Navan, Inc. (NAVN)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$27.78+0.25%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
Intact: The reason to own it still holds.
Navan grows revenue about 30% a year. It raised revenue guidance to $910 million for fiscal 2027. The company won new clients and gained market share. It beat earnings estimates in recent quarters.
Navan still loses money and faces high risk. Growth could slow below 24% expected by analysts. Key executives have recently left, which may hurt execution.
The price matches our fair value near $27. Analysts expect 24.5% revenue growth. We see potential for growth above this but also risk from losses.
Breaks if: EPS falls below $0.15 in FY 2027
Breaks if: Quarterly revenue growth falls below 20% next quarter
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
NAVN represents a speculative growth investment with a focus on achieving significant revenue growth. The current thesis state is cautious, as recent performance has not met industry standards, but there are signs of potential improvement.
The market appears to have priced in a low level of fragility, suggesting that current expectations are somewhat justified. NAVN trades at a premium compared to peers, indicating that investors may expect stronger future performance despite recent weaknesses.
Management is on track to achieve its revenue growth targets, with guidance indicating a positive trajectory. However, the recent financial performance has been weak, which could pose challenges in the near term.
The thesis hinges on NAVN maintaining its revenue growth targets and the broader tech sector's performance. Key factors include potential Federal Reserve rate cuts and the performance of leading tech companies.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats to the thesis at this time.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Navan aims to increase its quarterly revenue by 28% year-over-year.
Stated in 2 of last 2 quarters. Quarterly revenue guidance increased from $205 million in 2026-Q1 to $220 million in 2026-Q2, aligning with the 28% YoY growth target. The company is delivering on this priority.
“Navan currently expects: Total revenue in the range of $219 - $221 million, representing year-over-year growth of 28% at the midpoint.”
“For the first quarter of fiscal year 2027 (ending April 30, 2026), Navan currently expects: Total revenue in the range of $204 - $206 million.”
Breaks if: YoY revenue growth falls below 24% in FY 2027
Navan aims to achieve a 30% year-over-year revenue growth for the fiscal year.
Stated in 2 of last 2 quarters. Revenue guidance increased from $686 million in 2026-Q1 to $910 million in 2026-Q2, indicating a trajectory towards achieving the 30% YoY growth target. The company is delivering on its growth priority.
“Navan increased its outlook to: Total revenue in the range of $907 - $913 million, representing year-over-year growth of 30% at the midpoint.”
“For the fiscal year 2026 (ending January 31, 2026), Navan currently expects: Total revenue in the range of $685 - $687 million, representing year-over-year growth of 28% at the midpoint.”
In the next 1 to 3 years, NAVN's success will depend on its ability to execute on growth targets and navigate sector dynamics. Not investment advice.