Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 256

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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1.0 million for the three months ended April 30, 2025 and 2024, respectively, primarily due to income taxes in foreign jurisdictions. 

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

Note 13.    Geographic Information 

The following tables set forth revenues and long-lived assets, which primarily consist of property and equipment, net and operating lease ROU assets, by geographic area for the periods presented below (in thousands): RevenuesThree Months Ended April 30,20252024United States$111,537 $104,426 International75,730 68,022 Total Revenues$187,267 $172,448 Revenues by geography are based on the shipping address of the customer. Long-Lived AssetsAs ofApril 30, 2025January 31, 2025United States$244,373 $248,698 International15,177 13,683 Total long-lived assets$259,550 $262,381 

Note 14.     Restructuring

In the fourth quarter of fiscal 2025, the Company approved a restructuring plan (the “2025 Restructuring Plan”) intended to improve operational efficiencies and operating costs and better align the Company’s workforce with its business needs, top strategic priorities, and key growth opportunities. The 2025 Restructuring Plan involved a reduction of the Company’s workforce by approximately 5% globally. As of April 30, 2025, the Company has recorded total restructuring charges of $6.7 million related to the 2025 Restructuring Plan. As of January 31, 2025, the Company had $3.7 million restructuring charges reflected within accrued expenses and other current liabilities. During the three months ended April 30, 2025, the Company recorded restructuring charges of $2.2 million and settled substantially all restructuring liability, with $0.1 million reflected within accrued expenses and other current liabilities as of April 30, 2025. The Company does not expect to incur further material restructuring charges related to the 2025 Restructuring Plan in future periods.The restructuring costs related to the 2025 Restructuring Plan are recognized in the consolidated statement of operations for the three months ended April 30, 2025 as follows:Severance and Related ChargesStock-Based Compensation Expense (Benefit)TotalResearch and