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Bandwidth vs Navan: BAND and NAVN compared
Bandwidth is the larger company: $234M of revenue in its latest quarter (Q3 2026) against $233M for Navan (Q2 FY27). Navan is growing faster (+35% against +22% a year earlier). Bandwidth is more profitable, with an operating margin of 0.8% against -11.0%.
Where the money goes: BAND and NAVN
Bandwidth (BAND) · Q3 2026
Bandwidth, Q3 2026: revenue $234M (+22% year over year), operating margin 0.8%, net earnings $5.2M, operating cash flow $37.7M. The chart follows the revenue to costs, profit and cash.
Navan (NAVN) · Q2 FY27
Navan, Q2 FY27: revenue $233M (+35% year over year), operating margin -11.0%, net loss $29.1M, operating cash flow $25.2M. The chart follows the revenue to costs, profit and cash.
| Bandwidth (BAND) | Navan (NAVN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $234M | $233M |
| Revenue growth, Y/Y | +22% | +35% |
| Gross margin | 36.2% | — |
| Operating margin | 0.8% | -11.0% |
| Net earnings | $5.2M | −$29.1M |
| Net margin | 2.2% | -12.5% |
| Operating cash flow | $37.7M | $25.2M |
| Free cash flow | $33.0M | $21.5M |
Where the revenue comes from
Navan
- Usage-based revenue: $211M (91%)
- Subscription revenue: $21.4M (9%)
Questions
Which is bigger, Bandwidth or Navan?
Bandwidth is the larger company: $234M of revenue in its latest quarter (Q3 2026) against $233M for Navan (Q2 FY27).
Is Bandwidth or Navan growing faster?
Navan is growing faster (+35% against +22% a year earlier).
Which is more profitable, Bandwidth or Navan?
Bandwidth is more profitable, with an operating margin of 0.8% against -11.0%.
More: Bandwidth earnings · how Bandwidth makes money · Navan earnings · how Navan makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.