NAVAN INC CLASS A (NAVN)
Consumer Discretionary · Business Travel and Expense Management Software · NASDAQ
Navan is an AI-driven, end-to-end platform that unifies business travel, expense management, and corporate payments to simplify the corporate T&E workflow.
What NAVAN INC CLASS A does
Navan is a global AI-powered platform that manages business travel, corporate payments, and expense reconciliation. Its platform, built on the proprietary Navan Cloud and Navan Cognition AI framework, integrates booking, expense management, and reporting for corporate customers, while leveraging a virtual agent named Ava to automate traveler support and complex tasks.
Recent developments
In Q2 FY2027, Navan acquired Smartrips to expand in Latin America and BoomPop to enhance its meetings and events capabilities. The company also launched the Model Context Protocol (MCP) for T&E and raised its fiscal year 2027 outlook.
From NAVAN INC CLASS A's filing of 2026-09-10.
Themes: AI infrastructure, agentic AI, business travel software, expense management / fintech, corporate payments, travel distribution (NDC)
Fundamentals
- Price$23.08 as of 2026-10-08 close
- Market cap$6.0B as of 2026-09-03 (share count; price 2026-10-08)
- P/En/a negative earnings
- Net margin-56.7% FY2026, SEC XBRL
- Gross margin+71.3% FY2026, SEC XBRL
- ROE-32.9% FY2026, SEC XBRL
- Debt / equity0.10 as of 2026-09-03
- Revenue growth (YoY)-66.9% as of 2026-09-03
- Revenue CAGR (3y)+32.1% SEC XBRL
- Beta0.94 as of 2026-09-03
- Last reported earnings2026-09-09 SEC EDGAR Form 8-K (Item 2.02)
How NAVN compares in its sector
- net profit marginbottom 10% 314 covered Consumer Discretionary peers, as of 2026-09-03
- operating marginbottom 10% 281 covered Consumer Discretionary peers, as of 2026-09-03
- gross margintop 10% 191 covered Consumer Discretionary peers, as of 2026-09-03
- return on equitybottom 25% 293 covered Consumer Discretionary peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 326 covered Consumer Discretionary peers
- free cash flow (absolute dollars, latest fiscal year)middle range 311 covered Consumer Discretionary peers, as of FY2026
Position among covered Consumer Discretionary companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NAVN is not currently in any published Top 10 list. Its scores are below.
Top 10 score
39.5 #1208 of 1,379 scored · #128 of 155 in Consumer Discretionary
Valuation 66th (price to book 2.2) and financial health 55th (debt to equity 0.1, free cash flow margin 4.7%); weakest is profitability (5th, return on equity -32.9%, operating margin -28%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
How NAVAN INC CLASS A looks technically
NAVAN INC CLASS A (NAVN) is trading 25.5% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average has held above its 200-day average for at least 27 trading days — a long-sustained "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 6 trading days ago (its momentum flipped positive). It just made a new 20-day high, its first since 2026-09-09, pushing above its recent trading range.
Trend
8
| Distance from the 200-day | it is trading 25.5% above its 200-day average, the long-term trend line — a longer-term uptrend | +25.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $25.34 | $25.34 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $18.39 | $18.39 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 18.71. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average has held above its 200-day average for at least 27 trading days — a long-sustained "golden cross", a bullish long-term signal | at least 27 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with sellers in control | 33.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30) | 52.4 |
|---|---|---|
| Position in its 14-day range | it is trading right at the top of its 14-day range ($18.71 to $23.14) — its "stochastic" reading is 99 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 98.5 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 6 trading days ago (its momentum flipped positive) | 6 sessions |
Range
7
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-09-09, pushing above its recent trading range | 1 session |
|---|---|---|
| Since a 55-day breakout | it made a new 55-day low about 10 trading days ago | 10 sessions |
| All-time high | its highest closing price on record is $30.88 (set on 2026-08-27) | $30.88 |
| Given back of the 52-week move | not available for this company yet | n/a |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $8.11 (set on 2026-03-20) | $8.11 |
| Above the all-time low | it is 184.8% above its all-time low | +184.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 89% of it) | 11th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.21 between its high and its low — about 5.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.21 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $19.24 and $23.25 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $19.24 – $21.25 – $23.25 |
| Typical daily range (% of price) | its price moves about 5.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 5.3% |
| Stretch from the 200-day average | it is trading 3.9 daily ranges above its 200-day average price (25.5% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.9 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.70× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.2% since the prior reading | -0.2% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
|---|---|---|
| Since a bearish engulfing | 2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 2 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 0.4% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.4% |
|---|---|---|
| Open gap | it gapped 17.4% below the previous close 20 sessions ago and has not traded back through the level it left behind at 25.89 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -17.4% |
