Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 232

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 232
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.4 million decrease in operating lease liabilities, a $1.7 million decrease in accounts payable, and a $0.7 million increase in other assets. These amounts were partially offset by a $18.7 million decrease in accounts receivable.

Net cash used in operating activities of $1.9 million for the three months ended April 30, 2024 reflects our net loss of $63.7 million, adjusted by non-cash items such as stock-based compensation expense of $48.6 million, amortization of deferred contract acquisition costs of $6.1 million, non-cash lease expense of $4.5 million, depreciation and amortization of $4.0 million, provision for expected credit losses of $0.2 million, partially offset by net accretion of discount on marketable securities of $1.8 million, and net cash inflows of $0.2 million from changes in our operating assets and liabilities. The net cash inflows from changes in operating assets and liabilities primarily consisted of a $25.9 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 $11.7 million increase in accounts receivable, a $10.2 million decrease in accrued expenses and other liabilities primarily from accrued payroll liabilities, a $4.9 million decrease in operating lease liabilities, a $4.4 million increase in prepaid expenses and other current assets related to an increase in deferred contract acquisition costs, and a $0.9 million increase in other assets. 

Investing Activities

Net cash provided by investing activities of $4.2 million for the three months ended April 30, 2025 consisted of $41.0 million in maturities of marketable securities, partially offset by $34.1 million in purchases of marketable securities, $2.1 million in capitalized internal-use software costs, and $0.6 million in purchases of property and equipment.

Net cash used in investing activities of $21.4 million for the three months ended April 30, 2024 consisted of $70.5 million in purchases of marketable securities, $1.4 million in capitalized internal-use software costs, and $1.0 million in purchases of property and equipment. This was partially offset by $51.5 million in maturities of marketable securities. 

Financing Activities

Net cash used in financing activities of $5.5 million for the three months ended