Services-Prepackaged Software · SIC 7372

Navan, Inc.

NAVN

Watch

Latest revenue

$194.9M

as of 2025-10-31

Latest net income

$-225.4M

as of 2025-10-31

Net margin

-115.6%

as of 2025-10-31

7.9

of 10

ActaClear Score

Above avg

#7 of 227 in Services-Prepackaged Software

new

Profitability·25%

4.6

Growth·15%

8.9

Value·20%

9.6

Quality·20%

9.6

Momentum·20%

—

Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Prepackaged Software (227 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.

Community sentiment

Where do you think NAVN is heading?

1 month

6 months

12 months

5 years

Price · 5Y

▼ -3.5% / yr▼ 23.2 pts / yr vs S&P 500▼ 1.9% total

Compare:

Market data

Price feed temporarily unavailable for NAVN.

5-year trend

What this company does

ITEM 1. BUSINESS. Overview Navan is a global AI-powered business travel and expense platform. We leverage technology to reimagine business travel and deliver personalized experiences for users, efficiency and control for customers, and direct market access for suppliers—all powered by our proprietary AI framework, Navan Cognition. We identified the challenges of legacy travel and expense management systems, and built Navan on the premise that to win, all players in the ecosystem - users, customers, and suppliers - must be integrated on one platform with AI at its core. Our platform was built from the ground up to connect distinct stakeholders, and unify traditionally disparate product…

AI summary unavailable — showing raw filing excerpt

Generated from NAVN's filing dated 2026-04-02

Key risks

Table of Contents ITEM 1A. RISK FACTORS Investing in our Class A common stock involves a high degree of risk. You should consider carefully the risks and uncertainties described below, together with all of the other information in this Annual Report on Form 10-K, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” our consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K before deciding whether to invest in shares of our Class A common stock. Our business, financial condition, results of operations, or prospects could also be adversely affected by risks and uncertainties…

AI summary unavailable — showing raw filing excerpt

Generated from NAVN's filing dated 2026-04-02

Profitability

Gross margin

71.3%

4.2%

Operating margin

-28.0%

39.8%

Net margin

-56.7%

68.0%

Return on equity

-32.9%

316.0%

Return on assets

-23.3%

39.4%

Leverage

Debt / equity

0.41×

121.7%

Long-term debt / equity

0.10×

156.9%

Debt / assets

29.3%

86.0%

Earnings tracker

Quarter	Revenue	YoY	Net income	YoY	Net margin
Q4 2025 2025-10-31	$194.9M	+29.0%	$-225.4M	-438.2%	-115.6%
Q4 2024 2024-10-31	$151.1M	—	$-41.9M	—	-27.7%

Quarter

Revenue

YoY

Net income

YoY

Net margin

Q4 2025

2025-10-31

$194.9M

+29.0%

$-225.4M

-438.2%

-115.6%

Q4 2024

2024-10-31

$151.1M

—

$-41.9M

—

-27.7%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Services-Prepackaged Software · SIC 7372

Your notes

Keep private notes on NAVN — thesis, target price, catalysts to watch.

Visible only to you. Never shared. Never used to train AI.

Insider activity

Insider buying

$173.9M

Insider selling

$54.6M

Net activity

+$119.3M

Distinct insiders

Open-market trades over the last 365 days.

