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Navan (NAVN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Navan
NasdaqGS•Technology•Software - Application
$22.53+0.11(<0.01%)Pre-market
Market Cap
$5.67B
P/S
4.9x
P/B
4.3x

Navan, Inc. operates an AI-powered software platform to simplify the travel and expense experience, benefiting users, customers, and suppliers. The company offers AI-powered travel, payments, and expense management solutions to streamline the travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. It serves finance, human resources, travel managers, inventory, and other markets. It has partnership with OpenTable Partner for AI-Powered Business Travel Planning. Navan, Inc. was formerly known as TripActions, Inc. and changed its name to Navan, Inc. in February 2023. The company was incorporated in 2015 and is based in Palo Alto, California.

D

How this company scores

WeakMetricSide Score: 38/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (6/25).

Profitability9/25
Growth8/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality6/25
Strengths
Interest easily coveredNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 4.9x5y range 4.9x – 4.9x
P/S 4.9x
P/B · 4.3x5y range 0.9x – 4.3x
P/B 4.3x · above its 4-quarter median

Currently above its 4-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume
Market Cap $5.67B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.16B
Q. Revenue
$232.79M
TTM EBITDA
$-168.69M
TTM Op. Income
$-240.56M
Q. Op. Income
$-25.57M
TTM Net Income
$-447.65M
Q. Net Income
$-29.12M
EPS
$-0.11
Shares Out.
$256.37M
2Q

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
74.1%
3Q
EBITDA Margin
-8.4%
Op. Margin
-11.0%
Net Margin
-12.5%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
4.9x
P/B Ratio
4.3x
2Q
P/S of 4.9x and P/B of 4.3x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.81B
2Q
Cash
$653.01M
Long-Term Debt
N/A
2Q
Book Value
$1.32B
2Q
D/E Ratio
N/A
2Q
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$25.19M
TTM Free Cash Flow
$50.11M
FCF Margin
4.3%
FCF / Net Income
-0.1
TTM FCF of $50.11M on $25.19M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 0% — an improving trend.

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Cash Burn

Watch

FCF turned negative in 2 of the last 4 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 160.2% — significant dilution, likely from stock compensation or capital raises.