Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 10

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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), net$9,137 $11,120 $(1,983)(18)%Interest expense(1,588)(1,897)309 16 %

Interest income and other income (expense), net decreased by $2.0 million, or 18%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024, primarily due to a decrease of $2.4 million in interest income on marketable securities, partially offset by an increase of $0.5 million for the impact of foreign currency transaction gains and losses. Interest expense decreased by $0.3 million, or 16%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024, primarily due to a decrease in interest rates.

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Non-GAAP Financial Measures 

The following tables present certain non-GAAP financial measures for each period presented below. In addition to our results determined in accordance with GAAP, we believe these non-GAAP financial measures are useful in evaluating our operating performance. See below for a description of the non-GAAP financial measures and their limitations as an analytical tool. 

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Non-GAAP income (loss) from operations$14,007 $(15,658)$22,144 $(31,428)Non-GAAP net income (loss)$15,103 $(11,050)$27,126 $(24,373)Free cash flow$35,382 $12,760 $39,377 $8,485 Adjusted free cash flow$35,439 $12,760 $45,321 $8,485 

Non-GAAP Income (Loss) From Operations and Non-GAAP Net Income (Loss)

We define non-GAAP income (loss) from operations as loss from operations plus stock-based compensation expense and the related employer payroll tax associated with RSUs, impairment of long-lived assets, and restructuring costs. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and that do not correlate to the operation of the business. The restructuring costs are related to the reduction of our global workforce, which resulted in expenses related to severance, benefits, and other related items. When evaluating the performance of our business and making operating plans, we do not