Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 355

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 355
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 October 31, 2024. The decrease was primarily due to a decrease of $8.7 million in personnel-related costs and a decrease of $0.7 million in allocated overhead costs.

Sales and Marketing

Sales and marketing expenses decreased $4.5 million, or 4%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The decrease was primarily due to a decrease of $3.8 million in personnel-related costs and a decrease of $0.6 million in fees to marketing vendors.

General and Administrative

General and administrative expenses increased $38.4 million, or 106%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase was primarily due to an increase of $30.7 million in impairment charges and an increase of $5.9 million in personnel-related costs driven by an increase in stock-based compensation expense.

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

Three Months Ended October 31,20252024$ Change% Change(dollars in thousands)Interest income and other income (expense), net$3,609 $4,949 $(1,340)(27)%Interest expense(767)(934)167 18 %

Interest income and other income (expense), net decreased by $1.3 million, or 27%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024, primarily due to a decrease of $0.7 million in interest income on marketable securities and a decrease of $0.6 million for the impact of foreign currency transaction gains and losses. Interest expense decreased by $0.2 million, or 18%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024, primarily due to a decrease in interest rates.

Comparison of Nine Months Ended October 31, 2025 to Nine Months Ended October 31, 2024 

Revenues 

Nine Months Ended October 31,20252024$ Change% Change(dollars in thousands)Revenues$585,236 $535,542 $49,694 9 %

Revenues increased $49.7 million, or 9%, during the nine months ended October 31, 2025 compared to the