Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 302

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 302
---
     |   |  212,620 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash    |     |                        |   -3,805 |     |   |     -414 |
| Net increase (decrease) in cash, cash equivalents and restricted cash            |     |                        |   43,213 |     |   |  -62,936 |
| Cash, cash equivalents and restricted cash, beginning of period                  |     | $                      |  267,382 |     | $ |  330,318 |
| Cash, cash equivalents and restricted cash, end of period                        |     | $                      |  310,595 |     | $ |  267,382 |
| Supplemental disclosure of cash flow information:                                |     |                        |          |     |   |          |
| Cash paid for interest                                                           |     | $                      |   29,547 |     | $ |   18,634 |
| Cash paid for income taxes                                                       |     | $                      |    8,539 |     | $ |    6,368 |
| Noncash investing and financing activities:                                      |     |                        |          |     |   |          |
| Vesting of early exercised stock options                                         |     | $                      |    1,658 |     | $ |      312 |
| Capitalized share-based compensation for internal-use software development costs |     | $                      |    2,319 |     | $ |    1,130 |
| Amounts unpaid for purchases of property and equipment                           |     | $                      |       12 |     | $ |      556 |

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

F-7</div>

#### NAVAN, INC. AND SUBSIDIARIES

### Notes to Consolidated Financial Statements
NOTE 1 - DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

### Description of Business
Navan, Inc. (the “Company”, “we”, “our”), together with its subsidiaries, is a cloud-based technology platform built to solve the comprehensive needs of frequent travelers. We offer a comprehensive, all-in-one, AI-powered travel, payments and expense management solution designed to streamline the entire travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. The Company was incorporated in the state of Delaware in February 2015. The Company is currently headquartered in Palo