Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 194

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 194
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99,841 104,332 General and administrative36,976 33,690 Total operating expenses211,944 220,813 Loss from operations(43,904)(66,169)Interest income and other income (expense), net5,830 4,360 Interest expense(791)(942)Loss before provision for income taxes(38,865)(62,751)Provision for income taxes1,153 971 Net loss$(40,018)$(63,722)Net loss per share:Basic and diluted$(0.17)$(0.28)Weighted-average shares used in calculating net loss per share:Basic and diluted234,859227,069

See accompanying Notes to Condensed Consolidated Financial Statements.

2

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

Three Months Ended April 30,20252024Net loss$(40,018)$(63,722)Other comprehensive income (loss), net of tax:Net unrealized gains (losses) on marketable securities1,064 (1,375)Foreign currency translation adjustments4,742 (861)Total other comprehensive income (loss)5,806 (2,236)Comprehensive loss$(34,212)$(65,958)

See accompanying Notes to Condensed Consolidated Financial Statements.

3

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands)

(unaudited)

Three Months Ended April 30, 2025Common StockAdditionalPaid-In CapitalAccumulatedOther Comprehensive Income (Loss)Accumulated DeficitTotalStockholders’ EquitySharesAmountBalances at January 31, 2025232,888 $2 $2,059,848 $(3,851)$(1,828,476)$227,523 Issuance of common stock upon the exercise of stock options354 — 1,257 — — 1,257 Repurchases and retirement of common stock(1,034)— — — (15,606)(15,606)Issuance of common stock upon the vesting and settlement of restricted stock units2,261 — — — — — Issuance of common stock under employee share purchase plan751 — 7,746 — — 7,746 Stock-based compensation