Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 305

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 305
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 is not a part of, and is not incorporated into, this prospectus.

<div align='center'>207</div>

#### NAVAN, INC. AND SUBSIDIARIES

### INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Navan, Inc. and Subsidiaries                                                                
 Consolidated Financial Statements as of and for the Years Ended January 31, 2025 and 2024   |     | Page |
|:--------------------------------------------------------------------------------------------|:----|:-----|
| Report of Independent Registered Public Accounting Firm                                     |     | F-2  |
| Consolidated Balance Sheets                                                                 |     | F-3  |
| Consolidated Statements of Operations                                                       |     | F-4  |
| Consolidated Statements of Comprehensive Loss                                               |     | F-5  |
| Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders’ Deficit |     | F-6  |
| Consolidated Statements of Cash Flows                                                       |     | F-7  |
| Notes to Consolidated Financial Statements                                                  |     | F-9  |

<div align='center'>F-1

Report of Independent Registered Public Accounting Firm</div>

To the Board of Directors and Stockholders of Navan, Inc.

### Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Navan, Inc. and its subsidiaries (the “Company”) as of January 31, 2025 and 2024, and the related consolidated statements of operations, of comprehensive loss, of redeemable convertible preferred stock and stockholders’ deficit and of cash flows for the years then ended, including the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of January 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCA