Company: ASAN
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001477720-25-000045
Chunk: 6

Company: Asana, Inc.
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 6
---
(42)Net loss— — — — (257,030)(257,030)Balances at January 31, 2024224,728 $2 $1,821,216 $(236)$(1,494,586)$326,396 Issuance of common stock upon the exercise of options3,716 — 9,101 — — 9,101 Repurchases and retirement of common stock(6,213)— — — (78,354)(78,354)Issuance of common stock upon the vesting and settlement of restricted stock units9,538 — (5)— — (5)Issuance of common stock under employee share purchase plan1,119 — 13,665 — — 13,665 Stock-based compensation expense— — 215,871 — — 215,871 Net unrealized losses on marketable securities— — — (2)— (2)Foreign currency translation adjustments— — — (3,613)— (3,613)Net loss— — — — (255,536)(255,536)Balances at January 31, 2025232,888 $2 $2,059,848 $(3,851)$(1,828,476)$227,523 

See accompanying Notes to Consolidated Financial Statements.

79

ASANA, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)

Year Ended January 31,202520242023Cash flows from operating activitiesNet loss$(255,536)$(257,030)$(407,768)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Allowance for expected credit losses3,190 3,140 1,918 Depreciation and amortization17,543 14,344 12,669 Amortization of deferred contract acquisition costs25,907 21,972 15,098 Stock-based compensation expense211,271 202,418 188,962 Net (accretion) amortization of (discount) premium on marketable securities(5,510)(3,391)62 Non-cash lease expense17,967 18,090 15,595 Impairment of long-lived assets6,785 5,009 — Amort