Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 378

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 378
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        |                                   0.3 |     |                  507 |     |                    -422 |     |         85 |
| Domain names...................................................   |                                  12.8 |     |                  587 |     |                     -85 |     |        502 |
| Total intangible assets................................           |                                       |     |              $72,662 |     |               $(17,029) |     |    $55,633 |

During the six months ended July 31, 2025 and 2024 , amortization expense related to intangible assets of $2.5 million and $2.5 million , respectively, was recorded in sales and marketing expense, and $0.1 million and $0.1 million , respectively was recorded in cost of revenue within the condensed consolidated statements of operations.

F-64 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

The expected future amortization expenses related to intangible assets as of July 31, 2025 were as follows (in thousands):

| Year Ended January 31,                                                                                                                                     
 Remainder of 2026............................................................................................................................              |  Amount 
  $2,560 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------:|
| 2027...................................................................................................................................................... |   5,121 |
| 2028...................................................................................................................................................... |   4,920 |
| 2029...................................................................................................................................................... |   4,902 |
| 2030...................................................................................................................................................... |   4,825 |
| Thereafter............................................................................................................................................     |  34,018 |
| Total.................................................................................................................................................     | $56,346 |

There were no impairments of intangible assets recognized during the six months ended July 31, 2025 and 2024 . NOTE 7 – DEBT The Company had the following debt outstanding (in thousands):

|                                                                                                                              |         As of |     |                 |
|                                                                                                                              | July 31, 2025 |     | January 31,2025 |
| Convertible notes....................................................................................................        |      $125,000 |     |        $125,000 |
| SAFEs....................................................................................................................... |       163,000 |     |               — |
| Warehouse credit facility........................................................................................            |       148,174 |     |         214,238 |
| Trade loan facility....................................................................................................      |             — |     |          45,000 |
|