Navan Q4 Earnings Call Highlights

Cohen said the company generated positive free cash flow for the first time in its history and did so “a year ahead of our plan.” Nolf also emphasized liquidity, saying Navan ended the year with $741 million in cash and short-term investments and $125 million in debt, which he said was mainly related to the expense business.On profitability, Nolf noted GAAP operating margin was negative 50% in Q4, primarily due to a “strategic one-time move” to retire the Reed & Mackay brand for new sales, which resulted in ...