Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 263

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 263
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127 82,791 Sales and marketing (1)99,841 104,332 General and administrative (1)36,976 33,690 Total operating expenses211,944 220,813 Loss from operations(43,904)(66,169)Interest income and other income (expense), net5,830 4,360 Interest expense(791)(942)Loss before provision for income taxes(38,865)(62,751)Provision for income taxes1,153 971 Net loss$(40,018)$(63,722)

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(1)Amounts include stock-based compensation expense as follows:

Three Months Ended April 30,20252024(in thousands)Cost of revenues$344 $283 Research and development24,364 26,740 Sales and marketing14,823 15,248 General and administrative8,636 6,369 Total stock-based compensation expense$48,167 $48,640 

The following table sets forth the components of our statements of operations data, for each of the periods presented, as a percentage of revenues. 

Three Months Ended April 30,20252024(percent of revenues)Revenues100 %100 %Cost of revenues10 10 Gross margin90 90 Operating expenses:Research and development40 48 Sales and marketing53 61 General and administrative20 20 Total operating expenses113 128 Loss from operations(23)(38)Interest income and other income (expense), net3 3 Interest expense**Loss before provision for income taxes(21)(36)Provision for income taxes**Net loss(21)%(37)%_______________

* Less than 1%.

Note: Certain figures may not sum due to rounding.

Comparison of Three Months Ended April 30, 2025 to Three Months Ended April 30, 2024 

Revenues 

Three Months Ended April 30,20252024$ Change% Change(dollars in thousands)Revenues$187,267 $172,448 $14,819 9 %

Revenues increased $14.8 million, or 9%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The increase in revenues was primarily due to the addition of new paying customers and a continued shift in our sales mix toward our higher priced subscription plans, such as Enterprise and Enterprise+