Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 313

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 313
---
 -2,899 |     |   | -2,488 |
| Balance at end of period                              |     | $                 |  5,135 |     | $ |  4,270 |

Corporate Card Receivables and Allowance for Expected Credit Losses

We provide virtual and physical corporate credit cards to customers of our expense management offering through issuing bank partners. Under our payment partner arrangements, we are required to prefund spend on these credit cards. We recognize a receivable for each transaction, and receivables are generally due within ten days.

Corporate card receivables are recorded net of an allowance for expected credit losses. The allowance for expected credit losses is based on our assessment of the collectability of these receivables. We consider the following factors when determining the collectability of specific customer accounts: age of the receivable balance, credit quality of the customer, and past collection experience with the customer. We consider the need to adjust historical information used in our estimates to reflect the extent to which we expect current conditions and reasonable and supportable forecasts to differ from the

<div align='center'>F-11</div>

conditions that existed for the period over which historical information was evaluated. We recognize estimated credit losses through the income statement, and the allowance for estimated credit losses is recorded in corporate card receivables, net on the consolidated balance sheets.

The following table summarizes the corporate card receivables allowance for expected credit losses (in thousands):

|                                                       |     | As of January 31, |   2025 |     |   |   2024 |
|:------------------------------------------------------|:----|:------------------|-------:|:----|:--|-------:|
| Balance at beginning of period                        |     | $                 |    566 |     | $ |    595 |
| Provision for expected credit losses                  |     |                   |  2,296 |     |   |  3,332 |
| Amounts written off, recoveries and other adjustments |     |                   | -2,482 |     |   | -3,361 |
| Balance at end of period                              |     | $                 |    380 |     | $ |    566 |

### Business Combinations
We allocate the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. The determination