Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 391

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 391
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 was allocated to the following assets and liabilities: $11.8 million to current assets, $4.0 million to goodwill, $0.9 million to intangible assets for customer relationships, $0.4 million to other assets, $8.6 million to current liabilities, and $0.6 million to other liabilities. Goodwill was primarily attributed to the assembled workforce and expanded market opportunities from the Regent acquisition. $2.9 million of the goodwill from the Regent acquisition is deductible for U.S. federal income tax purposes. The acquired customer relationships have an estimated useful life of eight years.

F-63 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

The financial results of Regent are included in our condensed consolidated financial statements from the date of acquisition. The financial results and pro forma results of Regent from the date of acquisition are not material and are not separately presented. NOTE 6 – GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The goodwill balance as of July 31, 2025 and January 31, 2025, and the change during the six months ended July 31, 2025 are as follows (in thousands):

|                                                                                                                                          | CarryingAmount |
| Balance as of January 31, 2025......................................................................................................     |       $219,728 |
| Goodwill arising from acquisitions..............................................................................................         |              — |
| Foreign currency translation impact...........................................................................................           |         14,928 |
| Balance as of July 31, 2025............................................................................................................. |       $234,656 |

There were no impairments of goodwill recognized during the six months ended July 31, 2025 and 2024 . Intangible Assets Intangible assets consisted of the following (in thousands, except years data):

|                                                                  |                   As of July 31, 2025 |     |                      |     |                         |     |            |
|:-----------------------------------------------------------------|--------------------------------------:|:----|---------------------:|:----|------------------------:|:----|-----------:|
|                                                                  | Weighted-AverageRemaining Life(Years) |     | Gross CarryingAmount |     | AccumulatedAmortization |     | Net Amount |
| Trade names..................................................... |                                  14.7 |     |              $46,540 |     |               $(10,410) |     |    $36,130 |
| Customer relationships....................................       |