Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 376

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 376
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...............................    |       $44,479 |     |         $42,317 |
| Computers and equipment....................................................................................            |         7,622 |     |           7,349 |
| Fixtures and fittings................................................................................................. |         3,568 |     |           3,561 |
| Leasehold improvements.......................................................................................          |         2,840 |     |           2,779 |
| Construction in progress(1).....................................................................................       |         2,919 |     |           2,960 |
| Property, equipment and software, gross......................................................                          |        61,428 |     |          58,966 |
| Less: accumulated depreciation...........................................................................              |       -31,336 |     |         -29,428 |
| Property, equipment and software, net...........................................................                       |       $30,092 |     |         $29,538 |

_______________ (1) Construction in progress consists of leasehold improvements and capitalized software development costs that have not been placed into service. For the six months ended July 31, 2025 and 2024 , depreciation and amortization expense related to property, equipment and software was $9.6 million and $10.2 million , respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $7.4 million and $7.6 million , respectively, for the six months ended July 31, 2025 and 2024 . No impairment losses of long-lived assets, including property, equipment and software, and operating lease right-of-use (“ROU”) assets, were recognized during the six months ended July 31, 2025 and 2024 . Long-Lived Assets, Net The following table presents long-lived assets, which includes property, equipment and software, net of depreciation and amortization, and operating lease ROU assets, by geographic region (in thousands):

|                                                                                                                          |         As of |     |                 |
|                                                                                                                          | July 31, 2025 |     | January 31,2025 |
| United States........................................................................................................... |       $56,792 |     |         $59,181 |
| United Kingdom.......................................................................................................    |        10,684 |     |          10,633 |
| All other countries...................................................................................................   |         6,980 |     |           7,730 |
| Total long-lived assets, net...............................................................................              |       $74