Loading...
•
Oct 31, 2025
Navan, Inc Q3 2025 Earnings Report
Navan reported strong third quarter results with 29% revenue growth and positive non-GAAP net income, despite a significant GAAP net loss driven by non-operational charges.
Key Takeaways
Navan achieved solid revenue growth and returned to non-GAAP profitability, bolstered by strong enterprise momentum and increased operating efficiency. GAAP losses widened due to debt extinguishment and fair value adjustments.
Revenue by Segment
Forward Guidance
Navan expects Q4 FY26 revenue to range from $161M to $163M with a non-GAAP operating loss of up to $15.5M. For the full year, revenue is expected to grow 28% with positive non-GAAP operating income.
Positive Outlook
- Revenue growth expected to continue at 23% YoY in Q4.
- Full-year revenue guidance raised to $685M–$687M.
- FY26 non-GAAP operating margin forecasted positive at 3%.
- Enterprise momentum continues with major new clients.
- Increased adoption of AI tools improving customer support efficiency.
Challenges Ahead
- Q4 expected to have a non-GAAP operating loss of up to $15.5M.
- GAAP profitability remains out of reach due to high stock-based compensation.
- Seasonality impacts Q4 performance versus Q3.
- Significant prior-year GAAP losses driven by non-operational charges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...