Key Takeaways:
- Navan posted Q1 EPS of $0.08, beating the -$0.01 consensus estimate.
- Revenue rose 40% YoY to $220.23M, topping the $205.27M Street forecast.
- The company raised its FY2027 revenue outlook to $907M-$913M.
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Navan beats Q1 estimates by $0.09, raises FY2027 revenue guidance
Navan Inc. reported Q1 revenue of $220.23 million and earnings of $0.08 per share, beating consensus estimates on both the top and bottom lines.
"The results validate our accelerating growth across the business and a 50% year-over-year increase in Gross Booking Volume," Chief Executive Officer Ariel Cohen said.
Usage revenue reached $202 million, up 41% from a year earlier, while subscription revenue rose 26% to $18 million. Payment volume grew 29% year-over-year to $1.3 billion. The company's gross booking volume hit $3.1 billion, a 50% increase from the prior-year period.
Navan raised its fiscal 2027 revenue forecast to a range of $907 million to $913 million, above the $884.47 million analyst estimate. The guidance raise signals management expects demand for the company's travel and expense management platform to continue accelerating.
Shares surged 17.9% to $24.60 in extended trading following the release. The stock has more than doubled over the past 12 months as the company transitions from a growth-stage startup to a profitable public company. Investors will watch the upcoming earnings call for updated margin targets and commentary on enterprise customer adoption.
This article is for informational purposes only and does not constitute investment advice.
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