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10-Q Filing

ASANA, INC. CIK: 1477720 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001477720-22-000031
Period End Date 20220430
Filing Date 20220603
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance asan-20220430_htm.xml
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $197.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $240.40M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $84.06M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $71.63M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $66.98M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $59.09M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $40.28M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $48.62M USD Point-in-time
Total current assets AssetsCurrent $411.39M USD Point-in-time
Total current assets AssetsCurrent $396.98M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $98.23M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $99.63M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $173.68M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $174.08M USD Point-in-time
Investments, noncurrent LongTermInvestments $2.76M USD Point-in-time
Investments, noncurrent LongTermInvestments $1.13M USD Point-in-time
Other assets OtherAssetsNoncurrent $19.17M USD Point-in-time
Other assets OtherAssetsNoncurrent $21.06M USD Point-in-time
Total assets Assets $707.03M USD Point-in-time
Total assets Assets $691.07M USD Point-in-time
Accounts payable AccountsPayableCurrent $11.56M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.82M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $60.91M USD Point-in-time
Accrued expenses and other current liabilities AccruedExpensesAndOtherCurrentLiabilities $60.56M USD Point-in-time
Deferred revenue, current ContractWithCustomerLiabilityCurrent $198.94M USD Point-in-time
Deferred revenue, current ContractWithCustomerLiabilityCurrent $170.14M USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $12.57M USD Point-in-time
Operating lease liabilities, current OperatingLeaseLiabilityCurrent $13.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $289.26M USD Point-in-time
Total current liabilities LiabilitiesCurrent $255.19M USD Point-in-time
Term loan, net SecuredLongTermDebt $33.45M USD Point-in-time
Term loan, net SecuredLongTermDebt $34.61M USD Point-in-time
Deferred revenue, noncurrent ContractWithCustomerLiabilityNoncurrent $4.08M USD Point-in-time
Deferred revenue, noncurrent ContractWithCustomerLiabilityNoncurrent $3.09M USD Point-in-time
Operating lease liabilities, noncurrent OperatingLeaseLiabilityNoncurrent $206.87M USD Point-in-time
Operating lease liabilities, noncurrent OperatingLeaseLiabilityNoncurrent $208.42M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $891.00K USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.43M USD Point-in-time
Total liabilities Liabilities $535.10M USD Point-in-time
Total liabilities Liabilities $503.19M USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $2.00K USD Point-in-time
Common stock CommonStockValue $2.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.09B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.03B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-626.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.25M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-928.66M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-829.79M USD Point-in-time
Total stockholders equity StockholdersEquity $-12.79M USD Point-in-time
Total stockholders equity StockholdersEquity $155.97M USD Point-in-time
Total stockholders equity StockholdersEquity $-47.70M USD Point-in-time
Total stockholders equity StockholdersEquity $203.84M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $707.03M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $691.07M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $76.67M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $120.65M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $12.44M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $7.91M USD 1 Quarter
Gross profit GrossProfit $68.76M USD 1 Quarter
Gross profit GrossProfit $108.21M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $65.20M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $39.97M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $96.12M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $56.78M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $43.11M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $21.99M USD 1 Quarter
Total operating expenses OperatingExpenses $204.44M USD 1 Quarter
Total operating expenses OperatingExpenses $118.74M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-49.98M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-96.23M USD 1 Quarter
Interest income and other income (expense), net NonoperatingIncomeExpense $8.00K USD 1 Quarter
Interest income and other income (expense), net NonoperatingIncomeExpense $-1.35M USD 1 Quarter
Interest expense InterestExpense $10.37M USD 1 Quarter
Interest expense InterestExpense $357.00K USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-97.94M USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-60.35M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $310.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $933.00K USD 1 Quarter
Net loss NetIncomeLoss $-60.66M USD 1 Quarter
Net loss NetIncomeLoss $-98.87M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.52 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.37 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.52 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.37 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 189.59M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 162.08M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 189.59M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 162.08M shares 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-60.66M USD 1 Quarter
Net loss NetIncomeLoss $-98.87M USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $627.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $196.00K USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $973.00K USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $3.10M USD 1 Quarter
Amortization of deferred contract acquisition costs CapitalizedContractCostAmortization $3.04M USD 1 Quarter
Amortization of deferred contract acquisition costs CapitalizedContractCostAmortization $1.63M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $16.03M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $39.91M USD 1 Quarter
Net amortization of premium on marketable securities InvestmentIncomeNetAmortizationOfDiscountAndPremium $-55.00K USD 1 Quarter
Net amortization of premium on marketable securities InvestmentIncomeNetAmortizationOfDiscountAndPremium $-336.00K USD 1 Quarter
Non-cash lease expense OperatingLeaseRightOfUseAssetAmortizationExpense $4.53M USD 1 Quarter
