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NAVNNavan, Inc.
$26.30$6.3B
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HomeStocksNAVNBalance Sheet

Navan, Inc. (NAVN) Balance Sheet

3Y historyFree accessUpdated daily

The company significantly improved its financial stability by reducing total debt to $172.4 million in 2026Q1, resulting in a healthy current ratio of 4.27.

NAVN Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMJan'26Jan'25Jan'24
Total Current Assets1.3B1.31B684.07M679.68M
Cash & Short-Term Investments802.25M740.51M305.83M262.38M
Cash Only640.05M583.52M305.83M262.38M
Short-Term Investments162.2M156.99M00
Accounts Receivable447.85M426.39M345.81M386.55M
Days Sales Outstanding196.78221.61235.12350.75
Inventory0000
Days Inventory Outstanding----
Other Current Assets53.91M105.98M15.47M18.12M
Total Non-Current Assets410.16M401.77M399.89M386.34M
Property, Plant & Equipment78.11M53.78M77.54M77.06M
Fixed Asset Turnover11.82x13.06x6.92x5.22x
Goodwill237.53M241.31M219.73M220.54M
Intangible Assets18.4M43.96M55.63M61.01M
Long-Term Investments10.05M04.77M5M
Other Non-Current Assets71.16M62.73M42.21M22.73M
Total Assets1.71B1.71B1.08B1.07B
Asset Turnover0.48x0.41x0.50x0.38x
Asset Growth %108.75%57.64%1.68%-
Total Current Liabilities305.05M320.94M446.03M187.68M
Accounts Payable62.85M65.94M42.83M24.32M
Days Payables Outstanding101.86119.2780.4147.22
Short-Term Debt316K584K232.3M8.33M
Deferred Revenue (Current)237.67M71.54M34.1M27.79M
Other Current Liabilities111.24M56.11M103.19M92.58M
Current Ratio4.27x4.07x1.53x3.62x
Quick Ratio4.27x4.07x1.53x3.62x
Cash Conversion Cycle94.92---
Total Non-Current Liabilities172.51M179.76M519.9M654.06M
Long-Term Debt124.17M124.21M397.03M520.26M
Capital Lease Obligations149.3M37.59M43.1M45.26M
Deferred Tax Liabilities17.18M1.01M7.66M7.03M
Other Non-Current Liabilities13.82M16.96M71.31M81.19M
Total Liabilities477.56M500.7M965.93M846.87M
Total Debt172.45M174.35M672.43M573.85M
Net Debt-467.61M-409.16M366.6M311.46M
Debt / Equity0.14x0.14x5.89x2.62x
Debt / EBITDA-1.20x---
Net Debt / EBITDA3.25x---
Interest Coverage-8.52x-6.72x-1.26x-4.15x
Total Equity1.24B1.21B114.22M219.15M
Equity Growth %2192.07%957.64%-47.88%-
Book Value per Share4.9412.350.460.88
Total Shareholders' Equity1.24B1.21B114.22M219.15M
Common Stock2K2K1K1K
Retained Earnings-2.04B-2.02B-1.62B-1.44B
Treasury Stock0000
Accumulated OCI-8.86M-3.23M-37.62M-28.29M
Minority Interest0000

Key Metrics

Growth RegimeExpanding
ProfitabilityNegative
Balance SheetHealthy
Cash FlowBurning
Top Statement Risk

Salesforce platform dependency

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Balance Sheet Stabilization Following Deleveraging

According to recent financial statements, NAVN has successfully transitioned from a high-leverage position in 2025Q2, where the debt-to-equity ratio peaked at 7.67, to a significantly more stable 0.14 in 2026Q1, reflecting a deliberate and effective effort to strengthen the company's overall financial foundation.

The dramatic reduction in debt levels suggests management prioritized balance sheet repair to mitigate interest rate sensitivity and improve financial flexibility. This shift appears to have successfully insulated the company from the liquidity pressures that characterized its earlier, more aggressive capital structure.

Strategic Deleveraging Enhances Financial Flexibility

As reported in quarterly filings, NAVN reduced its total debt from $710.5 million in 2025Q2 to $172.4 million by 2026Q1, a move that significantly lowers the company's interest burden and suggests a strategic pivot toward maintaining a more conservative capital structure during its growth phase.

The rapid paydown of debt indicates that the company is no longer reliant on external financing to fund its operations, which is a positive development for long-term solvency. Investors should monitor whether this lower leverage profile persists as the company continues to scale its platform and pursue market share.

Robust Liquidity Buffers Against Volatility

Based on the provided balance sheet data, NAVN maintains a strong liquidity position with a current ratio of 4.27 as of 2026Q1, providing a substantial buffer against operational cash burn and potential market shocks that could otherwise disrupt the company's ongoing investment in product development.

The high current ratio suggests that the company is well-positioned to meet its short-term obligations without needing to access capital markets. This liquidity cushion appears sufficient to support the current burn rate, though sustained profitability remains the ultimate requirement for long-term financial health.

Accumulated Deficits Offset by Capital Infusions

Analysis of historical filings reveals that NAVN's equity base is currently pressured by a $2.0 billion accumulated deficit as of 2026Q1, which underscores the significant capital intensity required to build and scale its cloud-native banking platform within the competitive financial services software landscape.

The persistent negative retained earnings highlight the company's ongoing struggle to reach GAAP profitability despite its strong revenue growth. This trend suggests that shareholder value is currently being driven by top-line expansion rather than earnings, necessitating careful monitoring of future margin improvements.

NAVN — Frequently Asked Questions

Quick answers to the most common questions about buying NAVN stock.

What are the total assets of Navan, Inc. (NAVN)?

As of 2025, Navan, Inc. (NAVN) had total assets of $1.71B including $1.31B in current assets.

How much debt does Navan, Inc. (NAVN) have?

Navan, Inc. (NAVN) carries total debt of $174.4M, offset by $740.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Navan, Inc.?

Navan, Inc. (NAVN) has total shareholders' equity (book value) of $1.21B ($12.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Navan, Inc.'s current ratio and liquidity?

Navan, Inc. (NAVN) reported a current ratio of 4.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.