NA
NAVN.O
—
NASDAQ
Hotels, Restaurants & Leisure
Navn.O
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
—
Op margin
-28,0 %
ROE
-33,0 %
Net margin
-56,7 %
Debt / equity
0,10
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$26,71
Open
—
Next earnings
2026-08-28
Ex-dividend
—
TR 1Y
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About
Navan Inc operates as a travel management platform, generating revenue through corporate travel services, with disclosed subsidiaries including Liquid Labs SPV, LLC and Reed & Mackay Travel Limited.
Business. Navan Inc operates as a travel management platform, generating revenue through corporate travel services, with disclosed subsidiaries including Liquid Labs SPV, LLC and Reed & Mackay Travel Limited.
Classification85 %
SectorConsumer Discretionary
Industry groupHotels, Restaurants & Leisure
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
Wellington Management Company, LLP
largest disclosed fund holder
Profitability→
-33,0 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to NAVN.O. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-08-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Navan Inc operates as a travel management platform, generating revenue through corporate travel services, with disclosed subsidiaries including Liquid Labs SPV, LLC and Reed & Mackay Travel Limited.
Classification85 %
SectorConsumer Discretionary
Industry groupHotels, Restaurants & Leisure
AI synthesis
GENERATEDNavan maintains a conservative capital structure with total equity of $1.21 billion against total liabilities of $500.7 million. The debt-to-equity ratio stands at 0.1, indicating minimal leverage, while cash and equivalents of $583.5 million provide a strong liquidity buffer. Operating cash flow is positive at $33.7 million, supporting the low liquidity risk assessment despite the absence of immediate filing-based flags.
The company reports significant profitability challenges, with a net loss of $398.0 million and an operating loss of $196.9 million on revenue of $702.3 million. Return on equity is -32.95% and return on assets is -23.29%, reflecting the heavy investment phase typical of high-growth technology platforms. The gross profit of $500.5 million suggests a healthy gross margin, but operating expenses currently outweigh gross contributions.
Revenue concentration risk is present, with one payment partner customer accounting for 11% to 12% of total revenue in the years ended January 31, 2025 and 2024. The company’s operational footprint includes subsidiaries such as Liquid Labs SPV, LLC and Reed & Mackay Travel Limited, indicating a structured approach to managing specific business units or assets.
Growth trajectory analysis is limited by the absence of historical period data in the current input. However, the current revenue base of $702.3 million provides a scale for evaluating future expansion potential. The lack of quarterly or annual historical trends prevents a detailed assessment of revenue momentum or seasonality.
Risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The primary financial risk stems from the substantial net loss and negative returns on equity and assets, which require sustained cash flow generation or external capital to sustain operations. The low debt-to-equity ratio mitigates solvency concerns in the near term.
Recent observations include reconciler events related to coverage closure and analysis job processing for Navan Inc, indicating ongoing data integration activities. No specific news events, filing observations, or transcript insights were provided beyond the structural subsidiary and customer concentration disclosures.
Key takeaways
- Strong liquidity position with $583.5 million in cash and low debt-to-equity ratio of 0.1.
- Significant net loss of $398.0 million results in negative ROE (-32.95%) and ROA (-23.29%).
- Customer concentration risk with one payment partner contributing 11-12% of revenue.
- Low dilution and liquidity risk flags based on current filing assessments.
- Operational structure includes specific subsidiaries for travel and lab services.
