Company: ASAN
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001477720-25-000045
Chunk: 4

Company: Asana, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 4
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ATIONS(in thousands, except per share amounts)

Year Ended January 31,202520242023Revenues$723,876 $652,504 $547,212 Cost of revenues77,193 64,524 56,559 Gross profit646,683 587,980 490,653 Operating expenses:Research and development341,467 324,688 297,209 Sales and marketing419,950 391,955 434,961 General and administrative152,001 141,334 166,309 Total operating expenses913,418 857,977 898,479 Loss from operations(266,735)(269,997)(407,826)Interest income and other income (expense), net19,647 20,624 6,933 Interest expense(3,683)(3,952)(2,000)Loss before provision for income taxes(250,771)(253,325)(402,893)Provision for income taxes4,765 3,705 4,875 Net loss$(255,536)$(257,030)$(407,768)Net loss per share:Basic and diluted$(1.11)$(1.17)$(2.04)Weighted-average shares used in calculating net loss per share:Basic and diluted229,472 220,406 200,034

See accompanying Notes to Consolidated Financial Statements.

76

ASANA, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(in thousands)

Year Ended January 31,202520242023Net loss$(255,536)$(257,030)$(407,768)Other comprehensive loss, net of tax:Net unrealized gains (losses) on marketable securities(2)679 62 Change in foreign currency translation adjustments(3,613)(42)(309)Comprehensive loss$(259,151)$(256,393)$(408,015)

See accompanying Notes to Consolidated Financial Statements.

77

ASANA, INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(in thousands)

Common StockAdditionalPaid-InAccumulated Other Comprehensive LossAccumulated DeficitTotal Stockholders' EquitySharesAmountBalances at January 31, 2022188,298 $2 $1,034,252 $(626)$(829,788)$203,840 Issuance of common stock upon the exercise of options2,021 — 5