Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 264

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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28

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 $220,813 $(8,869)(4)%

Research and Development

Research and development expenses decreased $7.7 million, or 9%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The decrease was primarily due to a decrease of $6.1 million in personnel-related costs and a decrease of $1.6 million in allocated overhead costs.

Sales and Marketing

Sales and marketing expenses decreased $4.5 million, or 4%, during the three months ended April 30, 2025 compared to the three months ended April 30, 2024. The decrease was primarily due to a decrease of $2.7 million in fees to marketing vendors, a decrease of $1.0 million in professional fees, and a decrease of $1.0