NEW YORK, Feb 27, 2026, 09:11 EST — Premarket
- Navan shares fell 2.7% in premarket trading, giving back part of a sharp prior-session gain
- The company set March 25 for fourth-quarter and full-year results, a key near-term catalyst
- Investors are also tracking a securities class action tied to Navan’s October IPO
Navan, Inc shares were down 2.7% at $10.30 in premarket trading on Friday, after jumping nearly 14% in the prior session. 1
The moves matter because Navan is still early in life as a public company and the stock has been skittish around headlines that touch growth and disclosure. Shares are down about 59% from the company’s $25 IPO price. 2
Friday’s early pullback comes as investors look past a product update and toward two dates: the company’s next results, and the next step in a securities lawsuit that has drawn a wave of investor alerts.
Navan said on Wednesday it would report fourth-quarter and full-year fiscal 2026 results after U.S. markets close on March 25, with a conference call scheduled for 4:30 p.m. ET. 3
A day later, the corporate travel and expense software maker rolled out an expanded Meetings & Events offering, adding BoomPop’s venue sourcing and planning tools inside Navan’s platform. Navan executive Galen Grady said most firms are “trapped in a web of emails and spreadsheets,” while BoomPop CEO Healey Cypher said the tie-up aims to give planners “a single source of truth.” 4
Industry publication Business Travel News said the BoomPop features are in beta for U.S. customers, with a broader launch planned later. 5
Legal risk is the other shadow. A complaint was filed on Feb. 23 in U.S. federal court in Northern California, the court’s docket shows. 6
Several law firms have since circulated notices saying the suit targets Navan’s IPO disclosures and points to an April 24 lead-plaintiff deadline, a procedural step that can influence how aggressively a case is pursued. (A lead plaintiff is the investor chosen to represent the class.) 7
Some investors have also been repositioning around the volatility. A Schedule 13G filing — used to disclose large, generally passive stakes — showed Greenoaks Capital Partners reporting 16,047,328 shares, or about 6.9% of Navan’s Class A stock. 8
Navan’s price action has echoed broader swings across travel and expense-related names, where investors have been quick to punish uncertainty and reward clearer paths to demand and margins, even if only for a session.
But the upbeat read-through from product news can fade fast if the March results disappoint, or if the lawsuit expands with additional claims or defendants. Litigation can drag on, distract management and force companies to spend more on legal costs, even when allegations are unproven.
Next up, traders will key on any fresh court filings around the case, and on what Navan says about growth and spending when it reports results on March 25 after the close. 3
