Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 351

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 8
Chunk 351
---
 personnel-related costs, a decrease of $0.6 million in fees to marketing vendors, a decrease of $0.4 million in travel and entertainment costs, and a decrease of $0.2 million in professional fees, partially offset by an increase of $0.5 million in allocated overhead costs.

General and Administrative

General and administrative expenses increased $3.9 million, or 11%, during the three months ended July 31, 2025 compared to the three months ended July 31, 2024. The increase was primarily due to an increase of $3.5 million in personnel-related costs driven by an increase in stock-based compensation expense, an increase of $0.6 million in professional fees, and an increase of $0.5 million in allocated overhead costs, partially offset by a decrease of $0.4 million in subscription and software related expenses, a decrease of $0.2 million in insurance expenses, and a decrease of $0.1 million in cloud computing and related costs.

32

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

Three Months Ended July 31,20252024$ Change% Change(dollars in thousands)Interest income and other income (expense), net$3,307 $6,760 $(3,453)(51)%Interest expense(797)(955)158 17 %

Interest income and other income (expense), net decreased by $3.5 million, or 51%, during the three months ended July 31, 2025 compared to the three months ended July 31, 2024, primarily due to a decrease of $2.2 million for the impact of foreign currency transaction gains and losses and a decrease of $1.3 million in interest income on marketable securities. Interest expense decreased by $0.2 million, or 17%, during the three months ended July 31, 2025 compared to the three months ended July 31, 2024, primarily due to a decrease in interest rates.

Comparison of Six Months Ended July 31, 2025 to Six Months Ended July 31, 2024 

Revenues 

Six Months Ended July 31,20252024$ Change% Change(dollars in thousands)Revenues$384,203 $351,660 $32,543 9 %

Revenues increased $32.5 million, or 9%, during the six months ended