ASAN on NYSE

Asana Inc.

Logo: Asana, Public domain, via Wikimedia Commons5

American software company

Asana, Inc. ( or ) is an American software company based in San Francisco, California whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$790.8MRevenue, fiscal 20266
-$189.0MNet income, fiscal 20266
Dec 16, 2008Founded1

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  • TickerASAN on NYSE1
  • Industrysoftware industry1
  • HeadquartersSan Francisco1
  • Websitewww.asana.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address633 Folsom Street, Suite 100, San Francisco, Ca 941077
  • Filer categoryLarge accelerated filer7
  • LEI254900X7UAJNMLPLZ5104
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O UNITED AGENT GROUP INC., 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 46342834

Asana, Inc. ( or ) is an American software company based in San Francisco, California whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

89.0%Gross margin6
-25.0%Operating margin6
-23.9%Net margin6
9.2%Revenue growth, 20266
-122.6%Return on equity6
$86.6MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 59% of the revenue Asana Inc. broke down this way in fiscal 2026.

  1. United States$468.3M659%up 7% from 2025
  2. Outside the United States$322.5M641%up 12% from 2025
Regions by year
Regions202420252026
United States$398.0M$435.8M$468.3M
Outside the United States$254.5M$288.1M$322.5M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue11¢$86.8M
  • Research and development38¢$301.5M
  • Other costs50¢$397.7M
  • Income tax1¢$4.9M

Out of $790.8M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending3¢$3.8M
  • Share buybacks97¢$132.2M

Out of $90.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue9101112136$790.8M in 2026+930% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $76.8M$76.8M20192020: $142.6M$142.6M2020+86%2021: $227.0M$227.0M2021+59%2022: $378.4M$378.4M2022+67%2023: $547.2M$547.2M2023+45%2024: $652.5M$652.5M2024+19%2025: $723.9M$723.9M2025+11%2026: $790.8M$790.8M2026+9%
Gross profit9101112136$704.0M in 2026+1019% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $62.9M$62.9M20192020: $122.7M$122.7M2020+95%2021: $198.3M$198.3M2021+62%2022: $339.5M$339.5M2022+71%2023: $490.7M$490.7M2023+45%2024: $588.0M$588.0M2024+20%2025: $646.7M$646.7M2025+10%2026: $704.0M$704.0M2026+9%
Operating income9101112136-$197.3M in 2026+279% since 2019
-$600.0M-$400.0M-$200.0M02019: -$52.0M-$52.0M20192020: -$119.6M-$119.6M2020+130%2021: -$175.6M-$175.6M2021+47%2022: -$265.2M-$265.2M2022+51%2023: -$407.8M-$407.8M2023+54%2024: -$270.0M-$270.0M2024−34%2025: -$266.7M-$266.7M2025−1%2026: -$197.3M-$197.3M2026−26%
Net income9101112136-$189.0M in 2026+271% since 2019
-$600.0M-$400.0M-$200.0M02019: -$50.9M-$50.9M20192020: -$118.6M-$118.6M2020+133%2021: -$211.7M-$211.7M2021+79%2022: -$288.3M-$288.3M2022+36%2023: -$407.8M-$407.8M2023+41%2024: -$257.0M-$257.0M2024−37%2025: -$255.5M-$255.5M2025−1%2026: -$189.0M-$189.0M2026−26%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-01-312025-01-312024-01-31
Revenues$790.8M$723.9M$652.5M
Cost of revenues$86.8M$77.2M$64.5M
Gross profit$704.0M$646.7M$588.0M
Research and development$301.5M$341.5M$324.7M
Sales and marketing$407.0M$419.9M$392.0M
General and administrative$192.9M$152.0M$141.3M
Total operating expenses$901.4M$913.4M$858.0M
Loss from operations-$197.3M-$266.7M-$270.0M
Interest income and other income (expense), net$16.3M$19.6M$20.6M
Interest expense-$3.1M-$3.7M-$4.0M
Loss before provision for income taxes-$184.2M-$250.8M-$253.3M
Provision for income taxes$4.9M$4.8M$3.7M
Net loss-$189.0M-$255.5M-$257.0M
Basic (in usd per share)-$0.80-$1.11-$1.17
Diluted (in usd per share)-$0.80-$1.11-$1.17
Basic (in shares)236.8M shares229.5M shares220.4M shares
Diluted (in shares)236.8M shares229.5M shares220.4M shares

Compare Asana Inc. with another company

Corporate structure

Asana Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Asana Inc.

  • Asana Inc. San Francisco, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Asana Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$170.3M6 Jan 31, 2026$155.3M6 Jan 31, 2025+9.7%
Accumulated depreciation$82.0M6 Jan 31, 2026$59.4M6 Jan 31, 2025+38.0%
Property and equipment, net$88.3M6 Jan 31, 2026$95.8M6 Jan 31, 2025−7.8%
Operating-lease assets (leased space)$133.4M6 Jan 31, 2026$166.5M6 Jan 31, 2025−19.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$199.8M6 Jan 31, 2026$184.7M6 Jan 31, 2025+8.2%

Properties, in its own words

Our corporate headquarters is located in San Francisco, California, where we lease approximately 266,000 square feet of office space pursuant to a lease that expires in October 2033. We began occupying this space during fiscal 2022 as our new corporate headquarters.

We also maintain additional offices in the United States and internationally.

The rest of Item 2

We may procure additional space in the future if we add employees or expand geographically. We believe our facilities are adequate and suitable for our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate our operations.

Item 2 of the 10-K filed Mar 13, 2026.18

Stakes and holdings (Wikidata)

  • Asana

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Dustin Moskovitz and Justin Rosenstein on Dec 16, 2008.1

The co-founders met at Facebook, where Moskovitz, Facebook's co-founder and vice president of engineering, and his colleague Rosenstein created a productivity tool called Tasks. In 2008, the co-founders left Facebook to start Asana. A Sanskrit word they chose as the name refers to the place and bodily posture yogi adopts to meditate. With their choice, co-founders wanted to describe their aim to build a product that simplifies things — Asana, a pose, is the result of the combination of form and fluidity to stay focused. Asana officially launched for free out of beta in November 2011 and commercially in April 2012.

In 2014, Asana launched its native iOS app and in January 2015, Asana released its native Android app. In 2016, Asana raised $50 million in Series C financing led by Sam Altman, President of Y Combinator. In 2017, Asana integrated with Gmail, and launched its app in French and German.

By January 2018, more than 35,000 paying customers were using Asana, including CityFibre, AB-InBev, Viessmann, eBay, Uber, Overstock.com, Navy Federal Credit Union, Icelandair, and IBM. That same year, the company raised $75 million in Series D funding led by Generation Investment Management, a firm backed by Al Gore. In November 2018, Asana raised another $50 million in funding in Series E to invest in international and product expansion.

In September 2020, Asana went public on the New York Stock Exchange via a direct public offering. In August 2021, Asana dual listed on the Long-Term Stock Exchange.

In April 2022, Asana released its annual Anatomy of Work Index. The report surveyed the behaviors and attitudes of more than 10,000 knowledge workers globally to highlight differences and year-over-year trends in the modern workplace.

As of September 2022, Asana had 131,000 customers.

In March 2025, co-founder and CEO Dustin Moskovitz announced his retirement, causing Asana's stock to drop 25%. In June 2025, Asana appointed Dan Rogers, formerly of LaunchDarkly, ServiceNow, and Rubrik, as CEO, with Moskovitz remaining as chairman. Rogers officially became CEO on July 21, 2025.

In May 2026, Asana acquired StackAI, a no-code artificial intelligence workflow-automation platform, for $75 million. The acquisition was announced alongside Asana's quarterly earnings, with the company positioning it as part of its strategy to integrate AI agents into enterprise workflows.

From Wikipedia’s article on Asana, Inc., shared under CC BY-SA 4.0.8

Leadership

Who has led Asana Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Products and brands

Asana is a software-as-a-service platform designed for team collaboration and work management. Teams can create projects, assign tasks, set deadlines, and communicate directly within Asana. It also includes reporting tools, file attachments, calendars, and goal tracking.

In 2022, Asana released features for team organization; this included My Goals, Automatic Progress Updates, and integrations for Google Workspace and Figma.

In October 2024, Asana launched AI Studio to help companies customize their AI agents to perform jobs and actions across product development stages and workflows.Asana launched "AI Teammates", which works with Work Graph, a proprietary data model.

API and integrations

In April 2012, Asana released its API to third-party developers. Asana's open API provided a means to read and input information and create programmed automation within the app. The Asana API is a RESTful interface, allowing users to update and access much of their data on the platform.

Read the full text

In April 2021, Asana launched Asana Partners, which allows for cross-platform integration with its project management software.

In July 2021, Asana launched an app for Zoom. The Asana app can be opened within the video-conferencing software Zoom.

In 2023, Asana launched product capabilities focused on generative artificial intelligence.

From Wikipedia’s article on Asana, Inc., shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Also owns

  • Asana

From Wikidata.1

Timeline

  1. Sep 28, 20268-K Executive or director change42
  2. Sep 3, 20268-K Results of operations43
  3. Aug 28, 20268-K Executive or director change44
  4. Jul 17, 20268-K Executive or director change45
  5. Jun 12, 20268-K Shareholder vote46
  6. May 28, 20268-K Results of operations47
  7. Apr 20, 20268-K Executive or director change48
  8. Mar 13, 20268-K Executive or director change49
  9. Mar 2, 20268-K Executive or director change50
  10. Mar 2, 20268-K Results of operations; Other events51
  11. Mar 2, 20268-K Executive or director change52
  12. Dec 2, 20258-K Results of operations; Executive or director change53
  13. Jul 21, 2025New chief executive Daniel Mark Rogers becomes CEO19
  14. Sep 30, 2020Went public Listed on NYSE1
  15. Sep 21, 2020New chief executive Dustin Moskovitz becomes CEO20
  16. Dec 16, 2008Founded Founded1

Calendar

Coming up

  1. Dec 1, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported ($0.16) a share, on Dec 2, 2025.54

When it reported results

  1. Sep 3, 2026Reported quarterly or annual results43
  2. May 28, 2026Reported quarterly or annual results47
  3. Mar 2, 2026Reported quarterly or annual results51
  4. Dec 2, 2025Reported quarterly or annual results53
  5. Sep 3, 2025Reported quarterly or annual results55
  6. Jun 3, 2025Reported quarterly or annual results56
  7. Mar 10, 2025Reported quarterly or annual results57
  8. Dec 5, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

565 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 363 insider forms, 41 large holders, 94 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 9, 2026144 EDGAR
  3. Oct 8, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Sep 30, 2026144 EDGAR
  6. Sep 28, 20264 EDGAR
  7. Sep 28, 20268-K EDGAR
  8. Sep 28, 20263 EDGAR
  9. Sep 28, 20263 EDGAR
  10. Sep 28, 20263 EDGAR
  11. Sep 28, 20264 EDGAR
  12. Sep 23, 20264 EDGAR
  13. Sep 23, 20264 EDGAR
  14. Sep 23, 2026144 EDGAR
  15. Sep 23, 20264 EDGAR
  16. Sep 22, 2026144 EDGAR
  17. Sep 22, 2026144 EDGAR
  18. Sep 3, 202610-Q EDGAR
  19. Sep 3, 20268-K EDGAR
  20. Aug 28, 20264 EDGAR

The 565 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

287 open-market trades by officers, directors and large owners since October 2021: 142 buys and 145 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 23, 2026Megji AzizChief Financial OfficerSale3,224$9.26$29.9KForm 4
Sep 22, 2026Rogers Daniel MarkChief Executive OfficerSale150,175$9.13$1.4MForm 4
Sep 22, 2026Colendich Katie MarieGC, Corporate SecretarySale8,474$9.77$82.8KForm 4
Sep 21, 2026Rogers Daniel MarkChief Executive OfficerSale300,937$9.53$2.9MForm 4
Sep 21, 2026Megji AzizChief Financial OfficerSale35,444$9.53$337.8KForm 4
Sep 21, 2026Colendich Katie MarieGC, Corporate SecretarySale7,436$9.53$70.9KForm 4
Aug 27, 2026Rogers Daniel MarkChief Executive OfficerSale1,655$10.00$16.6KForm 4
Jun 30, 2026Rogers Daniel MarkChief Executive OfficerSale13,790$6.90$95.2KForm 4
Jun 26, 2026Colendich Katie MarieGC, Corporate SecretarySale5,242$6.69$35.1KForm 4
Jun 24, 2026Colendich Katie MarieGC, Corporate SecretarySale8,337$6.74$56.2KForm 4
Jun 24, 2026Megji AzizChief Financial OfficerSale13,239$6.73$89.1KForm 4
Jun 22, 2026Sosa VeronicaChief Accounting OfficerSale11,378$6.66$75.8KForm 4
Jun 22, 2026Colendich Katie MarieGC, Corporate SecretarySale7,647$6.66$50.9KForm 4
Jun 22, 2026Rogers Daniel MarkChief Executive OfficerSale26,975$6.66$179.7KForm 4
Jun 22, 2026Megji AzizChief Financial OfficerSale31,696$6.66$211.0KForm 4
Mar 27, 2026Megji AzizChief Financial OfficerSale30,650$6.10$187.0KForm 4
Mar 25, 2026Colendich Katie MarieGC, Corporate SecretarySale5,015$6.42$32.2KForm 4
Mar 24, 2026Colendich Katie MarieGC, Corporate SecretarySale1,500$6.39$9.6KForm 4
Mar 23, 2026Parekh Sonalee ElizabethChief Financial OfficerSale18,717$6.62$123.9KForm 4
Mar 20, 2026Sosa VeronicaChief Accounting OfficerSale6,479$6.65$43.1KForm 4

All 287 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Dan RogersChief Executive Officer49$345.3K$39.5M70
2026Eleanor LaceyFormer General Counsel & Corporate Secretary$5$5.1M70
2026Sonalee ParekhChief Financial Officer$750.0K$4.7M70
2026Anne RaimondiFormer Chief Operating Officer$6$4.4M70
2026Katie ColendichGeneral Counsel & Corporate Secretary46$4$761.4K70
2026Dustin MoskovitzFormer President & Chief Executive Officer$170
2025Sonalee ParekhChief Financial Officer$290.6K$13.4M70
2025Anne RaimondiFormer Chief Operating Officer$750.0K$5.5M70
2025Eleanor LaceyFormer General Counsel & Corporate Secretary$536.2K$3.2M70
2025Dustin MoskovitzFormer President & Chief Executive Officer$170
2024Anne RaimondiFormer Chief Operating Officer$750.0K$4.9M70
2024Eleanor LaceyFormer General Counsel & Corporate Secretary$525.0K$2.2M70
2024Dustin MoskovitzFormer President & Chief Executive Officer$170

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,419,877$65.9M0.0%+1,565,869
Vanguard Portfolio Management LLC9,258,754$64.8M0.0%+551,914
Arrowstreet Capital, Limited Partnership7,333,657$51.3M0.0%+149,409
Goldman Sachs Group Inc6,479,164$45.4M0.0%+2,312,655
D. E. Shaw & Co., Inc.5,908,376$41.4M0.0%−969,969
Voya Investment Management LLC4,724,532$33.1M0.0%+3,118
Aqr Capital Management LLC4,310,919$30.2M0.0%+1,970,695
Vanguard Capital Management LLC4,072,211$28.5M0.0%+205,857
State Street Corp3,470,322$24.3M0.0%+762,965
Two Sigma Investments, LP3,396,684$23.8M0.0%−68,159
Point72 Asset Management, L.P.3,240,082$22.7M0.0%+37,534
Westerly Capital Management, LLC3,030,000$21.2M3.9%+1,756,000
Morgan Stanley2,812,294$19.7M0.0%−794,744
Jacobs Levy Equity Management, Inc2,806,411$19.6M0.1%+481,372
Geode Capital Management, LLC2,447,662$17.1M0.0%+429,576
First Trust Advisors LP2,185,484$15.3M0.0%+196,745
UBS Group AG2,063,943$14.4M0.0%−378,316
Marshall Wace, Llp1,699,145$11.9M0.0%+833,355
Renaissance Technologies LLC1,689,539$11.8M0.0%+1,595,600
Fmr LLC1,302,571$9.1M0.0%+319,985
Charles Schwab Investment Management Inc1,052,355$7.4M0.0%+9,830
Voleon Capital Management LP1,040,319$7.3M0.1%+10,565
Bank Of America Corp /de/995,838$7.0M0.0%−1,241,357
Northern Trust Corp950,327$6.7M0.0%+110,842
Squarepoint Ops LLC888,160$6.2M0.0%+477,858

