Navan Hikes FY27 Revenue Guidance to $907–913M After 40% Q1 Growth
NAVN•Navan’s Q1 revenue rose 40% year-over-year to $220 million, driven by usage revenue climbing 41% to $202 million and subscription revenue growing 26% to $18 million. Gross booking volume surged 50% to $3.1 billion, payment volume hit $1.3 billion, non-GAAP net income reached $22 million, and FY27 revenue guidance was raised to $907–913 million.
1. Q1 Revenue and Profit
Navan’s first fiscal quarter revenue rose 40% year-over-year to $220 million, driven by usage revenue climbing 41% to $202 million and subscription revenue growing 26% to $18 million. The company posted non-GAAP net income of $22 million, reversing a $7 million net loss in the prior year.
2. Booking and Payment Volume
Gross booking volume reached a record $3.1 billion, up 50% year-over-year, while payment volume via Navan-issued cards increased 29% to $1.3 billion, reflecting sustained corporate travel activity.
3. Growth Drivers
Strong enterprise client onboarding and rollouts of AI-led features—such as the automated Audit Engine and Navan Anywhere integration—bolstered customer adoption and platform usage at scale.
4. Raised Outlook and Market Reaction
Navan raised Q2 revenue guidance to $219–221 million and full-year fiscal 2027 revenue outlook to $907–913 million. Shares jumped 19% in after-hours trading following the guidance boost.
