Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 5

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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 $384,203 $351,660 Cost of revenues (1)20,221 19,987 39,448 37,791 Gross profit176,715 159,225 344,755 313,869 Operating expenses:Research and development (1)79,376 91,151 154,503 173,942 Sales and marketing (1)106,677 108,649 206,518 212,981 General and administrative (1)40,118 36,222 77,094 69,912 Total operating expenses226,171 236,022 438,115 456,835 Loss from operations(49,456)(76,797)(93,360)(142,966)Interest income and other income (expense), net3,307 6,760 9,137 11,120 Interest expense(797)(955)(1,588)(1,897)Loss before provision for income taxes(46,946)(70,992)(85,811)(133,743)Provision for income taxes1,414 1,197 2,567 2,168 Net loss$(48,360)$(72,189)$(88,378)$(135,911)

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(1)Amounts include stock-based compensation expense as follows:

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Cost of revenues$497 $393 $841 $676 Research and development30,977 34,045 55,341 60,785 Sales and marketing18,100 17,249 32,923 32,497 General and administrative12,580 8,420 21,216 14,789 Total stock-based compensation expense$62,154 $60,107 $110,321 $108,747 

The following table sets forth the components of our statements of operations data, for each of the periods presented, as a percentage of revenues. 

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(percent of revenues)Revenues100 %100 %100 %100 %Cost of revenues10 11 10 11 Gross margin90 89 90 89 Operating expenses:Research and development40 51 40 49 Sales and marketing54 61