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Get filing alertsNavan 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
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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 view on EDGAR → -
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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 view on EDGAR → -
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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 view on EDGAR → -
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Q2 FY2027 guidance calls for revenue of $219-221M (28% growth at midpoint) and non-GAAP operating income of $13.5-14.5M with 6% margin at midpoint
Exhibit 99.1 view on EDGAR → -
medium
Launched Navan Anywhere (embedding booking into tools like Gemini Enterprise), AI-powered admin and audit features, and became first TMC with direct SAS NDC content access
Exhibit 99.1 view on EDGAR →
Summary
Navan delivered a strong first quarter of fiscal 2027, reporting revenue of $220 million (up 40% year-over-year) and crossing into non-GAAP profitability with operating income of $24 million and an 11% operating margin. The results were driven by resilient on-platform booking activity, strong new-customer ramps, and rapidly expanding payments volume, with Gross Booking Volume hitting a record $3.1 billion (up 50%). Management raised full-year revenue guidance to 30% growth at the midpoint, up from a prior 24% target, and lifted non-GAAP operating income expectations to $76-80 million with a 9% margin.
For retail investors, the quarter marks a meaningful inflection: Navan has transitioned from a $7 million non-GAAP net loss a year ago to $22 million in net income, demonstrating operating leverage as the business scales. The raised guidance signals management confidence in sustained momentum, and the 50% surge in Gross Booking Volume suggests the company is capturing share in the corporate travel and expense management market. Product launches including Navan Anywhere and AI-powered features position the company to deepen customer engagement and expand its competitive moat.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Total Revenue was $220 million, an increase of 40% year-over-year
◦Usage revenue was $202 million, an increase of 41% year-over-year
◦Subscription revenue was $18 million, an increase of 26% year-over-year
◦Gross Booking Volume grew 50% year-over-year, to $3.1 billion in the quarter
◦Payment Volume grew 29% year-over-year, to $1.3 billion in the quarter
Navan reported first quarter fiscal 2027 revenue of $220 million, up 40% year-over-year, driven by usage revenue of $202 million (up 41%) and subscription revenue of $18 million (up 26%). Gross Booking Volume surged 50% to a record $3.1 billion, while Payment Volume grew 29% to $1.3 billion. The company attributed the strong performance to resilient on-platform booking activity, strong new-customer ramps, and rapidly expanding payments volume.
Added in current filing · view on EDGAR →
Non-GAAP income from operations was $24 million, compared to non-GAAP income from operations of $3 million in the first quarter of fiscal year 2026; non-GAAP operating margin was 11%, compared to 2% in the first quarter of fiscal year 2026
N ... on-GAAP net income was $22 million, compared to a non-GAAP net loss of $7 million in the first quarter of fiscal year 2026
Navan achieved non-GAAP operating income of $24 million with an 11% operating margin, up from $3 million and 2% margin in the prior-year quarter. Non-GAAP net income was $22 million versus a $7 million loss a year ago. On a GAAP basis, the operating loss was $18 million (8% margin) and net loss was $21 million, both improved from the prior year. The company highlighted meaningful gross and operating margin expansion driven by scale.
Added in current filing · view on EDGAR →
Unveiled Navan Anywhere: Enabling Navan customers to book wherever and however they want without friction by embedding Navan directly into the tools that employees already use every day. Travelers that have Gemini Enterprise and Navan at work will be able to book their travel with Navan through Gemini Enterprise. ... Launched New AI-Powered Features: Saving companies time and money through Travel Admin Companion, Expense Admin Companion, and Book with AI. Also launched AI-powered Audit Engine, which provides real-time protection against high-stakes threats. ... Announced New Distribution Capability (NDC) with Scandinavian Airlines (SAS): Unlocking savings by providing an expanded portfolio of SAS fares and services to Navan customers, as Navan became the first Travel Management Company (TMC) to access SAS NDC content via a direct connection.
Navan announced several product and partnership developments: Navan Anywhere embeds booking capabilities into tools like Gemini Enterprise; new AI-powered features include Travel Admin Companion, Expense Admin Companion, Book with AI, and an AI-powered Audit Engine; and a New Distribution Capability partnership with Scandinavian Airlines makes Navan the first TMC to access SAS NDC content via direct connection.
Event · Item 7.01 — Regulation FD Disclosure
Navan posted supplemental investor materials on its website under Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 10, 2026, the Company posted supplemental investor materials, including prepared remarks and a slide presentation, on its investors.navan.com website.
Navan disclosed that it posted supplemental investor materials, including prepared remarks and a slide presentation, on its investor relations website. This is a routine Regulation FD disclosure indicating the company is making information publicly available to all investors simultaneously.
Event · Item 2.02 — Results of Operations and Financial Condition
Navan announced Q1 FY2026 financial results via press release for the quarter ended April 30, 2026.
Added in current filing · verify on EDGAR →
On June 10, 2026, Navan, Inc. (the “Company”) issued a press release announcing financial results for the fiscal quarter ended April 30, 2026 and other business highlights.
Navan disclosed financial results for its fiscal quarter ended April 30, 2026 through a press release. The 8-K does not include the actual financial figures or business highlights in the body text; those details are contained in the attached press release exhibit.
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