• Reported GAAP EPS of -$0.29 up 71.84% YoY • Reported revenue of $177.92M up 34.79% YoY • Navan expects full fiscal year 2027 total revenue to be in the range of $866M, representing 24% year-over-year growth at the midpoint, with non-GAAP income from operations projected at $58M.
Bullish
Navan reported strong Q4 FY26 revenue growth and significant non-GAAP operating margin expansion; the company also achieved positive cash flows from operating activities and free cash flow for the full fiscal year.
Bearish
Navan experienced increased GAAP operating and net losses in Q4 FY26, with GAAP operating margin deteriorating; the company also faces risks in market growth and customer retention amidst competition.