Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 283

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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 million decrease in operating lease liabilities, a $11.4 million decrease in accrued expenses and other liabilities primarily from accrued advertising expenses and accrued payroll liability, and a $4.6 million increase in other assets. These amounts were partially offset by a $20.6 million decrease in accounts receivable, a $10.9 million increase in deferred revenue resulting from increased billings for subscriptions, and a $4.6 million increase in accounts payable.

Investing Activities

Net cash used in investing activities of $5.5 million for the nine months ended October 31, 2025 consisted of $161.1 million in purchases of marketable securities, $7.4 million in capitalized internal-use software costs, and $2.6 million in purchases of property and equipment. This was partially offset by $165.6 million in maturities of marketable securities.

Net cash provided by investing activities of $20.2 million for the nine months ended October 31, 2024 consisted of $195.6 million in maturities of marketable securities, partially offset by $166.6 million in purchases of marketable securities, $4.7 million in capitalized internal-use software costs, and $4.1 million in purchases of property and equipment.

Financing Activities

Net cash used in financing activities of $62.1 million for the nine months ended October 31, 2025 consisted of $74.2 million in repurchases of Class A common stock and $3.8 million in repayment of term loan. This was partially offset by $13.0 million in proceeds from our employee stock purchase plan and $2.8 million in proceeds from the exercise of stock options.

Net cash used in financing activities of $58.2 million for the nine months ended October 31, 2024 consisted of $73.9 million in repurchases of Class A common stock and $1.9 million in repayment of term loan. This was partially offset by $13.7 million in proceeds from our employee stock purchase plan and $3.9 million in proceeds from the exercise of stock options.

39

Contractual Obligations and Commitments

During the nine months ended October 31, 2025, there were no material changes in our contractual obligations and other commitments as disclosed in our Annual Report on Form 10-K filed with the SEC on March 18, 2025. 

For further information on our commitments and contingencies, refer to Note 7. Commitments and Contingencies