---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-021033"
form_type: "8-K"
ticker: "NAVN"
cik: "0001639723"
company_name: "Navan, Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:01:03.836579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navan Q4 revenue $178M, +35% YoY; posts first full-year positive free cash flow

## Summary
- Q4 revenue $178M, +35% YoY; usage revenue $161M (+35%), subscription revenue $17M (+29%).
- Full FY2026 revenue $702M (+31%); non-GAAP income from operations $37M vs -$25M prior year.
- First full year of positive operating cash flow ($34M) and free cash flow ($15M), one year ahead of target.
- Q1 FY2027 guidance: revenue $204-206M (+30% YoY); non-GAAP operating margin ~2%.
- Launched AI travel assistant Navan Edge; appointed Aurélien Nolf as CFO; added Shai Weiss to board.

## SEC filing metadata
- accession: 0001628280-26-021033
- form_type: 8-K
- ticker: NAVN
- cik: 0001639723
- company_name: Navan, Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/navn-20260325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-021033
- JSON: https://secwatch.observer/filing/0001628280-26-021033.json
- Plain text: https://secwatch.observer/filing/0001628280-26-021033.txt

## Key facts
- Earnings Releases
  Navan, Inc. reported Fourth quarter fiscal year 2026 results: revenue Total Revenue was $178 million, an increase of 35% year-over-year, net income GAAP net loss was $73 million.
  - Period: Fourth quarter fiscal year 2026
  - Revenue: Total Revenue was $178 million, an increase of 35% year-over-year
  - Net income: GAAP net loss was $73 million
  - Result: reported results
  source text: Fourth Quarter 2026 ● Total Revenue was $178 million, an increase of 35% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm
- Earnings Releases
  Navan, Inc. reported Full fiscal year 2026 results: revenue Total Revenue was $702 million, an increase of 31% year-over-year, net income GAAP net loss was $398 million, compared to a net loss of $181 million in the full fiscal year 2025.
  - Period: Full fiscal year 2026
  - Revenue: Total Revenue was $702 million, an increase of 31% year-over-year
  - Net income: GAAP net loss was $398 million, compared to a net loss of $181 million in the full fiscal year 2025
  - Result: reported results
  source text: Full Year 2026 ● Total Revenue was $702 million, an increase of 31% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm
- Earnings Releases
  Navan, Inc. reported First quarter of fiscal year 2027 (ending April 30, 2026) results: revenue Total revenue in the range of $204 - $206 million. Guidance initiated.
  - Period: First quarter of fiscal year 2027 (ending April 30, 2026)
  - Revenue: Total revenue in the range of $204 - $206 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter of fiscal year 2027 (ending April 30, 2026), Navan currently expects: ● Total revenue in the range of $204 - $206 million, representing year-over-year growth of 30% at the midpoint
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm
- Earnings Releases
  Navan, Inc. reported for the fiscal quarter and year ended January 31, 2026 results: revenue Total Revenue was $178 million, an increase of 35% year-over-year, net income GAAP net loss was $73 million, compared to a net loss of $47 million in the fourth quarter of fiscal year 2025.
  - Period: for the fiscal quarter and year ended January 31, 2026
  - Revenue: Total Revenue was $178 million, an increase of 35% year-over-year
  - Net income: GAAP net loss was $73 million, compared to a net loss of $47 million in the fourth quarter of fiscal year 2025
  - Result: reported results
  source text: on Form 8-K and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- Navan Announces Fourth Quarter and Full Fiscal Year 2026 Results Fourth Quarter Revenue Grew 35% Year-Over-Year to $178 million Achieved First Full Year of Positive Cash Flows from Operating Activities and Free Cash Flow, Reaching Milestone One Year Ahead of Target PALO
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm
- Earnings Releases
  Navan, Inc. reported Fiscal year 2027 (ending January 31, 2027) results: revenue Total revenue in the range of $866 - $874 million. Guidance initiated.
  - Period: Fiscal year 2027 (ending January 31, 2027)
  - Revenue: Total revenue in the range of $866 - $874 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the fiscal year 2027 (ending January 31, 2027), Navan currently expects: ● Total revenue in the range of $866 - $874 million, representing year-over-year growth of 24% at the midpoint
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639723/000162828026021033/0001628280-26-021033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.