Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 340

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 340
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verageRemaining Life(Years) |     | Gross CarryingAmount |     | AccumulatedAmortization |     | Net Amount |
| Trade names..................................................... |                                  16.2 |     |              $44,627 |     |                $(6,516) |     |    $38,111 |
| Customer relationships....................................       |                                   9.6 |     |               27,544 |     |                  -5,525 |     |     22,019 |
| Developed technology.....................................        |                                   1.3 |     |                  511 |     |                    -170 |     |        341 |
| Domain names..................................................   |                                  13.8 |     |                  587 |     |                     -46 |     |        541 |
| Total intangible assets............................              |                                       |     |              $73,269 |     |               $(12,257) |     |    $61,012 |

During the year ended January 31, 2025 , amortization expense related to intangible assets of $5.0 million was recorded in sales and marketing expense, and $0.3 million was recorded in cost of revenue within the consolidated statement of operations. During the year ended January 31, 2024 , amortization expense related to intangible assets of $4.8 million was recorded in sales and marketing expense, and $1.5 million was recorded in cost of revenue within the consolidated statement of operations.

F-28 NAVAN, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements

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

| Year Ended January 31,                                                                                                                                   
 2026.................................................................................................................................................... |     |  Amount 
  $4,937 |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------|:----|--------:|
| 2027.................................................................................................................................................... |     |   4,855 |
| 2028.................................................................................................................................................... |     |   4,643 |
| 2029.................................................................................................................................................... |     |   4,624 |
| 2030.................................................................................................................................................... |     |   4,553 |
| Thereafter...........................................................................................................................................    |     |  32,021 |
| Total................................................................................................................................................    |     | $55,633 |

NOTE 8 – DEBT The Company had the following debt outstanding (in thousands):