Why Is Navan Stock Rallying Over 20% Today?

• The rise in quarterly revenue was helped by a jump in subscription revenue and payment volumes during the quarter.
• The company reported Q4 adjusted net income of $5 million, compared to an adjusted net loss of $33 million in the Q4 of fiscal year 2025. 
• For the first quarter of fiscal year 2027, Navan currently expects total revenue in the range of $204 million - $206 million.

Navan (NAVN) shares jumped 20% on Wednesday after the business travel and expense management platform reported its fourth quarter revenue above Wall Street estimates. 

NAVN reported total revenue of $178 million in Q4, an increase of 35% year-over-year. It comfortably beat analysts' estimates of $162.2 million, according to data from Stocktwits. 

The rise in quarterly revenue was helped by a jump in subscription revenue and payment volumes during the quarter. NAVN’s subscription revenue was $17 million, an increase of 29% year-over-year, and its payment volume grew 19% year-over-year to $1.0 billion in the quarter.

The company reported Q4 adjusted net income of $5 million, compared to an adjusted net loss of $33 million in the Q4 of fiscal year 2025. 

“Q4 was a landmark quarter for Navan, marked by 35% revenue growth and a 1,100 basis point expansion in non-GAAP operating margin,” said Navan co-founder and CEO, Ariel Cohen. 

Outlook

For the first quarter of fiscal year 2027 (ending April 30, 2026), Navan currently expects total revenue in the range of $204 million - $206 million, representing year-over-year growth of 30% at the midpoint. 

NAVN for fiscal year 2027 expects adjusted income from operations in the range of $58 million - $62 million and adjusted operating margin of 7% at the midpoint.

For the fiscal year 2027 (ending January 31, 2027), Navan currently expects total revenue in the range of $866 million - $874 million, representing year-over-year growth of 24% at the midpoint. 

Retail Reaction

Retail sentiment around NAVN trended in ‘extremely bullish’ territory amid ‘high’ message volume. 

One bullish user on Stocktwits praised the company's earnings. 

Shares in the company have fallen 46% so far in 2026. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.