Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 12

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.

The following tables reconcile the most directly comparable GAAP financial measure to each of these non-GAAP financial measures.

Non-GAAP Income (Loss) From Operations 

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Loss from operations$(49,456)$(76,797)$(93,360)$(142,966)Add:Stock-based compensation and related employer payroll tax associated with RSUs63,463 61,139 113,287 111,538 Restructuring costs— — 2,217 — Non-GAAP income (loss) from operations$14,007 $(15,658)$22,144 $(31,428)

Non-GAAP Net Income (Loss)

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Net loss$(48,360)$(72,189)$(88,378)$(135,911)Add:Stock-based compensation and related employer payroll tax associated with RSUs63,463 61,139 113,287 111,538 Restructuring costs— — 2,217 — Non-GAAP net income (loss)$15,103 $(11,050)$27,126 $(24,373)

Free Cash Flow and Adjusted Free Cash Flow

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Net cash (used in) provided by investing activities$(18,918)$56 $(14,742)$(21,305)Net cash used in financing activities$(30,556)$(19,228)$(36,079)$(9,281)Net cash provided by operating activities$39,835 $15,858 $46,599 $13,960 Less:Purchases of property and equipment(1,297)(1,690)(1,935)(2,692)Capitalized internal-use software costs(3,156)(1,408)(5,287)(2,783)Free cash flow$35,382 $12,760 $39,377 $8,485 Add:Restructuring costs paid57 — 5,944 — Adjusted free cash flow$35,439 $12,760 $45,321 $8