Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 270

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 270
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Gross profit176,715 159,225 344,755 313,869 Operating expenses:Research and development79,376 91,151 154,503 173,942 Sales and marketing106,677 108,649 206,518 212,981 General and administrative40,118 36,222 77,094 69,912 Total operating expenses226,171 236,022 438,115 456,835 Loss from operations(49,456)(76,797)(93,360)(142,966)Interest income and other income (expense), net3,307 6,760 9,137 11,120 Interest expense(797)(955)(1,588)(1,897)Loss before provision for income taxes(46,946)(70,992)(85,811)(133,743)Provision for income taxes1,414 1,197 2,567 2,168 Net loss$(48,360)$(72,189)$(88,378)$(135,911)Net loss per share:Basic and diluted$(0.20)$(0.31)$(0.38)$(0.59)Weighted-average shares used in calculating net loss per share:Basic and diluted236,218229,760235,550228,430

See accompanying Notes to Condensed Consolidated Financial Statements.

2

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

Three Months Ended July 31,Six Months Ended July 31,2025202420252024Net loss$(48,360)$(72,189)$(88,378)$(135,911)Other comprehensive (loss) income, net of tax:Net unrealized (losses) gains on marketable securities(944)1,413 120 38 Foreign currency translation adjustments252 281 4,994 (580)Total other comprehensive (loss) income(692)1,694 5,114 (542)Comprehensive loss$(49,052)$(70,495)$(83,264)$(136,453)

See accompanying Notes to Condensed Consolidated Financial Statements.

3

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands)

(unaudited)

Three Months Ended July 31, 2025Common StockAdditional