Navan Management
Management criteria checks 2/4
Navan's CEO is Ariel Cohen, appointed in Feb 2015, has a tenure of 11.5 years. total yearly compensation is $18.23M, comprised of 5.5% salary and 94.5% bonuses, including company stock and options. directly owns 2.22% of the company’s shares, worth $161.75M. The average tenure of the management team and the board of directors is 2.5 years and 7.8 years respectively.
Key information
Ariel Cohen
Chief executive officer
US$18.2m
Total compensation
| CEO salary percentage | 5.50% |
| CEO tenure | 11.5yrs |
| CEO ownership | 2.2% |
| Management average tenure | 2.5yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
NAVN: Brazil Acquisition And New Enterprise Wins Will Drive Future Upside
Analysts have adjusted their price target for Navan from $30.00 to approximately $35.83, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Navan entered a definitive agreement to acquire Brazilian travel management firm Smartrips, its first acquisition as a public company, to bring Brazilian corporate travel and expense activity onto its AI-powered platform.Navan: Customer Ramps And AI Leverage
Summary Navan earns a buy rating due to its deeply embedded, all-in-one business travel and expense platform, driving strong customer retention. NAVN's long growth runway is supported by multi-year customer ramping, expanding product adoption, and increasing enterprise wins, evidenced by 45 S&P 500 customers in Q1 2027. AI-driven automation, especially the Ava assistant, is significantly reducing support costs and expanding gross margins, reaching 75% in Q1 2027. With reliable FY2027 revenue guidance of $910M and potential 25% growth in FY2028, NAVN's premium ~6x NTM revenue multiple appears justified if growth persists. Read the full article on Seeking Alpha
NAVN: AI Integration And Enterprise Wins Will Shape Balanced Outlook
Analysts have adjusted their price target for Navan from $15.00 to $25.00 as they reassess fair value, discount rate, revenue growth, profit margin, and future P/E assumptions in their models. What’s in the News for Navan Navan launched its Model Context Protocol (MCP), a universal adapter that lets customers connect existing AI tools to Navan’s travel and expense data for natural language queries, with an initial read-only setup and plans for future functions such as expense approvals and policy updates.
NAVN: Earnings Beat And Latin America Expansion Will Support Future Upside
Analysts have adjusted their price target for Navan to $29.40 from $25.08, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Navan reported Q1 fiscal 2027 gross booking volume above $3b, revenue of $220.23 million that was flat year over year but above consensus, non GAAP operating margin of 11%, and earnings per share of $0.08, with shares rising nearly 20% after the release as analysts lifted price targets.AI Travel Orchestration Risks Will Challenge Margins Yet Eventually Support A Stronger Platform
Catalysts About Navan Navan provides an AI driven corporate travel, payments and expense management platform for businesses. What are the underlying business or industry changes driving this perspective?AI Automation And Enterprise Wins Will Drive Long Term Corporate Travel Upside
Catalysts About Navan Navan provides an end to end, AI led corporate travel, payments and expense management platform for businesses of all sizes. What are the underlying business or industry changes driving this perspective?CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 30 2026 | n/a | n/a | -US$357m |
| Jan 31 2026 | US$18m | US$1m | -US$398m |
| Oct 31 2025 | n/a | n/a | -US$372m |
| Jul 31 2025 | n/a | n/a | -US$188m |
| Apr 30 2025 | n/a | n/a | -US$196m |
| Jan 31 2025 | US$2m | US$818k | -US$181m |
Compensation vs Market: Ariel's total compensation ($USD18.23M) is above average for companies of similar size in the US market ($USD8.29M).
Compensation vs Earnings: Ariel's compensation has increased whilst the company is unprofitable.
CEO
Ariel Cohen (50 yo)
Mr. Ariel M. Cohen had been Independent Director of Lyft, Inc. since March 29, 2021 until May 22, 2025. He is Co-Founder and Chief Executive Officer and Director of Navan, Inc. (formerly TripActions, Inc.)...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 11.5yrs | US$18.23m | 2.22% $ 161.7m | |
| Co-Founder | 11.5yrs | US$9.59m | 3.91% $ 285.2m | |
| President | 1.4yrs | US$2.11m | 0.078% $ 5.7m | |
| CFO & Principal Accounting Officer | less than a year | no data | no data | |
| Chief Operating Officer | 1.1yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| General Counsel & Secretary | 4.2yrs | no data | no data | |
| Chief Marketing Officer | less than a year | no data | no data | |
| Chief Revenue Officer | 4.5yrs | no data | no data | |
| Chief Executive Officer of Growth | 3.6yrs | no data | no data | |
| Chief Customer Officer | no data | no data | no data | |
| Chief Product Officer of Payments & Expense | 1.1yrs | no data | no data |
Experienced Management: NAVN's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 11.5yrs | US$18.23m | 2.22% $ 161.7m | |
| Co-Founder | 11.5yrs | US$9.59m | 3.91% $ 285.2m | |
| Independent Director | 11.3yrs | US$11.63k | 0.023% $ 1.6m | |
| Independent Director | 1.8yrs | US$18.08k | 0.042% $ 3.1m | |
| Lead Independent Director | 7.8yrs | US$19.38k | 0.00040% $ 29.2k | |
| Independent Director | 4.1yrs | US$11.63k | 0.014% $ 1.0m | |
| Independent Director | 1.2yrs | US$12.14k | 0.079% $ 5.8m | |
| Board of Advisor | no data | no data | no data | |
| Independent Director | 9.3yrs | no data | 0.016% $ 1.2m | |
| Board Advisor | no data | no data | no data | |
| Independent Director | 3.9yrs | US$12.92k | 0% $ 0 | |
| Board Observer | no data | no data | no data |
Experienced Board: NAVN's board of directors are considered experienced (7.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/11 04:34 |
| End of Day Share Price | 2026/08/11 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Navan, Inc. is covered by 16 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Jester | BMO Capital Markets Equity Research |
| Andrew DeGasperi | BNP Paribas |
| Nafeesa Gupta | BofA Global Research |