Navan Inc - Class A risk profile

66 Stretched several inputs deteriorating together

Measured 1 September 2026 from NAVN's filed statements. Recomputed nightly.

66 (Stretched), driven by Competitive position at 79, over 5 weighted categories on the SOFTWARE profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation46ElevatedVolatileOne-year price volatility — 88.4%
Operating pressure58ElevatedWorseningCosts outgrowing revenue — +8.7 percentage points
Cash conversion31NormalEasingFree-cash-flow margin — 4.7%
Leverage and coverage37NormalEasingInterest cover — -2.66x
Competitive position79StretchedStableOperating-margin gap against peers — -38.7 percentage points
ConcentrationReads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company.

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

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Financials, valuation and price history for Navan Inc - Class A