Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 267

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 267
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 or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period. All of these limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.

The following tables reconcile the most directly comparable GAAP financial measure to each of these non-GAAP financial measures.

Non-GAAP Income (Loss) From Operations 

Three Months Ended April 30,20252024(in thousands)Loss from operations$(43,904)$(66,169)Add:Stock-based compensation and related employer payroll tax associated with RSUs49,824 50,399 Restructuring costs2,217 — Non-GAAP income (loss) from operations$8,137 $(15,770)

Non-GAAP Net Income (Loss)

Three Months Ended April 30,20252024(in thousands)Net loss$(40,018)$(63,722)Add:Stock-based compensation and related employer payroll tax associated with RSUs49,824 50,399 Restructuring costs2,217 — Non-GAAP net income (loss)$12,023 $(13,323)

31

Free Cash Flow and Adjusted Free Cash Flow

Three Months Ended April 30,20252024(in thousands)Net cash provided by (used in) investing activities$4,176 $(21,361)Net cash (used in) provided by financing activities$(5,523)$9,947 Net cash provided by (used in) operating activities$6,764 $(1,898)Less:Purchases of property and equipment(638)(1,002)Capitalized internal-use software costs(2,131)(1,375)Free cash flow$3,995 $(4,275)Add:Restructuring costs paid5,887 — Adjusted free cash flow$9,882 $(4,275)

Liquidity and Capital Resources

Since inception, we have