Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 30

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 30
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 net loss per share attributable to common stockholders) and summary consolidated balance sheet data as of July 31, 2025 (except for the pro forma and pro forma as adjusted balance sheet data) have been derived from our unaudited consolidated financial statements included elsewhere in this prospectus. The unaudited consolidated financial statements have been prepared on the same basis as our audited consolidated financial statements and, in the opinion of management, reflect all adjustments that are necessary for the fair statement of such data. Our historical results are not necessarily indicative of the results to be expected in the future, and our interim results are not necessarily indicated of results to be expected for the full fiscal year or any other period. You should read the following summary consolidated financial and other data in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our consolidated financial statements, the accompanying notes, and other financial information included elsewhere in this prospectus. The summary consolidated financial and other data in this section are not intended to replace our consolidated financial statements and the related notes and are qualified in their entirety by our consolidated financial statements and the related notes included elsewhere in this prospectus.

19

Our fiscal year ends on January 31, and our fiscal quarters end on April 30, July 31, October 31, and January 31. Our fiscal years ended January 31, 2025 and 2024 are referred to herein as fiscal 2025 and fiscal 2024, respectively.

|                                                                                                                                                                       |                         Year Ended January 31, 
                                           2025 |     |       2024 |     | Six Months Ended July 31, 
                      2025 |     |       2024 |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------:|:----|-----------:|:----|--------------------------:|:----|-----------:|
| Consolidated Statements of Operations Data:                                                                                                                           | -in thousands, except share and per share data |     |            |     |                           |     |            |
| Revenue.............................................................                                                                                                  |                                       $536,837 |     |   $402,256 |     |                  $329,413 |     |   $253,727 |
| Cost of revenue(1).............................................                                                                                                       |                                        169,815 |     |    162,622 |     |                    92,583 |     |     82,545 |
| Gross profit.......................................................                                                                                                   |                                        367,022 |     |