Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 353

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 353
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 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 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. The financial results of Regent are included in our consolidated financial statements from the date of acquisition. Regent’s financial results have not been material to date. Pro forma results of operations have not been presented because the effect of the acquisition was not material to the consolidated statements of operations.

F-27 NAVAN, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements

NOTE 7 – GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The goodwill balances as of January 31, 2025 and 2024, and the changes in fiscal 2025 and 2024 are as follows (in thousands):

|                                                                                                                                      | CarryingAmount |
| Balance as of January 31, 2023...................................................................................................... |       $209,305 |
| Goodwill arising from acquisitions..............................................................................................     |          6,288 |
| Foreign currency translation impact...........................................................................................       |          4,948 |
| Balance as of January 31, 2024...................................................................................................... |       $220,541 |
| Goodwill arising from acquisitions..............................................................................................     |          4,006 |
| Foreign currency translation impact...........................................................................................       |         -4,819 |
| Balance as of January 31, 2025...................................................................................................... |       $219,728 |

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

|                                                                  |                As of January 31, 2025 |     |                      |     |                         |     |            |
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