ASAN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-03

• In July 2026, we announced the resignation of Veronica Sosa, our Chief Accounting Officer and principal accounting officer.

• Research and development expenses increased $2.4 million, or 3%, during the three months ended July 31, 2026 compared to the three months ended July 31, 2025. The increase was primarily due to an increase of $1.8 million in subscription and software related expenses, an increase of $1.6 million in p…

• Sales and marketing expenses decreased $2.3 million, or 2%, during the three months ended July 31, 2026 compared to the three months ended July 31, 2025. The decrease was primarily due to a decrease of $1.4 million in personnel-related costs, a decrease of $1.2 million in professional fees, a decrea…

• Comparison of Six Months Ended July 31, 2026 to Six Months Ended July 31, 2025

• Revenues increased $37.3 million, or 10%, during the six months ended July 31, 2026 compared to the six months ended July 31, 2025. The increase in revenues was primarily due to the addition of new paying customers and a continued shift in our sales mix toward our higher priced Enterprise+ subscript…

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• In March 2026, we announced the resignation of our former Chief Financial Officer, Sonalee Parekh, and the appointment of our new Chief Financial Officer, Aziz Megji, effective March 24, 2026. In March 2026, we also announced the appointment of Veronica Sosa as our Chief Accounting Officer and princ…

• Research and development expenses decreased $9.0 million, or 12%, during the three months ended April 30, 2026 compared to the three months ended April 30, 2025. The decrease was primarily due to a decrease of $7.6 million in personnel-related costs and an increase of $1.4 million in capitalized sof…

• Sales and marketing expenses decreased $7.4 million, or 7%, during the three months ended April 30, 2026 compared to the three months ended April 30, 2025. The decrease was primarily due to a decrease of $4.2 million in personnel-related costs, a decrease of $2.0 million in travel and entertainment …

• limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not r…

• (1)Stock-based compensation-related charges includes related payroll tax associated with RSUs and amortization of stock-based compensation capitalized in internal-use software. We began excluding amortization of stock-based compensation capitalized in internal-use software from our non-GAAP measures…

Text added vs the prior filing · source: 10-Q · 2026-09-03

• Our cash, cash equivalents, restricted cash, and marketable securities primarily consist of cash on hand and highly liquid investments in money market funds, U.S. government securities, corporate bonds, U.S. agency bonds, and commercial paper. As of July 31, 2026 and January 31, 2026, we had cash an…

• Any borrowings under the revolving credit facility bear interest at a variable rate tied to the adjusted term SOFR, the prime rate, or the federal funds effective rate. As of July 31, 2026, we had $36.9 million outstanding under the credit facility. We do not have any other long-term debt or financi…

• denominated in U.S. dollars. As a result, any increase in the value of the U.S. dollar against these foreign currencies could cause our revenue to decline relative to our costs, thereby decreasing our margins. We disclose the impact of realized foreign currency gains and losses within Note 13. Inter…

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• Our cash, cash equivalents, restricted cash, and marketable securities primarily consist of cash on hand and highly liquid investments in money market funds, U.S. government securities, corporate bonds, U.S. agency bonds, and commercial paper. As of April 30, 2026 and January 31, 2026, we had cash a…

• marketable securities of $231.0 million and $234.2 million, respectively. We do not enter into investments for trading or speculative purposes. Our investments are exposed to market risk due to fluctuations in interest rates, which may affect our interest income and the fair value of our investments…

• Any borrowings under the revolving credit facility bear interest at a variable rate tied to the adjusted term SOFR, the prime rate, or the federal funds effective rate. As of April 30, 2026, we had $38.1 million outstanding under the credit facility. We do not have any other long-term debt or financ…

Text added vs the prior filing · source: 10-Q · 2026-09-03

• •price and package our subscription plans or add-on products effectively;

• While we believe our near-term subscription revenues are relatively predictable , the effect of macroeconomic uncertainties may not be fully reflected in our operating results and overall financial performance until future periods. If we fail to predict customer demands, fail to sufficiently account…

• We offer AI products that operate on a consumption or usage-based billing model which may negatively impact our ability to predict our future costs and revenues. Increased demand for third-party AI services may increase the costs of our offerings and negatively impact our gross margins.

• We offer AI products that operate on a consumption or usage-based billing model which increases variability in revenue timing and forecasting. Additionally, the systems, controls and operating processes required to support this

• billing model, such as volume metering and usage-based invoicing, may increase billing, revenue recognition, and collections complexity, which may further reduce our ability to predict our future revenues and results of operations.

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• Our flagship product, the Asana collaborative work management platform, currently accounts for substantially all of our revenue through seat-based licenses. Additionally, the revenue derived from our add-on products and products or services we may launch in the future, may be dependent on licenses t…

• solutions; the timing of development and release of competing new products; the development and acceptance of new features, integrations, and capabilities for our platform, including features, integrations, or capabilities that utilize AI; price, product, and service changes by us or our competitors…

• reasonable period of time, or if we are unable to retain our existing direct sales personnel and channel partners. We believe that there is significant competition for sales personnel with the skills and technical knowledge that we require, and that developing and growing the skills of these personn…

• Ransomware attacks, including those perpetrated by organized criminal threat actors, nation-states, and nation-state-supported actors, are becoming increasingly prevalent and severe and can lead to significant interruptions in our operations and our ability to provide our products or services, loss …

• security measures or industry-standard or reasonable security measures to protect our information technology systems and confidential, proprietary, and sensitive information.