Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 17

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 expected credit losses of $0.4 million, partially offset by net accretion of discount on marketable securities of $3.6 million, and net cash inflows of $14.6 million from changes in our operating assets and liabilities. The net cash inflows from changes in operating assets and liabilities primarily consisted of a $22.9 million decrease in accounts receivable, a $18.0 million increase in deferred revenue resulting from increased billings for subscriptions, and a $6.4 million increase in accounts payable. These amounts were partially offset by a $13.6 million increase in prepaid expenses and other current assets related to an increase in deferred contract acquisition costs, a $9.6 million decrease in operating lease liabilities, a $6.4 million decrease in accrued expenses and other liabilities primarily from accrued advertising expenses and accrued payroll liability, and a $3.1 million increase in other assets. 

Investing Activities

Net cash used in investing activities of $14.7 million for the six months ended July 31, 2025 consisted of $104.1 million in purchases of marketable securities, $5.3 million in capitalized internal-use software costs, and $1.9 million in purchases of property and equipment. This was partially offset by $96.6 million in maturities of marketable securities.

Net cash used in investing activities of $21.3 million for the six months ended July 31, 2024 consisted of $107.1 million in purchases of marketable securities, $2.8 million in capitalized internal-use software costs, and $2.7 million in purchases of property and equipment. This was partially offset by $91.3 million in maturities of marketable securities. 

Financing Activities

Net cash used in financing activities of $36.1 million for the six months ended July 31, 2025 consisted of $43.4 million in repurchases of Class A common stock and $2.5 million in repayment of term loan. This was partially offset by $7.7 million in proceeds from our employee stock purchase plan and $2.1 million in proceeds from the exercise of stock options.

Net cash used in financing activities of $9.3 million for the six months ended July 31, 2024 consisted of $19.0 million in repurchases of Class A common stock and $1.3 million in repayment of term loan. This was partially offset by $8.9 million in proceeds from our employee stock purchase plan