Navan Cash Flow Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024
Net Income	-398.03	-181.08	-331.55
Depreciation & Amortization	45.35	9.99	13.06
Other Amortization	24.11	20.55	20.83
Stock-Based Compensation	182.09	76.98	75.85
Provision & Write-off of Bad Debts	9.08	5.91	8.69
Other Operating Activities	178.54	34.62	68.18
Change in Accounts Receivable	-26.03	-24.61	-21.15
Change in Accounts Payable	3.08	17.09	-9.63
Change in Unearned Revenue	9.99	6.58	8.79
Change in Other Net Operating Assets	5.49	-16.43	0.56
Operating Cash Flow	33.67	-50.41	-166.36
Capital Expenditures	-0.92	-0.99	-0.56
Cash Acquisitions	-	-3.88	-7.03
Sale (Purchase) of Intangibles	-17.99	-15.31	-16.74
Investment in Securities	-156.29	-	-
Other Investing Activities	-27.84	65.05	-84.45
Investing Cash Flow	-203.03	44.87	-108.78
Long-Term Debt Issued	216.48	86.19	206.42
Long-Term Debt Repaid	-550.51	-35.76	-0.73
Net Debt Issued (Repaid)	-334.03	50.43	205.69
Issuance of Common Stock	752.86	4.54	9.06
Repurchase of Common Stock	-33.26	-	-
Other Financing Activities	134.34	-2.42	-2.13
Financing Cash Flow	519.92	52.55	212.62
Foreign Exchange Rate Adjustments	6.92	-3.81	-0.41
Net Cash Flow	357.48	43.21	-62.94
Free Cash Flow	32.75	-51.4	-166.92
Free Cash Flow Margin	4.66%	-9.57%	-41.50%
Free Cash Flow Per Share	0.34	-1.14	-3.74
Cash Interest Paid	25.58	29.55	18.63
Cash Income Tax Paid	17.19	8.54	6.37
Levered Free Cash Flow	142.73	-3.83	-
Unlevered Free Cash Flow	173.7	43.67	-
Change in Working Capital	-7.47	-17.37	-21.43

Source: S&P Capital IQ. Standard template. Financial Sources.