Navan, Inc.NAVN

Navan, Inc. Goodwill & Intangibles Disclosure

10-KFiled Apr 2, 20262 min read
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The following table presents the changes in the carrying value of goodwill (in thousands):
Carrying Amount
Balance as of January 31, 2024$220,541 
Goodwill arising from acquisitions4,006 
Foreign currency translation impact(4,819)
Balance as of January 31, 2025$219,728 
Foreign currency translation impact21,581 
Balance as of January 31, 2026$241,309 
There were no impairments of goodwill recognized during the years ended January 31, 2026, 2025 and 2024, respectively.
Intangible Assets
Intangible assets consisted of the following (in thousands, except years data):
As of January 31, 2026
Weighted-Average Remaining Life (Years)Gross Carrying AmountAccumulated AmortizationNet Amount
Customer relationships7.729,978 (11,167)18,811 
Domain names11.8587 (124)463 
Total intangible assets $30,565 $(11,291)$19,274 
 As of January 31, 2025
Weighted-Average Remaining Life (Years)Gross Carrying AmountAccumulated AmortizationNet Amount
Trade names15.2$43,579 $(8,601)$34,978 
Customer relationships8.627,989 (7,921)20,068 
Developed technology0.3507 (422)85 
Domain names12.8587 (85)502 
Total intangible assets $72,662 $(17,029)$55,633 
During the years ended January 31, 2026, 2025, and 2024, amortization expense related to intangible assets of $41.3 million, $5.0 million, and $4.8 million, respectively, was recorded in sales and marketing expense, and $0.1 million, $0.3 million, and $1.5 million, respectively was recorded in cost of revenue within the consolidated statements of operations.
During the year ended January 31, 2026, we announced the retirement of the R&M brand for the purposes of conducting new corporate travel sales. As a result, we fully accelerated the recognition of amortization expense related to the R&M trade name intangible asset, and recognized $36.2 million of amortization expense recorded in sales and marketing expense during the year ended January 31, 2026.
The expected future amortization expenses related to intangible assets as of January 31, 2026 were as follows (in thousands):
Year Ended January 31,Amount
2027$2,726 
20282,526 
20292,507 
20302,427 
20312,186 
Thereafter6,902 
Total$19,274 
There were no impairments of intangible assets recognized during the years ended January 31, 2026, 2025 and 2024.
Free Sentinel

Want the next Navan, Inc. goodwill & intangibles disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment Navan, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

Income TaxesRevenueFair ValueLeasesDebtCommitmentsStock CompensationNew Standards