Navan Inc. (NASDAQ:NAVN) stock jumped in premarket trading Thursday after the travel and expense management platform reported first-quarter fiscal 2027 results that topped Wall Street estimates and raised its full-year outlook.

Revenue Growth Accelerates

Revenue rose 40% year over year to $220.2 million, beating analyst estimates of $205.3 million. The growth was driven by strength across regions, customer segments and sales channels.

Gross bookings climbed 50% to $3.1 billion as corporate travel demand remained strong. The company also benefited from growth in both its sales-led and product-led customer acquisition strategies.

Adjusted earnings came in at 8 cents per share, compared with analysts’ expectations for a loss of 1 cent.

Adjusted operating margin expanded to 11%, up about 900 basis points from a year earlier.

Navan ended the quarter with $681 million in cash and short-term investments.

AI Adoption Gains Momentum

Management highlighted increasing traction across both its Sales-Led Growth ...