Navan, Inc. (NASDAQ:NAVN) stock climbed Friday as investors positioned ahead of the company’s upcoming quarterly earnings.The move reflects expectations that steady business travel demand, expanding expense-management subscriptions, and early traction in its AI-driven platform could support near-term revenue momentum.Navan will report its third-quarter fiscal 2026 financial results after the U.S. financial markets close on Monday, December 15, 2025.Also Read: Coinbase Reportedly To Rival Polymarket, Kalshi ...

Core Thesis - Yext, Inc. is experiencing a significant business transformation, highlighted by a take-private proposal from CEO Michael Walrath at $9 per share, which represents an 11.2% premium and is viewed as a potential floor price by investors [2][4] Business Developments - The company has made two transformative acquisitions, Hearsay Systems and Places Scout, enhancing its capabilities in digital client engagement, structured data, and search analytics [2] - The launch of Yext Scout, an AI-driven visibility and benchmarking platform, is expected to provide real-time insights across various search platforms, including ChatGPT and Gemini [2] Financial Performance - Yext has shown strong early momentum with over 1,000 waitlist sign-ups and renewed customer interest, alongside back-to-back quarters of double-digit revenue growth [3] - The company has achieved record Adjusted EBITDA margins above 23% and steady Annual Recurring Revenue (ARR) expansion [3] - Valuation metrics indicate an undemanding position for the software platform, with an EV/Adjusted EBITDA of approximately 9–10x and a sales multiple of around 2x [3] Shareholder Dynamics - Major shareholders, including Lead Edge Capital and Lynrock Lake, may advocate for a higher bid, potentially attracting additional bidders [4] - The current $9 offer is seen as a floor, with expectations for an increase to $9.75 or higher due to strategic momentum and investor alignment [4]

Core Insights - The company experienced sustained momentum entering 2025, following a record fiscal 2024 with a $6 million year-over-year improvement in adjusted EBITDA and expanded gross margin [4] - Q2 2025 marked the fifth consecutive quarter of positive adjusted EBITDA, approximately $1 million, representing a 24% year-over-year increase, with gross margin expanding to 48% from 45.5% in Q2 2024 [5] - The first half of 2025 saw gross margin nearly reaching 50%, up from 44.9% in the same period last year, indicating scalability and operating leverage of the AI-driven platform [5] - A significant milestone in SaaS adoption was achieved in Q2, with the signing of the largest SaaS contract to date, involving the implementation of VIQ's NetScribe platform across 9 judicial entities [6]

Core Insights - Creatd's aviation subsidiary, Flyte, has launched a new offering called Empty Legs, which provides pre-scheduled one-way flights at significantly reduced rates, aiming to monetize aircraft repositioning and lower costs for consumers [3][5] - The Empty Legs program offers discounts of up to 90% compared to traditional charter rates, targeting first-time private flyers and cost-conscious corporate travelers [5][7] - The initiative is expected to generate high-margin revenue and provide valuable data insights for future scheduled services, particularly for Vision Jet routes [6][10] Pricing and Revenue Model - Flyte's Empty Legs program allows the conversion of unavoidable repositioning expenses into a profitable revenue stream, with minimal variable costs [5] - Each booking serves as a data point for real-world demand, guiding the development of future ticket-based services [6][10] Market Strategy - Flyte is collaborating with a select group of Part 135 operators to enhance route coverage without increasing fleet capital, leveraging operational data to inform service rollout [8][9] - The program aims to refine pricing algorithms and deepen partnerships with operators, facilitating the launch of scheduled Vision Jet shuttles [10] Customer Experience - Passengers using the Empty Legs service will enjoy private-terminal access, expedited boarding, and amenities comparable to full-fare charters [9] - The inventory for Empty Legs is searchable in real-time via Flyte's web app, maximizing seat absorption and data capture [9]