Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 274

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 274
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Deferred revenue10,820 17,970 Operating lease liabilities(11,092)(9,628)Net cash provided by operating activities46,599 13,960 Cash flows from investing activitiesPurchases of marketable securities(104,096)(107,126)Maturities of marketable securities96,576 91,296 Purchases of property and equipment(1,935)(2,692)Capitalized internal-use software costs(5,287)(2,783)Net cash used in investing activities(14,742)(21,305)Cash flows from financing activitiesRepayment of term loan(2,500)(1,250)Repurchases of common stock(43,398)(19,022)Proceeds from exercise of stock options2,073 2,129 Proceeds from employee stock purchase plan7,746 8,866 Taxes paid related to net share settlement of equity awards— (4)Net cash used in financing activities(36,079)(9,281)Effect of foreign exchange rates on cash, cash equivalents, and restricted cash4,030 (182)Net decrease in cash, cash equivalents, and restricted cash(192)(16,808)Cash, cash equivalents, and restricted cashBeginning of period184,864 236,663 End of period$184,672 $219,855 

See accompanying Notes to Condensed Consolidated Financial Statements.

8

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED

(in thousands)

(unaudited)

Six Months Ended July 31,20252024Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheetsCash and cash equivalents$184,146 $219,400 Restricted cash526 455 Total cash, cash equivalents, and restricted cash$184,672 $219,855 Supplemental cash flow dataCash paid for income taxes$1,259 $2,587 Supplemental non-cash investing and financing informationPurchase of property and equipment in accounts payable and accrued expenses and other current liabilities$182 $447 Stock-based compensation expense capitalized for internal-use software$3,555 $1,953 Repurchases of common stock in accrued expenses and other current liabilities$— $698 

See accompanying Notes to Condensed Consolidated Financial Statements.

9

ASANA, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL