Navan grows quarterly revenue 35% to $233M and acquires BoomPop
Navan's fiscal Q2 2027 revenue rose 35% to $233M and it raised its full-year revenue outlook to $927M to $933M, but its shares fell sharply the next day.
Navan's fiscal Q2 2027 revenue rose 35% to $233M and it raised its full-year revenue outlook to $927M to $933M, but its shares fell sharply the next day. (SEC (Navan Form 8-K, Ex. 99.1); The Motley Fool)
Gross booking volume rose 45% to $3.0B. GAAP net loss narrowed to $29M, or $0.11 per share, and non-GAAP operating income was $17M. Q3 revenue guidance is $253M to $255M. The Motley Fool reported shares down about 22.4% at 2:40 p.m. ET on September 10. (SEC (Navan Form 8-K, Ex. 99.1); The Motley Fool)