Navan stock plummeted 16.8% after reporting fiscal Q3 2026 earnings, despite growing revenue by 29% to $195 million. The company’s gross booking volume increased by 40% to $2.6 billion, but it still reported a loss of $225 million in the quarter, with the CFO leaving the company soon.

While Q4 revenue is expected to exceed analyst forecasts, full-year revenue is in line with expectations at $686.5 million. Navan anticipates being profitable this year, aiming for positive non-GAAP income of $21-22 million, although free cash flow remains negative at $15 million year to date. Analysts remain cautious about Navan’s future profitability.

Despite the recent drop in stock price, Navan was not among the 10 best stocks recommended by The Motley Fool Stock Advisor analyst team. These stocks have historically produced significant returns, such as Netflix and Nvidia, highlighting potential missed opportunities for investors.

Read more at Yahoo Finance: Why Navan Stock Just Crashed