Navan Cash Flow Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024
Net Income	-371.92	-181.08	-331.55
Depreciation & Amortization	9.58	9.99	13.06
Other Amortization	23.66	20.55	20.83
Stock-Based Compensation	152.59	76.98	75.85
Provision & Write-off of Bad Debts	8.11	5.91	8.69
Other Operating Activities	194.6	34.62	68.18
Change in Accounts Receivable	-31.17	-24.61	-21.15
Change in Accounts Payable	-7.28	17.09	-9.63
Change in Unearned Revenue	8.92	6.58	8.79
Change in Other Net Operating Assets	2.68	-16.43	0.56
Operating Cash Flow	-10.25	-50.41	-166.36
Capital Expenditures	-0.81	-0.99	-0.56
Cash Acquisitions	-	-3.88	-7.03
Sale (Purchase) of Intangibles	-16.81	-15.31	-16.74
Other Investing Activities	10.39	65.05	-84.45
Investing Cash Flow	-7.58	44.87	-108.78
Long-Term Debt Issued	-	86.19	206.42
Long-Term Debt Repaid	-	-35.76	-0.73
Net Debt Issued (Repaid)	-278.21	50.43	205.69
Issuance of Common Stock	752.78	4.54	9.06
Other Financing Activities	139.26	-2.42	-2.13
Financing Cash Flow	605.49	52.55	212.62
Foreign Exchange Rate Adjustments	1.7	-3.81	-0.41
Net Cash Flow	589.36	43.21	-62.94
Free Cash Flow	-11.06	-51.4	-166.92
Free Cash Flow Margin	-1.69%	-9.57%	-41.50%
Free Cash Flow Per Share	-0.24	-1.14	-3.74
Cash Interest Paid	29.55	29.55	18.63
Cash Income Tax Paid	15.84	8.54	6.37
Levered Free Cash Flow	-	-3.83	-
Unlevered Free Cash Flow	-	43.67	-
Change in Working Capital	-26.86	-17.37	-21.43

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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