Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 269

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 269
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

ASANA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

As ofJuly 31, 2025January 31, 2025AssetsCurrent assetsCash and cash equivalents$184,146 $184,728 Marketable securities291,074 282,156 Restricted cash526 136 Accounts receivable, net69,232 87,567 Prepaid expenses and other current assets53,533 46,154 Total current assets598,511 600,741 Property and equipment, net96,323 95,836 Operating lease right-of-use assets160,237 166,545 Other assets28,086 28,293 Total assets$883,157 $891,415 Liabilities and Stockholders’ EquityCurrent liabilitiesAccounts payable$16,295 $9,922 Accrued expenses and other current liabilities70,853 83,031 Deferred revenue, current312,511 300,798 Operating lease liabilities, current24,423 22,066 Total current liabilities424,082 415,817 Term loan, net36,814 39,291 Deferred revenue, noncurrent1,112 2,005 Operating lease liabilities, noncurrent191,103 201,733 Other liabilities5,490 5,046 Total liabilities658,601 663,892 Commitments and contingencies (Note 7)Stockholders' equityCommon stock2 2 Additional paid-in capital2,183,543 2,059,848 Accumulated other comprehensive income (loss)1,263 (3,851)Accumulated deficit(1,960,252)(1,828,476)Total stockholders’ equity224,556 227,523 Total liabilities and stockholders’ equity$883,157 $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 July 31,Six Months Ended July 31,2025202420252024Revenues$196,936 $179,212 $384,203 $351,660 Cost of revenues20,221 19,987 39,448 37,791