Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 196

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 196
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,722)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Allowance for expected credit losses1,027 199 Depreciation and amortization4,963 4,014 Amortization of deferred contract acquisition costs6,691 6,087 Stock-based compensation expense48,167 48,640 Net accretion of discount on marketable securities(736)(1,831)Non-cash lease expense4,540 4,452 Amortization of discount on revolving credit facility and term loan issuance costs30 30 Changes in operating assets and liabilities:Accounts receivable18,738 (11,732)Prepaid expenses and other current assets(8,846)(4,402)Other assets(714)(894)Accounts payable(1,724)6,446 Accrued expenses and other liabilities(7,442)(10,183)Deferred revenue(12,512)25,851 Operating lease liabilities(5,400)(4,853)Net cash provided by (used in) operating activities6,764 (1,898)Cash flows from investing activitiesPurchases of marketable securities(34,055)(70,484)Maturities of marketable securities41,000 51,500 Purchases of property and equipment(638)(1,002)Capitalized internal-use software costs(2,131)(1,375)Net cash provided by (used in) investing activities4,176 (21,361)Cash flows from financing activitiesRepurchases of common stock(14,526)— Proceeds from exercise of stock options1,257 1,085 Proceeds from employee stock purchase plan7,746 8,866 Taxes paid related to net share settlement of equity awards— (4)Net cash (used in) provided by financing activities(5,523)9,947 Effect of foreign exchange rates on cash, cash equivalents, and restricted cash3,799 (1,302)Net increase (decrease) in cash, cash equivalents, and restricted cash9,216 (14,614)Cash, cash equivalents, and restricted cashBeginning of period184,864 236,663 End of period$194,080 $222,049 

See accompanying Notes to Condensed Consolidated Financial Statements.

6

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTIN