Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 328

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 328
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      |     | $ | 161,518 |
| Other debt                |     |                      |     | Level 3 |      |     | $                 |     933 |     |      |     | $ |   3,376 |

<div align='center'>F-22</div>

#### NOTE 4 – BALANCE SHEET COMPONENTS

#### Property, Equipment and Software, Net
Property, equipment and software, net consisted of the following (in thousands):

|                                         |     | As of January 31, |    2025 |     |   |    2024 |
|:----------------------------------------|:----|:------------------|--------:|:----|:--|--------:|
| Capitalized software                    |     | $                 |  42,317 |     | $ |  44,650 |
| Computers and equipment                 |     |                   |   7,349 |     |   |   6,738 |
| Fixtures and fittings                   |     |                   |   3,561 |     |   |   4,252 |
| Leasehold improvements                  |     |                   |   2,779 |     |   |   2,422 |
| Construction in progress(1)             |     |                   |   2,960 |     |   |   2,780 |
| Property, equipment and software, gross |     |                   |  58,966 |     |   |  60,842 |
| Less: accumulated depreciation          |     |                   | -29,428 |     |   | -29,659 |
| Property, equipment and software, net   |     | $                 |  29,538 |     | $ |  31,183 |

________________

(1) Construction in progress consists of leasehold improvements and capitalized software development costs that have not been placed into service.

For the years ended January 31, 2025 and 2024, depreciation and amortization expense related to property, equipment and software was $19.7 million and $20.5 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $14.9 million and $13.8 million for the years ended January 31, 2025 and 2024, respectively.

For the year ended January 31, 2024, accelerated depreciation of $3.4 million was recognized on certain of our leasehold improvements due