Recent transactions

Include grants & vests

Date	Insider	Type	Shares	Price	Value
2026-03-30	Anre D Williams Director	Purchase	100,000	$12.00	$1.2M
2026-03-20	Michael Eric Sindicich President	Sale	2,206	$8.62	$19.0K
2026-03-20	Ilan Ezra Twig Chief Technology Officer	Sale	49,210	$8.62	$424.3K
2026-03-20	Ariel M. Cohen Chairperson and CEO	Sale	151,007	$8.62	$1.3M
2026-03-03	Anne Mary Giviskos SVP, Strategic Finance and Chief Accounting Officer	Sale	31,150	$9.52	$296.6K
2026-01-28	Michael Eric Sindicich President	Sale	9,081	$13.85	$125.8K
2026-01-28	Michael Eric Sindicich President	Sale	268	$14.03	$3.8K
2026-01-28	Anne Mary Giviskos Interim CFO	Sale	77	$13.80	$1.1K
2026-01-28	Anne Mary Giviskos Interim CFO	Sale	2,598	$13.85	$36.0K
2026-01-07	Andreessen Horowitz LSV Fund I, L.P. / Andreessen Horowitz LSV Fund I-B, L.P. / Andreessen Horowitz LSV Fund I-Q, L.P. / AH Equity Partners LSV I, L.L.C. / Andreessen Horowitz LSV Fund II, L.P. / Andreessen Horowitz LSV Fund II-B, L.P. / Andreessen Horowitz LSV Fund II-Q, L.P. / AH Equity Partners LSV II, L.L.C. / Marc L Andreessen 10%+ owner	Purchase	46,337	$18.11	$839.2K
2026-01-07	Andreessen Horowitz LSV Fund III, L.P. / Andreessen Horowitz LSV Fund III-B, L.P. / AH Equity Partners LSV III, L.L.C. / AH 2022 Annual Fund, L.P. / AH 2022 ANNUAL FUND-B, L.P. / AH 2022 ANNUAL FUND-QC, L.P. / AH Equity Partners 2022 Annual Fund, L.L.C. / CLF Partners, LP 10%+ owner	Purchase	46,337	$18.11	$839.2K
2026-01-07	Andreessen Horowitz Fund V, L.P. / Andreessen Horowitz Fund V-A, L.P. / Andreessen Horowitz Fund V-B, L.P. / Andreessen Horowitz Fund V-Q, L.P. / AH Equity Partners V, L.L.C. / AH Parallel Fund V, L.P. / AH Parallel Fund V-A, L.P. / AH Parallel Fund V-B, L.P. / AH Parallel Fund V-Q, L.P. / AH Equity Partners V (Parallel), L.L.C. 10%+ owner	Purchase	46,337	$18.11	$839.2K
2026-01-07	Benjamin A Horowitz Director	Purchase	46,337	$18.11	$839.2K
2026-01-06	Andreessen Horowitz LSV Fund I, L.P. / Andreessen Horowitz LSV Fund I-B, L.P. / Andreessen Horowitz LSV Fund I-Q, L.P. / AH Equity Partners LSV I, L.L.C. / Andreessen Horowitz LSV Fund II, L.P. / Andreessen Horowitz LSV Fund II-B, L.P. / Andreessen Horowitz LSV Fund II-Q, L.P. / AH Equity Partners LSV II, L.L.C. / Marc L Andreessen 10%+ owner	Purchase	308,188	$16.74	$5.2M
2026-01-06	Andreessen Horowitz LSV Fund III, L.P. / Andreessen Horowitz LSV Fund III-B, L.P. / AH Equity Partners LSV III, L.L.C. / AH 2022 Annual Fund, L.P. / AH 2022 ANNUAL FUND-B, L.P. / AH 2022 ANNUAL FUND-QC, L.P. / AH Equity Partners 2022 Annual Fund, L.L.C. / CLF Partners, LP 10%+ owner	Purchase	308,188	$16.74	$5.2M
2026-01-06	Andreessen Horowitz Fund V, L.P. / Andreessen Horowitz Fund V-A, L.P. / Andreessen Horowitz Fund V-B, L.P. / Andreessen Horowitz Fund V-Q, L.P. / AH Equity Partners V, L.L.C. / AH Parallel Fund V, L.P. / AH Parallel Fund V-A, L.P. / AH Parallel Fund V-B, L.P. / AH Parallel Fund V-Q, L.P. / AH Equity Partners V (Parallel), L.L.C. 10%+ owner	Purchase	308,188	$16.74	$5.2M
2026-01-06	Benjamin A Horowitz Director	Purchase	308,188	$16.74	$5.2M
2026-01-05	Andreessen Horowitz LSV Fund I, L.P. / Andreessen Horowitz LSV Fund I-B, L.P. / Andreessen Horowitz LSV Fund I-Q, L.P. / AH Equity Partners LSV I, L.L.C. / Andreessen Horowitz LSV Fund II, L.P. / Andreessen Horowitz LSV Fund II-B, L.P. / Andreessen Horowitz LSV Fund II-Q, L.P. / AH Equity Partners LSV II, L.L.C. / Marc L Andreessen 10%+ owner	Purchase	202,729	$15.77	$3.2M
