Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 225

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 225
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813 $(8,869)(4)%

Research and Development

Research and development expenses decreased $7.7 million, or 9%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The decrease was primarily due to a decrease of $6.1 million in personnel-related costs and a decrease of $1.6 million in allocated overhead costs.

Sales and Marketing

Sales and marketing expenses decreased $4.5 million, or 4%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The decrease was primarily due to a decrease of $2.7 million in fees to marketing vendors, a decrease of $1.0 million in professional fees, and a decrease of $1.0 million in allocated overhead costs, partially offset by an increase of $0.3 million in subscription and software related expenses.

General and Administrative

General and administrative expenses increased $3.3 million, or 10%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The increase was primarily due to an increase of $1.8 million in personnel-related costs driven by an increase in stock-based compensation expense, an increase of $0.9 million in tax contingencies, an increase of $0.8 million in provision for credit losses, and an increase of $0.2 million in subscription and software related expenses, partially offset by a decrease of $0.4 million in allocated overhead costs.

29

Interest Income, Interest Expense, and Other Income (Expense), Net

Three Months Ended April 30,20252024$ Change% Change(dollars in thousands)Interest income and other income (expense), net$5,830 $4,360 $1,470 34 %Interest expense(791)(942)151 (16)%

Interest income and other income (expense), net increased by $1.5 million during the three months ended April 30, 2025 compared to the three months ended April 30, 2024, primarily due to an increase of $2.6 million for the impact of foreign currency transaction gains and losses, partially offset by a decrease of $1.1 million in interest income on marketable securities. Interest expense decreased during the three months ended April 30,