Filing Flows › Navan (NAVN) › Q2 FY27 › vs Q2 FY26
Navan (NAVN) Q2 FY27 vs Q2 FY26 (year over year)
Navan's revenue rose $60.8M (+35%) from $172M in Q2 FY26 to $233M in Q2 FY27. The biggest changes: Usage-based revenue +$54.8M (+35%); Subscription revenue +$6.0M (+39%).
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 Q2 FY26, the increases inside each band.
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Usage-based revenue | $211M | $157M | $54.8M | +35% |
| Subscription revenue | $21.4M | $15.4M | $6.0M | +39% |
| Revenue | $233M | $172M | $60.8M | +35% |
| Net loss | $29.1M | $38.6M | −$9.5M | -25% |
| Costs & expenses | $262M | $211M | $51.3M | +24% |
| Operating costs | $258M | $184M | $74.2M | +40% |
| Interest & other, net | $714K | $22.8M | −$22.1M | -97% |
| Income tax | $2.8M | $3.6M | −$728K | -20% |
| Cost of revenue | $60.3M | $46.9M | $13.4M | +29% |
| Operating expenses | $198M | $137M | $60.7M | +44% |
| Operating cash sources | $54.3M | $38.9M | $15.4M | +40% |
| Depreciation & amortization | $5.9M | $6.3M | −$377K | -6% |
| Share-based compensation | $41.9M | $18.6M | $23.2M | +124% |
| Working capital & other | $6.5M | $13.9M | −$7.4M | -53% |
| Net loss absorbed | $29.1M | $38.6M | −$9.5M | -25% |
| Operating cash flow | $25.2M | $233K | $25.0M | 108× |
Questions
How much did Navan's revenue grow year over year in Q2 FY27?
Navan's revenue rose $60.8M (+35%) from $172M in Q2 FY26 to $233M in Q2 FY27.
What drove Navan's revenue change in Q2 FY27?
Usage-based revenue +$54.8M (+35%); Subscription revenue +$6.0M (+39%).