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Asana, Inc.

ASAN · Information Technology

Last earnings Sep 3, 2026

Key results

Revenuequarter

$196.9 million

Second Quarter Fiscal 2026 Financial Highlights Revenues Revenues were $196.9 million, an increase of 10% year over year.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Operating incomefull-year

$49.5 million

Operating Income Loss GAAP operating loss was $49.5 million, or 25% of revenues, compared to GAAP operating loss of $76.8 million, or 43% of revenues, in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Non-GAAP operating incomefull-year

$14.0 million

Non-GAAP operating income was $14.0 million, or 7% of revenues, compared to non-GAAP operating loss of $15.7 million, or 9% of revenues, in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Net incomefull-year

$48.4 million

Net Income Loss GAAP net loss was $48.4 million, compared to GAAP net loss of $72.2 million in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Non-GAAP net incomefull-year

$15.1 million

Non-GAAP net income was $15.1 million, compared to non-GAAP net loss of $11.1 million in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Non-GAAP net income per share was $0.06, compared to non-GAAP net loss per share of $0.05 in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Adjusted free cash flowfull-year

$35.4 million

Adjusted free cash flow was $35.4 million, compared to $12.8 million in the second quarter of fiscal 2025.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Revenuefull-year

12%

Revenues from Core customers in Q2 grew 12% year over year.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

AI analysis

Q3 FY2026 · reported Sep 3, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 FY2026
$196.9M
EX-99 · Sep 3, 2025
Adjusted free cash flow · Q3 FY2026
$35.4M
EX-99 · Sep 3, 2025
Net income · Q3 FY2026
$48.4M
EX-99 · Sep 3, 2025
Operating income · Q3 FY2026
$49.5M
EX-99 · Sep 3, 2025

Headline figures

MetricQ3 FY2026Prior qtrYear ago
Revenue$196.9 million——

EX-99 · Sep 3, 2025

Guidance · company-stated

Direction: Raised

Revenue

“htm EX-99.1 Document Exhibit 99.1 Asana Announces Second Quarter Fiscal 2026 Results Q2 revenue exceeded high end of guidance raises midpoint of FY26 revenue guidance range Q2 GAAP operating margin improved 18 percentage points year over year Q2 non-GAAP operating margin improved 16 percentage points year over year Raises FY26 non-GAAP operating margin guidance September 3, 2025 San Francisco, CA Asana, Inc.”

Revenue

“Looking ahead, we are raising both our full-year revenue and non-GAAP operating margin guidance, reflecting our confidence in Asana s ability to drive long-term durable growth and sustained profitability.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Adjusted free cash flowfull year$35.4M

Capital allocation

Asana believes free cash flow and adjusted free cash flow are important liquidity measures of the cash that is available, after capital expenditures and operational expenses, for investment in its business and to make acquisitions.

There are a number of limitations related to the use of free cash flow and adjusted free cash flow as compared to net cash from operating activities, including that free cash flow and adjusted free cash flow exclude capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Asana, Inc. Q3 FY2026 — Second Quarter Fiscal 2026 Financial Highlights Revenues Revenues were $196.9 million, an increase of 10% year over year.

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 Document Exhibit 99.1 Asana Announces Second Quarter Fiscal 2026 Results Q2 revenue exceeded high end of guidance raises midpoint of FY26 revenue guidance range Q2 GAAP operating margin improved 18 percentage points year over year Q2 non-GAAP operating margin improved 16 percentage points year over year Raises FY26 non-GAAP operating margin guidance September 3, 2025 San Francisco, CA Asana, Inc.”

Revenue: “Looking ahead, we are raising both our full-year revenue and non-GAAP operating margin guidance, reflecting our confidence in Asana s ability to drive long-term durable growth and sustained profitability.”

Revenue — Raised (“raises”)
“htm EX-99.1 Document Exhibit 99.1 Asana Announces Second Quarter Fiscal 2026 Results Q2 revenue exceeded high end of guidance raises midpoint of FY26 revenue guidance range Q2 GAAP operating margin improved 18 percentage points year over year Q2 non-GAAP operating margin improved 16 percentage points year over year Raises FY26 non-GAAP operating margin guidance September 3, 2025 San Francisco, CA Asana, Inc.”

Revenue — Raised (“raising”)
“Looking ahead, we are raising both our full-year revenue and non-GAAP operating margin guidance, reflecting our confidence in Asana s ability to drive long-term durable growth and sustained profitability.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Asana believes free cash flow and adjusted free cash flow are important liquidity measures of the cash that is available, after capital expenditures and operational expenses, for investment in its business and to make acquisitions.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

There are a number of limitations related to the use of free cash flow and adjusted free cash flow as compared to net cash from operating activities, including that free cash flow and adjusted free cash flow exclude capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

In April 2020 and November 2022, the Company entered into credit agreements (the April 2020 Senior Secured Term Loan and November 2022 Senior Secured Credit Facility as defined in Note 8.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

Debt ) with Silicon Valley Bank ( SVB ).

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

The April 2020 Senior Secured Term Loan was repaid in full and terminated in November 2022.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

announced that it entered into an agreement to purchase assets and liabilities of SVB, inclusive of the November 2022 Senior Secured Credit Facility.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

Strategy & priorities

We delivered revenue growth above the high end of our guidance, saw NRR stabilize quarter over quarter with improvement in expansion as AI Studio ramps, and expanded non-GAAP operating margin by 16 percentage points year over year, said Sonalee Parekh, Chief Financial Officer of Asana.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Published the Scaling AI in 2025 IT Trends global report - identifying the key strategies companies use to scale AI successfully, and the 2025 State of AI at Work reports for Germany, Australia, and Japan which outline how forward-looking organizations are driving AI transformation in each region.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

These charges are associated with the re-alignment of our organization to meet business needs, top strategic priorities, and key growth opportunities.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

There are a number of limitations related to the use of non-GAAP financial measures as compared to GAAP financial measures, including that the non-GAAP financial measures exclude stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in Asana s business and an important part of its compensation strategy.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Whether it s managing strategic initiatives, cross-functional programs, or company-wide goals, Asana helps organizations bring clarity to complexity turning plans into action with AI working alongside teams every step of the way.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Risks & headwinds

Asana has not provided the corresponding GAAP measure or a reconciliation of non-GAAP outlook measures to corresponding GAAP measures as these are not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of these costs and expenses that may be incurred in the future.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana s control, that may cause Asana s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

SEC original ↗Asana, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Legal Proceedings 45 Item 1A.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

Exhibits 79 Signatures 81 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act ), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ), which statements involve substantial risk and uncertainties.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled Risk Factors and elsewhere in this Quarterly Report on Form 10-Q.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q.

SEC original ↗Asana, Inc. — 10-Q Quarterly report10-QSep 3, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology
Documents

Filings

35 documents

Earnings releases

9 documents

Presentations

0 documents

No presentations for Asana, Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Asana, Inc. are held in this edition of the library.

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