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Why Navan Is Up +30% in 2026. When So Many Other Public Software Leaders Are Down.

Source: saastr.com 1 min read

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Why Navan Is Up +30% in 2026. When So Many Other Public Software Leaders Are Down.

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Pull up a chart of public B2B software in 2026 and it is a sea of red. IGV, the iShares software ETF, is down more -15% year-to-date and off roughly 30% from its September 2025 peak. For the first time in history, software forward multiples dropped below the S&P 500. Then there is Navan. Navan,... Continue Reading

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