Reversing course from the 0.3% slide that Navan (NAVN 3.10%) stock experienced last week, shares of the artificial intelligence (AI) stock are ripping higher this week. The company, a provider of an AI platform for business travel and expenses, reported strong fourth-quarter 2026 financial results, and investors are celebrating its success.
According to data provided by S&P Global Market Intelligence, Navan stock is up 47.8% from its close on last Friday to yesterday's close.
Image source: Getty Images.
It was a "landmark quarter" in more ways than one
Blowing past analysts' expectations that it would report $162.3 million, Navan reported Q4 2026 revenue of $178 million.
NASDAQ: NAVN
Key Data Points
The company's co-founder and CEO, Ariel Cohen, lauded Navan's performance as a "landmark quarter for Navan, marked by 35% revenue growth [year-over-year] and a 1,100 basis point expansion in non-GAAP operating margin" in the press release addressing the Q4 2026 financial results. Navan reported an adjusted operating margin of 0% in Q4 2026 compared to an adjusted operating margin of negative 11% during the same period last year.
Pivoting to the cash flow statement, investors will find further evidence of the company's recent success. The company generated $14.8 million in free cash flow -- a substantial improvement from the negative $66.7 million it reported in Q4 2025.
Is it too late to buy Navan stock?
While Navan stock is zipping higher this week, shares still haven't recovered from their decline since the start of the year. Before the start of this week, Navan stock has plunged 48%.
With shares trading at 1.8 times sales, Navan stock is trading at a reasonable valuation, and those looking for an AI stock should hardly be dissuaded from digging further into the company following the stock's recent rise.
