Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 375

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 375
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 2025 and 2024, and the changes in fiscal 2025 and 2024 are as follows (in thousands):

|                                                                                                                    | Year Ended January 31, 
                   2025 |     |   2024 |
|:-------------------------------------------------------------------------------------------------------------------|-----------------------:|:----|-------:|
| Balance at beginning of period(1)..........................................................................        |                 $5,648 |     | $5,803 |
| Repayments........................................................................................................ |                 -1,118 |     |   -140 |
| Foreign currency translation impact................................................................                |                   -215 |     |    -15 |
| Balance at end of period........................................................................................   |                 $4,315 |     | $5,648 |
| Less: balance in Accrued expenses and other current liabilities................                                    |                   -509 |     |   -529 |
| Balance in Other non-current liabilities...........................................................                |                 $3,806 |     | $5,119 |

________________ (1) During the year ended January 31, 2023, the NOW Scheme liability had a foreign currency translation impact of $0.2 million, leading to a decrease of the liability from $6.0 million to $5.8 million. As of January 31, 2025, the Company’s application for relief is still under review with the governmental authorities.

F-42 NAVAN, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements

NOTE 14 – EMPLOYEE BENEFIT PLAN The Company sponsors a 401(k) defined contribution retirement plan (the “401(k) Plan”) covering certain U.S. employees. Participants may contribute a portion of their compensation to the Plan, subject to limitations under the Internal Revenue Code. During the year ended January 31, 2024, the Company paused 401(k) Plan matching contributions for employees . The Company also maintains certain other defined contribution plans outside of the United States for which it provides contributions for participating employees in the regions in which matching contributions are applicable. The Company’s contributions for all defined contribution retirement plans were $6.1 million and $7.4 million for the years ended January 31, 2025 and 2024, respectively. NOTE 15 – NET LOSS PER SHARE The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):

|                                                                                                                                                             | Year Ended January 31, 
                   202