Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 197

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 197
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UED

(in thousands)

(unaudited)

Three Months Ended April 30,20252024Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheetsCash and cash equivalents$193,791 $222,049 Restricted cash289 — Total cash, cash equivalents, and restricted cash$194,080 $222,049 Supplemental cash flow dataCash paid for income taxes$882 $873 Supplemental non-cash investing and financing informationPurchase of property and equipment in accounts payable and accrued expenses and other current liabilities$31 $1,367 Stock-based compensation expense capitalized for internal-use software$1,429 $867 Repurchases of common stock in accrued expenses and other current liabilities$1,080 $— 

See accompanying Notes to Condensed Consolidated Financial Statements.

7

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

Note 1.    Organization

Organization and Description of BusinessAsana, Inc. (“Asana” or the “Company”) was incorporated in the state of Delaware on December 16, 2008. Asana is a leading work management platform for human + AI coordination. The Company is headquartered in San Francisco, California.

Note 2.    Basis of Presentation and Summary of Significant Accounting Policies

Principles of ConsolidationThe accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and include the accounts of the Company’s wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated on consolidation.The unaudited condensed consolidated balance sheet as of January 31, 2025 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including certain notes required by GAAP on an annual reporting basis. In management's opinion, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to state fairly the balance sheet, statements of comprehensive loss, and stockholders' equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K filed with the SEC on March 18, 2025.Use of EstimatesThe preparation