Filing Flows › Navan (NAVN) › Q1 FY27 › vs Q4 FY26
Navan (NAVN) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Navan's revenue rose $42.3M (+24%) from $178M in Q4 FY26 to $220M in Q1 FY27. The biggest changes: Usage-based revenue +$41.3M (+26%); Subscription revenue +$975K (+6%).
Navan, Q1 FY27: revenue $220M (+40% year over year), operating margin -8.2%, net loss $20.5M, operating cash flow −$6.8M. The chart draws each line against Q4 FY26, the increases inside each band.
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Usage-based revenue | $202M | $161M | $41.3M | +26% |
| Subscription revenue | $18.1M | $17.1M | $975K | +6% |
| Revenue | $220M | $178M | $42.3M | +24% |
| Net loss | $20.5M | $72.8M | −$52.3M | -72% |
| Costs & expenses | $241M | $267M | −$26.7M | -10% |
| Operating costs | $238M | $267M | −$29.1M | -11% |
| Interest & other, net | $1.6M | −$7.3M | $8.9M | — |
| Income tax | $802K | −$9.4M | $10.2M | — |
| Cost of revenue | $57.2M | $52.1M | $5.0M | +10% |
| Research & development | $39.4M | $35.3M | $4.1M | +12% |
| Sales & marketing | $91.9M | $117M | −$25.4M | -22% |
| General & admin | $49.9M | $62.7M | −$12.8M | -20% |
| Operating cash sources | $49.8M | $54.1M | −$4.3M | -8% |
| Depreciation & amortization | $5.7M | $42.1M | −$36.4M | -86% |
| Share-based compensation | $37.3M | $47.0M | −$9.7M | -21% |
| Cash used in operations | $6.8M | −$35.0M | $41.8M | — |
| Net loss absorbed | $20.5M | $72.8M | −$52.3M | -72% |
| Working capital & other | $29.3M | −$18.6M | $47.9M | — |
Questions
How much did Navan's revenue grow quarter over quarter in Q1 FY27?
Navan's revenue rose $42.3M (+24%) from $178M in Q4 FY26 to $220M in Q1 FY27.
What drove Navan's revenue change in Q1 FY27?
Usage-based revenue +$41.3M (+26%); Subscription revenue +$975K (+6%).