Asana, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Depreciation and amortization $4.2m $2.2m $3.5m $8.5m $12.7m $14.3m $17.5m $22.0m
Amortization of deferred contract acquisition costs $322k $1.6m $4.1m $8.6m $15.1m $22.0m $25.9m $27.8m
Amortization of discount on revolving credit facility and term loan issuance costs $0 $49k $22.4m $10.6m $41k $122k $122k $122k
Impairment of long-lived assets $0 $0 $5.0m $6.8m $30.7m
Operating lease liabilities $0 ($7.6m) $7.3m $8.1m ($13.8m) ($18.9m) ($20.0m) ($23.0m)
Net loss ($50.9m) ($118.6m) ($211.7m) ($288.3m) ($407.8m) ($257.0m) ($255.5m) ($189.0m)
Allowance for expected credit losses $95k $653k $924k $2.3m $1.9m $3.1m $3.2m $1.9m
Stock-based compensation expense $8.5m $48.4m $34.2m $104.5m $189.0m $202.4m $211.3m $214.8m
Net accretion of discount on marketable securities ($820k) ($1.0m) $406k $784k $62k ($3.4m) ($5.5m) ($2.1m)
Non-cash lease expense $0 $8.2m $16.4m $16.6m $15.6m $18.1m $18.0m $18.3m
Accounts receivable ($3.4m) ($7.7m) ($20.5m) ($27.0m) ($25.2m) ($9.5m) ($4.7m) ($23.5m)
Prepaid expenses and other current assets ($4.5m) ($8.7m) ($17.2m) ($23.7m) ($24.0m) ($25.6m) ($20.4m) ($28.8m)
Other assets ($3.7m) ($1.8m) ($3.4m) ($10.7m) ($4.1m) ($468k) ($4.4m) ($631k)
Accounts payable $362k $3.5m ($2.9m) $7.3m ($4.4m) ($569k) $4.4m $7.3m
Accrued expenses and other liabilities $4.0m $8.3m $17.9m $23.7m $25.5m ($5.2m) $6.6m $3.4m
Deferred revenue $15.1m $32.2m $41.8m $68.3m $59.4m $37.6m $31.6m $31.1m
Purchases of marketable securities ($103.2m) ($77.8m) ($191.6m) ($62.4m) ($72.2m) ($319.1m) ($234.4m) ($179.2m)
Sales of marketable securities $0 $4.3m $37.1m $373k $0 $18k $0 $23.4m
Maturities of marketable securities $62.0m $93.4m $53.8m $132.3m $143.9m $43.1m $240.6m $206.3m
Purchases of property and equipment ($2.9m) ($6.9m) ($57.3m) ($41.6m) ($5.4m) ($7.7m) ($5.6m) ($3.8m)
Capitalized internal-use software costs ($557k) ($384k) ($962k) ($1.1m) ($1.8m) ($5.4m) ($6.7m) ($9.6m)
Repayment of term loan $0 $0 ($1.7m) ($38.3m) ($3.1m) ($2.5m) ($3.8m)
Proceeds from exercise of stock options $4.3m $11.7m $20.5m $16.6m $5.8m $4.8m $9.1m $5.0m
Proceeds from employee stock purchase plan $0 $0 $13.3m $17.1m $15.1m $13.7m $13.0m
Beginning of period $26.6m $310.7m $259.9m $240.4m $526.6m $236.7m $184.9m $200.3m
Purchase of property and equipment in accounts payable and accrued expenses $24k $914k $10.1m $571k $598k $140k $633k $2.5m
Vesting of early exercised stock options $613k $1.4m $3.4m $2.4m $692k $109k $0 $0
Stock-based compensation expense capitalized for software development $673k $959k $3.8m $4.6m $6.9m
Net cash provided by (used in) operating activities ($30.2m) ($40.1m) ($92.9m) ($83.8m) ($160.1m) ($17.9m) $14.9m $90.4m
Net cash provided by (used in) investing activities ($44.7m) $12.7m ($158.9m) $27.6m $64.5m ($289.1m) ($6.1m) $37.2m
Repurchases of common stock ($14k) ($77k) ($33k) ($40k) ($9k) $0 ($78.4m) ($132.2m)
Net cash (used in) provided by financing activities $55.3m $311.6m $201.0m $37.2m $381.4m $16.8m ($58.1m) ($117.9m)
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash $4k ($19k) $3k ($461k) $335k $389k ($2.5m) $5.8m
Net increase (decrease) in cash, cash equivalents, and restricted cash ($19.5m) $284.1m ($50.8m) ($19.5m) $286.2m ($289.9m) ($51.8m) $15.4m
Cash and cash equivalents $23.8m $306.0m $259.9m $240.4m $526.6m $236.7m $184.7m $199.8m
Restricted cash $2.8m $4.7m $0 $0 $4.7m $0 $136k $418k
Cash paid for interest $0 $80k $833k $1.7m $3.6m $5.9m $2.9m
Taxes paid related to net share settlement of equity awards $0 $0 ($378k) $0 $0 ($10k) ($5k) $0
Cash paid for income taxes $0 $150k $275k $1.5m $4.3m $3.4m $4.3m $5.0m