Navan revenue up 40% to $220 million in Q1; raises FY2027 revenue outlook
Navan reported first quarter fiscal 2027 results for the quarter ended April 30, 2026, with revenue of $220 million, up 40% year-over-year, and Gross Booking Volume up 50% to $3.1 billion. The company raised its fiscal 2027 revenue growth outlook to 30% at the midpoint, from 24% previously, and GAAP net loss narrowed to $21 million from $61 million, while the GAAP operating loss widened slightly to $18 million from $16 million.
Key points
- Total revenue was $220 million, up 40% year-over-year; Gross Booking Volume rose 50% to $3.1 billion.
- GAAP net loss was $21 million, versus $61 million a year earlier; GAAP loss from operations was $18 million, versus $16 million.
- Fiscal 2027 revenue guidance raised to $907 million to $913 million, or 30% growth at the midpoint, from 24% previously.
- Second quarter fiscal 2027 revenue guidance is $219 million to $221 million; non-GAAP income from operations is $13.5 million to $14.5 million.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2026.
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