Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 256

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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 will commence in the first quarter of fiscal 2027, with a lease term of seven years. 

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

Operating lease amounts in the table above do not include sublease payments to be received of $17.8 million. As of October 31, 2025, the future total minimum sublease payments to be received were as follows (in thousands):Fiscal year ending January 31,Sublease Payments to be ReceivedRemainder of fiscal year 2026$1,007 20275,045 20285,524 20294,620 2030 and thereafter1,628 Total sublease payments to be received$17,824 

Note 9.      Net Loss Per Share

The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting and conversion rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses.The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Numerator:Net loss$(68,433)$(57,326)$(156,811)$(193,237)Denominator:Weighted-average shares used in calculating net loss per share, basic and diluted237,790229,624236,307228,830 Net loss per share, basic and diluted$(0.29)$(0.25)$(0.66)$(0.84)The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands):Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Stock options5,213 8,375 5,213 8,375 Restricted stock units15,126 22,871 15,126 22,871 Performance-based restricted stock units (1)944 — 944 — Shares issuable pursuant to the 2020 Employee Stock Purchase Plan207 231 207 231 Total