Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 354

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 354
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)Interest income and other income (expense), net2 3 2 3 Interest expense****Loss before provision for income taxes(33)(31)(26)(35)Provision for income taxes****Net loss(34)%(31)%(27)%(36)%_______________

* Less than 1%.

Note: Certain figures may not sum due to rounding.

Comparison of Three Months Ended October 31, 2025 to Three Months Ended October 31, 2024 

Revenues 

Three Months Ended October 31,20252024$ Change% Change(dollars in thousands)Revenues$201,033 $183,882 $17,151 9 %

Revenues increased $17.2 million, or 9%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase in revenues was primarily due to the addition of new paying customers and a continued shift in our sales mix toward our higher priced subscription plans, such as Enterprise and Enterprise+ plans.

Cost of Revenues

Three Months Ended October 31,20252024$ Change% Change(dollars in thousands)Cost of revenues$22,307 $19,798 $2,509 13 %

Cost of revenues increased $2.5 million, or 13%, during the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase was primarily due to an increase of $1.1 million in personnel-related costs, an increase of $1.1 million in amortization of capitalized software development costs, and an increase of $0.6 million in professional services, partially offset by a decrease of $0.4 million in third-party hosting costs.

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Operating Expenses

Three Months Ended October 31,20252024$ Change% Change(dollars in thousands)Research and development$73,813 $83,286 $(9,473)(11)%Sales and marketing100,243 104,708 (4,465)(4)%General and administrative74,656 36,270 38,386 106 %Total operating expenses$248,712 $224,264 $24,448 11 %

Research and Development

Research and development expenses decreased $9.5 million, or 11%, during the three months ended October 31, 2025 compared to the three months ended