Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 390

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 390
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           7,655 |
| Taxes payable for unrecognized tax benefits.....................................................                       |         2,573 |     |           2,288 |
| Redeemable convertible preferred stock warrant liability.................................                              |           433 |     |             427 |
| NOW Scheme contingency payable(2).................................................................                     |         4,192 |     |           3,806 |
| Other non-current liabilities...................................................................................       |           736 |     |             653 |
| Total other non-current liabilities.....................................................................               |       $23,678 |     |         $22,949 |

_______________ (1) Loss contingency reserves consist of accruals related primarily to employment taxes. (2) Refer to Note 12 — Commitments and Contingencies for further information on the NOW Scheme. Other Income, Net The components of other income, net were as follows (in thousands):

|                                                                                                                             | Six Months Ended July 31, |     |        |
|                                                                                                                             |                      2025 |     |   2024 |
| Foreign currency exchange gains (losses), net.................................................                              |                    $7,622 |     | $(651) |
| Interest income........................................................................................................     |                     2,203 |     |  2,523 |
| SAFE issuance costs expensed...........................................................................                     |                    -2,913 |     |      — |
| Other, net................................................................................................................. |                      -213 |     |     81 |
| Total other income, net                                                                                                     |                    $6,699 |     | $1,953 |

NOTE 5 – BUSINESS COMBINATION Regent International S.R.L On June 4, 2024 , the Company acquired all outstanding stock of Regent International S.R.L. ("Regent"), a travel and event management company based in Rome, Italy for an aggregate purchase price of $7.9 million in cash. Of the aggregate purchase price, $6.6 million was paid at closing and the remaining $1.3 million was deferred. As of both July 31, 2025 and January 31, 2025 , $0.7 million of cash payments remain unpaid. The transaction is expected to increase the Company’s market share as a provider of travel, corporate card and expense management solutions in Italy and has been accounted for as a business combination. Acquisition costs related to the Regent acquisition were approximately $0.3 million and were expensed as incurred. The purchase price