Company: NAVN
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001628280-25-044812
Chunk: 204

Company: Navan, Inc.
Filing Date: 2025-10-10
Form: S-1/A
Chunk 204
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 car rental inventory through GDSs and OTA integrations, with direct connections with rental car agencies. We access black car services through a separate GDS that specializes in black car transportation. Our payment partners primarily include corporate card payment processors and our card issuing partners. We earn revenue from our payment partners from fees based on the transaction dollar volume of spend on our corporate cards. We do not earn revenue from customers’ use of the cards enrolled in Navan Connect nor do we bear any risk related to payments made with those cards. For additional information, refer to Note 1, Description of Business and Significant Accounting Policies, to our consolidated financial statements included elsewhere in this prospectus for additional details regarding our relationships with our various suppliers and payment partners and the extent to which we earn revenue under our arrangements with these suppliers and payment partners. Our revenue is geographically diverse. For fiscal 2025 and the six months ended July 31, 2025, revenue generated from customers and suppliers outside of the United States represented 41% and 39%, respectively, of our revenue. This global presence reflects the international nature of business travel and our platform's ability to support customers with operations and employees worldwide. Our Values and Employees The team that we have built at Navan has been critical to the success we have had to date. As we continue to invest in and grow both our business and our team, our employees continue to be guided by core principles shared across our organization on how we operate and behave: • All about the user – all users, all the time ◦ We obsess over our users and customers, every type, every day. We prioritize their needs, exceed their expectations, and turn trust into advocacy. • AI-first on every challenge and delivery, by every team ◦ To lead and stay relevant, we solve problems and deliver results with an AI-first mindset. It's how we scale impact and stay ahead. • Best team Build the best team, and be the best teammate ◦ We grow together, support each other, and win as one. • Extreme ownership and bias to action ◦ At every level, we own outcomes. Leaders and teammates alike drive a culture of responsibility and accountability. 155 • Never done growing and raising your personal bar ◦ We learn fast, adapt quickly, and constantly raise the bar — for ourselves and for Navan. • Seriously fun ◦ We take the work seriously — ourselves, not so much. We make hard calls, deliver results, and enjoy the ride. As of July 31, 202