Supplemental Financial Statement Information (Tables)

3 Months Ended

Apr. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property, Equipment and Software, Net

Property, equipment and software, net consisted of the following (in thousands):

	As of
	April 30, 2026		January 31, 2026
Capitalized software	$	51,634	$	46,126
Computers and equipment	7,210		6,868
Fixtures and fittings	3,089		2,976
Leasehold improvements	2,771		2,691
Construction in progress(1)	3,476		6,798
Property, equipment and software, gross	68,180		65,459
Less: accumulated depreciation	(32,042)		(30,431)
Property, equipment and software, net	$	36,138	$	35,028

________________

(1)Construction in progress consists of leasehold improvements and capitalized software development costs that have not been placed into service.

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset

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
	April 30, 2026		January 31, 2026
United States	$	59,841	$	59,470
United Kingdom	7,814		9,151
All other countries(1)	10,460		9,837
Total long-lived assets, net	$	78,115	$	78,458

________________

(1)No individual country within All other countries comprises more than 10% of Total long-lived assets, net.

Schedule of Accounts Payable and Accrued Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	As of
	April 30, 2026		January 31, 2026
Accrued compensation and employee benefits	$	48,244	$	45,119
Accrued expenses	29,805		25,842
Amounts due to travel suppliers(1)	58,120		77,290
Reward liability(2)	13,193		12,337
Customer deposits and collateral	25,813		26,357
Indirect tax payable	7,490		6,404
Accrued interest	752		781
Other	1,882		3,123
Total accrued expenses and other current liabilities	$	185,299	$	197,253

________________

(1)This balance represents the timing difference of when the Company charges customers for certain travel booking transactions, and when the balance is remitted to travel suppliers or needs to be refunded.

(2)This balance represents both (i) Navan-funded rewards, which includes the value of earned rewards we expect to be redeemed by users prior to expiration, and (ii) customer funded rewards, which are payments made by our platform customers to fund future redemptions by their employees.

Schedule of Other Income (Expense), Net

The components of other income, net were as follows (in thousands):

	Three Months Ended April 30,
	2026		2025
Foreign currency exchange gains (losses), net	$	(3,807)	$	7,921
Interest income	4,629		1,111
SAFE issuance costs expensed	—		(2,913)
Other, net	405		$	—
Total other income, net	$	1,227	$	6,119