NAVN
Navan, Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Buy
+20/100
Last price
21.34
▼ 0.50 (2.29%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
21.84
Day high
22.17
Day low
21.16
Volume
1.70M
Market cap
$5.56B
P/E (TTM)
—
52W range
8.11 – 30.88
Trailing performance
Returnvs SPY
1W
+3.14%
+1.2%
1M
-23.18%
-24.3%
3M
-16.38%
-20.9%
6M
+71.27%
+53.1%
YTD
+24.94%
+10.7%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NAVN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-4.45M
Net selling
Buy transactions
20
1.18M shares
Sell transactions
14
5.63M shares
Net transactions
+34
Buys less sells
Sell : buy shares
4.8 : 1
Mixed
Insider-held shares
53.51M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 21, 26 | COHEN ARIEL M Chief Executive Officer |
SELL | 50.65K | $1.08M | Direct |
| Sep 21, 26 | TWIG ILAN EZRA Chief Technology Officer |
SELL | 36.04K | $766.72K | Direct |
| Sep 21, 26 | SINDICICH MICHAEL ERIC President |
SELL | 8.98K | $190.98K | Direct |
| Aug 27, 26 | COHEN ARIEL M Chief Executive Officer |
SELL | 393.38K | $11.86M | |
| Aug 27, 26 | COHEN ARIEL M Chief Executive Officer |
— | 225.00K | — | Indirect |
| Aug 20, 26 | KAVERIPATNAM SANDESH Director |
STOCK | 394 | $11.25K | Direct |
| Aug 20, 26 | LIANG CLARA Director |
STOCK | 438 | $12.51K | Direct |
| Aug 20, 26 | HOROWITZ BENJAMIN A Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 657 | $18.76K | Direct |
| Aug 20, 26 | ZEEV OREN Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 394 | $11.25K | Direct |
| Aug 20, 26 | WILLIAMS ANRE D. Director |
STOCK | 412 | $11.77K | Direct |
| Jul 8, 26 | LIGHTSPEED VENTURE PARTNERS X, L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 8.98K | $227.81K | Indirect |
| Jul 1, 26 | LIGHTSPEED VENTURE PARTNERS X, L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 10.57K | $260.53K | Indirect |
| Jun 25, 26 | WEISS SHAI Director |
STOCK | 4.15K | $0 | Direct |
| Jun 25, 26 | KAVERIPATNAM SANDESH Director |
STOCK | 9.96K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANDREESSEN HOROWITZ FUND V, L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
ANDREESSEN HOROWITZ LSV FUND I, L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
COHEN ARIEL M |
Chief Executive Officer | 1.04M | Sale |
HOROWITZ BENJAMIN A |
Director and Beneficial Owner of more than 10% of a Class of Security | 28.23M | Stock Award(Grant) |
JANMOHAMED ARIF |
Director | 2.92M | Stock Award(Grant) |
KAVERIPATNAM SANDESH |
Director | 8.63M | Stock Award(Grant) |
LIGHTSPEED VENTURE PARTNERS X, L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
NOLF AURELIEN PIERRE LEON |
Chief Financial Officer | 876.34K | Stock Award(Grant) |
TWIG ILAN EZRA |
Chief Technology Officer | 769.82K | Sale |
ZEEV OREN |
Director and Beneficial Owner of more than 10% of a Class of Security | 33.35M | Stock Award(Grant) |
Fundamentals
Market cap$5.56B
Enterprise value$4.91B
Revenue (TTM)$825.87M
Gross profit$599.53M
EBITDA$-161.02M
Net income$-347.77M
EPS (TTM)$-1.91
Free cash flow$114.02M
Total cash$820.04M
Total debt$170.22M
Book value / share$5.06
Shares outstanding245.33M
Float145.00M
Short % of float29.02%
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E53.43
PEG ratio—
Price / sales—
Price / book4.22
EV / revenue5.94
EV / EBITDA-30.48
