Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 311

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 311
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 year. Cumulative translation adjustments are recorded within accumulated other comprehensive income (loss), a separate component of stockholders’ deficit.

#### Cash and Cash Equivalents
Cash and cash equivalents consists of funds deposited with banks, funds available for use held with our corporate card payment processing partner which are not earmarked to collateralize corporate card spend by our customers, and money market funds with original or remaining maturities of three months or less at the time of purchase.

#### Restricted Cash
Restricted cash consists of (i) a portion of the balance held with our payment processing partners to fund transactions charged by our corporate card users, (ii) cash balances held at our consolidated VIE, and (iii) cash used as collateral for the letters of credit for lease agreements that have lease terms that extend beyond 12 months from the balance sheet date.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of such amounts in the consolidated statements of cash flows (in thousands):

|                                                     |     | As of January 31, |    2025 |     |   |    2024 |
|:----------------------------------------------------|:----|:------------------|--------:|:----|:--|--------:|
| Cash and cash equivalents                           |     | $                 | 157,672 |     | $ | 166,421 |
| Restricted cash, current                            |     |                   | 148,157 |     |   |  95,961 |
| Restricted cash, non-current                        |     |                   |   4,766 |     |   |   5,000 |
| Total cash and cash equivalents and restricted cash |     | $                 | 310,595 |     | $ | 267,382 |

#### Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting Standards Codification (“ASC”) 820, Fair Value Measurement , establishes a framework for measuring fair value and requires disclosure about the fair value measurements of assets and liabilities.

<div align='center'>F-10</div>

In accordance with ASC 820, we use the fair value hierarchy, which maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of the fair value hierarchy are set forth below:

#### Level 1
—Observable inputs such as quoted prices in active markets for identical