Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 353

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 353
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084 523,481 477,953 Operating expenses:Research and development (1)73,813 83,286 228,316 257,228 Sales and marketing (1)100,243 104,708 306,761 317,689 General and administrative (1)74,656 36,270 151,750 106,182 Total operating expenses248,712 224,264 686,827 681,099 Loss from operations(69,986)(60,180)(163,346)(203,146)Interest income and other income (expense), net3,609 4,949 12,746 16,069 Interest expense(767)(934)(2,355)(2,831)Loss before provision for income taxes(67,144)(56,165)(152,955)(189,908)Provision for income taxes1,289 1,161 3,856 3,329 Net loss$(68,433)$(57,326)$(156,811)$(193,237)

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(1)Amounts include stock-based compensation expense as follows:

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Cost of revenues$439 $354 $1,280 $1,030 Research and development26,109 28,087 81,450 88,872 Sales and marketing13,560 15,837 46,483 48,334 General and administrative14,638 7,677 35,854 22,466 Total stock-based compensation expense$54,746 $51,955 $165,067 $160,702 

31

The following table sets forth the components of our statements of operations data, for each of the periods presented, as a percentage of revenues. 

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(percent of revenues)Revenues100 %100 %100 %100 %Cost of revenues11 11 11 11 Gross margin89 89 89 89 Operating expenses:Research and development37 45 39 48 Sales and marketing50 57 52 59 General and administrative37 20 26 20 Total operating expenses124 122 117 127 Loss from operations(35)(33)(28)(38