Asana, Inc. (ASAN): restructuring charge — 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.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Asana, Inc. announced a impairment with charges of approximately $29 million to $32 million affecting leased headquarters office space in San Francisco, California.

Type: impairment
Charge: approximately $29 million to $32 million
Affected area: leased headquarters office space in San Francisco, California

Exact text from the filing

On September 5, 2025, the Company's management concluded that the Sublease will result in impairment expenses of approximately $29 million to $32 million in the period ending October 31, 2025.

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Asana, Inc. filing history →

Source: SEC EDGAR

accession 0001477720-25-000202

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