Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 193

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 193
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

ASANA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As ofApril 30, 2025January 31, 2025AssetsCurrent assetsCash and cash equivalents$193,791 $184,728 Marketable securities277,011 282,156 Restricted cash289 136 Accounts receivable, net68,076 87,567 Prepaid expenses and other current assets49,329 46,154 Total current assets588,496 600,741 Property and equipment, net94,740 95,836 Operating lease right-of-use assets164,810 166,545 Other assets29,087 28,293 Total assets$877,133 $891,415 Liabilities and Stockholders’ EquityCurrent liabilitiesAccounts payable$7,942 $9,922 Accrued expenses and other current liabilities78,310 83,031 Deferred revenue, current288,993 300,798 Operating lease liabilities, current24,118 22,066 Total current liabilities399,363 415,817 Term loan, net38,053 39,291 Deferred revenue, noncurrent1,298 2,005 Operating lease liabilities, noncurrent197,082 201,733 Other liabilities5,033 5,046 Total liabilities640,829 663,892 Commitments and contingencies (Note 7)Stockholders' equityCommon stock2 2 Additional paid-in capital2,118,447 2,059,848 Accumulated other comprehensive income (loss)1,955 (3,851)Accumulated deficit(1,884,100)(1,828,476)Total stockholders’ equity236,304 227,523 Total liabilities and stockholders’ equity$877,133 $891,415 

See accompanying Notes to Condensed Consolidated Financial Statements.

1

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months Ended April 30,20252024Revenues$187,267 $172,448 Cost of revenues19,227 17,804 Gross profit168,040 154,644 Operating expenses:Research and development75,127 82,791 Sales and marketing