Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 265

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 265
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 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 October 31,Nine Months Ended October 31,2025202420252024United States$118,487 $110,320 $346,523 $322,978 International82,546 73,562 238,713 212,564 Total Revenues$201,033 $183,882 $585,236 $535,542 Revenues by geography are based on the shipping address of the customer. Long-Lived AssetsAs ofOctober 31, 2025January 31, 2025United States$207,210 $248,698 International18,012 13,683 Total long-lived assets$225,222 $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 October 31, 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 nine months ended October 31, 2025, the Company recorded restructuring charges of $2.2 million and settled the restructuring liability. No restructuring charges were incurred during the three months ended October 31, 2025, and 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 condensed consolidated statement of operations for the nine months ended October 31, 2025 as follows:Severance and Related ChargesStock-Based Compensation Expense (Benefit)TotalResearch and development$1,042 $(94)$948 Sales and marketing885 (54)831 General and administrative460 (22)438 Total$2,387 $(