Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 317

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 317
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 statutory income tax rate). This standard is effective for public business entities for annual periods beginning after December 15, 2024. For all other entities, the standard is effective for annual periods beginning after December 15, 2025. Early adoption is permitted . The Company is currently evaluating the impact of this standard on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . The new guidance requires disaggregated information about certain income statement expense line items on an annual and interim basis. The standard is effective for public business entities for annual periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

#### NOTE 2 – REVENUE
The following table summarizes revenue by region based on the billing country of customers (in thousands, except percentages):

|                  |     | Year Ended January 31, |    2025 |     |                       |     |   |     |        |    2024 |     |                       |     |   |
|:-----------------|:----|:-----------------------|--------:|:----|:----------------------|----:|:--|:----|:-------|--------:|:----|:----------------------|----:|:--|
|                  |     | Amount                 |         |     | Percentage of Revenue |     |   |     | Amount |         |     | Percentage of Revenue |     |   |
| United States    |     | $                      | 315,807 |     |                       |  59 | % |     | $      | 217,427 |     |                       |  54 | % |
| United Kingdom   |     |                        | 129,412 |     |                       |  24 | % |     |        | 115,234 |     |                       |  29 | % |
| Rest of World(1) |     |                        |  91,618 |     |                       |  17 | % |     |        |  69,595 |     |                       |  17 | % |
| Total revenue    |     | $                      | 536,837 |     |                       | 100 | % |