Navan Beats Q2, Raises FY27 Outlook, and Acquires BoomPop
NAVN has more than doubled off its 52-week low of $8.105.
Summary
Navan reported Q2 FY2027 revenue of $233M (up 35% YoY), raised its full-year outlook, and announced the acquisition of BoomPop.
Key Events · Earnings and Guidance · NAVN
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Q2 Revenue Up 35% to $233M
Total revenue reached $233M, up 35% year-over-year, with usage revenue of $211M and subscription revenue of $21M. Gross Booking Volume grew 45% to $3.0B.
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Non-GAAP Operating Income More Than Doubles
Non-GAAP income from operations rose to $17M from $8M a year ago, with non-GAAP operating margin expanding to 7% from 5%. Non-GAAP net income was $14M versus a loss of $8M.
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FY27 Outlook Raised
Full-year revenue guidance increased to $927M-$933M (32% growth at midpoint) and non-GAAP operating income to $82M-$86M. Q3 revenue is guided to $253M-$255M with 14% non-GAAP operating margin.
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BoomPop Acquisition Announced
Navan acquired BoomPop, an AI-native platform for meetings and events, expanding its offering into a single destination for travel, expense, payments, meetings and events.
Analysis · NAVN · Technology
Navan delivered a strong Q2 with revenue up 35% to $233M and non-GAAP operating income more than doubling to $17M. The company raised its full-year revenue outlook to $927M-$933M and non-GAAP operating income to $82M-$86M, while also announcing the acquisition of BoomPop to expand into meetings and events. The combination of accelerating growth, improved profitability, and a strategic acquisition makes this a meaningful positive update for investors.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 36.4% of the 1919 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NAVN was trading at $22.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $8.11 to $30.88. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.