Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 388

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 388
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200 |
| Warehouse credit facility............................................................             | Level 3             |               | $140,864 |                 | $210,995 |
| ABL facility....................................................................................  | Level 3             |               |  $34,386 |                 |       $— |
| Vista facility................................................................................... | Level 3             |               | $129,725 |                 |       $— |
| Trade loan facility.........................................................................      | Level 3             |               |        — |                 |  $45,000 |
| 2022 promissory note.................................................................             | Level 3             |               |        — |                 | $179,932 |
| Other debt.....................................................................................   | Level 3             |               |   $1,810 |                 |     $933 |

F-60 NAVAN, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited)

NOTE 4 – SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION Property, Equipment and Software, Net Property, equipment and software, net consisted of the following (in thousands):

|                                                                                                                        |         As of |     |                 |
|                                                                                                                        | July 31, 2025 |     | January 31,2025 |
| Capitalized software...............................................................................................    |       $44,479 |     |         $42,317 |
| Computers and equipment....................................................................................            |         7,622 |     |           7,349 |
| Fixtures and fittings................................................................................................. |         3,568 |     |           3,561 |
| Leasehold improvements.......................................................................................          |         2,840 |     |           2,779 |
| Construction in progress(1).....................................................................................       |         2,919 |     |           2,960 |
| Property, equipment and software, gross......................................................                          |        61,428 |     |          58,966 |
| Less: accumulated depreciation...........................................................................              |       -31,336 |     |         -29,428 |
| Property, equipment and software, net...........................................................                       |       $30,092 |     |         $29,538 |

_______________ (1) Construction in progress consists of leasehold improvements and capitalized software development costs that have not been placed into service. For the six months ended July 31, 2025 and 2024 , depreciation and amortization expense related to property, equipment and software