Navan, Inc. Class A Common Stock

Navan, Inc. (NASDAQ: NAVN) is a global AI-powered business travel and expense platform serving corporate customers. The company generates revenue through usage-based fees on travel bookings (hotels, flights, cars, and rail) and subscription fees for its software platform. Navan's platform integrates travel management, expense reconciliation, corporate payments via its own issued cards, and meetings and events capabilities into a single solution. The company serves enterprises including global leaders such as Cummins, Enbridge, Ingersoll Rand, and Insight Enterprises. Navan employs proprietary AI models — with its AI support agent Ava handling approximately 60% of customer interactions — and has direct distribution connections with major airlines and hotel chains. The company operates a dual go-to-market model combining self-service adoption with a sales-led growth channel targeting mid-market and enterprise customers. Navan is expanding internationally, including through its acquisition of Smartrips to deepen its Latin American presence, and broadening its product suite through the acquisition of BoomPop for meetings and events. Updated Sep 9, 2026