Business
Navan Joins Russell 2000® and Russell 3000® Indexes
PALO ALTO, Calif.--(BUSINESS WIRE)-- Navan (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today announced
About this update from Navan, Inc.
[{"type":"text","content":" PALO ALTO, Calif.--(BUSINESS WIRE)--\nNavan (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today announced that it has been added to the broad-market Russell 3000® Index and the small-cap Russell 2000® Index, effective at the open of U.S. equity markets on December 22, 2025.\n\n\nThe Russell 3000® Index is an equity index that tracks the performance of the largest 3,000 U.S. stocks by market capitalization. The Russell 2000® Index measures the performance of the 2,000 smallest companies within the Russell 3000® Index.\n\n\n“Joining the Russell 3000® and Russell 2000® indexes is an exciting milestone in the early stages of Navan’s journey as a public company,” said Navan co-founder and CEO, Ariel Cohen. “This inclusion raises our visibility among a broader base of investors as we pursue the estimated $185 billion total addressable market opportunity in business travel and expense. As we enter our first year as a public company, we believe Navan is positioned to win with an AI‑driven platform that gives enterprises the visibility, control, and employee experience they demand. I’m incredibly optimistic about the opportunity ahead as we pursue our mission to make travel easy for every frequent traveler.”\n\n\nNavan joins the Russell 3000® and Russell 2000® indexes following a period of strong financial performance. For the fiscal third quarter ended October 31, 2025, Navan reported total revenue of $195 million, an increase of 29% year-over-year.\n\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and benchmarks for active investment strategies. For more information about the Russell Indexes and the annual reconstitution, visit the FTSE Russell website.\n\n\nAbout Navan\n\n\nNavan is the leading all-in-one business travel, payments, and expense management platform that makes travel easy for frequent travelers. From finding flights and hotels to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at navan.com.\n\n\nAbout FTSE Russell, an LSEG Business\n\n\nFTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE...