Tearsheet

Navan (NAVN)


Market Price (3/30/2026): $12.23 | Market Cap: $602.4 Mil
Sector: Information Technology | Industry: Application Software

Navan (NAVN)


Market Price (3/30/2026): $12.23
Market Cap: $602.4 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -92%
Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -101%
High stock price volatility
Vol 12M is 108%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing, Fintech & Digital Payments, and Experience Economy & Premiumization. Themes include Software as a Service (SaaS), Show more.
Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
Key risks
NAVN key risks include [1] a persistent lack of profitability and [2] intense competition from both established travel providers and newer fintech entrants.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -92%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing, Fintech & Digital Payments, and Experience Economy & Premiumization. Themes include Software as a Service (SaaS), Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -61%, 3Y Excs Rtn is -101%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
4 High stock price volatility
Vol 12M is 108%
5 Key risks
NAVN key risks include [1] a persistent lack of profitability and [2] intense competition from both established travel providers and newer fintech entrants.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Navan (NAVN) stock has lost about 25% since 11/30/2025 because of the following key factors:

1. Securities Class Action Lawsuits and IPO Allegations

Navan (NAVN) faced multiple securities class action lawsuits initiated after its October 31, 2025 Initial Public Offering (IPO), alleging false and misleading statements in its IPO documents. A key concern was the disclosure on December 15, 2025, of a significant, unexpected 39% sequential increase in sales and marketing expenses to approximately $95 million for the quarter ending October 31, 2025, compared to $68.5 million in the prior quarter. This spending surge was allegedly necessary to sustain touted revenue and Gross Booking Volume (GBV) growth, and the revelations contributed to the stock falling nearly 12% in a single day.

2. Unanticipated CFO Departure

Further contributing to investor uncertainty, Navan announced the surprise departure of its CFO, Amy Butte, effective January 9, 2026, on December 15, 2025. This exit, occurring just six weeks after the IPO and coinciding with the disclosure of increased sales and marketing expenses, was perceived negatively by the market.

Show more

Stock Movement Drivers

Fundamental Drivers

The -26.8% change in NAVN stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253292026Change
Stock Price ($)16.6912.21-26.8%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)2482480.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
NAVN-26.8% 
Market (SPY)-5.3%4.4%
Sector (XLK)-9.1%4.4%

Fundamental Drivers

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Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
NAVN  
Market (SPY)0.6%5.8%
Sector (XLK)-0.7%4.2%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
NAVN  
Market (SPY)9.8%5.8%
Sector (XLK)15.9%4.2%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
NAVN  
Market (SPY)69.4%5.8%
Sector (XLK)94.5%4.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NAVN Return-----15%-23%-34%
Peers Return12%-44%28%27%-5%-30%-32%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
NAVN Win Rate----67%33% 
Peers Win Rate53%40%57%60%43%13% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
NAVN Max Drawdown-----36%-50% 
Peers Max Drawdown-11%-55%-22%-24%-32%-38% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GBTG, EXPE, BKNG, EXFY, WDAY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

NAVN has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique KeyEventXLKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven278 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-31.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven46.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven79 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven115.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,183 days1,480 days

Compare to GBTG, EXPE, BKNG, EXFY, WDAY

In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Navan (NAVN)

