Asana, Inc.
For the period ended Jul 31, 2025. Filed Sep 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2025 · Filed Sep 3, 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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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended July 31, | Six Months Ended July 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $196,936 | $179,212 | $384,203 | $351,660 |
| Cost of revenues | 20,221 | 19,987 | 39,448 | 37,791 |
| Gross profit | 176,715 | 159,225 | 344,755 | 313,869 |
| Operating expenses: | ||||
| Research and development | 79,376 | 91,151 | 154,503 | 173,942 |
| Sales and marketing | 106,677 | 108,649 | 206,518 | 212,981 |
| General and administrative | 40,118 | 36,222 | 77,094 | 69,912 |
| Total operating expenses | 226,171 | 236,022 | 438,115 | 456,835 |
| Loss from operations | (49,456) | (76,797) | (93,360) | (142,966) |
| Interest income and other income (expense), net | 3,307 | 6,760 | 9,137 | 11,120 |
| Interest expense | (797) | (955) | (1,588) | (1,897) |
| Loss before provision for income taxes | (46,946) | (70,992) | (85,811) | (133,743) |
| Provision for income taxes | 1,414 | 1,197 | 2,567 | 2,168 |
| Net loss | $(48,360) | $(72,189) | $(88,378) | $(135,911) |
| Net loss per share: | ||||
| Basic and diluted | $(0.20) | $(0.31) | $(0.38) | $(0.59) |
| Weighted-average shares used in calculating net loss per share: | ||||
| Basic and diluted | 236,218 | 229,760 | 235,550 | 228,430 |
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