Flagship explainer
How NAVAN, INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $702M | 100% |
| |
| Cost of revenue | $202M | 29% |
|
| $500M | 71% |
| |
| −$197M | −28% |
| |
| Income before tax | −$396M | −56% |
|
| Income tax | $2.1M | 0% |
|
| −$398M | −57% |
|
Source:
- SEC filing · FY 2026Filing detailsAccession 0001628280-26-023250