Navan Stock Soars On Q4 Earnings Beat

Navan Inc (NASDAQ: NAVN) reported fourth-quarter revenue of $177.92 million, surpassing analyst estimates of $162 million, and posted adjusted earnings of two cents per share, beating expectations for a loss of 12 cents per share. The company's total revenue grew 35% year-over-year, with Usage and Subscription revenues increasing by 35% and 29%, respectively. Following the earnings report, Navan's stock surged 16.39% in after-hours trading, reaching $10.64. For the first quarter, Navan anticipates revenue between $204 million and $206 million, exceeding estimates of $187.74 million.