Navan (NAVN) Stock Jumps 23% After Hours — Here's Why
Navan Inc. (NASDAQ:NAVN) jumped 22.95% in after-hours trading on Wednesday to $11.25.
NAVN closed the regular session up 7.52% at $9.15, according to Benzinga Pro.
The stock move followed the California-based company's fourth-quarter and full-year fiscal 2026 results for the period ended on Jan. 31, which were reported on Wednesday.
What Do The Q4 Results Say?
Navan reported the following fourth-quarter metrics, compared with the same quarter of the prior year:
| Metric | Q4 Current Year | Prior-Year Q4 |
|---|---|---|
| Revenue | $178 million | ~$132 million |
| Gross Booking Volume (GBV) | $2.3 billion | ~$1.6 billion |
| Non-GAAP gross margin | 72% | 68% |
| Non-GAAP net income / (loss) | $5.2 million | −$33 million |
The company's year-over-year revenue rose 35%, while its gross booking volume grew 42%.
Fiscal 2026 Full-Year Results
Full-year for the AI-powered business travel and expense management platform revenue rose 31% to $702 million. Non-GAAP operating income was $37 million, compared with a $25 million loss in fiscal 2025.
Navan generated $14.8 million in free cash flow, while operating cash flow totaled $33.7 million, up from a $50.4 million outflow a year earlier.
The GAAP net loss widened to $398 million, reflecting $118 million in debt extinguishment charges.
What Does the Guidance Say?
Navan guided first-quarter fiscal 2027 revenue to $204 million to $206 million, representing roughly 30% year-over-year growth, with non-GAAP operating income of $4.5 million to $5.5 million.
For the full year, the company projects fiscal 2027 revenue of $866 million to $874 million and non-GAAP operating income of $58 million to $62 million, targeting a 7% non-GAAP operating margin, up from 5% in fiscal 2026.
Chief Financial Officer Aurélien Nolf said, “We enter FY’27 with a strong balance sheet and a clear path to continue expanding margins while investing in high-conviction innovation.”
Trading Metrics, Technical Analysis
Navan has a market capitalization of $2.28 billion, with a 52-week high of $22.75 and a 52-week low of $8.12.
NAVN has faced a challenging 12 months, with its stock falling 54.25%.
Currently, the mid-cap stock is about 7% above its 52-week low, indicating it is near the low end of its annual range.
Benzinga's Edge Stock Rankings indicate that BZAI has a negative price trend across all time frames.
Image via Shutterstock/ ZCOOL HelloRF
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.