Navan reports Q4 adjusted EPS 2c vs (73c) last year

Reports Q4 revenue $178M, consensus $162.25M. “Q4 was a landmark quarter for Navan (NAVN), marked by 35% revenue growth and a 1,100 basis point expansion in non-GAAP operating margin,” said Navan co-founder and CEO, Ariel Cohen. “Our AI-first platform is winning the enterprise market by replacing fragmented legacy systems with a unified, scalable solution. Between the launch of Navan Edge and the announcement that we will be migrating customers off of our R&M service model onto our core infrastructure, we are turning high-touch service into a high-scale, high-margin engine. With record-breaking go-to-market momentum, we believe we are better positioned than ever to redefine the travel and expense industry.”