Travel is more than just getting from point A to point B; it's the lifeblood of connection in the modern business world. It's about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance. We built Navan for the road warriors, for CEOs and CFOs who understand travel’s critical importance to their strategy, the finance teams who demand precision and control, the executive assistants juggling itineraries, and the program admins ensuring seamless events. Navan is an end-to-end, AI-powered software platform built to simplify the global business T&E experience, benefiting users, customers, and suppliers. From day one, we leveraged technology to reimagine business travel. We built a comprehensive platform that serves as the foundation for further disruption. We deliver delightful, personalized experiences for users, efficiency and control for customers, and direct market access for suppliers—all powered by our proprietary AI framework, Navan Cognition. We saw firsthand the frustration of clunky, outdated systems. Travelers were forced to cobble together solutions, wait for hours on hold to book or change travel, and negotiate with travel agents. They struggled to adhere to company policies, with little visibility into those policies, and after all that, they spent even more time on tedious expense reports after a trip. We felt the pain of finance teams struggling to gain visibility into fragmented travel spending and to enforce policies, and the frustration of suppliers unable to connect directly with the high-value business travelers they sought to serve. Navan challenges this status quo by putting all three constituents—users, customers, and suppliers—at the heart of an integrated global platform. With Navan, users enjoy intuitive, AI-powered booking that anticipates users’ needs and takes a fraction of the time of legacy booking systems. Users also get expense management and clear policy guidance built-in. Customers gain real-time visibility, cost control, and safety oversight, and suppliers gain direct access to the customers who matter most. Instead of having to compromise, every group benefits, and the whole network becomes greater than the sum of its parts. Navan was built on the premise that to win, all players in the ecosystem must be integrated on one platform with AI at its core. Our platform was built from the ground up to connect distinct stakeholders, and unify traditionally disparate product features, through a single system that unlocks new efficiencies and experiences. By building true connectivity into the core of its cohesive offering, Navan is unlocking a smarter, more rewarding future for travel—one where everyone wins. The Navan platform creates a powerful flywheel effect where the user, customer, and supplier benefits reinforce each other. Our enterprise-grade platform is characterized by its intuitive design, ease of use, and tangible time-saving features, which foster a user-centric experience that travelers genuinely appreciate. This is reflected in our overall CSAT score of 96%, our virtual agent CSAT score of 78%, which is on par with human agent performance, and NPS of 43, each for the six months ended July 31, 2025. When frequent travelers have a positive, efficient experience and earn rewards, they are more likely to use Navan. The increased adoption gives the customer greater visibility into spending, stronger policy control, and cost savings, making them more invested in the platform. This, in turn, attracts more suppliers who want access to our large and loyal user base. With more suppliers and inventory available, we can offer better options and competitive pricing, further enhancing the experience for frequent travelers. This virtuous cycle strengthens each flywheel, creating a robust and self-sustaining ecosystem. Our proprietary infrastructure, which we call Navan Cloud, enables us to provide global, real-time inventory for users and forms the foundation of our platform. We aggregate supply through direct supplier relationships, real-time API integrations, and a robust network of partnerships. From day one, Navan has leveraged artificial intelligence as a cornerstone of our platform. We built Navan Cognition, a new paradigm in AI-powered travel management. This proprietary framework enables us to create, train, deploy, and supervise specialized virtual agents that can handle many complex tasks previously requiring human intervention. We make every step of the pre-booking, in-travel, and post-trip process as delightful and automated as possible. In fiscal 2025, 90% of bookings were made online or through mobile applications on the Navan platform. Our users on average are able to book a trip in seven minutes, far faster than the industry average of 45 minutes, according to Booking.com. And, in the majority of cases, users can resolve trip changes with a virtual agent, which Navan was one of the first in its industry to offer. Our strategy is to land a customer with our Travel offering, delight our users and customers, broaden their engagement with Navan, and seek to manage all of their payments, expenses, VIP needs, meetings and events, and bleisure travel on our platform. As of January 31, 2025, 36% of our customers attached to three or more offerings. Because Navan unifies all aspects of travel in one system, it is used by employees across departments and seniority levels, driving deep organizational adoption. This integrated approach streamlines trip planning, digitizes in-trip expenses, and automates post-trip reconciliation, all while enhancing the overall customer experience. Our platform also provides actionable analytics and intelligence for managers to monitor and approve travel and entertainment spend in real-time. Our platform is easy-to-use, yet powerful enough to address customers of all sizes across any industry vertical. Our proprietary AI framework, Navan Cognition, significantly enhances support capabilities and has improved our gross margins, while leveraging powerful technology capabilities across our platform, making Navan an increasingly formidable competitor. Our principal executive offices are located in Palo Alto, California.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Navan:

  • A modern, AI-powered Concur for business travel and expenses.
  • Salesforce for corporate travel and expense management.

AI Analysis | Feedback

  • Business Travel Management Platform: An AI-powered, end-to-end software platform designed to simplify global business travel booking and management.
  • Expense Management: Integrated tools for digitizing in-trip expenses, automating reconciliation, and ensuring policy adherence.
  • Payment Solutions: A system for managing and processing travel and entertainment payments.
  • Meetings & Events Management: Tools and services for planning, booking, and managing corporate meetings and events.
  • VIP Services: Specialized support and offerings tailored for high-priority or VIP travelers.
  • Bleisure Travel Integration: Functionality that allows for the seamless combination of business and personal travel within the platform.

AI Analysis | Feedback

Navan (NAVN) sells primarily to other companies, offering an end-to-end, AI-powered software platform to simplify global business travel and expense (T&E) management.

The provided company description does not list the names of specific customer companies that utilize Navan's platform. It states that Navan serves "customers of all sizes across any industry vertical." The platform is designed to benefit various stakeholders within these companies, including CEOs, CFOs, finance teams, executive assistants, program administrators, and employees across different departments and seniority levels, by providing intuitive booking, expense management, real-time visibility, cost control, and policy enforcement.

