• Like
  • Comment
  • Favorite

Navan Stock Soars On Q1 Earnings Beat, Raised Guidance

Benzinga06-11

Navan Inc.  (NASDAQ:NAVN) posted its first-quarter results after Wednesday’s closing bell, beating analyst estimates on the top and bottom lines.

Here's a look at the details inside the report. 

  • NAVN stock is moving. Watch the price action here.

Navan Q1 Details       

Navan reported quarterly earnings of eight cents per share, which beat the consensus estimate for a loss of one cent, according to Benzinga Pro data.

Quarterly revenue clocked in at $220.23 million, which beat the Street estimate of $205.27 million and was up from $157.46 million in the same period last year.

The company reported the following first-quarter metrics:

  • Usage revenue was $202 million, an increase of 41% year-over-year
  • Subscription revenue was $18 million, an increase of 26% year-over-year
  • Gross Booking Volume grew 50% year-over-year, to $3.1 billion in the quarter
  • Payment Volume grew 29% year-over-year, to $1.3 billion in the quarter

“Navan kicked off fiscal 2027 with an outstanding first quarter, driven by accelerating growth across the business and a 50% year-over-year increase in Gross Booking Volume,” said Ariel Cohen, Navan CEO.

Read Also: 3 Under-The-Radar Defense Tech Stocks — Small Caps With Real Pentagon Contracts

Looking Ahead

Navan raised its fiscal 2027 revenue outlook to a new range of $907 million to $913 million, versus the $884.47 million analyst estimate.

NAVN Stock Price Activity: According to data from Benzinga Pro, Navan stock climbed 17.87% to $24.60 in Wednesday's extended trading.  

Photo: Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24