Company: ASAN
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001477720-25-000045
Chunk: 109

Company: Asana, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 7
Chunk 109
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AP financial measure to each of these non-GAAP financial measures.

Non-GAAP Loss From Operations 

Year Ended January 31,202520242023(in thousands)Loss from operations$(266,735)$(269,997)$(407,826)Add:Stock-based compensation and related employer payroll tax associated with RSUs214,689 207,036 191,286 Impairment of long-lived asset6,785 5,009 — Adjustment for: restructuring costs (benefit) (1)4,474 (147)9,260 Non-GAAP loss from operations$(40,787)$(58,099)$(207,280)

Non-GAAP Net Loss

Year Ended January 31,202520242023(in thousands)Net loss$(255,536)$(257,030)$(407,768)Add:Stock-based compensation and related employer payroll tax associated with RSUs214,689 207,036 191,286 Impairment of long-lived assets6,785 5,009 — Adjustment for: restructuring costs (benefit) (1)4,474 (147)9,260 Non-GAAP net loss$(29,588)$(45,132)$(207,222)

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(1)Restructuring costs for the fiscal years ended January 31, 2025 and 2023 were composed of severance and related charges of $3.7 million and $8.4 million, respectively, and stock-based compensation expense of $0.8 million and $0.9 million, respectively. See Note 16. Restructuring to our consolidated financial statements included in Item 8. Financial Statements and Supplementary Data in this Annual Report on Form 10-K for more information.

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Free Cash Flow and Adjusted Free Cash Flow

Year Ended January 31,202520242023(in thousands)Net cash provided by (used in) investing activities$(6,129)$(289,135)$64,492 Net cash provided by (used in) financing activities$(58,093)$16,777 $381,391 Net cash provided by (used in) operating activities$14,925 $(17,931)$(160,058)Less:Purchases of property and equipment(5,569)(7,721)(5,351)Capitalized internal-use software costs(6,713)(5,440)(1,806)Add:Purchases of property and equipment for