AI Analysis | Feedback

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Ariel Cohen, CEO & Co-Founder

Ariel Cohen co-founded Navan (formerly TripActions) in 2015. He also co-founded StreamOnce, a business multimedia integration platform, with Ilan Twig, which was later acquired by Jive Software. Before StreamOnce, Cohen held a senior leadership role in product management at Hewlett-Packard. He holds an Executive MBA from the Kellogg School of Management at Northwestern University.

Aurélien Nolf, Chief Financial Officer

Aurélien Nolf was appointed Chief Financial Officer of Navan, effective March 2, 2026. He joined Navan from Lyft, where he served as VP, Head of FP&A and Investor Relations, and played a key role in the company's financial transformation. Prior to Lyft, Nolf spent 15 years at Electronic Arts (EA) in various finance leadership positions, including Vice President of FP&A. He holds a master's degree in corporate law from the University of Lyon and a Master in Management and Finance from Emlyon Business School.

Ilan Twig, CTO & Co-Founder

Ilan Twig is the co-founder and Chief Technology Officer of Navan (formerly TripActions), which he started with Ariel Cohen in 2015. Together, they previously co-founded StreamOnce, a business multimedia integration platform that was acquired by Jive Software. Twig has almost two decades of experience in engineering, having led large research and development teams at Hewlett-Packard and Rockmelt. He earned a Bachelor of Science in Computer Science from the Academic College of Tel-Aviv, Yaffo, and a Master of Science in Computer Science from The Open University of Israel.

Michael Sindicich, President

As President, Michael Sindicich focuses on the global distribution of Navan's travel and expense management platform. He leads the company's global go-to-market strategy, overseeing sales, marketing, partnerships, and revenue operations. Sindicich previously served as CEO of Navan Expense and prior to that, as Vice President of Sales. Before joining Navan, he led sales teams at Apptimize (acquired by Airship) and was a co-founder of the financial brokerage Hurley Brothers. He holds a bachelor's degree in psychology and biology from UCLA.

Michael Riegel, CEO, EMEA

Michael Riegel was named CEO of Navan, EMEA (Europe, Middle East, and Africa) in October 2023, where he is responsible for the full business motion and increasing market share in the region. He is an experienced entrepreneur and company builder, having started his career in the early Internet era. Prior to Navan, Riegel was the CEO and co-founder of Comtravo, a tech-forward travel management company based in Berlin, which the Navan Group acquired in 2022.

AI Analysis | Feedback

The key risks to Navan's business are:

  1. Dependence on the global business travel market: Navan's entire business model is predicated on the continued need and volume of business travel. Any significant reduction in business travel due to economic downturns, shifts towards remote work and virtual meetings, or unforeseen global events could severely impact the company's addressable market and revenue. The company itself states, "Travel is more than just getting from point A to point B; it's the lifeblood of connection in the modern business world." This highlights its fundamental reliance on this activity.
  2. Intense competition and ability to maintain technological leadership: Navan operates in a competitive landscape, aiming to disrupt "clunky, outdated systems" and challenging the "status quo." Its success relies heavily on its proprietary AI framework, Navan Cognition, and its integrated platform. There is a risk that existing competitors or new entrants could develop superior technologies, offer more compelling integrated solutions, or possess greater resources, potentially eroding Navan's market share and competitive advantage. The company acknowledges it is "making Navan an increasingly formidable competitor," implying an ongoing struggle in the market.
  3. Reliance on third-party suppliers and partnerships: Navan aggregates travel supply through "direct supplier relationships, real-time API integrations, and a robust network of partnerships." Any disruption to these critical relationships, an inability to secure favorable terms, or a reduction in the availability of diverse and competitive inventory from these suppliers could negatively impact Navan's ability to provide a comprehensive and attractive offering to its users, thus hindering its "flywheel effect."

