Navan reports 40% Q1 revenue growth to $220M, turns non-GAAP profitable, raises FY guidance

Filed June 10, 2026 · Period ending June 10, 2026 · ~1 min read

Key Changes

• high

  Q1 FY2027 revenue reached $220M (up 40% YoY) driven by usage revenue of $202M (up 41%) and subscription revenue of $18M (up 26%); Gross Booking Volume surged 50% to record $3.1B

  Exhibit 99.1 verify on EDGAR →
• high

  Achieved non-GAAP operating income of $24M with 11% margin (vs. $3M and 2% margin prior year) and non-GAAP net income of $22M (vs. $7M loss prior year), marking profitability inflection

  Exhibit 99.1 verify on EDGAR →
• high

  Raised full-year FY2027 revenue guidance to $907-913M (30% growth at midpoint, up from prior 24% target) and non-GAAP operating income to $76-80M with 9% margin at midpoint

  Exhibit 99.1 verify on EDGAR →