Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 216

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 216
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 common stock and any excess of repurchase price over par value was recorded entirely to accumulated deficit in the condensed consolidated balance sheets.

Note 11.    Interest Income and Other Income (Expense), Net

Interest income and other income (expense), net consist of the following (in thousands):Three Months Ended April 30,20252024Interest income$4,232 $5,376 Unrealized losses on foreign currency transactions(758)(525)Other non-operating income (expense)2,356 (491)Total interest income and other income (expense), net$5,830 $4,360 Other non-operating income (expense) consists primarily of realized foreign currency gains and losses on transactions in the periods presented.

Note 12.    Income Taxes

The Company's income tax expense was $1.2 million and $1.0 million for the three months ended April 30, 2025 and 2024, respectively, primarily due to income taxes in foreign jurisdictions. 

21

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

Note 13.    Geographic Information 

The following tables set forth revenues and long-lived assets, which primarily consist of property and equipment, net and operating lease ROU assets, by geographic area for the periods presented below (in thousands): RevenuesThree Months Ended April 30,20252024United States$111,537 $104,426 International75,730 68,022 Total Revenues$187,267 $172,448 Revenues by geography are based on the shipping address of the customer. Long-Lived AssetsAs ofApril 30, 2025January 31, 2025United States$244,373 $248,698 International15,177 13,683 Total long-lived assets$259,550 $262,381 

Note 14.     Restructuring

In the fourth quarter of fiscal 2025, the Company approved a restructuring plan (the “2025 Restructuring Plan”) intended to improve operational efficiencies and operating costs and better align the Company’s workforce with its business needs, top strategic priorities, and key growth opportunities. The 2025 Restructuring Plan involved a reduction of the Company’s workforce by approximately 5% globally. As of April 30, 2025, the Company has recorded total restructuring charges of $6.7