Navan, Inc. income statement

In fiscal 2026, Navan, Inc. reported revenue of $702m, up 30.8% on the year before, operating income of −$197m (a -28.0% margin) and net income of −$398m, or −$4.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Navan, Inc.: income statement, annual
Fiscal year	2024Jan 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Revenue	402	537	702	826
Cost of revenue	163	170	202	227
Gross profit	240	367	500	599
Research and development	132	122	151	173
Selling and marketing	221	219	343	409
General and administrative	133	134	203	232
Operating income	−246	−108	−197	−212
Interest expense	63	76	51	25
Provision for credit losses	9	6	9	11
Income before tax	−326	−172	−396	−350
Income tax	5	10	2	−2
Net income	−332	−181	−398	−348
Diluted EPS	−$7.44	−$4.00	−$4.07	—
Diluted shares (average)	45m	45m	98m	—
EBITDA	−219	−83	−137	−153

US$ millions unless shown otherwise. Fiscal quarters.

Navan, Inc.: income statement, quarterly
Quarter	2025 Q3Oct 2024	2025 Q4Jan 2025	2026 Q1Apr 2025	2026 Q2Jul 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1Apr 2026	2027 Q2Jul 2026
Revenue	151	132	157	172	195	178	220	233
Cost of revenue	45	43	46	47	57	52	57	60
Gross profit	107	89	112	125	138	126	163	172
Research and development	33	32	31	33	51	35	39	47
Selling and marketing	58	57	62	68	95	117	92	105
General and administrative	35	33	34	35	71	63	50	48
Operating income	−19	−33	−16	−12	−79	−89	−18	−26
Interest expense	20	18	16	16	16	4	3	3
Provision for credit losses	—	1	2	2	2	2	2	4
Income before tax	−37	−47	−57	−35	−222	−82	−20	−26
Income tax	5	0	4	4	3	−9	1	3
Net income	−42	−47	−61	−39	−225	−73	−21	−29
Diluted EPS	−$0.92	−$1.03	−$1.33	−$0.83	−$4.58	$2.87	−$0.08	−$0.11
EBITDA	—	−27	−10	−6	−73	−47	−12	−20

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: ASAN vs NAVN NAVN vs RAMP BRZE vs NAVN

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Navan, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Navan, Inc.