Gross margin72.59%
Operating margin-11.69%
Profit margin-42.11%
Return on equity-49.39%
Return on assets-8.67%
Debt / equity12.94
Current ratio4.38
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | YoY |
|---|---|---|---|---|
| Total revenue | $702.26M | — | — | — |
| Operating revenue | $702.26M | — | — | — |
| Cost of revenue | $201.79M | — | — | — |
| Gross profit | $500.47M | — | — | — |
| Research & development | $151.24M | — | — | — |
| Selling, general & admin | $546.11M | — | — | — |
| Total operating expense | $697.35M | — | — | — |
| Operating income | -$196.88M | — | — | — |
| Net interest income | -$42.06M | -$70.38M | -$58.76M | +40.2% |
| Pre-tax income | -$395.92M | — | — | — |
| Tax provision | $2.11M | — | — | — |
| Net income | -$398.03M | — | — | — |
| Net income to common | -$398.03M | — | — | — |
| Basic EPS | -4.07 | — | — | — |
| Diluted EPS | -4.07 | — | — | — |
| EBIT | -$344.62M | — | — | — |
| EBITDA | -$284.38M | — | — | — |
| Basic shares | 97.80M | — | — | — |
| Diluted shares | 97.80M | — | — | — |
| Line item | 2026 | YoY |
|---|---|---|
| Cash & equivalents | $583.52M | |
| Cash & short-term investments | $740.51M | |
| Accounts receivable | $215.94M | |
| Total current assets | $1.31B | |
| Property, plant & equipment | $53.78M | |
| Goodwill & intangibles | $285.27M | |
| Total assets | $1.71B | |
| Total current liabilities | $320.94M | |
| Current debt | $584.00K | |
| Long-term debt | $124.21M | |
| Total debt | $174.35M | |
| Total liabilities | $500.70M | |
| Retained earnings | -$2.02B | |
| Shareholder equity | $1.21B | |
| Working capital | $986.05M | |
| Net tangible assets | $922.80M | |
| Shares issued | 249.17M |
| Line item | 2026 | YoY |
|---|---|---|
| Net income | -$398.03M | |
| Depreciation & amortisation | $60.25M | |
| Stock-based compensation | $182.09M | |
| Change in working capital | -$7.47M | |
| Operating cash flow | $33.67M | |
| Capital expenditure | -$18.91M | |
| Investing cash flow | -$203.03M | |
| Financing cash flow | $519.92M | |
| Free cash flow | $14.76M | |
| End cash position | $668.07M |
| Line item | 2026-07-31 | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $232.79M | $220.23M | $177.92M | $194.93M | $171.95M | +5.7% |
| Operating revenue | $232.79M | $220.23M | $177.92M | $194.93M | $171.95M | +5.7% |
| Cost of revenue | $60.32M | $57.18M | $52.13M | $57.08M | $46.91M | +5.5% |
| Gross profit | $172.47M | $163.06M | $125.79M | $137.85M | $125.04M | +5.8% |
| Research & development | $47.21M | $39.40M | $35.28M | $51.20M | $33.36M | +19.8% |
| Selling, general & admin | $153.00M | $141.77M | $180.00M | $165.90M | $103.94M | +7.9% |
| Total operating expense | $200.21M | $181.16M | $215.28M | $217.09M | $137.29M | +10.5% |
| Operating income | -$27.74M | -$18.11M | -$89.49M | -$79.24M | -$12.26M | -53.2% |
| Net interest income | $2.04M | $1.81M | $2.23M | -$14.52M | -$14.54M | +12.9% |
| Pre-tax income | -$26.28M | -$19.70M | -$82.16M | -$221.92M | -$35.06M | -33.4% |
| Tax provision | $2.83M | $802.00K | -$9.40M | $3.46M | $3.56M | +253.2% |
| Net income | -$29.12M | -$20.51M | -$72.76M | -$225.39M | -$38.62M | -42.0% |
| Net income to common | -$29.12M | -$20.51M | -$72.76M | -$225.39M | -$38.62M | -42.0% |
| Basic EPS | -0.11 | -0.08 | -0.29 | -4.58 | -0.16 | -37.5% |
