Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 357

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 357
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 compared to the nine months ended October 31, 2024. The increase was primarily due to an increase of $30.7 million in impairment charges, an increase of $11.3 million in personnel-related costs driven by an increase in stock-based compensation expense, and an increase of $2.1 million in professional fees.

Interest Income, Interest Expense, and Other Income (Expense), Net

Nine Months Ended October 31,20252024$ Change% Change(dollars in thousands)Interest income and other income (expense), net$12,746 $16,069 $(3,323)(21)%Interest expense(2,355)(2,831)476 17 %

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Interest income and other income (expense), net decreased by $3.3 million, or 21%, during the nine months ended October 31, 2025 compared to the nine months ended October 31, 2024, primarily due to a decrease of $3.2 million in interest income on marketable securities and a decrease of $0.1 million for the impact of foreign currency transaction gains and losses. Interest expense decreased by $0.5 million, or 17%, during the nine months ended October 31, 2025 compared to the nine months ended October 31, 2024, primarily due to a decrease in interest rates.

Non-GAAP Financial Measures 

The following tables present certain non-GAAP financial measures for each period presented below. In addition to our results determined in accordance with GAAP, we believe these non-GAAP financial measures are useful in evaluating our operating performance. See below for a description of the non-GAAP financial measures and their limitations as an analytical tool. 

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Non-GAAP income (loss) from operations$16,339 $(7,631)$38,483 $(39,059)Non-GAAP net income (loss)$17,892 $(4,777)$45,018 $(29,150)Free cash flow$13,429 $(18,181)$52,806 $(9,696)Adjusted free cash flow$13,429 $(18,181)$58,750 $(9,696)

Non-GAAP Income (Loss) From Operations and Non-GAAP Net Income (Loss)

We define non-GAAP income (loss) from operations as loss from operations plus stock-based compensation