US Stock Market Move | Q4 performance exceeds expectations, Navan(NAVN.US) soars more than 22%

On Thursday, Navan (NAVN.US) soared more than 22% after earnings, closing at $11.23. In terms of news, on March 25th, Navan released its fourth quarter financial report, with revenue of $1.779 billion, exceeding FactSet's expected $1.622 billion, a year-on-year increase of 35%; adjusted earnings per share were $0.02, surpassing the expected loss of $0.12. The company achieved positive free cash flow for the first time, a year ahead of schedule. The CFO stated that this reflects that the "adoption rate by enterprise customers is ahead of expectations". For the fiscal year 2027, the company expects revenue to be between $8.66 billion and $8.74 billion, a 24% increase from the previous year and higher than the IBES estimate of $8.387 billion.