| Gap filled | a 2.0% gap up opened on 2026-10-02 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +8.15% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 14.4 percentage points (the stock lost 13.4% while the market gained 1.0%) | -14.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 13.4 percentage points (the stock lost 9.6% while the market gained 3.8%) | -13.4% |
| vs market, 6 months | over the past 6 months this stock beat the market by 65.7 percentage points (the stock gained 83.2% while the market gained 17.5%) | +65.7% |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, outperforming the market over 6 months — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a strong downtrend, with sellers in control, near the top of its 14-day range (overbought), trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 11% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 11.2% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -10.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 17% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $19.65 — a volume-weighted average of daily closes over 183 sessions, not a true tick-by-tick VWAP. | +17.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 8% above the average price paid since it last reported on 2026-09-09 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $21.33 — a volume-weighted average of daily closes over 22 sessions, not a true tick-by-tick VWAP. | +8.2% |
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $18.71.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 3 trading days, since 2026-10-06.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Broke out to a new 20-day high · At the top of its 14-day range (stochastic above 80) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.27 mean, 1=Strong Buy…5=Strong Sell) — 15 analysts
- Mean price target$30.80 range $26.00 – $38.00; median $30.00
Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NAVN
- Consensus EPS estimate$0.1153 next reporting period, as of 2026-10-03
- Estimate change, 30 days+$0.07616 from $0.03913, on 2026-08-29, 35-day window
- Readings revised upward25% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["reliance on corporate travel spending levels which are sensitive to macroeconomic conditions","history of net losses and risks associated with managing rapid organizational growth","potential for fluctuating revenue due to a usage-based business model"]
What changed in the latest 10-Q
AI-assisted comparison of NAVN's 10-Q filed 2026-06-11 against the prior one filed 2025-12-15.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-06-11) references 'Annual Report on Form 10-K for the year ended January 31, 2026' instead of older filing's reference to prospectus dated October 29, 2025
- Newer filing presents Key Business Metrics for 'Three Months Ended April 30, 2026 and 2025' with GBV of $3.1B (2026) vs $2.1B (2025) showing 50% growth and Payment volume of $1.3B (2026) vs $1.0B (2025) showing 29% growth
- Newer filing adds 'travel inventory providers' to list of suppliers
- Newer filing describes Navan as 'global AI-powered business travel and expense platform that makes travel easy for frequent travelers' with focus on 'Since our inception, we have leveraged technology to reimagine business travel'
- Newer filing explicitly describes Navan Cognition as 'our proprietary AI framework' designed to 'leverage third-party large language models with our own proprietary, internally developed software to enable us to create, train, deploy, and supervise our specialized virtual agents'
- Removed:
- Older filing (2025-12-15) contained 'Initial Public Offering' section describing October 31, 2025 IPO with 30,000,000 shares at $25.00 per share and net proceeds of $713.3 million - not present in newer filing
- Older filing contained customer metrics stating 'As of January 31, 2025, we had over 10,000 active customers' with definition of active customer - not present in newer filing
- Older filing stated '36% of our customers attached to three or more offerings' as of January 31, 2025 - not present in newer filing
- Older filing discussed 'Net Revenue Retention Rate (NRR) from our existing customers, which remained above 110% as of January 31, 2025' with detailed NRR calculation methodology - not present in newer filing
- Older filing's Overview described platform as 'end-to-end, AI-powered software platform built to simplify the global business travel and expense (T&E) experience' and mentioned delivering 'delightful, personalized experiences' - language changed in newer filing
- Reworded:
- Older filing Overview: 'end-to-end, AI-powered software platform built to simplify the global business travel and expense (T&E) experience' changed to newer filing: 'global AI-powered business travel and expense platform that makes travel easy for frequent travelers'
- Older filing Overview: 'deliver delightful, personalized experiences for users' changed to newer filing: 'deliver personalized experiences for users' (removed 'delightful')
- Older filing Suppliers section: 'providers of global distribution systems (GDS)' changed to newer filing: 'providers of global distribution systems (GDS), and travel inventory providers'
- Older filing's reference to 'our final prospectus dated October 29, 2025, filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on October 31, 2025' changed to newer filing's reference to 'our Annual Report on Form 10-K for the year ended January 31, 2026'
- Notes:
- Newer filing text appears truncated at end of Sustaining Innovation and Leadership section ('Our purpose-designed AI-powered virtual agents can reliably handle a range of aut'); older filing text also appears truncated in Customer Cohort definition section ('We determine NRR on an annual basis to account for seasonality...')
