Navan Inc.  (NASDAQ:NAVN) posted its first-quarter results after Wednesday’s closing bell, beating analyst estimates on the top and bottom lines.

Here's a look at the details inside the report. 

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Navan Q1 Details       

Navan reported quarterly earnings of eight cents per share, which beat the consensus estimate for a loss of one cent, according to Benzinga Pro data.

Quarterly revenue clocked in at $220.23 million, which beat the Street estimate of $205.27 million and was up from $157.46 million in the same period last year.

The company reported the following first-quarter metrics:

• Usage revenue was $202 million, an increase of 41% year-over-year
• Subscription revenue was $18 million, an increase of 26% year-over-year
• Gross Booking Volume grew 50% year-over-year, to $3.1 billion in the quarter
• Payment Volume grew 29% year-over-year, to $1.3 billion in the quarter

“Navan kicked off fiscal 2027 with an outstanding first quarter, driven by accelerating growth across the business and a 50% year-over-year increase in Gross Booking Volume,” said Ariel Cohen, Navan CEO.

Looking Ahead

Navan raised its fiscal 2027 revenue outlook to a new range of $907 million to $913 million, versus the $884.47 million analyst estimate.

NAVN Stock Price Activity: According to data from Benzinga Pro, Navan stock climbed 17.87% to $24.60 in Wednesday's extended trading.  

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