Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 147

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 147
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 non-GAAP provision for income taxes.

<div align='center'>99</div>

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

|                                                       | (in thousands) | Year Ended January 31, |     2025 |     |   |     2024 |
|:------------------------------------------------------|:---------------|:-----------------------|---------:|:----|:--|---------:|
| GAAP net loss                                         |                | $                      | -181,078 |     | $ | -331,552 |
| Stock-based compensation expense-related charges      |                |                        |   77,379 |     |   |   75,851 |
| Amortization of intangible assets                     |                |                        |    5,217 |     |   |    6,364 |
| Amortization of debt discount and debt issuance costs |                |                        |   12,211 |     |   |   14,239 |
| Deferred offering costs write-off                     |                |                        |        — |     |   |    3,749 |
| Gain (loss) on fair value adjustments                 |                |                        |  -12,200 |     |   |   26,594 |
| Restructuring and facility exit costs                 |                |                        |        — |     |   |    8,577 |
| Reversal of tax contingency                           |                |                        |        — |     |   |  -29,652 |
| Non-GAAP provision for income taxes                   |                |                        |    2,084 |     |   |      980 |
| Non-GAAP net loss                                     |                | $                      |  -96,387 |     | $ | -224,850 |

### Liquidity and Capital Resources
Since our inception, we have financed our operations primarily through sales of equity securities and debt, as well as cash generated from operations. Our principal uses of cash in recent periods have been funding our operations, investing in our business, technologies, and platform, capital expenditures, and various business acquisitions. As of January 31, 2025, our principal sources of liquidity were cash and cash equivalents of $157.7 million, which were held primarily for working capital purposes. Cash and cash equivalents consisted of funds deposited with banks, funds available for use held with our corporate card payment processing partner which are not earmarked to collateralize corporate card spend by our customers