Filing Flows › Navan (NAVN) › Q2 FY27 › vs Q1 FY27
Navan (NAVN) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Navan's revenue rose $12.6M (+6%) from $220M in Q1 FY27 to $233M in Q2 FY27. The biggest changes: Usage-based revenue +$9.3M (+5%); Subscription revenue +$3.3M (+18%).
Navan, Q2 FY27: revenue $233M (+35% year over year), operating margin -11.0%, net loss $29.1M, operating cash flow $25.2M. The chart draws each line against Q1 FY27, the increases inside each band.
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Usage-based revenue | $211M | $202M | $9.3M | +5% |
| Subscription revenue | $21.4M | $18.1M | $3.3M | +18% |
| Revenue | $233M | $220M | $12.6M | +6% |
| Net loss | $29.1M | $20.5M | $8.6M | +42% |
| Costs & expenses | $262M | $241M | $21.2M | +9% |
| Operating costs | $258M | $238M | $20.0M | +8% |
| Interest & other, net | $714K | $1.6M | −$881K | -55% |
| Income tax | $2.8M | $802K | $2.0M | +253% |
| Cost of revenue | $60.3M | $57.2M | $3.1M | +6% |
| Operating expenses | $198M | $181M | $16.9M | +9% |
| Operating cash sources | $54.3M | $13.7M | $40.6M | +296% |
| Depreciation & amortization | $5.9M | $5.7M | $180K | +3% |
| Share-based compensation | $41.9M | $37.3M | $4.5M | +12% |
| Working capital & other | $6.5M | −$29.3M | $35.9M | — |
| Net loss absorbed | $29.1M | $20.5M | $8.6M | +42% |
| Operating cash flow | $25.2M | −$6.8M | $32.0M | — |
Questions
How much did Navan's revenue grow quarter over quarter in Q2 FY27?
Navan's revenue rose $12.6M (+6%) from $220M in Q1 FY27 to $233M in Q2 FY27.
What drove Navan's revenue change in Q2 FY27?
Usage-based revenue +$9.3M (+5%); Subscription revenue +$3.3M (+18%).