Asana, Inc.
For the period ended Jan 31, 2025. Filed Mar 18, 2025.
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FY2025 · Filed Mar 18, 2025
ASAN$9.59-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net 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 losses | 3,190 | 3,140 | 1,918 |
| Depreciation and amortization | 17,543 | 14,344 | 12,669 |
| Amortization of deferred contract acquisition costs | 25,907 | 21,972 | 15,098 |
| Stock-based compensation expense | 211,271 | 202,418 | 188,962 |
| Net (accretion) amortization of (discount) premium on marketable securities | (5,510) | (3,391) | 62 |
| Non-cash lease expense | 17,967 | 18,090 | 15,595 |
| Impairment of long-lived assets | 6,785 | 5,009 | — |
| Amortization of discount on revolving credit facility and term loan issuance costs | 122 | 122 | 41 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (4,661) | (9,527) | (25,179) |
| Prepaid expenses and other current assets | (20,427) | (25,594) | (24,042) |
| Other assets | (4,400) | (468) | (4,108) |
| Accounts payable | 4,443 | (569) | (4,391) |
| Accrued expenses and other liabilities | 6,604 | (5,206) | 25,539 |
| Deferred revenue | 31,581 | 37,623 | 59,375 |
| Operating lease liabilities | (19,954) | (18,864) | (13,829) |
| Net cash provided by (used in) operating activities | 14,925 | (17,931) | (160,058) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (234,448) | (319,133) | (72,216) |
| Sales of marketable securities | — | 18 | — |
| Maturities of marketable securities | 240,601 | 43,141 | 143,865 |
| Purchases of property and equipment | (5,569) | (7,721) | (5,351) |
| Capitalized internal-use software costs | (6,713) | (5,440) | (1,806) |
| Net cash (used in) provided by investing activities | (6,129) | (289,135) | 64,492 |
| Cash flows from financing activities | |||
| Proceeds from term loan, net of issuance costs | — | — | 49,555 |
| Repayment of term loan | (2,500) | (3,125) | (38,333) |
| Proceeds from private placement—related party, net of offering costs | — | — | 347,289 |
| Repurchases of common stock | (78,354) | — | (9) |
| Proceeds from exercise of stock options | 9,101 | 4,843 | 5,773 |
| Proceeds from employee stock purchase plan | 13,665 | 15,069 | 17,116 |
| Taxes paid related to net share settlement of equity awards | (5) | (10) | — |
| Net cash (used in) provided by financing activities | (58,093) | 16,777 | 381,391 |
| Effect of foreign exchange rates on cash, cash equivalents, and restricted cash | (2,502) | 389 | 335 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (51,799) | (289,900) | 286,160 |
| Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash, cash equivalents, and restricted cash | |||
| Beginning of period | 236,663 | 526,563 | 240,403 |
| End of period | $184,864 | $236,663 | $526,563 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents | $184,728 | $236,663 | $526,563 |
| Restricted cash | 136 | — | — |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | $184,864 | $236,663 | $526,563 |
| Supplemental cash flow data | |||
| Cash paid for income taxes | $4,254 | $3,354 | $4,325 |
| Cash paid for interest | $5,938 | $3,609 | $1,657 |
| Supplemental non-cash investing and financing information | |||
| Purchase of property and equipment in accounts payable and accrued expenses | $633 | $140 | $598 |
| Vesting of early exercised stock options | $— | $109 | $692 |
| Stock-based compensation expense capitalized for software development | $4,596 | $3,778 | $959 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.