Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 146

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 146
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                        |                        |     256 |   |     |   |   1,526 |   |
| Restructuring and facility exit costs    |                        |                        |       — |   |     |   |   3,318 |   |
| Non-GAAP gross profit                    |                        | $                      | 371,855 |   |     | $ | 249,229 |   |
| Non-GAAP gross margin                    |                        |                        |      69 | % |     |   |      62 | % |

### Non-GAAP Loss from Operations
We define non-GAAP loss from operations as GAAP loss from operations, excluding stock-based compensation-related charges, amortization of intangible assets, write-off of deferred offering costs, restructuring and facility exit costs, and the reversal of the tax contingency.

The following table reflects the reconciliation of GAAP loss from operations to non-GAAP loss from operations for the periods presented:

|                                                  | (in thousands) | Year Ended January 31, |     2025 |     |   |     2024 |
|:-------------------------------------------------|:---------------|:-----------------------|---------:|:----|:--|---------:|
| GAAP loss from operations                        |                | $                      | -107,638 |     | $ | -246,342 |
| Stock-based compensation expense-related charges |                |                        |   77,379 |     |   |   75,851 |
| Amortization of intangible assets                |                |                        |    5,217 |     |   |    6,364 |
| Deferred offering costs write-off                |                |                        |        — |     |   |    3,749 |
| Restructuring and facility exit costs            |                |                        |        — |     |   |    8,577 |
| Reversal of tax contingency                      |                |                        |        — |     |   |  -22,952 |
| Non-GAAP loss from operations                    |                | $                      |  -25,042 |     | $ | -174,753 |

#### Non-GAAP Net Loss
We define non-GAAP net loss as GAAP net loss, excluding stock-based compensation-related charges, amortization of intangible assets, amortization of debt discount and debt issuance costs, write-off of deferred offering costs, gain (loss) on fair value adjustments, restructuring and facility exit costs, reversal of the tax contingency, and