Asana, Inc.
For the period ended Jul 31, 2026. Filed Sep 3, 2026.
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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, 2026 · Filed Sep 3, 2026
ASAN$9.59-4.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(53,594) | $(88,378) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Allowance for expected credit losses | 1,291 | 1,193 |
| Depreciation and amortization | 12,678 | 10,109 |
| Amortization of deferred contract acquisition costs | 13,911 | 13,769 |
| Stock-based compensation expense | 92,648 | 110,321 |
| Net accretion of discount on marketable securities | (362) | (1,278) |
| Non-cash lease expense | 9,930 | 9,122 |
| Amortization of discount on revolving credit facility and term loan issuance costs | 60 | 60 |
| Changes in operating assets and liabilities, net of effects of business combinations: | ||
| Accounts receivable | 30,903 | 17,767 |
| Prepaid expenses and other current assets | (17,086) | (20,179) |
| Other assets | (1,452) | 274 |
| Accounts payable | (3,506) | 6,261 |
| Accrued expenses and other liabilities | (2,400) | (12,170) |
| Deferred revenue | 15,789 | 10,820 |
| Operating lease liabilities | (12,520) | (11,092) |
| Net cash provided by operating activities | 86,290 | 46,599 |
| Cash flows from investing activities | ||
| Cash paid for acquisition, net of acquired cash | (71,616) | — |
| Purchases of marketable securities | (81,750) | (104,096) |
| Sales of marketable securities | 133,603 | — |
| Maturities of marketable securities | 61,021 | 96,576 |
| Purchases of property and equipment | (4,302) | (1,935) |
| Capitalized internal-use software costs | (7,626) | (5,287) |
| Net cash provided by (used in) investing activities | 29,330 | (14,742) |
| Cash flows from financing activities | ||
| Repayment of term loan | (3,750) | (2,500) |
| Repurchases of common stock | (96,526) | (43,398) |
| Proceeds from exercise of stock options | 1,340 | 2,073 |
| Proceeds from employee stock purchase plan | 4,874 | 7,746 |
| Net cash used in financing activities | (94,062) | (36,079) |
| Effect of foreign exchange rates on cash, cash equivalents, and restricted cash | (1,405) | 4,030 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 20,153 | (192) |
| Cash, cash equivalents, and restricted cash | ||
| Beginning of period | 200,253 | 184,864 |
| End of period | $220,406 | $184,672 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Six Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||
| Cash and cash equivalents | $219,562 | $184,146 |
| Restricted cash | 844 | 526 |
| Total cash, cash equivalents, and restricted cash | $220,406 | $184,672 |
| Supplemental cash flow data | ||
| Cash paid for income taxes | $3,003 | $1,259 |
| Supplemental non-cash investing and financing information | ||
| Purchase of property and equipment in accounts payable and accrued expenses and other current liabilities | $1,096 | $182 |
| Stock-based compensation expense capitalized for internal-use software | $4,950 | $3,555 |
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