2026-01-05	Andreessen Horowitz LSV Fund III, L.P. / Andreessen Horowitz LSV Fund III-B, L.P. / AH Equity Partners LSV III, L.L.C. / AH 2022 Annual Fund, L.P. / AH 2022 ANNUAL FUND-B, L.P. / AH 2022 ANNUAL FUND-QC, L.P. / AH Equity Partners 2022 Annual Fund, L.L.C. / CLF Partners, LP 10%+ owner	Purchase	202,729	$15.77	$3.2M
2026-01-05	Andreessen Horowitz Fund V, L.P. / Andreessen Horowitz Fund V-A, L.P. / Andreessen Horowitz Fund V-B, L.P. / Andreessen Horowitz Fund V-Q, L.P. / AH Equity Partners V, L.L.C. / AH Parallel Fund V, L.P. / AH Parallel Fund V-A, L.P. / AH Parallel Fund V-B, L.P. / AH Parallel Fund V-Q, L.P. / AH Equity Partners V (Parallel), L.L.C. 10%+ owner	Purchase	202,729	$15.77	$3.2M
2026-01-05	Benjamin A Horowitz Director	Purchase	202,729	$15.77	$3.2M
2026-01-02	Andreessen Horowitz LSV Fund I, L.P. / Andreessen Horowitz LSV Fund I-B, L.P. / Andreessen Horowitz LSV Fund I-Q, L.P. / AH Equity Partners LSV I, L.L.C. / Andreessen Horowitz LSV Fund II, L.P. / Andreessen Horowitz LSV Fund II-B, L.P. / Andreessen Horowitz LSV Fund II-Q, L.P. / AH Equity Partners LSV II, L.L.C. / Marc L Andreessen 10%+ owner	Purchase	466,058	$16.27	$7.6M
2026-01-02	Andreessen Horowitz LSV Fund III, L.P. / Andreessen Horowitz LSV Fund III-B, L.P. / AH Equity Partners LSV III, L.L.C. / AH 2022 Annual Fund, L.P. / AH 2022 ANNUAL FUND-B, L.P. / AH 2022 ANNUAL FUND-QC, L.P. / AH Equity Partners 2022 Annual Fund, L.L.C. / CLF Partners, LP 10%+ owner	Purchase	466,058	$16.27	$7.6M
2026-01-02	Andreessen Horowitz Fund V, L.P. / Andreessen Horowitz Fund V-A, L.P. / Andreessen Horowitz Fund V-B, L.P. / Andreessen Horowitz Fund V-Q, L.P. / AH Equity Partners V, L.L.C. / AH Parallel Fund V, L.P. / AH Parallel Fund V-A, L.P. / AH Parallel Fund V-B, L.P. / AH Parallel Fund V-Q, L.P. / AH Equity Partners V (Parallel), L.L.C. 10%+ owner	Purchase	466,058	$16.27	$7.6M
2026-01-02	Benjamin A Horowitz Director	Purchase	466,058	$16.27	$7.6M
2025-12-29	Benjamin A Horowitz Director	Purchase	99,502	$16.16	$1.6M
2025-12-29	Andreessen Horowitz LSV Fund I, L.P. / Andreessen Horowitz LSV Fund I-B, L.P. / Andreessen Horowitz LSV Fund I-Q, L.P. / AH Equity Partners LSV I, L.L.C. / Andreessen Horowitz LSV Fund II, L.P. / Andreessen Horowitz LSV Fund II-B, L.P. / Andreessen Horowitz LSV Fund II-Q, L.P. / AH Equity Partners LSV II, L.L.C. / Marc L Andreessen 10%+ owner	Purchase	99,502	$16.16	$1.6M
2025-12-29	Andreessen Horowitz LSV Fund III, L.P. / Andreessen Horowitz LSV Fund III-B, L.P. / AH Equity Partners LSV III, L.L.C. / AH 2022 Annual Fund, L.P. / AH 2022 ANNUAL FUND-B, L.P. / AH 2022 ANNUAL FUND-QC, L.P. / AH Equity Partners 2022 Annual Fund, L.L.C. / CLF Partners, LP 10%+ owner	Purchase	99,502	$16.16	$1.6M
2025-12-29	Andreessen Horowitz Fund V, L.P. / Andreessen Horowitz Fund V-A, L.P. / Andreessen Horowitz Fund V-B, L.P. / Andreessen Horowitz Fund V-Q, L.P. / AH Equity Partners V, L.L.C. / AH Parallel Fund V, L.P. / AH Parallel Fund V-A, L.P. / AH Parallel Fund V-B, L.P. / AH Parallel Fund V-Q, L.P. / AH Equity Partners V (Parallel), L.L.C. 10%+ owner	Purchase	99,502	$16.16	$1.6M
2025-12-26	Benjamin A Horowitz Director	Purchase	229,917	$15.57	$3.6M

