Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 227

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 227
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 Months Ended October 31,20252024$ Change% Change(dollars in thousands)Cost of revenues$22,307 $19,798 $2,509 13 %

Cost of revenues increased $2.5 million, or 13%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase was primarily due to an increase of $1.1 million in personnel-related costs, an increase of $1.1 million in amortization of capitalized software development costs, and an increase of $0.6 million in professional services, partially offset by a decrease of $0.4 million in third-party hosting costs.

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Operating Expenses

Three Months Ended October 31,20252024$ Change% Change(dollars in thousands)Research and development$73,813 $83,286 $(9,473)(11)%Sales and marketing100,243 104,708 (4,465)(4)%General and administrative74,656 36,270 38,386 106 %Total operating expenses$248,712 $224,264 $24,448 11 %

Research and Development

Research and development expenses decreased $9.5 million, or 11%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The decrease was primarily due to a decrease of $8.7 million in personnel-related costs and a decrease of $0.7 million in allocated overhead costs.

Sales and Marketing

Sales and marketing expenses decreased $4.5 million, or 4%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The decrease was primarily due to a decrease of $3.8 million in personnel-related costs and a decrease of $0.6 million in fees to marketing vendors.

General and Administrative

General and administrative expenses increased $38.4 million, or 106%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase was primarily due to an increase of $30.7 million in impairment charges and an increase of $5.9 million in personnel-related costs driven by an increase in stock-based compensation expense.

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

Three Months Ended