Press Release

NAVN INVESTIGATION NOTICE: Robbins Geller Rudman & Dowd LLP Launches Investigation into Navan, Inc., Encourages Investors and Potential Witnesses to Contact Law Firm

SAN DIEGO–(BUSINESS WIRE)–$NAVN #NAVN–The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Navan, Inc. (NASDAQ: NAVN).


If you have information that could assist in the Navan investigation or if you are a Navan investor who suffered a loss and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-navan-inc-investigation-navn.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

THE COMPANY: Navan provides AI-powered travel and expense management software. Navan conducted its initial public offering in October 2025, raising $750 million by selling 30 million shares at $25.00 per share.

THE REVELATION: On December 15, 2025, Navan reported its first quarterly financial results as a public company. In doing so, Navan revealed โ€œGAAP net loss was ($225 million), compared to a net loss of ($42 million) in the third quarter of fiscal year 2025โ€ and that its usage yield declined to 6.9% from 7.5% the year prior. Navan also disclosed that its Chief Financial Officer, Amy Butte, would be departing from her role. On this news, the price of Navan stock fell nearly 12% to close at $12.90 per share the following trading day, well below its IPO price.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the worldโ€™s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors โ€“ $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffsโ€™ firms in the world, and the Firmโ€™s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever โ€“ $7.2 billion โ€“ in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contacts

Robbins Geller Rudman & Dowd LLP

J.C. Sanchez

655 W. Broadway, Suite 1900, San Diego, CA 92101

800-449-4900

[email protected]

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