Asana expects $29M-$32M impairment charge from subleasing 55,513 sq ft of SF HQ

Asana, Inc.

Preliminary impairment expense of $29M-$32M for quarter ending Oct 31, 2025.
Subleased 55,513 of 265,890 total sq ft of San Francisco headquarters.
Sublease term begins October 2025, runs through September 2029.
No material cash expenditures expected in connection with the impairment.
Estimate is preliminary, unaudited, and subject to final adjustments.

item 2.06

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