Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 114

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 114
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,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” “predict,” “should,” “toward,” the negative of these words, and other similar expressions are intended to identify forward-looking statements.

Forward-looking statements contained in this prospectus include, but are not limited to, statements about:

• our future financial performance, including our expectations regarding our GBV, payment volume, revenue, cost of revenue, gross profit or gross margin, operating expenses, including changes in operating expenses, and our ability to achieve and maintain future profitability;

• our business plan and our ability to effectively manage our growth;

• our total market opportunity;

• anticipated trends, growth rates, and challenges in our business and in the markets in which we operate;

• our expectations regarding overall demand for business travel and global travel trends;

• our expectations regarding customers’ T&E budgets and IT spending budgets;

• market acceptance of our platform and our ability to increase adoption of our platform;

• beliefs and objectives for future operations;

• our ability to attract new customers and retain and grow sales within our existing customers;

• our ability to drive adoption and expansion of our additional offerings, including Payments, Expense Management, Meetings and Events, VIP, and Bleisure;

• our ability to continue developing, improving, and implementing AI and ML into our platform and offerings, including Navan Cognition, our proprietary AI framework for our platform, and related AI features and functionalities;

• our ability to timely and effectively scale, enhance and adapt our platform;

• our ability to develop and introduce new offerings and products and bring them to market in a timely manner;

• our ability to operate and expand internationally;

• our expectations concerning relationships with third parties, including our expectations concerning relationships with suppliers and payment partners, and our ability to maintain commission rates and access to travel inventory;

• future acquisitions or investments in complementary companies, products, services, or technologies and our ability to successfully integrate them into our business and operations;

• our ability to maintain, protect, and enhance our intellectual property;

• the effects of increased competition in our markets and our ability to compete effectively;

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• our ability to stay in compliance with laws and regulations that currently apply or may become applicable to our business both in the United States and internationally;

• our ability to maintain high-quality, cost-effective customer support, including through automation and AI-enabled tools, while controlling customer support costs