Company: NAVN
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000476
Chunk: 308

Company: Navan, Inc.
Filing Date: 2025-07-28
Form: DRS/A
Chunk 308
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  79,300 |     |             |          — |     |               |       — |     |               |     79,300 |
| Balance as of January 31, 2025                          |     |                                        | 439,080,808 |     | $      | 1,301,121 |     |              | 137,352,259 |     | $      | 1 |     | $          | 467,835 |     | $           | -1,617,113 |     | $             | -37,622 |     | $             | -1,186,899 |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-6</div>

#### NAVAN, INC. AND SUBSIDIARIES

### CONSOLIDATED STATEMENTS OF CASH FLOWS
<div align='center'>(in thousands)</div>

|                                                                               |     | Year Ended January 31, |     2025 |     |   |     2024 |
|:------------------------------------------------------------------------------|:----|:-----------------------|---------:|:----|:--|---------:|
| Cash flows from operating activities:                                         |     |                        |          |     |   |          |
| Net loss                                                                      |     | $                      | -181,078 |     | $ | -331,552 |
| Adjustments to reconcile net loss to net cash used in operating activities:   |     |                        |          |     |   |          |
| Stock-based compensation, net of amounts capitalized                          |     |                        |   76,981 |     |   |   75,851 |
| Non-cash interest expense                                                     |     |                        |   46,450 |     |   |   44,647 |
| Deferred income taxes                                                         |     |                        |        1 |     |   |   -3,224 |
| Depreciation and amortization                                                 |     |                        |   24,889 |     |   |   26,864 |
| Amortization of contract acquisition costs                                    |     |                        |    5,647 |     |   |    7,033 |
| Provision for doubtful accounts                                               |     |                        |    5,912 |     |   |    8,693 |
| Loss (gain) on fair value adjustments                                         |     |                        |  -12,200 |     |   |   26,