Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 224

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 224
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)Provision for income taxes**Net loss(21)%(37)%_______________

* Less than 1%.

Note: Certain figures may not sum due to rounding.

Comparison of Three Months Ended April 30, 2025 to Three Months Ended April 30, 2024 

Revenues 

Three Months Ended April 30,20252024$ Change% Change(dollars in thousands)Revenues$187,267 $172,448 $14,819 9 %

Revenues increased $14.8 million, or 9%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The increase in revenues was primarily due to the addition of new paying customers and a continued shift in our sales mix toward our higher priced subscription plans, such as Enterprise and Enterprise+ plans.

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Cost of Revenues and Gross Margin

Three Months Ended April 30,20252024$ Change% Change(dollars in thousands)Cost of revenues$19,227 $17,804 $1,423 8 %Gross margin90 %90 %

Cost of revenues increased $1.4 million, or 8%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The increase was primarily due to an increase of $0.5 million in amortization of capitalized software development costs, an increase of $0.5 million in professional services related fees, an increase of $0.4 million in infrastructure and application performance monitoring costs, an increase of $0.2 million in personnel-related costs, and an increase of $0.1 million in third-party hosting costs, partially offset by a decrease of $0.2 million credit card processing fees and a decrease of $0.1 million in equipment and related costs.

Our gross margin remained consistent during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. 

Operating Expenses

Three Months Ended April 30,20252024$ Change% Change(dollars in thousands)Research and development$75,127 $82,791 $(7,664)(9)%Sales and marketing99,841 104,332 (4,491)(4)%General and administrative36,976 33,690 3,286 10 %Total operating expenses$211,944 $220,