Company Overview - Navan, Inc. (NASDAQ: NAVN) provides AI-powered travel and expense management software and conducted its IPO in October 2025, raising $750 million by selling 30 million shares at $25.00 per share [1]. Financial Performance - In its first quarterly financial results as a public company reported on December 15, 2025, Navan disclosed a GAAP net loss of $225 million, compared to a net loss of $42 million in the third quarter of fiscal year 2025 [1]. - The company's usage yield declined to 6.9% from 7.5% the previous year [1]. Stock Market Reaction - Following the financial results announcement and the news of the departure of Chief Financial Officer Amy Butte, Navan's stock price fell nearly 12% to close at $12.90 per share, significantly below its IPO price [1].
NAVN NOTICE: Investigation Launched into Navan, Inc. (NAVN), RGRD Law Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm