Asana Inc. Announces Expected $29-$32 Million Impairment Due to Headquarters Sublease
Asana Inc. has announced that it will incur impairment expenses ranging from approximately $29 million to $32 million due to a sublease of its headquarters office space in San Francisco. The sublease, covering approximately 55,513 square feet of the total 265,890 square feet, is set to begin in October 2025 and run through September 2029. Asana's management disclosed that these impairment charges are expected for the period ending October 31, 2025. The company clarified that these figures are preliminary and subject to change pending the completion of financial statements and audit procedures for the fiscal year ending January 31, 2026. Importantly, Asana does not anticipate any material cash expenditures related to these impairment charges.
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