Navan, Inc. (NAVN) Form 8-K — Sep 9, 2026

$NAVNForm 8-KItems 2.02, 7.01, 9.01Filed Sep 9, 2026, 4:13 PM ET0001628280-26-061136Original filing

Navan reported strong Q2 fiscal 2027 results for the quarter ended July 31, 2026, with revenue of $233 million, up 35% year-over-year, and gross booking volume of $3.0 billion, up 45%. New signed GBV in its sales-led growth business hit a record $4.0 billion on a trailing-twelve-month basis, up 60% year-over-year. Profitability improved meaningfully: non-GAAP income from operations more than doubled to $17 million, non-GAAP net income was $14 million versus a year-ago loss, and free cash flow reached $21.5 million. GAAP net loss narrowed to $29 million from $39 million, though the GAAP operating loss widened to $26 million on sharply higher stock-based compensation.

Key figures

Eps: -$0.11 GAAP basic and diluted; $0.05 non-GAAP diluted
Revenue: 232790000
Guidance: Q3 FY27 revenue $253-255 million (+30% YoY at midpoint) with non-GAAP income from operations of $35.5-36.5 million (14% margin); FY2027 revenue $927-933 million (+32% at midpoint) with non-GAAP income from operations of $82-86 million (9% margin)
Net Income: -$29.1 million GAAP net loss; +$13.7 million non-GAAP net income
Total Debt: $125.0 million (notes payable $0.9M, ABL facility $6.0M, warehouse credit facility $118.2M)
Revenue Yoy: 35%
Total Assets: 1811068000
Cash Position: 653015000
Usage Revenue: $211 million, +35% YoY
Payment Volume: $1.3 billion in Q2, +34% YoY
Free Cash Flow Q2: 21498000
Gaap Gross Margin: 74%
Gross Booking Volume: $3.0 billion in Q2, +45% YoY
Non Gaa PGross Margin: 75%
Subscription Revenue: $21 million, +39% YoY
New Signed GBV TTM SLG: $4.0 billion, +60% YoY
Weighted Avg Shares Q2: 256369621
Non Gaa POperating Margin: 7%
Stock Based Compensation Q2: 43300000
Non Gaa PIncome From Operations: 17260000

Price after filing

1 day: 0.0%7 days: -15.4%30 days: -13.4%

Close on the filing date to close N calendar days later (from $26.64). Historical, not a forecast.

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