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns NAVN

Institutional value

$373.5M

Total shares held

28.4M

Distinct holders

-42 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#	Manager	Shares	Value	QoQ change	Action
1	COSMIC MANAGEMENT, LLC	7.1M	$94.5M	+0 (+0.0%)	No change
2	Napean Trading & Investment Co (Singapore) PTE Ltd	5.9M	$77.8M	+0 (+0.0%)	No change
3	Capital International Investors	3.8M	$50.1M	+1.4M (+55.5%)	Added
4	BlackRock, Inc.	2.8M	$37.4M	-2.0M (-40.8%)	Trimmed
5	VANGUARD CAPITAL MANAGEMENT LLC	1.6M	$20.8M	—	New
6	VANGUARD PORTFOLIO MANAGEMENT LLC	1.5M	$20.3M	—	New
7	UBS Group AG	1.5M	$19.7M	+953.9K (+178.6%)	Added
8	FRANKLIN RESOURCES INC	624.7K	$8.3M	+31.1K (+5.2%)	Added
9	TEACHER RETIREMENT SYSTEM OF TEXAS	500.4K	$6.6M	+386 (+0.1%)	Added
10	PB INVESTMENT PARTNERS, L.P.	388.8K	$5.1M	—	New
11	VANGUARD FIDUCIARY TRUST CO	264.7K	$3.5M	—	New
12	BIT Capital GmbH	229.8K	$3.0M	—	New
13	GF FUND MANAGEMENT CO. LTD.	229.0K	$3.0M	—	New
14	Walleye Capital LLC	221.1K	$2.9M	+110.5K (+100.0%)	Added
15	Lunate Capital Ltd	200.0K	$2.6M	+0 (+0.0%)	No change
16	JPMORGAN CHASE & CO	178.3K	$2.1M	+148.7K (+503.7%)	Added
17	ANTIPODES PARTNERS Ltd	134.3K	$1.8M	—	New
18	Board of Trustees of The Leland Stanford Junior University	110.6K	$1.5M	+0 (+0.0%)	No change
19	Bank of New York Mellon Corp	100.9K	$1.3M	+16.0K (+18.8%)	Added
20	Swiss National Bank	92.3K	$1.2M	—	New

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Navan, Inc.

ActaClear Score

Community sentiment

Price · 5Y

Market data

5-year trend

What this company does

Key risks

Profitability

Leverage

Earnings tracker

Industry trend

Your notes

Insider activity

Recent transactions

Who owns NAVN

Top institutional holders

Top questions investors are asking