Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 333

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 8
Chunk 333
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 of lease expense in the Company’s condensed consolidated statements of operations.As of July 31, 2025, the Company has a commitment of $2.2 million for an operating lease that has not yet commenced, and therefore is not included in the ROU asset or operating lease liabilities. The foregoing operating lease will commence in the first quarter of fiscal 2027, with a lease term of seven years. On August 1, 2025, the Company entered into an operating lease which will commence in the third quarter of fiscal 2026, with a lease term of seven years. The Company has a commitment of $5.9 million related to this lease, which will be reflected in the ROU asset and lease liabilities upon lease commencement.Operating lease amounts in the table above do not include sublease payments to be received of $8.9 million. As of July 31, 2025, the future total minimum sublease payments to be received were as follows (in thousands):Fiscal year ending January 31,Sublease Payments to be ReceivedRemainder of fiscal year 2026$1,360 20272,777 20282,861 20291,877 Total sublease payments to be received$8,875 

Note 9.      Net Loss Per Share

The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common 

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

stock and Class B common stock are substantially identical, other than voting and conversion rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses.The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Numerator:Net loss$(48,360)$(72,189)$(88,378)$(135,911)Denominator:Weighted-average shares used in calculating net loss per share, basic and diluted236,218229,760235,550228,430 Net loss per share, basic and diluted$(0.20)$(0.31)$(0.38)$(0.59)The potential shares of common stock that were excluded