Navan, Inc. raised its full-year revenue and operating income forecasts for the second time this year and separately announced it would acquire AI-powered event-management platform BoomPop for up to $95 million in cash and stock. The company now expects fiscal 2027 revenue of $927 million to $933 million, up from its prior forecast of $907 million to $913 million. CFO Aurélien Nolf told Reuters that travelers are taking more trips and generating higher bookings per trip than a year ago. In the second quarter, gross booking volume rose 45% year over year to $3 billion, revenue increased 35% to $232.8 million and topped the $220.46 million analyst estimate, and new signed gross booking volume in the sales-led growth business reached a record $4 billion over the trailing 12 months, up 60% from a year earlier. Operating expenses increased 46% to $200.2 million in the quarter, faster than revenue growth, and the GAAP operating loss widened to $25.6 million; shares fell 17% in after-hours trading despite the beats and higher guidance.
Navan, Inc. Class A Common StockNavan raised full-year revenue and operating income guidance and beat Q2 revenue estimates
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