Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 250

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 20282,861 20291,877 Total sublease payments to be received$9,478 

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 

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

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 April 30,20252024Numerator:Net loss$(40,018)$(63,722)Denominator:Weighted-average shares used in calculating net loss per share, basic and diluted234,859227,069Net loss per share, basic and diluted$(0.17)$(0.28)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 April 30,20252024Stock options5,716 9,435 Restricted stock units18,063 15,739 Shares issuable pursuant to the 2020 Employee Stock Purchase Plan212 149 Total23,991 25,323 

Note 10.    Stockholders’ Equity 

Common StockThere are two classes of common stock that total 1,500,000,000 authorized shares: 1,000,000,000 authorized shares of Class A common stock and 500,000,000 authorized shares of Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock is entitled to 10 votes per share and is convertible into one share of Class A common stock. Prior to the Company’s direct listing, which was completed on September 30, 2020, all 73,577,455 outstanding shares of redeemable convertible preferred stock were converted into an equivalent number of shares of Class B common stock. There were 155,657