Navan, Inc. Class A Common Stock (NAVN)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $5.5B, Navan, Inc. Class A Common Stock's free cash flow of $15M (fiscal 2026) would need to grow about 45% a year for the stock to be worth today's price.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Navan, Inc. Class A Common Stock's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from NAVN's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Navan, Inc. Class A Common Stock's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | $402M | $537M | $702M |
| Net income | -$332M | -$181M | -$398M |
| Free cash flow | -$184M | -$67M | $15M |
| EPS (diluted) | -$7.44 | -$4.00 | -$4.07 |
| Operating margin | -61.2% | -20.1% | -28.0% |
Where the revenue comes from
Revenue by products, fiscal 2026.
Superinvestors who own NAVN
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $2M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
New position | $204,778 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by Navan, Inc. Class A Common Stock's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 7, 2026 | Benjamin A Horowitz |
46,337 | $18.11 | $839,163 |
| Jan 7, 2026 | Horowitz Lsv Fund I Andreessen |
46,337 | $18.11 | $839,163 |
| Jan 6, 2026 | Benjamin A Horowitz |
308,188 | $16.74 | $5M |
| Jan 6, 2026 | Horowitz Lsv Fund I Andreessen |
308,188 | $16.74 | $5M |
| Jan 5, 2026 | Benjamin A Horowitz |
202,729 | $15.77 | $3M |
| Jan 5, 2026 | Horowitz Lsv Fund I Andreessen |
202,729 | $15.77 | $3M |
| Jan 2, 2026 | Benjamin A Horowitz |
466,058 | $16.27 | $8M |
| Jan 2, 2026 | Horowitz Lsv Fund I Andreessen |
466,058 | $16.27 | $8M |
| Dec 29, 2025 | Horowitz Lsv Fund I Andreessen |
99,502 | $16.16 | $2M |
| Dec 29, 2025 | Benjamin A Horowitz |
99,502 | $16.16 | $2M |
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In the full deep dive
Questions
What growth does Navan, Inc. Class A Common Stock's stock price imply?
At a market value of $5.5B, Navan, Inc. Class A Common Stock would need its free cash flow to grow about 45% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price.
Are Navan, Inc. Class A Common Stock insiders buying the stock?
10 open-market insider purchases of NAVN in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Navan, Inc. Class A Common Stock?
2 of the superinvestors Investingly tracks hold NAVN in their latest 13F, including Cliff Asness, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.