| Diluted EPS | -0.11 | -0.08 | -0.29 | -4.58 | -0.16 | -37.5% |
| EBIT | -$23.38M | -$16.88M | -$78.37M | -$206.38M | -$19.43M | -38.5% |
| EBITDA | -$17.48M | -$11.16M | -$36.25M | -$200.47M | -$13.15M | -56.6% |
| Basic shares | 256.37M | 250.28M | 248.84M | 49.26M | 248.22M | +2.4% |
| Diluted shares | 256.37M | 250.28M | 248.84M | 49.26M | 248.22M | +2.4% |
| Line item | 2026-07-31 | 2026-04-30 | 2026-01-31 | 2025-10-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $653.01M | $518.38M | $583.52M | $809.08M | +26.0% |
| Cash & short-term investments | $820.04M | $680.58M | $740.51M | $809.08M | +20.5% |
| Accounts receivable | $212.48M | $226.42M | $215.94M | $220.04M | -6.2% |
| Total current assets | $1.40B | $1.31B | $1.31B | $1.38B | +6.8% |
| Property, plant & equipment | $47.02M | $50.75M | $53.78M | $52.61M | -7.3% |
| Goodwill & intangibles | $284.88M | $283.30M | $285.27M | $309.23M | +0.6% |
| Total assets | $1.81B | $1.71B | $1.71B | $1.79B | +5.7% |
| Total current liabilities | $321.03M | $305.05M | $320.94M | $307.10M | +5.2% |
| Current debt | $867.00K | $316.00K | $584.00K | $1.33M | +174.4% |
| Long-term debt | $124.17M | $124.17M | $124.21M | $205.30M | 0.0% |
| Total debt | $170.22M | $172.45M | $174.35M | $254.28M | -1.3% |
| Total liabilities | $495.41M | $477.56M | $500.70M | $573.84M | +3.7% |
| Retained earnings | -$2.06B | -$2.04B | -$2.02B | -$1.94B | -1.4% |
| Shareholder equity | $1.32B | $1.24B | $1.21B | $1.22B | +6.4% |
| Working capital | $1.08B | $1.01B | $986.05M | $1.07B | +7.3% |
| Net tangible assets | $1.03B | $953.32M | $922.80M | $909.59M | +8.1% |
| Shares issued | 259.90M | 252.57M | 249.17M | 248.59M | +2.9% |
| Line item | 2026-07-31 | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$29.12M | -$20.51M | -$72.76M | -$225.39M | -$38.62M | -42.0% |
| Depreciation & amortisation | $5.90M | $5.72M | $42.12M | $5.92M | $6.28M | +3.1% |
| Stock-based compensation | $41.86M | $37.31M | $47.00M | $99.18M | $18.65M | +12.2% |
| Change in working capital | $1.76M | -$33.58M | $26.57M | -$24.68M | -$5.33M | +105.2% |
| Operating cash flow | $25.19M | -$6.80M | $34.98M | -$6.09M | $233.00K | +470.5% |
| Capital expenditure | -$6.33M | -$4.75M | -$5.25M | -$5.27M | -$4.38M | -33.3% |
| Investing cash flow | $4.63M | -$28.73M | -$153.48M | -$38.49M | -$8.21M | +116.1% |
| Financing cash flow | $74.21M | $14.03M | -$110.71M | $624.02M | -$55.40M | +428.9% |
| Free cash flow | $18.85M | -$11.55M | $29.74M | -$11.36M | -$4.14M | +263.2% |
| End cash position | $748.46M | $645.01M | $668.07M | $895.25M | $315.54M | +16.0% |
Options analytics
Put / call volume
3.18
Put-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
2.50
-88.3% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
84
Contracts, this expiry
Put volume
267
Contracts, this expiry
Heaviest call OI
5.00
36 contracts
Heaviest put OI
5.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jul 2026 | 0.04 | 0.05 | +27.8% |
| Apr 2026 | 0.01 | 0.08 | +1,074.7% |
| Jan 2026 | -0.11 | 0.02 | +117.6% |
| Oct 2025 | -0.17 | 0.14 | +181.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.12 | 10 | $254.37M | +30.5% |
| Next quarter | 0.01 | 10 | $223.60M | +25.7% |
| Current year | 0.26 | 12 | $931.08M | +32.6% |