AI Analysis | Feedback

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Navan operates within several large addressable markets for its end-to-end, AI-powered software platform. The company's main products and services encompass business travel management, expense management, corporate payments, meetings and events, and bleisure travel. Here are the estimated addressable market sizes for Navan's key offerings:
  • Business Travel Management: The global business travel market size was estimated at approximately USD 1,851.61 billion in 2025 and is projected to reach USD 3,255.11 billion by 2033. Other estimates for the global business travel market in 2025 include USD 1.38 trillion and USD 1.595.21 trillion.
  • Expense Management: The global expense management software market was valued at USD 7.70 billion in 2024 and is expected to grow from USD 8.48 billion in 2025 to reach USD 18.52 billion by 2033. Another source estimated the market at USD 7.1 billion in 2024, projected to grow to USD 23.88 billion by 2035.
  • Corporate Payments: The global B2B payments market size was valued at USD 97.88 trillion in 2025 and is projected to grow from USD 109.39 trillion in 2026 to USD 282.48 trillion by 2034.
  • Meetings and Events: The global Meetings and Events market value is expected to rise from approximately USD 1.62 trillion in 2026 to USD 3.6 trillion by 2035. The global meetings market size was valued at USD 772.96 billion in 2025.
  • Bleisure Travel: The global bleisure travel market size was accounted for at USD 816.24 billion in 2025 and is predicted to increase to approximately USD 3,573.74 billion by 2034. Other estimates for the global bleisure travel market in 2025 include USD 762.01 billion.

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Expected Drivers of Future Revenue Growth for Navan (NAVN)

  • Expansion of Product and Service Offerings: Navan's strategy involves broadening engagement with existing customers by offering additional services beyond core travel management, such as payments, expense management, VIP services, meetings and events, and bleisure travel on its unified platform. This focus on "higher product attachment rates" is expected to drive increased revenue per customer.
  • Growth in Customer Base and Market Share Acquisition: Navan aims to expand its reach by acquiring new businesses of all sizes across various industries. The company is anticipated to continue gaining market share, particularly in the global business travel bookings market where it currently has low penetration, through enterprise growth and attracting new clients.
  • Increased Adoption and Usage by Existing Customers: The company expects revenue growth from increased utilization of its platform by existing customers. A positive and efficient user experience, driven by Navan's intuitive design and AI-powered booking, fosters greater adoption among frequent travelers, leading to higher transaction volumes and increased spending on the platform.
  • AI Innovation and Enhanced Competitive Advantage: Navan's proprietary AI framework, Navan Cognition, is a cornerstone of its platform, enhancing support capabilities and improving gross margins. This AI-driven innovation is expected to fortify Navan's competitive position, enabling it to attract more customers and drive higher transaction volumes by offering a superior and more automated business travel and expense management experience.

AI Analysis | Feedback

Share Issuance

  • Navan issued 30 million shares of Class A common stock in its Initial Public Offering (IPO) on October 30, 2025, raising approximately $750 million in gross proceeds.
  • As part of the IPO, selling stockholders offered an additional 6.9 million shares, from which Navan did not receive any proceeds.
  • In January 2026, company executives sold shares to cover tax obligations from vesting restricted stock units (RSUs).

Inbound Investments

  • Navan completed a Series G funding round in 2022, securing $154 million in equity investment and $150 million in structured financing, which valued the company at $9.2 billion.
  • In 2021, Navan raised $275 million in its Series F funding round, achieving a $7.25 billion valuation.
  • As of July 31, 2025, Navan had accumulated $1.8 billion in fair market value investment from various investors.

Outbound Investments

  • Navan's international expansion strategy included acquisitions of regional travel agencies in Europe and Asia.
  • Proceeds from the IPO are intended, in part, for potential acquisitions.

Capital Expenditures

  • Navan has continuously invested in automation and AI to enhance efficiency, which includes the development of its proprietary "Navan Cloud" infrastructure.

Trade Ideas

Select ideas related to NAVN.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BMI_2282026_Insider_Buying_45D_2Buy_200K02282026BMIBadger MeterInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
VRNS_2282026_Insider_Buying_45D_2Buy_200K02282026VRNSVaronis SystemsInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
ITRI_2272026_Dip_Buyer_FCFYield02272026ITRIItronDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
FSLR_2272026_Dip_Buyer_ValueBuy02272026FSLRFirst SolarDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
PEGA_2272026_Dip_Buyer_ValueBuy02272026PEGAPegasystemsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NAVNGBTGEXPEBKNGEXFYWDAYMedian
NameNavan Global B.Expedia Booking ExpensifyWorkday  
Mkt Price12.215.33225.814,062.140.81124.1868.20
Mkt Cap0.62.727.7130.40.132.415.2
Rev LTM-2,71814,73326,9171429,5529,552
Op Inc LTM-1822,1639,282-181,0231,023
FCF LTM-1043,1109,087172,7772,777
FCF 3Y Avg-1062,4287,99392,2912,291
CFO LTM-2333,8809,409202,9392,939
CFO 3Y Avg-2223,2188,359152,5162,516

