Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 359

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 359
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 example, 

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other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period. All of these limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.

The following tables reconcile the most directly comparable GAAP financial measure to each of these non-GAAP financial measures.

Non-GAAP Income (Loss) From Operations 

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Loss from operations$(69,986)$(60,180)$(163,346)$(203,146)Add:Stock-based compensation and related employer payroll tax associated with RSUs55,609 52,549 168,896 164,087 Impairment of long-lived assets30,716 — 30,716 — Restructuring costs— — 2,217 — Non-GAAP income (loss) from operations$16,339 $(7,631)$38,483 $(39,059)

Non-GAAP Net Income (Loss)

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Net loss$(68,433)$(57,326)$(156,811)$(193,237)Add:Stock-based compensation and related employer payroll tax associated with RSUs55,609 52,549 168,896 164,087 Impairment of long-lived assets30,716 — 30,716 — Restructuring costs— — 2,217 — Non-GAAP net income (loss)$17,892 $(4,777)$45,018 $(29,150)

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Free Cash Flow and Adjusted Free Cash Flow

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Net cash provided by (used in) investing activities$9,276 $41,516 $(5,466)$20,211 Net cash used in financing activities$(26,007)$(48,919