Bull / Bear case
analysis pipeline— missing data
In focus — financials by report
Valuation
Market price
$27,70
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$1.21B
Net cashⓘ
$458.7M
Current ratioⓘ
—
Debt / equityⓘ
0.1
ROAⓘ
-23.3%
ROEⓘ
-33.0%
Cash conversionⓘ
-8.0%
CapEx / revenueⓘ
0.1%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
Business relationships2 disclosed relationships · 1 type · extracted from filings & disclosures
Subsidiaries2
EX21:8a968e7a3d86EX21:8a968e7a3d86Subsidiarie97%
EX21:f6db496718abEX21:f6db496718abSubsidiarie97%
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution15 analysts
Strong buy5
Buy10
Hold0
Sell0
Strong sell0
12-month price target$29,60 · Median $30,00
Low $25,00High $38,00
Operating income · consensus63,0M USD
EPS surprise
−101,5 %
reported vs consensus · miss
Revenue surprise
−22,9 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$25,00
Mean$29,60
Median$30,00
High$38,00
Spot$27,70
+6.9 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskLow
Filing-based flags
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Op Margin-28,0 %Bottom quartile
Net Margin-56,7 %Bottom quartile
ROE-33,0 %Bottom quartile
Capex / Rev0,1 %Above median
D/E0,10Above median
Cash Conv-0,08Below median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net acquired 1 010 099 sh1 grants1 insiders
- Chief Financial Officer · Stock Option (Right to Buy) → Class A Common StockAcquired 1 010 099 @ $9,97grant · 2026-03-02
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Cash Conversion Ratiooperating_cash_flow / net_income
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Capex To Revenuecapital_expenditure / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
Source documents
- NAVAN, INC. Market data — financials · 2026-07-31
- reconciler_enqueue (reconciler) on NAVN.O · 2026-07-31
- NAVN.O HA canonical relationships · 2026-07-31
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,01 %$69M
- Investment Managers · as of 2026-03-310,01 %$50M
- Investment Managers · as of 2026-03-310,00 %$20M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$14M
- Investment Managers · as of 2025-12-310,00 %$57M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$10M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Ilan TwigCo-Founder, Chief Technology Officer
Insider activity
Net selling1 buys · 40 sellsnet -$154,3M15 insiders · last 365d
- 10% owner · Class A Common StockSold 8 983 @ $25,36$228K · 2026-07-08
- 10% owner · Class A Common StockSold 8 983 @ $25,36$228K · 2026-07-08
- Director, 10% owner · Class A Common StockOther 452 949 · 2026-07-07
- Director, 10% owner · Class A Common StockOther 1 576 676 · 2026-07-07
- Director, 10% owner · Class A Common StockOther 567 965 · 2026-07-07
- Director, 10% owner · Class A Common StockOther 1 082 303 · 2026-07-07
- 10% owner · Class A Common StockOther 8 983 · 2026-07-07
- 10% owner · Class A Common StockOther 2 979 102 · 2026-07-07
- 10% owner · Class A Common StockOther 192 885 · 2026-07-07
- 10% owner · Class A Common StockOther 1 894 598 · 2026-07-07
- 10% owner · Class A Common StockOther 670 005 · 2026-07-07
- 10% owner · Class A Common StockOther 401 655 · 2026-07-07
- 10% owner · Class A Common StockOther 8 983 · 2026-07-07
- 10% owner · Class A Common StockOther 2 979 102 · 2026-07-07
- 10% owner · Class A Common StockOther 192 885 · 2026-07-07
- 10% owner · Class A Common StockOther 1 894 598 · 2026-07-07
- 10% owner · Class A Common StockOther 670 005 · 2026-07-07
- 10% owner · Class A Common StockOther 401 655 · 2026-07-07
- 10% owner · Class A Common StockSold 10 569 @ $24,65$261K · 2026-07-01
- 10% owner · Class A Common StockSold 10 569 @ $24,65$261K · 2026-07-01
- Director, 10% owner · Class A Common StockOther 567 965 · 2026-06-26
- Director, 10% owner · Class A Common StockOther 452 949 · 2026-06-26
- Director, 10% owner · Class A Common StockOther 1 576 676 · 2026-06-26
- Director, 10% owner · Class A Common StockOther 9 959 · 2026-06-25
- Director · Class A Common StockOther 9 959 · 2026-06-25
Short positioning
10.0Mshares short-12.3% vs prior
2.02days to cover
52.5%short of daily vol
906.2Kfails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
NAVN.OCanonical
NASDAQ · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskLow
No immediate filing-based liquidity or dilution flags were detected.
Relationship graph
This companySectorSubsidiaries
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2026-01-31 vs 2025-01-31): 201.8%Derived (calculated)
- EPS (basic) (YoY) (2026-01-31 vs 2025-01-31): -1.8%Derived (calculated)
- EPS (diluted) (YoY) (2026-01-31 vs 2025-01-31): -1.8%Derived (calculated)
- Gross profit (YoY) (2026-01-31 vs 2025-01-31): 36.4%Derived (calculated)
- Net income (YoY) (2026-01-31 vs 2025-01-31): -119.8%Derived (calculated)
- Operating cash flow (YoY) (2026-01-31 vs 2025-01-31): 166.8%Derived (calculated)
- Operating income (YoY) (2026-01-31 vs 2025-01-31): -82.9%Derived (calculated)
- R&D expense (YoY) (2026-01-31 vs 2025-01-31): 23.6%Derived (calculated)
- Revenue (YoY) (2026-01-31 vs 2025-01-31): 30.8%Derived (calculated)
- Total liabilities (YoY) (2026-01-31 vs 2025-01-31): -48.4%Derived (calculated)
- Total assets (YoY) (2026-01-31 vs 2025-01-31): 57.6%Derived (calculated)
- Long-term debt (YoY) (2026-01-31 vs 2025-01-31): -79.8%Derived (calculated)
- Net margin (FY 2026-01-31): -56.7%Derived (calculated)
- Gross margin (FY 2026-01-31): 71.3%Derived (calculated)
- Return on equity (FY 2026-01-31): -32.9%Derived (calculated)
- Return on assets (FY 2026-01-31): -23.3%Derived (calculated)
- Current ratio (FY 2026-01-31): 4.07xDerived (calculated)
- Debt-to-equity (FY 2026-01-31): 0.41xDerived (calculated)
- Capex (YoY) (2026-01-31 vs 2025-01-31): -7.7%Derived (calculated)
- Cash & equivalents (YoY) (2026-01-31 vs 2025-01-31): 270.1%Derived (calculated)
- Cost of revenue (YoY) (2026-01-31 vs 2025-01-31): 18.8%Derived (calculated)
- Long-term debt (annual): USD 124.8MSEC XBRL filing
- Current assets (annual): USD 1.31BSEC XBRL filing
- Operating cash flow (annual): USD 33.67MSEC XBRL filing
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-08-28EVENTUpcomingQ2 2026 earnings (expected) estimated date
2026-07-08INSIDERLightspeed Venture Partners Select II, L.P. sold 9.0k sh Class A Common Stock — 10% owner ~$228k
2026-07-08INSIDERLightspeed Venture Partners X, L.P. sold 9.0k sh Class A Common Stock — 10% owner ~$228k
2026-07-07INSIDERZEEV OREN transacted 452.9k sh Class A Common Stock — Director, 10% owner
2026-07-07INSIDERZEEV OREN transacted 1.58M sh Class A Common Stock — Director, 10% owner
2026-07-07INSIDERZEEV OREN transacted 568.0k sh Class A Common Stock — Director, 10% owner
2026-07-07INSIDERZEEV OREN transacted 1.08M sh Class A Common Stock — Director, 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 9.0k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 2.98M sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 192.9k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 1.89M sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 670.0k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 401.7k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners Select II, L.P. transacted 9.0k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 2.98M sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 192.9k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 1.89M sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 670.0k sh Class A Common Stock — 10% owner
2026-07-07INSIDERLightspeed Venture Partners X, L.P. transacted 401.7k sh Class A Common Stock — 10% owner
2026-07-01INSIDERLightspeed Venture Partners X, L.P. sold 10.6k sh Class A Common Stock — 10% owner ~$261k
2026-07-01INSIDERLightspeed Venture Partners Select II, L.P. sold 10.6k sh Class A Common Stock — 10% owner ~$261k
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: insider_flow_signal (90d)
2026-06-26INSIDERZEEV OREN transacted 568.0k sh Class A Common Stock — Director, 10% owner
2026-06-26INSIDERZEEV OREN transacted 452.9k sh Class A Common Stock — Director, 10% owner
2026-06-26INSIDERZEEV OREN transacted 1.58M sh Class A Common Stock — Director, 10% owner
2026-06-25 00:00 UTCINSIDER39 insider transactions — 2026-06 · net sell $151.3M
2026-06-25 00:00 UTCINSIDER39 insider transactions — 2026-06 · net sell $151.3M
2026-06-25INSIDERHOROWITZ BENJAMIN A transacted 10.0k sh Class A Common Stock — Director, 10% owner
2026-06-25INSIDERKOUREY MICHAEL R transacted 10.0k sh Class A Common Stock — Director
2026-05-28 00:00 UTCINSIDER7 insider transactions — 2026-05 · net sell $992k
2026-05-28 00:00 UTCINSIDER7 insider transactions — 2026-05 · net sell $992k
2026-03-30 00:00 UTCINSIDER8 insider transactions — 2026-03 · net sell $842k 1 derivative
2026-03-30 00:00 UTCINSIDER8 insider transactions — 2026-03 · net sell $842k 1 derivative
2026-03-02INSIDERNolf Aurelien Pierre Leon acquired 1.01M sh Stock Option (Right to Buy) — Chief Financial Officer
Showing the 40 most recent of 48 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
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