Navan reported third quarter revenue growth of 29% year-over-year to $195 million.
Amy Butte will depart as Chief Financial Officer, effective January 9, 2026.
The company highlighted strong enterprise momentum and continued innovation in the business travel and expense market.
Revenue Growth
Revenue reached $195 million, with a 29% year-over-year increase.
Operating Margin Expansion
Achieved 870 basis points of non-GAAP operating margin expansion.
Quarterly Highlights
Gross Booking Volume grew 40% to $2.6 billion; Payment Volume increased by 12% to $1.1 billion.
Financial Performance
GAAP gross profit reached $138 million with a 71% margin; Non-GAAP gross profit was $144 million with a 74% margin.
Chief Financial Officer Transition
Amy Butte will depart as CFO, effective January 9, 2026, supporting a seamless leadership transition.
- Navan's strong Q3 performance reflects robust revenue growth and increased operating margin.
- The CFO transition marks a significant change in leadership, requiring a smooth transition process.
- Positive business momentum is indicated by the company's focus on innovation and expansion in the corporate travel market.
Navan's third quarter results demonstrate continuous growth and innovation in the business travel sector. With a strong financial performance and a focus on customer satisfaction, the company is well-positioned for future success.