Growth & Margins

NAVNGBTGEXPEBKNGEXFYWDAYMedian
NameNavan Global B.Expedia Booking ExpensifyWorkday  
Rev Chg LTM-12.2%7.6%13.4%2.1%13.1%12.2%
Rev Chg 3Y Avg-13.9%8.1%16.5%-5.5%15.4%13.9%
Rev Chg Q-34.0%11.4%16.0%-4.9%14.5%14.5%
QoQ Delta Rev Chg LTM-8.0%2.5%3.4%-1.3%3.5%3.4%
Op Mgn LTM-6.7%14.7%34.5%-12.7%10.7%10.7%
Op Mgn 3Y Avg-4.5%12.9%31.2%-11.8%6.4%6.4%
QoQ Delta Op Mgn LTM--0.4%0.9%-0.0%-3.2%1.3%-0.0%
CFO/Rev LTM-8.6%26.3%35.0%14.1%30.8%26.3%
CFO/Rev 3Y Avg-9.0%23.3%34.8%10.8%29.8%23.3%
FCF/Rev LTM-3.8%21.1%33.8%11.6%29.1%21.1%
FCF/Rev 3Y Avg-4.3%17.5%33.3%6.5%27.1%17.5%

Valuation

NAVNGBTGEXPEBKNGEXFYWDAYMedian
NameNavan Global B.Expedia Booking ExpensifyWorkday  
Mkt Cap0.62.727.7130.40.132.415.2
P/S-1.01.94.80.53.41.9
P/EBIT-11.414.715.4-4.228.914.7
P/E-25.221.424.1-3.546.824.1
P/CFO-11.87.113.93.711.011.0
Total Yield-4.0%5.4%5.1%-28.5%2.1%4.0%
Dividend Yield0.0%0.0%0.7%1.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-2.7%9.2%5.3%4.8%3.6%4.8%
D/E0.40.50.20.10.10.10.2
Net D/E-0.90.40.00.0-0.8-0.1-0.0

Returns

NAVNGBTGEXPEBKNGEXFYWDAYMedian
NameNavan Global B.Expedia Booking ExpensifyWorkday  
1M Rtn25.4%-2.6%4.7%-4.0%-14.7%-7.2%-3.3%
3M Rtn-21.4%-31.6%-21.3%-25.2%-47.7%-43.7%-28.4%
6M Rtn-38.9%-34.5%1.7%-26.5%-58.4%-49.7%-36.7%
12M Rtn-38.9%-27.6%35.4%-11.7%-73.9%-47.9%-33.3%
3Y Rtn-38.9%-17.6%137.3%58.6%-89.4%-37.9%-27.8%
1M Excs Rtn23.1%4.7%11.4%3.6%-26.8%-2.9%4.2%
3M Excs Rtn-14.8%-23.0%-12.9%-17.1%-38.9%-34.6%-20.1%
6M Excs Rtn-35.4%-29.8%8.9%-23.3%-54.6%-45.3%-32.6%
12M Excs Rtn-50.4%-41.3%19.8%-25.6%-86.9%-62.0%-45.9%
3Y Excs Rtn-100.7%-83.0%81.9%-0.0%-151.0%-94.4%-88.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025
Single Segment402
Total402


Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity7.5 Mil
Short Interest: % Change Since 228202634.9%
Average Daily Volume1.3 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity49.3 Mil
Short % of Basic Shares15.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
12/15/2025-11.9%8.6%0.9%
SUMMARY STATS   
# Positive011
# Negative100
Median Positive 8.6%0.9%
Median Negative-11.9%  
Max Positive 8.6%0.9%
Max Negative-11.9%  

SEC Filings

Expand for More
Report DateFiling DateFiling
10/31/202512/15/202510-Q
07/31/202510/31/2025424B4

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Andreessen, Horowitz Lsv Fund I, LpAndreessen Horowitz LSV Fund II, L.P.Buy106202616.27466,0587,582,764126,735,783Form
2Andreessen, Horowitz Lsv Fund I, LpAndreessen Horowitz LSV Fund II, L.P.Buy106202615.77202,7293,197,036126,038,051Form
3Andreessen, Horowitz Lsv Fund I, LpAndreessen Horowitz LSV Fund II, L.P.Buy106202616.74308,1885,159,067138,949,617Form
4Andreessen, Horowitz Lsv Fund Iii, LpAndreessen Horowitz LSV Fund II, L.P.Buy106202616.27466,0587,582,764126,735,783Form
5Andreessen, Horowitz Lsv Fund Iii, LpAndreessen Horowitz LSV Fund II, L.P.Buy106202615.77202,7293,197,036126,038,051Form