Navan, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (NAVN)
Businesswire·2026-01-13 23:00

Group 1 - The law firm Kirby McInerney LLP is investigating potential claims against Navan, Inc. regarding possible violations of federal securities laws or unlawful business practices by the Company or its senior management [1] - Navan conducted its initial public offering on October 30, 2025, selling approximately 36.9 million shares at $25.00 per share [2] - In its third quarter fiscal 2026 financial results released on December 15, 2025, Navan reported a GAAP loss from operations of $79 million, compared to a loss of $19 million in the same period the previous year, indicating a significant decline in operational performance [2] - The GAAP operating margin for Navan was reported at (41%), a decrease from (13%) in the same period last year, highlighting worsening profitability [2] - Following the announcement of the CFO's immediate resignation and the associated financial benefits, Navan's share price fell by $1.74, or approximately 11.9%, closing at $12.90 on December 16, 2025 [2]