Navan, Inc. (NAVN) Financial Statements

Income statement

Metric	TTM	2026	2025	2024
Revenue
Total Revenue	825.9M	702.3M	536.8M	402.3M
Cost of Revenue	226.7M	201.8M	194.4M	188.0M
Gross Profit	599.2M	500.5M	342.4M	214.3M
Operating Expenses
R&D Expense	173.1M	151.2M	102.8M	111.9M
SG&A Expense	640.7M	546.1M	347.3M	348.7M
General & Admin Expense	231.9M	203.4M	—	—
Selling & Marketing Expense	408.8M	342.7M	—	—
Other Expenses	—	—	—	—
Total Operating Expenses	813.7M	697.3M	450.1M	460.6M
Cost and Expenses	1.0B	899.1M	644.5M	648.6M
Operating Income (EBIT)	(214.6M)	(196.9M)	(107.6M)	(246.3M)
Non-Operating
Interest Income	16.6M	9.2M	—	—
Interest Expense	25.1M	51.3M	76.0M	63.3M
Net Interest Income	(8.4M)	(42.1M)	(76.0M)	(63.3M)
Other Non-Op Income/Expense	(135.5M)	(199.0M)	(63.9M)	(79.8M)
Non-Operating Income (excl Interest)	110.4M	147.7M	(12.1M)	16.5M
EBT (Pre-Tax Income)	(350.1M)	(395.9M)	(171.5M)	(326.1M)
Income Tax Expense	(2.3M)	2.1M	9.6M	5.4M
Bottom Line
Net Income	(347.8M)	(398.0M)	(181.1M)	(331.6M)
Earnings from Cont. Ops	(347.8M)	(398.0M)	(181.1M)	(331.6M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(347.8M)	(398.0M)	(181.1M)	(331.6M)
Per Share
Basic EPS	($1.39)	($1.60)	($0.73)	($1.34)
Diluted EPS	($1.39)	($1.60)	($0.73)	($1.34)
Revenue Per Share	$3.22	$2.82	$2.16	$1.62
Shares
Basic Shares Outstanding	256.4M	249.2M	248.2M	248.2M
Diluted Shares Outstanding	256.4M	249.2M	248.2M	248.2M
Profitability Metrics
EBITDA	(265.4M)	(284.4M)	(70.6M)	(236.0M)
D&A	59.7M	60.2M	24.9M	26.9M
EBIT	(325.0M)	(344.6M)	(95.5M)	(262.8M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026