Navan Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024
Revenue	656.34	536.84	402.26
Revenue Growth (YoY)	63.17%	33.46%	-
Cost of Revenue	192.41	169.82	162.62
Gross Profit	463.93	367.02	239.63
Selling, General & Admin	456.57	352.27	353.53
Research & Development	147.56	122.39	132.44
Operating Expenses	604.13	474.66	485.98
Operating Income	-140.2	-107.64	-246.34
Interest Expense	-69.96	-76	-63.28
Other Non Operating Income (Expenses)	-38.91	12.13	-23.2
EBT Excluding Unusual Items	-242.33	-171.51	-332.82
Other Unusual Items	-117.98	-	6.7
Pretax Income	-360.31	-171.51	-326.12
Income Tax Expense	11.61	9.57	5.43
Net Income	-371.92	-181.08	-331.55
Net Income to Common	-371.92	-181.08	-331.55
Shares Outstanding (Basic)	47	45	45
Shares Outstanding (Diluted)	47	45	45
Shares Change (YoY)	4.36%	1.54%	-
EPS (Basic)	-7.99	-4.00	-7.44
EPS (Diluted)	-7.99	-4.00	-7.44
Free Cash Flow	-11.06	-51.4	-166.92
Free Cash Flow Per Share	-0.24	-1.14	-3.74
Gross Margin	70.68%	68.37%	59.57%
Operating Margin	-21.36%	-20.05%	-61.24%
Profit Margin	-56.67%	-33.73%	-82.42%
Free Cash Flow Margin	-1.69%	-9.57%	-41.50%
EBITDA	-130.62	-97.65	-233.28
EBITDA Margin	-19.90%	-18.19%	-57.99%
D&A For EBITDA	9.58	9.99	13.06
EBIT	-140.2	-107.64	-246.34
EBIT Margin	-21.36%	-20.05%	-61.24%
Advertising Expenses	-	22.3	12.4

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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