Navan Inc. (NASDAQ:NAVN) posted its first-quarter results after Wednesday’s closing bell, beating analyst estimates on the top and bottom lines. Here's a look at the details inside the report.
NAVN stock is moving. Watch the price action here.
Navan Q1 Details Navan reported quarterly earnings of eight cents per share, which beat the consensus estimate for a loss of one cent, according to Benzinga Pro data.Quarterly revenue clocked in at $220.23 million, which beat the Street estimate of $205.27 million and was up from $157.46 million in the same period last year.The company reported the following first-quarter metrics:
Usage revenue was $202 million, an increase of 41% year-over-year
Subscription revenue was $18 million, an increase of 26% year-over-year
