Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 210

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 210
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. The Company recognizes sublease income as a reduction of lease expense in the Company’s condensed consolidated statements of operations.As of April 30, 2025, the Company has a commitment of $2.4 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 fourth quarter of fiscal 2026, with a lease term of seven years.Operating lease amounts in the table above do not include sublease payments to be received of $9.5 million. As of April 30, 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$1,963 20272,777 20282,861 20291,877 Total sublease payments to be received$9,478 

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 

17

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 April 30,20252024Numerator:Net loss$(40,018)$(63,722)Denominator:Weighted-average shares used in calculating net loss per share, basic and diluted234,859227,069Net loss per share, basic and diluted$(0.17)$(0.28)The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands):Three Months Ended April 30,20252024Stock options5,716 9,435 Restricted stock units18,063 15,739 Shares issuable pursuant to the 2020 Employee Stock Purchase Plan212 149 Total23,991 25,323 

Note 10.    Stockholders’ Equity