Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 210

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 210
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 condensed consolidated statements of operations.As of October 31, 2025, the Company has a commitment of $2.2 million for an operating lease that has not yet commenced, and therefore is not included in the ROU asset or operating lease liabilities. The foregoing operating lease will commence in the first quarter of fiscal 2027, with a lease term of seven years. 

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

Operating lease amounts in the table above do not include sublease payments to be received of $17.8 million. As of October 31, 2025, the future total minimum sublease payments to be received were as follows (in thousands):Fiscal year ending January 31,Sublease Payments to be ReceivedRemainder of fiscal year 2026$1,007 20275,045 20285,524 20294,620 2030 and thereafter1,628 Total sublease payments to be received$17,824 

Note 9.      Net Loss Per Share

The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting and conversion rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses.The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Numerator:Net loss$(68,433)$(57,326)$(156,811)$(193,237)Denominator:Weighted-average shares used in calculating net loss per share, basic and diluted237,790229,624236,307228,830 Net loss per share, basic and diluted$(0.29)$(0.25)$(0.66)$(0.84)The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands):Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Stock options5,213 8,375 5,213 8,375 Restricted