Filing Flows › Navan (NAVN) › Q1 FY27
Navan (NAVN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 11, 2026
Navan (NAVN) reported revenue of $220M for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +24% from the quarter before. Operating margin was -8.2%, net loss $20.5M (9.3% of revenue).
Navan, Q1 FY27: revenue $220M (+40% year over year), operating margin -8.2%, net loss $20.5M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | +24% | +40% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$20.5M | — | — |
| Operating cash flow | −$6.8M | -119% | — |
What changed
Revenue was $220.2M in Q1 FY27, up 40% year over year and up 24% from the previous quarter. Usage-based revenue was the largest line at 92% of revenue. Usage-based revenue added $59.0M year over year (up 41%), 94% of the total change.
Gross margin was 74.0%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $18.1M, an operating margin of -8.2%. Operating expenses grew 42% against revenue growth of 40%. The fastest-growing cost line was Sales & marketing (+49%). The quarter ended with a net loss of $20.5M, narrower than the previous quarter's $72.8M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $5.7M of depreciation and amortization and $37.3M of share-based compensation. Working capital and other items used $29.3M. Capital expenditures of $105K exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Navan's revenue in the first quarter fiscal 2027?
Navan (NAVN) reported revenue of $220M for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +24% from the quarter before.
Was Navan profitable in the first quarter fiscal 2027?
Operating loss was $18.1M (-8.2% of revenue) and net loss $20.5M.
Source: Navan 10-Q on SEC EDGAR.