NavanISO/NSO
Navan equity calculator: value your options at the latest valuation
Calculate the current value of your Navan equity using secondary market data and four independent valuation methods. Free, no account required.
Navan — current market snapshot
Last primary round
$9.2B
Series G · 2022-10
Secondary market
—
No recent verified signal
Annual revenue (ARR)
$0.6B
+25% YoY
Equity type
ISO/NSO
Strike: $20–$35
Key things to know
- →Navan (formerly TripActions) is the leading enterprise travel and expense management platform.
- →Secondary market implied valuation tracks the latest closed round.
- →IPO anticipated as Navan has been moving toward public markets.
- →Typical strike price range varies by grant year.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my Navan equity →Free · No account required · Takes 2 minutes
Liquidity outlook for Navan
IPO possible 2027–2029 once ARR milestones are hit. Strategic M&A also plausible in consolidating sector.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my Navan equity worth right now?↓
Navan's IPO (2025) valued the company at $6B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically. Note: Navan has since exited the private market — refer to the exit terms for current value.
When will Navan go public or offer liquidity?↓
Navan completed its IPO on Nasdaq (NAVN) on October 30, 2025 at $25/share. The stock opened at $22 and closed the first . Employees with vested equity should refer to the exit terms for current liquidation details.
What is the Navan strike price for employee options?↓
Strike prices at Navan vary by grant year and cohort. Recent grants typically carry strikes in the $1–$35 range per share. Your grant agreement shows your exact 409A strike. With Navan now implying ~$6B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between Navan ISOs and NSOs?↓
Navan typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $6B implied valuation.