Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 242

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 242
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. The following table summarizes the activity of deferred contract acquisition costs (in thousands):Three Months Ended April 30,20252024Beginning balance$40,518 $39,381 Capitalization of contract acquisition costs7,509 5,646 Amortization of deferred contract acquisition costs(6,691)(6,087)Ending balance$41,336 $38,940 The following table summarizes the outstanding balances of deferred contract acquisition costs (in thousands):As ofApril 30, 2025January 31, 2025Deferred contract acquisition costs, current$22,814 $22,414 Deferred contract acquisition costs, noncurrent18,522 18,104 Total deferred contract acquisition costs$41,336 $40,518 Deferred contract acquisition costs, current is presented within prepaid expenses and other current assets in the condensed consolidated balance sheets. Deferred contract acquisition costs, noncurrent is presented within other assets in the condensed consolidated balance sheets.

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ASANA, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Note 4.    Fair Value Measurements

The following table summarizes, for assets measured at fair value, the respective fair value and classification by level of input within the fair value hierarchy (in thousands):As of April 30, 2025Level 1Level 2Level 3TotalCurrent AssetsCash equivalentsMoney market funds$96,322 $— $— $96,322 Total cash equivalents$96,322 $— $— $96,322 Marketable securitiesU.S. Treasury securities$139,434 $— $— $139,434 Corporate bonds— 108,602 — 108,602 U.S. agency bonds— 28,975 — 28,975 Total marketable securities$139,434 $137,577 $— $277,011 Total assets$235,756 $137,577 $— $373,333  As of January 31, 2025Level 1Level 2Level 3TotalCurrent AssetsCash equivalentsMoney market funds$88,251 $— $— $88,251 Total cash equivalents$88,251 $— $— $88,251 Marketable securitiesU.S. Treasury securities$155,166 $— $— $155,166 Corporate bonds—