Navan Inc. (NASDAQ:NAVN) shares fell 15.26% in after-hours trading Wednesday after the company reported second-quarter fiscal 2027 results, raised its full-year outlook, and announced the acquisition of BoomPop.

The stock closed Wednesday’s regular session down 2.82% at $25.89. It then fell 15.26% to $21.94 in after-hours trading.

Navan is a global AI-powered business travel and expense platform.

Second Quarter Fiscal 2027

Revenue rose 35% year over year to $233 million, and Gross Booking Volume grew 45% to $3.0 billion. Non-GAAP income from operations was $17 million, up from $8 million a year ago. New signed GBV in its sales-led growth business reached a record $4.0 billion on a trailing-twelve-month basis, up 60% year over year.

On the downside, GAAP loss from operations widened to $(26) million from $(12) million a year ago, with GAAP operating margin worsening to (11)% from (7)%. GAAP net loss was $(29) million, narrower than the $(39) million loss a year ago but still a loss.

CEO Ariel Cohen said new signed GBV in the company’s SLG business grew 60% year over year on a trailing-twelve-month basis to a record $4 billion, and that the company is raising its full-year outlook as it enters the second half in a position of growing strength.

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Fiscal 2027 Guidance

For the third quarter, Navan expects revenue of $253 million to $255 million, representing 30% year-over-year growth at the midpoint. For the full fiscal year, the company raised its revenue outlook to $927 million to $933 million and its non-GAAP income from operations outlook to $82 million to $86 million.

BoomPop Acquisition

In a separate release, Navan announced it acquired BoomPop, an AI-powered platform for meetings and events. The company said the transaction is expected to have no material impact on its previously issued guidance.

Trading Metrics

Navan has a market capitalization of $6.58 billion.

The stock has a 52-week high of $30.88 and a 52-week low of $8.12.

Navan shares are up 29.45% over the past year.

Benzinga’s Edge Stock Rankings show a negative price trend in the short term and a positive price trend in the medium and long term.

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