Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 307

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 307
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='center'>F-10</div>

The following table summarizes the corporate card receivables allowance for expected credit losses (in thousands):

|                                                       |     | As of January 31, |   2025 |     |   |   2024 |
|:------------------------------------------------------|:----|:------------------|-------:|:----|:--|-------:|
| Balance at beginning of period                        |     | $                 |    566 |     | $ |    595 |
| Provision for expected credit losses                  |     |                   |  2,296 |     |   |  3,332 |
| Amounts written off, recoveries and other adjustments |     |                   | -2,482 |     |   | -3,361 |
| Balance at end of period                              |     | $                 |    380 |     | $ |    566 |

### Business Combinations
We allocate the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. The determination of fair value requires management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from trade names from a market participant perspective, acquired customers, acquired technology, useful lives and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is one year from the acquisition date, management may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill.

#### Variable Interest Entities
We evaluate our ownership, contractual, and other interests in entities to determine if we have a variable interest in an entity. These evaluations are complex, involve judgment and the use of estimates and assumptions based on available historical and prospective information, among other factors. If we determine that an entity for which we hold a contractual or ownership interest in is a VIE and that we are the primary beneficiary, we consolidate the entity in the consolidated financial statements. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE; and (2) has the obligation