Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 342

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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 assets from the OBBB Act would be accompanied by a corresponding adjustment to the valuation allowance. 

Note 13.    Geographic Information 

The following tables set forth revenues and long-lived assets, which primarily consist of property and equipment, net and operating lease ROU assets, by geographic area for the periods presented below (in thousands): RevenuesThree Months Ended July 31,Six Months Ended July 31,2025202420252024United States$116,499 $108,232 $228,036 $212,658 International80,437 70,980 156,167 139,002 Total Revenues$196,936 $179,212 $384,203 $351,660 Revenues by geography are based on the shipping address of the customer. Long-Lived AssetsAs ofJuly 31, 2025January 31, 2025United States$242,267 $248,698 International14,293 13,683 Total long-lived assets$256,560 $262,381 

25

ASANA, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Note 14.     Restructuring

In the fourth quarter of fiscal 2025, the Company approved a restructuring plan (the “2025 Restructuring Plan”) intended to improve operational efficiencies and operating costs and better align the Company’s workforce with its business needs, top strategic priorities, and key growth opportunities. The 2025 Restructuring Plan involved a reduction of the Company’s workforce by approximately 5% globally. As of July 31, 2025, the Company has recorded total restructuring charges of $6.7 million related to the 2025 Restructuring Plan. As of January 31, 2025, the Company had $3.7 million restructuring charges reflected within accrued expenses and other current liabilities. During the six months ended July 31, 2025, the Company recorded restructuring charges of $2.2 million and settled the restructuring liability. No restructuring charges were incurred during the three months ended July 31, 2025, and the Company does not expect to incur further material restructuring charges related to the 2025 Restructuring Plan in future periods.The restructuring costs related to the 2025 Restructuring Plan are recognized in the consolidated statement of operations for the six months ended July 31, 2025 as follows: