Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 273

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 273
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 2024224,728 $2 $1,821,216 $(236)$(1,494,586)$326,396 Issuance of common stock upon the exercise of stock options673 — 2,129 — — 2,129 Repurchases and retirement of common stock(1,446)— — — (19,721)(19,721)Issuance of common stock upon the vesting and settlement of restricted stock units4,880 — (4)— — (4)Issuance of common stock under employee share purchase plan654 — 8,866 — — 8,866 Stock-based compensation expense— — 110,704 — — 110,704 Net unrealized gains on marketable securities— — — 38 — 38 Foreign currency translation adjustments— — — (580)— (580)Net loss— — — — (135,911)(135,911)Balances at July 31, 2024229,489 $2 $1,942,911 $(778)$(1,650,218)$291,917 

See accompanying Notes to Condensed Consolidated Financial Statements.

7

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Six Months Ended July 31,20252024Cash flows from operating activitiesNet loss$(88,378)$(135,911)Adjustments to reconcile net loss to net cash provided by operating activities:Allowance for expected credit losses1,193 372 Depreciation and amortization10,109 8,293 Amortization of deferred contract acquisition costs13,769 12,493 Stock-based compensation expense110,321 108,747 Net accretion of discount on marketable securities(1,278)(3,556)Non-cash lease expense9,122 8,888 Amortization of discount on revolving credit facility and term loan issuance costs60 61 Changes in operating assets and liabilities:Accounts receivable17,767 22,914 Prepaid expenses and other current assets(20,179)(13,598)Other assets274 (3,081)Accounts payable6,261 6,369 Accrued expenses and other liabilities(12,170)(6,373)