Non-cash lease expense OperatingLeaseRightOfUseAssetAmortizationExpense $3.64M USD 1 Quarter
Amortization of discount on convertible notes and term loan issuance costs AmortizationOfDebtDiscountPremium $6.25M USD 1 Quarter
Amortization of discount on convertible notes and term loan issuance costs AmortizationOfDebtDiscountPremium $4.00K USD 1 Quarter
Non-cash interest expense NoncashInterestExpense - USD 1 Quarter
Non-cash interest expense NoncashInterestExpense $3.93M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $3.18M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.53M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets $11.80M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets $2.38M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.86M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.20M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $4.68M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.45M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $791.00K USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.83M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $27.80M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $20.02M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiabilities $6.36M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-3.39M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-41.13M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-7.44M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $34.00M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $46.55M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $351.00K USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $35.58M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $44.35M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.05M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $16.97M USD 1 Quarter
Capitalized internal-use software costs PaymentsForSoftware $183.00K USD 1 Quarter
Capitalized internal-use software costs PaymentsForSoftware $70.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.09M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.45M USD 1 Quarter
Proceeds from term loan, net of issuance costs ProceedsFromIssuanceOfSeniorLongTermDebt - USD 1 Quarter
Proceeds from term loan, net of issuance costs ProceedsFromIssuanceOfSeniorLongTermDebt $9.00M USD 1 Quarter
Repayment of term loan RepaymentsOfSeniorDebt $667.00K USD 1 Quarter
Repayment of term loan RepaymentsOfSeniorDebt $167.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $13.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.97M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.23M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $9.16M USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $6.13M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $17.92M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $10.72M USD 1 Quarter
Effect of foreign exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.00K USD 1 Quarter
Effect of foreign exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-568.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-43.08M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $4.05M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $259.88M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $240.40M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.93M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.33M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $259.88M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $240.40M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $263.93M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $197.33M USD Point-in-time
Cash paid for income taxes IncomeTaxesPaidNet $1.58M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaidNet $480.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $219.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $160.00K USD 1 Quarter
Purchase of property and equipment in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $1.17M USD 1 Quarter
Purchase of property and equipment in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $13.54M USD 1 Quarter
Vesting of early exercised stock options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $642.00K USD 1 Quarter
Vesting of early exercised stock options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $277.00K USD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $-12.79M USD Point-in-time
Beginning balance StockholdersEquity $155.97M USD Point-in-time
Beginning balance StockholdersEquity $-47.70M USD Point-in-time
Beginning balance StockholdersEquity $203.84M USD Point-in-time
Issuance of common stock upon the exercise of options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 825,000.00 shares 1 Quarter
Issuance of common stock upon the exercise of options StockIssuedDuringPeriodValueStockOptionsExercised $2.85M USD 1 Quarter
Issuance of common stock upon the exercise of options StockIssuedDuringPeriodValueStockOptionsExercised $2.22M USD 1 Quarter
Vesting of early exercised stock options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $642.00K USD 1 Quarter
Vesting of early exercised stock options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $277.00K USD 1 Quarter
Issuance of common stock under employee share purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $6.13M USD 1 Quarter
Issuance of common stock under employee share purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $9.16M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $39.97M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.11M USD 1 Quarter
Net unrealized losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-11.00K USD 1 Quarter
Net unrealized losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-121.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $35.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-501.00K USD 1 Quarter
Net loss NetIncomeLoss $-60.66M USD 1 Quarter
Net loss NetIncomeLoss $-98.87M USD 1 Quarter
Ending balance StockholdersEquity $-12.79M USD Point-in-time
Ending balance StockholdersEquity $155.97M USD Point-in-time
Ending balance StockholdersEquity $-47.70M USD Point-in-time
Ending balance StockholdersEquity $203.84M USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-60.66M USD 1 Quarter
Net loss NetIncomeLoss $-98.87M USD 1 Quarter
Net unrealized losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-11.00K USD 1 Quarter
Net unrealized losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-121.00K USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $35.00K USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-501.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-60.63M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-99.49M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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