NAVAN INC CLASS A (NAVN)
Consumer Discretionary · AI-powered business travel and expense management platform · NASDAQ
An AI-powered business travel and expense platform that unifies travel booking, payments, and expense management for enterprises through proprietary virtual agents and real-time inventory aggregation.
What NAVAN INC CLASS A does
Navan is a global AI-powered business travel and expense management platform that serves companies, frequent business travelers, and travel suppliers. The platform combines travel booking, expense management, corporate payments, and meetings/events capabilities powered by its proprietary AI framework called Navan Cognition. The company generates revenue from customers on a per-trip or subscription basis, from suppliers via booking commissions, and from payment partners via transaction fees on corporate card volumes.
Themes: ["AI infrastructure / automation","business travel management","corporate expense management","corporate payments and cards","travel platform"]
Fundamentals
- Price$25.63 as of 2026-07-09 close
- Market cap$6.5B as of 2026-07-10
- 1-year return+50.1% as of 2026-07-09 close
- Net margin-45.4% as of 2026-07-10
- Gross margin+71.9% as of 2026-07-10
- ROE-44.6% as of 2026-07-10
- Debt / equity0.10 as of 2026-07-10
- Revenue growth (YoY)-66.9% as of 2026-07-10
- Revenue CAGR (3y)+32.1% SEC XBRL
- Beta1.50 as of 2026-07-10
Key risks (from latest filing)
["Revenue declined 66.86% year-over-year with significant negative net margins (-45.37%), indicating substantial execution challenges and market headwinds","Competitive pressure from legacy travel management and enterprise software incumbents that have greater scale and brand recognition","Dependence on customer acquisition and expansion, with performance sensitive to changes in T&E spending levels and economic conditions"]
Competitors & peers
- Concur (SAP)
- Expensify
- Certify
- TripActions
- Aria
- BCD Travel
- American Express Global Business Travel
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.