Navan, Inc. earnings

Navan reported fiscal 2027 second quarter revenue of $232.79 million, up 35.4% from $171.95 million in the prior-year quarter. Year-to-date revenue was $453.02 million, up 37.5%. Gross profit reached $172.47 million, up 37.9%, and gross margin was 74.1%, up from 72.7% a year earlier.

Navan reported first quarter fiscal 2027 revenue of $220.23 million, up 39.9% from the prior-year quarter. Gross profit reached $163.06 million, up 45.9%, and gross margin expanded to 74.0%, up 3.0 percentage points. Non-GAAP gross profit was $165 million, with a non-GAAP gross margin of 75%.

Navan closed fiscal 2026 with a sharp acceleration in revenue and its first full year of positive operating cash flow. Fourth quarter revenue was $177.9 million, up 34.8% from the prior-year quarter. Full-year revenue reached $702.3 million, up 30.8%.

Navan's fiscal 2026 third quarter was its first report as a public company, and the top line carried the story. Revenue rose 29.0% year over year to $194.93 million in the quarter ended October 31, 2025, while gross profit rose 29.3% to $137.85 million.