Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 350

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 2
Chunk 350
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$(1,898)Net cash provided by (used in) investing activities4,176 (21,361)Net cash (used in) provided by financing activities(5,523)9,947 

Operating Activities

Our largest source of operating cash is cash collection from sales of subscriptions to our paying customers. Our primary uses of cash from operating activities are for personnel-related expenses, marketing expenses, and third-

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party hosting-related and software expenses. In prior years, we generated negative cash flows from operating activities and supplemented working capital requirements through net proceeds from the sale of equity and equity-linked securities. 

Net cash provided by operating activities of $6.8 million for the three months ended April 30, 2025 reflects our net loss of $40.0 million, adjusted by non-cash items such as stock-based compensation expense of $48.2 million, amortization of deferred contract acquisition costs of $6.7 million, depreciation and amortization of $5.0 million, non-cash lease expense of $4.5 million, and provision for expected credit losses of $1.0 million, partially offset by net accretion of discount on marketable securities of $0.7 million, and net cash outflows of $17.9 million from changes in our operating assets and liabilities. The net cash outflows from changes in operating assets and liabilities primarily consisted of a $12.5 million decrease in deferred revenue resulting from decreased billings for subscriptions, a $8.8 million increase in prepaid expenses and other current assets related to an increase in deferred contract acquisition costs, a $7.4 million decrease in accrued expenses and other liabilities primarily from accrued payroll liabilities, a $5.4 million decrease in operating lease liabilities, a $1.7 million decrease in accounts payable, and a $0.7 million increase in other assets. These amounts were partially offset by a $18.7 million decrease in accounts receivable.

Net cash used in operating activities of $1.9 million for the three months ended April 30, 2024 reflects our net loss of $63.7 million, adjusted by non-cash items such as stock-based compensation expense of $48.6 million, amortization of deferred contract acquisition costs of $6.1 million, non-cash lease expense of $4.5 million, depreciation and amortization of $4.0 million, provision for expected credit losses of $0.2 million, partially offset by net accretion of discount on market