Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 300

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 300
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 financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP
San Jose, California
April 30, 2025

We have served as the Company's auditor since 2024.

<div align='center'>F-2</div>

#### NAVAN, INC. AND SUBSIDIARIES

### CONSOLIDATED BALANCE SHEETS
<div align='center'>(in thousands, except par value and share amounts)</div>

| Assets                                                                                                                                                                                
 Current assets:                                                                                                                                                                       |     | As of January 31, 
 2025              |            |     | 2024 |            |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------|-----------:|:----|:-----|-----------:|
| Cash and cash equivalents                                                                                                                                                             |     | $                 |    157,672 |     | $    |    166,421 |
| Restricted cash, current                                                                                                                                                              |     |                   |    148,157 |     |      |     95,961 |
| Accounts receivable, net                                                                                                                                                              |     |                   |    184,856 |     |      |    158,355 |
| Corporate card receivables, net                                                                                                                                                       |     |                   |    157,755 |     |      |    224,278 |
| Contract acquisition costs, current                                                                                                                                                   |     |                   |      4,784 |     |      |      2,884 |
| Prepaid expenses and other current assets                                                                                                                                             |     |                   |     35,628 |     |      |     34,664 |
| Total current assets                                                                                                                                                                  |     |                   |    688,852 |     |      |    682,563 |
| Restricted cash, non-current                                                                                                                                                          |     |                   |      4,766 |     |      |      5,000 |
| Contract acquisition costs, non-current                                                                                                                                               |     |                   |     16,185 |     |      |         47 |
| Operating lease right-of-use assets                                                                                                                                                   |     |                   |     48,006 |     |      |     45,877 |
| Property, equipment and software, net                                                                                                                                                 |     |                   |     29,538 |     |      |     31