Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 351

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 2
Chunk 351
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able securities of $1.8 million, and net cash inflows of $0.2 million from changes in our operating assets and liabilities. The net cash inflows from changes in operating assets and liabilities primarily consisted of a $25.9 million increase in deferred revenue resulting from increased billings for subscriptions and a $6.4 million increase in accounts payable. These amounts were partially offset by a $11.7 million increase in accounts receivable, a $10.2 million decrease in accrued expenses and other liabilities primarily from accrued payroll liabilities, a $4.9 million decrease in operating lease liabilities, a $4.4 million increase in prepaid expenses and other current assets related to an increase in deferred contract acquisition costs, and a $0.9 million increase in other assets. 

Investing Activities

Net cash provided by investing activities of $4.2 million for the three months ended April 30, 2025 consisted of $41.0 million in maturities of marketable securities, partially offset by $34.1 million in purchases of marketable securities, $2.1 million in capitalized internal-use software costs, and $0.6 million in purchases of property and equipment.

Net cash used in investing activities of $21.4 million for the three months ended April 30, 2024 consisted of $70.5 million in purchases of marketable securities, $1.4 million in capitalized internal-use software costs, and $1.0 million in purchases of property and equipment. This was partially offset by $51.5 million in maturities of marketable securities. 

Financing Activities

Net cash used in financing activities of $5.5 million for the three months ended April 30, 2025 consisted of $14.5 million in repurchases of Class A common stock. This was partially offset by $7.7 million in proceeds from our employee stock purchase plan and $1.3 million in proceeds from the exercise of stock options.

Net cash provided by financing activities of $9.9 million for the three months ended April 30, 2024 consisted of $8.9 million in proceeds from our employee stock purchase plan and $1.1 million in proceeds from the exercise of stock options.

Contractual Obligations and Commitments

During the three months ended April 30, 2025, there were no material changes in our contractual obligations and other commitments as disclosed in our Annual Report on Form 10-K filed with the SEC on March 18,