 0
Rev. Trend: 100.0%
Warnings
Tailwinds
Seasonality 0.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Navan, Inc. (NASDAQ: NAVN) is a U.S.-based software company that operates an AI-powered platform designed to simplify corporate travel and expense management. Its offerings cover the full travel lifecycle, including booking, policy enforcement, payment processing, expense reconciliation, and reporting, serving functions such as finance, human resources, and travel management.
The company competes in the corporate travel and expense (T&E) software market, a segment of the broader enterprise SaaS industry that addresses the historically manual and fragmented processes businesses use to manage employee travel and reimbursements. Its platform combines travel booking with integrated payments and expense automation, targeting both corporate buyers and travel suppliers.
Navan was originally incorporated in 2015 as TripActions, Inc., rebranding to Navan, Inc. in February 2023. The company is headquartered in Palo Alto, California, and trades on NASDAQ following its October 2025 IPO.
- Corporate travel demand recovery drives transaction volume and revenue growth
- Enterprise customer wins expand average revenue per account
- Competition from Concur and Brex pressures take rates and margins
| Net Income: -357.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 4.26 > 1.0 |
| NWC/Revenue: 130.6% < 20% (prev 81.91%; Δ 48.67% < -1%) |
| CFO/TA 0.01 > 3% & CFO 22.3m > Net Income -357.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 4.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (250.3m) vs 12m ago 0.83% < -2% |
| Gross Margin: 72.12% > 18% (prev 68.94%; Δ 3.17% > 0.5%) |
| Asset Turnover: 53.71% > 50% (prev 50.54%; Δ 3.17% > 0%) |
| Interest Coverage Ratio: -8.50 > 6 (EBIT TTM -321.1m / Interest Expense TTM 37.8m) |
| A: 0.58 (Total Current Assets 1.30b - Total Current Liabilities 305.0m) / Total Assets 1.71b |
| B: -1.19 (Retained Earnings -2.04b / Total Assets 1.71b) |
| C: -0.23 (EBIT TTM -321.1m / Avg Total Assets 1.42b) |
| D: 2.59 (Book Value of Equity 1.24b / Total Liabilities 477.6m) |
| Altman-Z'' = 1.16 = BB |
| DSRI: 0.96 (Receivables 447.8m/349.5m, Revenue 765.0m/573.4m) |
| GMI: 0.96 (GM 68.94% / 72.12%) |
| AQI: 0.64 (AQ_t 0.19 / AQ_t-1 0.30) |
| SGI: 1.33 (Revenue 765.0m / 573.4m) |
| TATA: -0.22 (NI -357.3m - CFO 22.3m) / TA 1.71b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at USD 25.78 with a total of 3,794,751 shares traded. Over the past week, the price has changed by -7.03%, over one month by +8.73%, over three months by +61.93% and over the past year by +27.15%.
Current recommended Stop Loss: 22.50 (which is 12.7% or 1.9 ATR below the current price).
Navan, Common Stock has no consensus analysts rating.
P/E Forward = 123.4568
P/S = 9.2187
P/B = 5.3391
Revenue TTM = 765.0m USD
EBIT TTM = -321.1m USD
EBITDA TTM = -261.0m USD
Long Term Debt = 124.2m USD (from longTermDebt, last quarter)
Short Term Debt = 13.8m USD (from shortTermDebt, last quarter)
Debt = 220.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 48.0m
Net Debt = -581.8m USD (calculated: Debt 220.4m - CCE 802.3m)
Enterprise Value = 6.47b USD (7.05b + Debt 220.4m - CCE 802.3m)
Interest Coverage Ratio = -8.50 (Ebit TTM -321.1m / Interest Expense TTM 37.8m)
EV/FCF = 883.1x (Enterprise Value 6.47b / FCF TTM 7.33m)
FCF Yield = 0.11% (FCF TTM 7.33m / Enterprise Value 6.47b)
FCF Margin = 0.96% (FCF TTM 7.33m / Revenue TTM 765.0m)
Net Margin = -46.70% (Net Income TTM -357.3m / Revenue TTM 765.0m)
Gross Margin = 72.12% ((Revenue TTM 765.0m - Cost of Revenue TTM 213.3m) / Revenue TTM)
Gross Margin QoQ = 74.04% (prev 70.70%)
Tobins Q-Ratio = 3.77 (Enterprise Value 6.47b / Total Assets 1.71b)
Interest Expense / Debt = 17.14% (Interest Expense 37.8m / Debt 220.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -253.6m (EBIT -321.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.27 (Total Current Assets 1.30b / Total Current Liabilities 305.0m)
Debt / Equity = 0.18 (Debt 220.4m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = 2.23 (negative EBITDA) (Net Debt -581.8m / EBITDA -261.0m)
Debt / FCF = -79.41 (Net Debt -581.8m / FCF TTM 7.33m)
Total Stockholder Equity = 939.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -25.08% (Net Income -357.3m / Total Assets 1.71b)
RoE = -38.05% (Net Income TTM -357.3m / Total Stockholder Equity 939.0m)
RoCE = -30.20% (EBIT -321.1m / Capital Employed (Equity 939.0m + L.T.Debt 124.2m))
RoIC = -18.32% (negative operating profit) (NOPAT -253.6m / Invested Capital 1.38b)
WACC = 15.85% (E(7.05b)/V(7.27b) * Re(15.92%) + D(220.4m)/V(7.27b) * Rd(17.14%) * (1-Tc(0.21)))
Discount Rate = 15.92% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -28.30 | Cagr: 0.37%
[DCF] Terminal Value 53.75% ; FCFF base≈7.33m ; Y1≈7.36m ; Y5≈7.79m
[DCF] Fair Price = 2.66 (EV 53.4m - Net Debt -581.8m = Equity 635.2m / Shares 239.0m; r=15.85% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.05 | # QB: 0
Revenue Correlation: 99.98 | Revenue CAGR: 32.13% | SUE: N/A | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.04 | Chg30d=-3.93% | Revisions=+0% | Analysts=10
EPS next Quarter (2026-10-31): EPS=0.12 | Chg30d=+9.20% | Revisions=+50% | Analysts=10
EPS current Year (2027-01-31): EPS=0.25 | Chg30d=+0.36% | Revisions=+80% | GrowthEPS=+7552.1% | GrowthRev=+29.8%
EPS next Year (2028-01-31): EPS=0.33 | Chg30d=+0.24% | Revisions=+80% | GrowthEPS=+30.2% | GrowthRev=+23.6%
[Analyst] Revisions Ratio: +72% (up=33, down=4)