Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 255

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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 the Repurchase Program will be determined by the Company in its discretion. The Repurchase Program does not obligate the Company to acquire any particular amount of Class A common stock, and the Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. The Repurchase Program will be funded using the Company’s working capital and was initially authorized through June 30, 2025.The following table summarizes the stock repurchase activity under the Company’s Repurchase Program (in thousands, except per share data):Three Months Ended April 30,20252024Number of shares repurchased1,034 — Weighted-average price per share$15.09 $— Aggregate purchase price$15,606 $— On May 30, 2025, the Company’s board of directors amended the Repurchase Program to remove the expiration date of the Repurchase Program and authorized the repurchase of an additional $100.0 million of the Company’s outstanding Class A common stock pursuant to the Repurchase Program. As of April 30, 2025, $56.0 million remained available for future stock repurchases under the Repurchase Program, and, after the increase, the Company now has a total of $156.0 million available for future repurchases under the Repurchase Program. The Repurchase Program, as amended, has no specified expiration date and will continue until the funds committed to the Repurchase Program are exhausted or such authorization is revoked by the Company’s board of directors.All shares of Class A common stock subsequently repurchased were retired. Upon retirement, the par value of the common stock repurchased was deducted from common stock and any excess of repurchase price over par value was recorded entirely to accumulated deficit in the condensed consolidated balance sheets.

Note 11.    Interest Income and Other Income (Expense), Net

Interest income and other income (expense), net consist of the following (in thousands):Three Months Ended April 30,20252024Interest income$4,232 $5,376 Unrealized losses on foreign currency transactions(758)(525)Other non-operating income (expense)2,356 (491)Total interest income and other income (expense), net$5,830 $4,360 Other non-operating income (expense) consists primarily of realized foreign currency gains and losses on transactions in the periods presented.

Note 12.    Income Taxes

The Company's income tax expense was $1.2 million and $