Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 308

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 308
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%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024. The decrease was primarily due to a decrease of $3.3 million in fees to marketing vendors, a decrease of $1.4 million in personnel-related costs, a decrease of $1.2 million in professional fees, and a decrease of $0.6 million in travel and entertainment costs.

General and Administrative

General and administrative expenses increased $7.2 million, or 10%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024. The increase was primarily due to an increase of $5.4 million in personnel-related costs driven by an increase in stock-based compensation expense, an increase of $0.9 million in tax contingencies, and an increase of $0.8 million in provision for credit losses.

Interest Income, Interest Expense, and Other Income (Expense), Net

Six Months Ended July 31,20252024$ Change% Change(dollars in thousands)Interest income and other income (expense), net$9,137 $11,120 $(1,983)(18)%Interest expense(1,588)(1,897)309 16 %

Interest income and other income (expense), net decreased by $2.0 million, or 18%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024, primarily due to a decrease of $2.4 million in interest income on marketable securities, partially offset by an increase of $0.5 million for the impact of foreign currency transaction gains and losses. Interest expense decreased by $0.3 million, or 16%, during the six months ended July 31, 2025 compared to the six months ended July 31, 2024, primarily due to a decrease in interest rates.

34

Non-GAAP Financial Measures 

The following tables present certain non-GAAP financial measures for each period presented below. In addition to our results determined in accordance with GAAP, we believe these non-GAAP financial measures are useful in evaluating our operating performance. See below for a description of the non-GAAP financial measures and their limitations as an analytical tool. 

Three Months Ended July 31,Six Months Ended July 31,2025202420252024(in thousands)Non-GAAP income (loss) from