Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 190

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 190
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

ASANA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As ofOctober 31, 2025January 31, 2025AssetsCurrent assetsCash and cash equivalents$183,470 $184,728 Marketable securities280,146 282,156 Restricted cash408 136 Accounts receivable, net72,296 87,567 Prepaid expenses and other current assets51,096 46,154 Total current assets587,416 600,741 Property and equipment, net87,555 95,836 Operating lease right-of-use assets137,667 166,545 Other assets27,792 28,293 Total assets$840,430 $891,415 Liabilities and Stockholders’ EquityCurrent liabilitiesAccounts payable$13,158 $9,922 Accrued expenses and other current liabilities78,491 83,031 Deferred revenue, current304,596 300,798 Operating lease liabilities, current24,702 22,066 Total current liabilities420,947 415,817 Term loan, net35,576 39,291 Deferred revenue, noncurrent534 2,005 Operating lease liabilities, noncurrent189,686 201,733 Other liabilities5,325 5,046 Total liabilities652,068 663,892 Commitments and contingencies (Note 7)Stockholders' equityCommon stock2 2 Additional paid-in capital2,246,005 2,059,848 Accumulated other comprehensive income (loss)1,825 (3,851)Accumulated deficit(2,059,470)(1,828,476)Total stockholders’ equity188,362 227,523 Total liabilities and stockholders’ equity$840,430 $891,415 

See accompanying Notes to Condensed Consolidated Financial Statements.

1

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Revenues$201,033 $183,882 $585,236 $535,542 Cost of revenues22,307 19,798 61,755 57,589 Gross