---
schema_version: "secwatch.filing_event.v1"
accession: "0001477720-25-000202"
form_type: "8-K"
ticker: "ASAN"
cik: "0001477720"
company_name: "Asana, Inc."
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:17:05.949910+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477720-25-000202
- form_type: 8-K
- ticker: ASAN
- cik: 0001477720
- company_name: Asana, Inc.
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477720/000147772025000202/0001477720-25-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477720/000147772025000202/asan-20250905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477720-25-000202
- JSON: https://secwatch.observer/filing/0001477720-25-000202.json
- Plain text: https://secwatch.observer/filing/0001477720-25-000202.txt

## Key facts
- Restructurings & Charges
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477720/000147772025000202/0001477720-25-000202-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.