Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 389

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 389
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 was $9.6 million and $10.2 million , respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $7.4 million and $7.6 million , respectively, for the six months ended July 31, 2025 and 2024 . No impairment losses of long-lived assets, including property, equipment and software, and operating lease right-of-use (“ROU”) assets, were recognized during the six months ended July 31, 2025 and 2024 . Long-Lived Assets, Net The following table presents long-lived assets, which includes property, equipment and software, net of depreciation and amortization, and operating lease ROU assets, by geographic region (in thousands):

|                                                                                                                          |         As of |     |                 |
|                                                                                                                          | July 31, 2025 |     | January 31,2025 |
| United States........................................................................................................... |       $56,792 |     |         $59,181 |
| United Kingdom.......................................................................................................    |        10,684 |     |          10,633 |
| All other countries...................................................................................................   |         6,980 |     |           7,730 |
| Total long-lived assets, net...............................................................................              |       $74,456 |     |         $77,544 |

F-61 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands):

|                                                                                                                         |         As of |     |                 |
|                                                                                                                         | July 31, 2025 |     | January 31,2025 |
| Prepaid expenses...................................................................................................     |       $20,108 |     |         $16,965 |
| Payment processor advances(1)...........................................................................                |        12,274 |     |           6,801 |
| Tax receivable......................................................................................................... |         2,671 |     |           3,196 |
| Deferred offering costs...........................................................................................      |         3,355 |     |               — |
| Other current assets...............................................................................................     |        13,945 |     |           8,666 |
| Total prepaid expenses and other current assets                                                                         |       $52,353 |     |         $35,628 |

_______________ (1) Payment processor advances represent amounts prefunded to and held