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Navan, Inc. Class A (NAVN)
NASDAQ:NAVN
Earnings Data
Report Date
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Period Ending
―Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Q
Earnings Call Date:―|
% Change Since:
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Earnings Call Sentiment|Positive
The earnings call highlighted Navan's strong revenue growth, enterprise expansion success, high customer satisfaction, and record gross margin, driven by their AI platform. However, challenges include the CFO transition, negative free cash flow, seasonal business impacts, and a decline in usage yield.Company Guidance
Strong Revenue Growth
Revenue grew 29% year-over-year, with total revenue for the third quarter reaching $195 million.
Enterprise Expansion Success
Navan signed significant enterprise deals, including the second largest European deal in their history with a CAC40 company, and closed deals with companies like Frasers Group and Axel Springer.
High Customer Satisfaction
Customer satisfaction reached a high of 97%, with a Net Promoter Score (NPS) of 45, well above the industry average of 5.
Record Gross Margin
Non-GAAP gross margin expanded to 74% in Q3, an all-time high, driven by AI efficiencies and scale.
IPO Success
The successful IPO fortified Navan's balance sheet, improving their cost of capital and reducing interest expenses.
AI Platform and Future Developments
Navan Cognition, their AI platform, is a key asset, and the company is developing Navan Edge, an AI-powered travel booking experience for the future.
Increase in Direct Supplier Connections
Higher direct connections with suppliers are boosting bookings growth and providing better pricing and trust with travelers.
Navan, Inc. Class A (NAVN) Earnings, Revenues Date & History
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NAVN Earnings History
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FAQ
When does Navan, Inc. Class A (NAVN) report earnings?
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What is Navan, Inc. Class A (NAVN) earnings time?
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What is NAVN EPS forecast?
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