Navan Guides FY27 Revenue Above $900M, Operating Profit $76M-$80M

Navan (NAVN) told analysts it expects fiscal 2027 revenue of $907 million to $913 million, with non-GAAP operating profit of $76 million to $80 million. The guidance came on the company's first-quarter earnings call, where management also reported 50% bookings growth and raised the full-year outlook.

The travel and payments platform posted Q1 revenue of $207 million, up from $138 million a year earlier. Adjusted EBITDA came in at $18 million, compared with $9 million in the same quarter last year. The company said the margin improvement reflected higher-margin payments volume and operating leverage in its corporate travel segment.

Management attributed the bookings acceleration to AI-driven features in its expense and travel management tools, which they said were driving adoption among mid-market and enterprise clients. The payments business, which processes transactions for corporate travel bookings, grew faster than the travel segment itself, executives said.

Navan raised its full-year revenue guidance to a range of $907 million to $913 million, up from a prior forecast of $890 million to $900 million. The non-GAAP operating profit forecast of $76 million to $80 million implies an operating margin of roughly 8.5% at the midpoint, up from about 6% in fiscal 2026.

The company ended the quarter with $1.2 billion in cash and marketable securities. It did not provide a specific timeline for when it expects to reach GAAP profitability.

Shares of Navan rose 8% in after-hours trading following the release.