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Navan to Participate in the Needham Growth Conference
Businesswire· 2026-01-07 13:45
Core Insights - Navan, a leading all-in-one business travel, payments, and expense management platform, will have its CEO Ariel Cohen participate in a fireside chat at the Needham Growth Conference on January 13, 2026 [1] - The presentation will start at 10:15am ET and will be available via live webcast and replay on Navan's investor relations website [1] - Navan management will also be available for one-on-one and small group meetings with investors during the conference [2] Company Overview - Navan simplifies business travel for frequent travelers by providing a comprehensive platform that includes flight and hotel bookings, automated expense reconciliation, and 24/7 support [3] - The platform is designed to deliver an intuitive experience that benefits both travelers and finance teams [3]
Navan Joins Russell 2000® and Russell 3000® Indexes
Businesswire· 2025-12-22 14:15
PALO ALTO, Calif.--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today announced that it has been added to the broad-market Russell 3000® Index and the small-cap Russell 2000® Index, effective at the open of U.S. equity markets on December 22, 2025. The Russell 3000® Index is an equity index that tracks the performance of the largest 3,000 U.S. stocks by market capitalization. The Russell 2000® Index measures the perfor. ...
Why Navan Stock Just Crashed
The Motley Fool· 2025-12-16 16:16
Can Navan ever turn a profit? It's too soon to say.Navan (NAVN 18.69%) stock, which uses artificial intelligence to power software for "business travel, payments, and expense management," and which has been falling basically ever since its late-October IPO, took another tumble after reporting fiscal Q3 2026 earnings last night.As of 10:50 a.m. ET this morning, the stock is down 16.8%. Navan Q3 earningsNavan grew its revenue 29% year-over-year in Q3, to $195 million, with "usage" revenue of $180 million, and ...
Navan (NAVN) Bounces Back 9.6% From Lowest Price
Yahoo Finance· 2025-11-05 11:39
Core Insights - Navan Inc. (NASDAQ:NAVN) is experiencing a recovery in its stock price, bouncing back by 9.63% to close at $18.89 after hitting an intra-day low of $16.01 [1][3] - The closing price on Tuesday is 24% lower than its initial public offering (IPO) price of $25 [2] Company Overview - Navan Inc. operates as an all-in-one business travel, payments, and expense management platform, providing a streamlined experience for users booking flights and hotels [4] - The company successfully raised $923 million from its IPO, selling over 36.9 million shares at $25 each, with $750 million raised from the sale of 30 million shares by Navan and $123 million from existing shareholders [3]
Navan Announces Closing of Initial Public Offering
Businesswire· 2025-10-31 20:15
Core Viewpoint - Navan, Inc. has successfully closed its initial public offering (IPO), raising significant capital through the sale of Class A common stock at a price of $25.00 per share [1] Group 1: IPO Details - The IPO consisted of a total of 36,924,406 shares of Class A common stock [1] - Out of the total shares, 30,000,000 shares were sold by Navan, while 6,924,406 shares were sold by existing stockholders [1]
Navan Announces Pricing of Initial Public Offering
Businesswire· 2025-10-30 03:59
Core Viewpoint - Navan, Inc. has announced the pricing of its initial public offering (IPO) at $25.00 per share, indicating a significant step in its growth strategy as a business travel and expense management platform [1] Company Summary - The IPO consists of a total of 36,924,406 shares of Class A common stock, with 30,000,000 shares being sold by Navan and 6,924,406 shares sold by existing stockholders [1] - Navan will not receive any proceeds from the shares sold by existing stockholders, which may impact its capital structure and future funding strategies [1]
Navan, corporate travel and expense startup, files for initial public offering
CNBC· 2025-09-19 20:46
Company Overview - Navan, a startup focused on business travel, payments, and expense management, has filed to go public on the Nasdaq Global Select Market under the symbol "NAVN" [1] - The company reported trailing 12-month revenue of $613 million, reflecting a 32% increase, and gross bookings of $7.6 billion, which is a 34% increase [1] Financial Performance - Navan's revenue growth is supported by a customer base of over 10,000 [1] - The IPO market has seen a resurgence, with deal activity up 56% this year, indicating a favorable environment for Navan's public offering [3] Market Context - The IPO market has raised $30 billion this year, up over 23% year over year, marking the best year for IPOs since 2021, although still below the peaks of the Covid offering boom [3] - Other notable companies in the IPO space include AI firms and highly valued startups like Klarna and Figma, suggesting a competitive landscape for Navan [4] Investor Sentiment - Increased investor appetite is expected to drive more startups to pursue public offerings, with the Renaissance IPO ETF up 20% this year [5] - Navan aims to disrupt the business travel sector, which has been characterized by outdated tools and fragmented workflows [5] Underwriters - Goldman Sachs and Citigroup are acting as lead book-running managers for Navan's proposed offering [2]