Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 409

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 409
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, or the expiration of applicable statutes of limitations; however, the Company is not able to estimate the impact of these items at this time. On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act of 2025 which includes, among other provisions, changes to the U.S. corporate income tax system including the allowance of immediate expensing of qualifying research and development expenses and permanent extensions of certain provisions within the Tax Cuts and Jobs Act. Certain provisions are effective for the Company beginning in fiscal 2026, for which we do not anticipate a material impact on our effective tax and cash tax rates. The Company is continuing to evaluate the future impact of these tax law changes on its financial statements. NOTE 12 - COMMITMENTS AND CONTINGENCIES Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties primarily related to the purchase of cloud hosting arrangements and software subscriptions. The table below presents the summarized purchase obligations as of July 31, 2025 (in thousands):

|                                  | Payments Due By Period as of July 31, 2025 |     |                 |     |             |     |             |     |                  |
|:---------------------------------|-------------------------------------------:|:----|----------------:|:----|------------:|:----|------------:|:----|:-----------------|
|                                  |                                      Total |     | Less than 1Year |     | 1 - 3 Years |     | 3 - 5 Years |     | More than 5Years |
| Purchase obligations............ |                                    $40,811 |     |         $17,656 |     |     $19,055 |     |      $4,100 |     | $—               |

Litigation In the ordinary course of business, the Company may be subject from time to time to various litigation and administrative proceedings, disputes or claims. In the event that the Company becomes a party to litigation in the future, the Company will record a liability when a loss is considered probable and the amount can be reasonably estimated. For legal proceedings for which there is a reasonable possibility of loss (meaning those losses for which the likelihood is more than remote but less than probable), the Company has determined it does not have material exposure on an aggregate basis. As of July 31, 2025 , the Company is not subject to any currently pending legal matters or claims that could have a material adverse effect on its financial position, results of operations,