Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 366

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 366
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 January 31, 
                   2025 |     |    2024 |
|:-----------------------------------------------------------------------------------------------------------------------|-----------------------:|:----|--------:|
| Cost of revenue....................................................................................................... |                 $4,577 |     |  $4,751 |
| Research and development..................................................................................             |                 30,408 |     |  27,039 |
| Sales and marketing...............................................................................................     |                 17,077 |     |  15,872 |
| General and administrative...................................................................................          |                 24,919 |     |  28,189 |
| Total stock-based compensation expense, net of amounts capitalized.                                                    |                $76,981 |     | $75,851 |
| Capitalized stock-based compensation...............................................................                    |                  2,319 |     |   1,130 |
| Total stock-based compensation cost..........................................................                          |                $79,300 |     | $76,981 |

F-36 NAVAN, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements

NOTE 11 – STOCKHOLDERS’ DEFICIT Redeemable Convertible Preferred Stock The Company’s authorized, issued and outstanding redeemable convertible preferred stock (collectively, the “Preferred Stock”) consisted of the following (in thousands, except price per share amounts and share data):

|                                                              | As of January 31, 2025 and 2024 |     |                             |     |                                |     |                   |     |               |
|:-------------------------------------------------------------|--------------------------------:|:----|----------------------------:|:----|-------------------------------:|:----|------------------:|:----|--------------:|
|                                                              |                SharesAuthorized |     | Shares IssuedandOutstanding |     | OriginalIssuancePrice PerShare |     | LiquidationAmount |     | CarryingValue |
| Series Seed.............................................     |                      16,934,856 |     |                  16,934,839 |     |                          $0.25 |     |            $4,181 |     |        $4,729 |
| Series A...................................................  |                      20,382,688 |     |                  20,382,673 |     |                          $0.50 |     |            10,125 |     |        10,288 |
| Series A-1................................................   |                      21,353,147 |     |                  21,353,143 |