Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 237

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 237
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.3 million from changes in our operating assets and liabilities. The net cash outflows from changes in operating assets and liabilities primarily consisted of a $15.9 million increase in prepaid expenses and other current assets related to an increase in deferred contract acquisition costs, a $14.6 million decrease in operating lease liabilities, a $11.4 million decrease in accrued expenses and other liabilities primarily from accrued advertising expenses and accrued payroll liability, and a $4.6 million increase in other assets. These amounts were partially offset by a $20.6 million decrease in accounts receivable, a $10.9 million increase in deferred revenue resulting from increased billings for subscriptions, and a $4.6 million increase in accounts payable.

Investing Activities

Net cash used in investing activities of $5.5 million for the nine months ended October 31, 2025 consisted of $161.1 million in purchases of marketable securities, $7.4 million in capitalized internal-use software costs, and $2.6 million in purchases of property and equipment. This was partially offset by $165.6 million in maturities of marketable securities.

Net cash provided by investing activities of $20.2 million for the nine months ended October 31, 2024 consisted of $195.6 million in maturities of marketable securities, partially offset by $166.6 million in purchases of marketable securities, $4.7 million in capitalized internal-use software costs, and $4.1 million in purchases of property and equipment.

Financing Activities

Net cash used in financing activities of $62.1 million for the nine months ended October 31, 2025 consisted of $74.2 million in repurchases of Class A common stock and $3.8 million in repayment of term loan. This was partially offset by $13.0 million in proceeds from our employee stock purchase plan and $2.8 million in proceeds from the exercise of stock options.

Net cash used in financing activities of $58.2 million for the nine months ended October 31, 2024 consisted of $73.9 million in repurchases of Class A common stock and $1.9 million in repayment of term loan. This was partially offset by $13.7 million in proceeds from our employee stock purchase plan and $3.9 million in proceeds from the exercise of stock options.

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Contractual Obligations and Commitments

During the nine months ended October 31, 2025, there were no