Short answer
Navan, Inc. (NAVN) filed its Q2 2026 10-Q quarterly report on Jun 11, 2026 for the quarter ended Apr 30, 2026. Quarterly revenue was $220M with net income of −$21M.
Q2 2026 key financials · XBRL
- Revenue
- $220M
- Net income
- −$21M
- Operating margin
- -8.2%
- Gross margin
- 74.0%
- EPS (diluted)
- −$0.08
Source: XBRL data from the Navan, Inc. (NAVN) Q2 2026 10-Q on SEC EDGAR. USD.
Navan, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $220.2M, up 40% YoY from $157.5M
- Gross margin 74% vs 71% YoY; operating margin (8%) vs (10%)
- Usage-based revenue $202.1M, up 41%; subscription revenue $18.1M, up 26%
- GBV $3.1B, up 50%; payment volume $1.3B, up 29%
- Net loss $20.5M vs $61.3M; sales and marketing investment up 49% to $91.9M
Risk Factors
- Customer-support AI risk updated by Ava virtual-agent errors, hallucinations, incomplete outputs, or unintended actions
- Macroeconomic and travel-demand risk expanded to include tariffs, banking-system instability, geopolitical conflict, and recession
- Supplier risk from NDC adoption and direct-distribution strategies potentially reducing inventory, commissions, and usage-based revenue
- Ongoing operating-loss risk with $20.5 million net loss for three months ended April 30, 2026
- Business-travel demand risk from remote and hybrid work reducing discretionary corporate travel spending
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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