INVESTOR ALERT: Securities Class Action Filed Against Navan, Inc. – Investors Encouraged to Contact Kirby McInerney LLP

NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Navan, Inc. (“Navan” or the “Company”) (NASDAQ:NAVN) securities pursuant to the registration statement and prospectus (collectively “offering documents”) issued in connection with the Company’s October 2025 initial public offering (“IPO”).

If you suffered a loss on your Navan investments, you have until April 24, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is This Lawsuit About? The lawsuit alleges that the Company’s October 31, 2025, IPO offering materials did not adequately disclose that, at the time of the IPO, Navan had sharply increased sales and marketing spending and was facing slowing revenue trends, which were necessary to sustain its reported growth metrics.

On October 31, 2025, Navan conducted its initial public offering, selling approximately 36.9 million shares at $25.00 per share.

On December 15, 2025, Navan reported its first quarterly financial results as a public company, for the quarter ended October 31, 2025. In doing so, Navan revealed “GAAP net loss was ($225 million), compared to a net loss of ($42 million) in the third quarter of fiscal year 2025” 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 shares declined by $1.74 per share, or approximately 11.89%, from $14.64 per share on December 15, 2026 to close at $12.90 on December 16, 2026.

[LEARN MORE ABOUT THE LAWSUIT]

The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]

What Should I Do? If you purchased or otherwise acquired Navan securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]