Navan Lifts FY27 Guidance on 45% Booking Growth, Adds BoomPop
NAVN has more than doubled off its 52-week low of $8.105.
Summary
Navan raised its fiscal 2027 revenue outlook to $927M-$933M from $907M-$913M and adjusted operating income to $82M-$86M from $76M-$80M, citing strong corporate travel demand and customer growth. Q2 revenue rose 35% to $233M, beating the $220.46M consensus, with adjusted EPS of $0.05 vs $0.04 expected. Gross booking volume grew 45% and payment volume 34%, reflecting resilient business travel and AI-driven corporate spending. The company also announced the acquisition of BoomPop, an AI-powered event-management platform, for up to $95M in cash and stock. Q3 revenue guidance of $253M-$255M exceeds the $248.27M consensus. This follows a series of positive developments, including the Smartrips acquisition in June and major enterprise wins with Enbridge and Insight Enterprises.
At the time of this announcement, NAVN was trading at $23.70 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 news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.