Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 247

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 247
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 included in the deferred revenue balances at January 31, 2025 and 2024, respectively. The Company recognized $277.6 million and $244.0 million of revenues during the nine months ended October 31, 2025 and 2024, respectively, that were included in the deferred revenue balances at January 31, 2025 and 2024, respectively.Deferred revenue that will be recognized within the next 12 months is recorded as deferred revenue, current and the remaining portion is recorded as deferred revenue, noncurrent. As of October 31, 2025, the Company's remaining performance obligations from contracts with customers was $500.9 million, of which the Company expects to recognize approximately 77% as revenues over the next 12 months and the remainder thereafter.Deferred Contract Acquisition CostsDeferred contract acquisition costs are amortized over a period of benefit of three years. The period of benefit was estimated by considering factors such as historical customer attrition rates, the useful life of the Company’s technology, and the impact of competition in the software-as-a-service industry. The following table summarizes the activity of deferred contract acquisition costs (in thousands):Nine Months Ended October 31,20252024Beginning balance$40,518 $39,381 Capitalization of contract acquisition costs21,915 19,561Amortization of deferred contract acquisition costs(20,805)(19,189)Ending balance$41,628 $39,753 The following table summarizes the outstanding balances of deferred contract acquisition costs (in thousands):As ofOctober 31, 2025January 31, 2025Deferred contract acquisition costs, current$22,824 $22,414 Deferred contract acquisition costs, noncurrent18,804 18,104 Total deferred contract acquisition costs$41,628 $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 October 31, 2025Level 1Level 2Level 3TotalCurrent AssetsCash equivalentsMoney