Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 253

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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ured Credit Facility were as follows (in thousands):As ofOctober 31, 2025January 31, 2025Principal$40,625 $44,375 Accrued interest263 299 Unamortized loan issuance costs(49)(84)Net carrying amount$40,839 $44,590 Term loan, current$5,263 $5,299 Term loan, noncurrent$35,576 $39,291 

17

ASANA, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

The net carrying amount of the current portion of the term loan is presented within accrued expenses and other current liabilities in the condensed consolidated balance sheets.The expected future principal payments for all borrowings as of October 31, 2025 is as follows (in thousands): Fiscal year ending January 31,Expected Principal PaymentsRemainder of fiscal year 2026$1,250 202739,375 Total expected future principal payments$40,625 

Note 7.       Commitments and Contingencies

Standby Letters of CreditAs of October 31, 2025, the Company had several letters of credit outstanding related to its operating leases totaling $21.7 million. The letters of credit expire at various dates between fiscal 2028 and 2035. Purchase CommitmentsIn November 2024, the Company entered into a 60-month contract with Amazon Web Services (“AWS”) for hosting-related services, which replaced the Company’s prior agreement with AWS and terminated the remaining commitments under the prior agreement. Pursuant to the terms of the November 2024 contract with AWS, the Company is required to spend $255.0 million over the term of the contract between December 2024 to November 2029. The commitment may be offset by up to $4.2 million in credits, of which $3.7 million are subject to the Company meeting certain conditions of the agreement. As of October 31, 2025, the Company had purchase commitments remaining of $216.4 million under this contract, which are not reflected on the Company’s condensed consolidated balance sheet as of October 31, 2025. Future commitments under this contract as of October 31, 2025, are as follows (in thousands):Fiscal year ending January 31,Purchase CommitmentsRemainder of fiscal year 2026$3,359 202745