Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 410

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 410
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 or cash flows should such litigation be resolved unfavorably. Repayment of Government Grants During the years ended January 31, 2022 and 2021 , the Company received $6.0 million in grants from the Dutch government under the NOW Scheme. The Company’s application for relief under the NOW Scheme is currently under review. If the Dutch government concludes that the Company does not qualify under the conditions stipulated for the government grants, the Company may have to repay the Dutch government for grants provided. We recognized the $6.0 million in grants received as a liability in the period received.

F-77 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

During the year ended January 31, 2023 , the Company received a tentative payment schedule from the Dutch government. The NOW Scheme liability balances as of July 31, 2025 and January 31, 2025, and the changes during the six months ended July 31, 2025 are as follows (in thousands):

|                                                                                                                                               | CarryingAmount |
| Balance as of January 31, 2025......................................................................................................          |         $4,315 |
| Repayments................................................................................................................................... |              — |
| Foreign currency translation impact...........................................................................................                |            437 |
| Balance as of July 31, 2025.............................................................................................................      |         $4,752 |
| Less: balance in accrued expenses and other current liabilities...........................................                                    |           -560 |
| Balance in other non-current liabilities............................................................................................          |         $4,192 |

As of July 31, 2025 , the Company’s application for relief is still under review with the governmental authorities. NOTE 13 – EMPLOYEE BENEFIT PLAN The Company sponsors a 401(k) defined contribution retirement plan (the “401(k) Plan”) covering certain U.S. employees. Participants may contribute a portion of their compensation to the Plan, subject to limitations under the Internal Revenue Code. The Company also maintains certain other defined contribution plans outside of the United States for which it provides contributions for participating employees in the regions in which matching contributions is applicable. The Company’s contributions for all defined contribution retirement plans was $3.8 million and $2.8 million for the six months ended July 31, 2025 and 2024 , respectively. NOTE 14 – NET LOSS PER SHARE The following table sets forth the computation of basic and diluted net loss per share attributable to