Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 325

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 8
Chunk 325
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12 months and the remainder thereafter.Deferred Contract Acquisition CostsDeferred contract acquisition costs are amortized over a period of benefit of three years. The period of benefit was estimated by considering factors such as historical customer attrition rates, the useful life of the Company’s technology, and the impact of competition in the software-as-a-service industry. The following table summarizes the activity of deferred contract acquisition costs (in thousands):Six Months Ended July 31,20252024Beginning balance$40,518 $39,381 Capitalization of contract acquisition costs14,631 12,511Amortization of deferred contract acquisition costs(13,769)(12,493)Ending balance$41,380 $39,399 The following table summarizes the outstanding balances of deferred contract acquisition costs (in thousands):As ofJuly 31, 2025January 31, 2025Deferred contract acquisition costs, current$22,738 $22,414 Deferred contract acquisition costs, noncurrent18,642 18,104 Total deferred contract acquisition costs$41,380 $40,518 Deferred contract acquisition costs, current is presented within prepaid expenses and other current assets in the condensed consolidated balance sheets. Deferred contract acquisition costs, noncurrent is presented within other assets in the condensed consolidated balance sheets.

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

Note 4.    Fair Value Measurements

The following table summarizes, for assets measured at fair value, the respective fair value and classification by level of input within the fair value hierarchy (in thousands):As of July 31, 2025Level 1Level 2Level 3TotalCurrent AssetsCash equivalentsMoney market funds$88,604 $— $— $88,604 Commercial paper— 2,481 — 2,481 Total cash equivalents$88,604 $2,481 $— $91,085 Marketable securitiesU.S. Treasury securities$155,120 $— $— $155,120 Commercial paper— 3,983 — 3,983 Corporate bonds— 101,973 — 101,973 U.S. agency bonds— 29,998 — 29,998 Total marketable securities$155,120 $135,954 $— $291,074 Total assets$243,724 $138,435 $—