Navan, Inc. (NASDAQ: NAVN)

This lawsuit is for anyone who acquired securities in Navan, Inc. (NASDAQ: NAVN) from October 28, 2025 through February 23, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, in the Prospectus to the Company’s IPO, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by knowing, but failing to inform investors, that the Company would miss guidance.

On December 15, 2025, Navan released its third quarter fiscal 2026 financial results, revealing “GAAP loss from operations was ($79 million), compared to a loss from operations of ($19 million)” in the same period last year. The Company further revealed “GAAP operating margin was (41%), compared to (13%)” om the same period last year. The Company also announced that its CFO was stepping down, effective immediately, just six weeks after the IPO. The Company revealed in exchange, it would provide her, among other benefits, “accelerated vesting of 100% of the unvested portion of outstanding restricted stock units and stock options” and a $3.7 million cash payment. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume and continued to trade below its IPO price at the time the plaintiff filed this lawsuit.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Navan, Inc. (NASDAQ: NAVN) from October 28, 2025 through February 23, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.