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Asana Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAsana, Inc.2
  • CIK0001477720
  • Employer ID (EIN)26-391244818
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsJanuary 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address633 Folsom Street, Suite 100, San Francisco, CA 941072
  • Phone(415) 525-38882
  • Shares outstanding162,197,788 Common Class A shares; 75,890,280 Common Class B shares as of Mar 9, 202618
  • Public float$1.3B as of Jul 31, 202518
  • AuditorPricewaterhouseCoopers LLP, San Francisco, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceDec 7, 20092
  • Filings724 in all: 4 (429), 144 (73), 8-K (58), 3 (26), 10-Q (18), SC 13G (13), SC 13G/A (12), SCHEDULE 13G/A (10)2
    All 36 form types

    4/A (8), S-8 (7), 10-K (6), DEF 14A (6), DEFA14A (6), SCHEDULE 13D/A (5), ARS (4), D (4), DRS/A (4), DRSLTR (4), UPLOAD (4), SC 13D/A (3), SCHEDULE 13G (3), 8-K/A (2), CORRESP (2), EFFECT (2), FWP (2), S-1/A (2), S-3ASR (2), 10-K/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), POS AM (1), S-1 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Sep 3, 2026
    Proxy statement (DEF 14A) Apr 20, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, $0.00001 par value per shareASANNew York Stock Exchange

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Asana Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 60 risks under these headings, as written.18

