India, June 11 -- Shares of Navan, Inc. (NAVN) were climbing around 17 percent in the pre-market activity on Nasdaq, after the business travel and expense platform raised fiscal 2026 outlook, after reporting sharply narrower first-quarter net loss as revenue growth accelerated on stronger travel bookings.
Net loss for the quarter ended April 30 narrowed to $20.51 million, from a loss of $61.26 million a year earlier. Net loss per share was $0.08, compared with a loss of $1.33 per share in the year-ago quarter.
Meanwhile, loss from operations widened to $18.11 million from loss of $15.89 million in the prior year, due to growth in operating expenses.
Quarterly revenue rose 40 percent to $220.23 million from $157.46 million last year.
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