Raised fiscal 2027 revenue outlook to USD 927-933 million; Q3 forecast calls for USD 253-255 million revenue and non-GAAP operating income of USD 35.5-36.5 million.
Quarterly results
Navan reported Q2 fiscal 2027 revenue of USD 233 million, up 35% year over year; gross booking volume climbed 45% to USD 3 billion.
GAAP operating loss widened to USD 26 million, while non-GAAP operating income more than doubled to USD 17 million.
GAAP net loss narrowed to USD 29 million; non-GAAP net income was USD 14 million versus a loss a year earlier.
Payment volume increased 34% to USD 1.3 billion; free cash flow turned positive at USD 21.5 million.
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