- Key Business Metrics table uses different period comparisons: older filing shows 'Three Months Ended October 31' and 'Nine Months Ended October 31'; newer filing shows 'Three Months Ended April 30' - this reflects different fiscal quarter reporting periods rather than content changes
- Comparison limited by truncation of both source documents; full assessment of MD&A changes not possible
Risk Factors
- Added:
- Added phrase 'geopolitical conflict' in macroeconomic uncertainty description in first risk factor (filed 2026-06-11)
- Added phrase 'including in connection with their adoption of automation and other AI solutions' to describe customer headcount reduction reasons (filed 2026-06-11)
- Added 'geopolitical conflict' as explicit factor impacting travel activity in Travel Management revenue risk factor (filed 2026-06-11)
- Removed:
- Removed phrase 'including commission rates' from supplier relationships discussion (filed 2025-12-15)
- Removed 'and widespread health concerns, epidemics, or pandemics' from Travel Management disruptions language, replaced with simpler reference (filed 2025-12-15)
- Removed reference to 'T&E budgets and IT spending at our existing and p[...]' incomplete phrase at end of older filing section (filed 2025-12-15)
- Reworded:
- Changed 'rising interest rates' to 'fluctuating interest rates' in macroeconomic uncertainty list (filed 2026-06-11)
- Changed 'foreign currency fluctuation' to 'domestic and foreign currency fluctuation' in macroeconomic factors (filed 2026-06-11)
- Changed 'travel and expense ("T&E") management offerings' to just 'T&E management offerings' - removed parenthetical definition (filed 2026-06-11)
- Changed 'do not increase or decrease headcount' to 'decrease, or do not increase, headcount' - reordered phrasing (filed 2026-06-11)
- Changed 'information technology budgets' to 'IT budgets' - abbreviated terminology (filed 2026-06-11)
- Changed 'including as a result of macroeconomic factors and widespread health concerns, such as pandemics' to 'including as a result of macroeconomic factors, geopolitical conflict, and widespread health concerns, such as pandemics' - inserted geopolitical conflict reference (filed 2026-06-11)
- Notes:
- The older filing text appears truncated at the end ('particularly on T&E budgets and IT spending at our existing and p[...]'), limiting full comparison of that section
- Both versions contain incomplete text at section endings, suggesting these are partial excerpts from longer documents
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 7 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 3 sells ($2M) — 3 selling insiders
- Last 90 days · read to 2026-10-040 buys · 7 sells ($14M) — 3 selling insiders
- Last 180 days · read to 2026-10-040 buys · 39 sells ($167M) — 7 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-21. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NAVN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding NAVN as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 11,776,668
- Reported value $269,332,396
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about NAVN's institutional holders → See what each manager we track holds →
Short interest (FINRA)
NAVN had 10,279,252 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for NAVN because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 10,279,252
- Prior settlement (shares) 9,715,044
- Reported change 5.81%
- Days to cover (reported) 1.92
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- American Express Global Business Travel (GBTG)
- SAP Concur
- TripActions (now Navan)
- Expedia Group (EXPE)
- Booking Holdings (BKNG)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare NAVN vs…
Frequently asked questions
What does NAVAN INC CLASS A (NAVN) do?
Navan is a global AI-powered platform that manages business travel, corporate payments, and expense reconciliation. Its platform, built on the proprietary Navan Cloud and Navan Cognition AI framework, integrates booking, expense management, and reporting for corporate customers, while leveraging a virtual agent named Ava to automate traveler support and complex tasks.
What sector is NAVAN INC CLASS A (NAVN) in?
NAVAN INC CLASS A (NAVN) is classified in the Consumer Discretionary sector. Its industry is Business Travel and Expense Management Software. It trades on NASDAQ.
Who are NAVAN INC CLASS A's (NAVN) competitors?
Notable peers of NAVAN INC CLASS A (NAVN) include American Express Global Business Travel, SAP Concur, TripActions (now Navan), Expedia Group and Booking Holdings. This peer set is informational only — not financial advice.
Is NAVAN INC CLASS A (NAVN) overbought or oversold right now?
NAVAN INC CLASS A (NAVN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 52, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NAVN come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.