Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 194

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 194
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Nine Months Ended October 31, 2024Common StockAdditionalPaid-In CapitalAccumulatedOther Comprehensive LossAccumulated DeficitTotalStockholders’ EquitySharesAmountBalances at January 31, 2024224,728 $2 $1,821,216 $(236)$(1,494,586)$326,396 Issuance of common stock upon the exercise of stock options1,412 — 3,884 — — 3,884 Repurchases and retirement of common stock(5,940)— — — (74,690)(74,690)Issuance of common stock upon the vesting and settlement of restricted stock units7,252 — (5)— — (5)Issuance of common stock under employee share purchase plan1,119 — 13,665 — — 13,665 Stock-based compensation expense— — 164,004 — — 164,004 Net unrealized gains on marketable securities— — — 71 — 71 Foreign currency translation adjustments— — — (818)— (818)Net loss— — — — (193,237)(193,237)Balances at October 31, 2024228,571 $2 $2,002,764 $(983)$(1,762,513)$239,270 

See accompanying Notes to Condensed Consolidated Financial Statements.

7

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Nine Months Ended October 31,20252024Cash flows from operating activitiesNet loss$(156,811)$(193,237)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Allowance for expected credit losses1,592 1,025 Depreciation and amortization15,918 12,730 Amortization of deferred contract acquisition costs20,805 19,189 Stock-based compensation expense165,067 160,702 Net accretion of discount on marketable securities(1,717)(4,646)Non-cash lease expense13,688 13,528 Impairment of long-lived assets30,716 — Amortization of discount on revolving credit facility and term loan issuance costs91 91 Changes in operating assets and