| Next year | 0.40 | 12 | $1.15B | +24.0% |
Analyst targets & ownership
Mean target$30.80
High target$38.00
Low target$26.00
Implied upside44.33%
Analyst count15
ConsensusSTRONG BUY
Strong buy / Buy4 / 11
Hold0
Sell / Strong sell0 / 0
Held by insiders20.55%
Held by institutions66.53%
Institutions holding279
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
20.63
+3.45% from price
SMA 20
21.29
+0.25% from price
SMA 50
25.49
-16.29% from price
SMA 100
24.00
-11.07% from price
SMA 200
18.68
+14.26% from price
EMA 12
21.35
-0.05% from price
EMA 26
22.58
-5.51% from price
EMA 50
23.61
-9.62% from price
RSI (14)
41.8
Neutral
MACD (12,26,9)
-1.23
Hist 0.30
ATR (14)
0.97
4.57% of price
Realised vol 30D
84.8%
Annualised
Bollinger upper
24.05
20, 2σ
Bollinger lower
18.53
20, 2σ
50 / 200 cross
Golden
25.49 vs 18.68
Trend bias
Above 200
+14.26%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.10
More volatile than market
Correlation to SPY
0.16
Largely independent
Realised vol 30D
84.8%
Annualised
Market vol 1Y
12.8%
SPY, annualised
Max drawdown 1Y
-58.0%
Peak to trough
Max drawdown 5Y
-58.0%
Peak to trough
ATR 14
0.97
4.57% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
10.28M
Prior 9.52M
Change vs prior
+7.9%
Shorts adding
% of float
29.02%
Heavily shorted
% of shares out
3.95%
Against total outstanding
Days to cover
2.7
Liquid
Float
145.00M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 10, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Sep 10, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Sep 10, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Sep 10, 26 | BTIG | MAINTAINED | Buy | Buy |
| Sep 2, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Aug 27, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 13, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jul 13, 26 | BNP Paribas | MAINTAINED | Outperform | Outperform |
| Jun 22, 26 | Needham | MAINTAINED | Buy | Buy |
| Jun 11, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jun 11, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jun 11, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-09-10
Corporate Changes & Voting Matters
8-K · 2026-09-09
Corporate Changes & Voting Matters
8-K · 2026-06-26
Offering Registrations
S-8 · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-06-10
Annual Report to Shareholders
ARS · 2026-05-12
Corporate Changes & Voting Matters
8-K · 2026-04-17
Periodic Financial Reports
10-K · 2026-04-02
Headlines
Best Application Software Stocks: Citi’s Latest Top Picks
Investing.com · 19h ago
Navan (NAVN) Raises its Outlook Again as Corporate Travel Keeps Booming
Insider Monkey · 11d ago
Navan Insider Sold Shares Worth $1,077,469, According to a Recent SEC Filing
MT Newswires · 13d ago
Navan’s (NAVN) Collaboration with Engine Offers New Lever for Platform Stickiness
Insider Monkey · 16d ago
Navan (NAVN) Stock Looks Pricey After A 31% Rise
Simply Wall St. · 17d ago
Navan (NAVN) Partners To Add More Flexible Corporate Travel Booking
Simply Wall St. · 17d ago
Navan's Strong Quarter Meets an AI Spending Reality Check
MarketBeat · 22d ago
Descope Partners With IDMWORKS To Accelerate Enterprise Adoption of Modern Customer and Agentic Identity
GlobeNewswire · 22d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.