  • Risks Related to Our Business and Industry
  • Our prior growth rates may not be indicative of our future growth.
  • We have a limited operating history at our current scale, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • We have a history of losses, and we may not be able to achieve profitability or, if achieved, sustain profitability.
  • We believe our long-term value as a company will be greater if we focus on growth, which may negatively impact our profitability in the near and medium term.
  • Our quarterly and annual results may fluctuate significantly and may not meet our expectations or those of investors or securities analysts.
  • We may not be able to effectively manage our growth.
  • If we are unable to attract new customers, convert individuals, teams, and organizations using our free and trial versions into paying customers, and expand usage within organizations or develop new features, integrations, capabilities, and enhancements that achieve market acceptance, our revenue growth would be harmed.
  • One of our marketing strategies is to offer free and trial subscription plans, and we may not be able to continue to realize the benefits of this strategy.
  • We derive substantially all of our revenues from a single software solution and products available as add-ons to that solution.
  • If the market for work management solutions develops more slowly than we expect or declines, our business would be adversely affected.
  • We operate in a highly competitive industry, and competition presents an ongoing threat to the success of our business. Our ability to compete and ensure our success requires developments in our technology, including the successful deployment of artificial intelligence in our products.
The other 49 risks
  • Failure to effectively develop and leverage our sales capabilities would harm our ability to expand usage of our platform within our customer base and achieve broader market acceptance of our platform.
  • If our information technology systems, or those of third parties with whom we work, or our data are compromised or operate in an unintended way, we could experience adverse consequences, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; and other adverse consequences.
  • Our use of AI and machine learning technologies in our products and operations gives rise to legal, business, and operational risks. Legal, regulatory, social and ethical issues relating to the use of AI and machine learning technologies in our products and business may result in reputational harm and liability.
  • If we fail to manage our technical operations infrastructure, or experience service outages, interruptions, or delays in the deployment of our platform, our results of operations may be harmed.
  • Real or perceived errors, failures, vulnerabilities, or bugs in our platform would harm our business, results of operations, and financial condition.
  • If we are unable to ensure that our platform interoperates with a variety of software applications that are developed by others, including our integration partners, we may become less competitive and our results of operations may be harmed.
  • The loss of one or more of our key personnel could harm our business.
  • We must continue to attract and retain highly qualified personnel in very competitive markets to continue to execute on our business strategy and growth plans.
  • Our culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the employee engagement fostered by our culture, which could harm our business.
  • Issues and regulations related to human capital, and stakeholder responses thereto, may have an adverse effect on our business, financial condition, and results of operations and may damage our reputation.
  • Our business depends on a strong brand, and if we are not able to maintain and enhance our brand, our ability to expand our base of customers may be impaired, and our business and results of operations will be harmed.
  • If we fail to offer high-quality customer support, our business and reputation will suffer.
  • We rely on third parties maintaining open marketplaces to distribute our mobile application. If such third parties interfere with the distribution of our platform, our business would be adversely affected.
  • We rely on traditional web search engines to direct traffic to our website. If our website fails to rank prominently in unpaid search results, traffic to our website could decline and our business would be adversely affected.
  • Sales to customers outside the United States and our international operations expose us to risks inherent in international sales and operations.
  • Sales to government entities, customers reliant on government funding, and other government contractors are subject to a number of additional challenges and risks.
  • If we experience excessive fraudulent activity, we could incur substantial costs and lose the right to accept credit cards or other payment methods for payment, which could cause our customer base to decline significantly.
  • We may engage in merger and acquisition activities, which would require significant management attention, disrupt our business, dilute stockholder value, and adversely affect our business, results of operations, and financial condition.
  • Risks Related to Government Regulation and Legal Matters, including Taxation and Intellectual Property
  • We may become subject to intellectual property rights claims and other litigation that are expensive to support, and if resolved adversely, could have a material adverse effect on us.
  • If we are unable to protect our intellectual property rights, the value of our brand and other intangible assets may be diminished, and our business may be adversely affected.
  • Our failure to obtain or maintain the right to use certain of our intellectual property would negatively affect our business.
  • Any future litigation against us could be costly and time-consuming to defend.
  • Our use of “open source” and third-party software could impose unanticipated conditions or restrictions on our ability to commercialize our solutions and could subject us to possible litigation.
  • We are subject to anti-corruption, anti-bribery, and similar laws, and our failure to comply with these laws could subject us to criminal penalties or significant fines and harm our business and reputation.
  • We are subject to various export, import, and trade and economic sanction laws and regulations that could impair our ability to compete in international markets and subject us to liability for noncompliance.
  • Changes in tax laws or regulations could be enacted or existing tax laws or regulations could be applied to us or our customers in a manner that could increase the costs of our platform and harm our business.
  • Our business, results of operations, and financial condition may be harmed if we are required to collect sales, value added, or other related taxes for subscriptions to our platform in jurisdictions where we have not historically done so.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Risks Related to Our Capital Allocation Strategy
  • We may need additional capital, and we cannot be sure that additional financing will be available.
  • Our operating activities may be restricted as a result of covenants related to the indebtedness under our November 2022 Senior Secured Credit Facility, and we may be required to repay the outstanding indebtedness in an event of default, which would have an adverse effect on our business. Additionally, future operational challenges on the part of our lender could impact our ability to quickly access additional liquidity.
  • Risks Related To Ownership of Our Class A Common Stock
  • The trading price of our Class A common stock may be volatile and could decline significantly and rapidly.
  • Our largest stockholder will have the ability to influence the outcome of director elections and other matters requiring stockholder approval.
  • The dual class structure of our common stock has the effect of concentrating voting control with our founders, directors, executive officers, and their respective affiliates. This ownership will limit or preclude your ability to influence corporate matters, including the election of directors, amendments of our organizational documents, and any merger, consolidation, sale of all or substantially all of our assets, or other major corporate transaction requiring stockholder approval.
  • We cannot predict the effect our dual class structure may have on the trading price of our Class A common stock.
  • Sales of substantial amounts of our Class A common stock in the public markets, or the perception that sales might occur, could cause the trading price of our Class A common stock to decline.
  • Our business and financial performance may differ from any projections that we disclose or any information that may be attributed to us by third parties.
  • We cannot guarantee that our share repurchase program will be fully implemented or that such program will enhance the long-term value of our share price.
  • Our trading price and trading volume could decline if securities or industry analysts do not publish research about our business, or if they publish unfavorable research.
  • The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members.
  • We do not intend to pay dividends for the foreseeable future.
  • Additional stock issuances could result in significant dilution to our stockholders.
  • Certain provisions in our corporate charter documents and under Delaware law may prevent or hinder attempts by our stockholders to change our management or to acquire a controlling interest in us, and the trading price of our Class A common stock may be lower as a result.
  • Our restated certificate of incorporation designates the Court of Chancery of the State of Delaware and, to the extent enforceable, the federal district courts of the United States of America as the exclusive forums for certain disputes between us and our stockholders, which will restrict our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers, or employees.
  • General Risks
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • A failure to establish and maintain an effective system of disclosure controls and internal control over financial reporting, could adversely affect our ability to produce timely and accurate financial statements or comply with applicable regulations.
  • We may face exposure to foreign currency exchange rate fluctuations.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • Catastrophic events, health epidemics, or geopolitical conflicts may disrupt our business.

Legal proceedings

From time to time, we are involved in various legal proceedings arising from the normal course of business activities. We are not presently a party to any litigation the outcome of which, we believe, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows or financial condition.

The opening of Item 3, Legal Proceedings.18

Sources

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