Filing Flows › Navan (NAVN) › Q4 FY26
Navan (NAVN) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Apr 2, 2026
Navan (NAVN) reported revenue of $178M for the fourth quarter fiscal 2026 (Q4 FY26), +35% from a year earlier and -9% from the quarter before. Operating margin was -50.3%, net loss $72.8M (40.9% of revenue).
Navan, Q4 FY26: revenue $178M (+35% year over year), operating margin -50.3%, net loss $72.8M, operating cash flow $35.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $178M | -9% | +35% |
| Operating profit | −$89.5M | — | — |
| Net earnings | −$72.8M | — | — |
| Operating cash flow | $35.0M | — | — |
| Free cash flow | $34.7M | — | — |
What changed
Revenue was $177.9M in Q4 FY26, up 35% year over year and down 9% from the previous quarter. Usage-based revenue was the largest line at 90% of revenue.
Gross margin was 70.7%, up 3.1 points from a year earlier. Operating costs exceeded revenue by $89.5M, an operating margin of -50.3%. Operating expenses grew 76% against revenue growth of 35%. The fastest-growing cost line was Sales & marketing (+105%). The quarter ended with a net loss of $72.8M, narrower than the previous quarter's $225.4M loss.
Operating cash flow was $35.0M. Non-cash charges added back $42.1M of depreciation and amortization and $47.0M of share-based compensation. Working capital and other items added $18.6M. Capital expenditures of $328K left free cash flow of $34.7M.
Questions
What was Navan's revenue in the fourth quarter fiscal 2026?
Navan (NAVN) reported revenue of $178M for the fourth quarter fiscal 2026 (Q4 FY26), +35% from a year earlier and -9% from the quarter before.
Was Navan profitable in the fourth quarter fiscal 2026?
Operating loss was $89.5M (-50.3% of revenue) and net loss $72.8M.
Source: Navan 10-K on SEC EDGAR.