Navan reported second-quarter revenue of $232.79 million, unchanged year over year, and EPS of $0.05, compared to $0 a year ago. Revenue beat the Zacks Consensus Estimate of $219.85 million by 5.89%, while EPS surpassed the consensus of $0.04 by 25%. Gross Booking Volume reached $3.00 billion, above the $2.88 billion average estimate. Subscription revenue was $21 million versus the $18.81 million estimate, and usage-based revenue came in at $211 million, exceeding the $201.03 million projection. Shares have fallen 7.9% over the past month, compared to a 1% decline in the S&P 500.
Navan, Inc. Class A Common StockQ2 revenue and EPS beat estimates, with revenue surpassing consensus by 5.89% and EPS by 25%.
