Asana Earnings Reports

Asana beat revenue guidance, turned profitable on a non-GAAP basis, and showed momentum in AI-driven product offerings.

In Q2 FY2026, Asana exceeded revenue expectations, significantly improved its operating margins, and reported non-GAAP net income, reflecting solid execution and momentum from its AI initiatives.

Asana delivered better-than-expected Q1 results, achieving its first non-GAAP operating income. Revenue grew modestly, and the company made significant strides in AI, launching a new product with rapid customer adoption.

Asana's Q4 FY25 revenue grew 10% year-over-year to $188.3 million. The company achieved a substantial improvement in non-GAAP operating margin and generated positive free cash flow. While GAAP net loss remained nearly unchanged from the prior year, non-GAAP results showed significant improvement.

Asana's Q3 FY25 revenue grew 10% year-over-year to $183.9 million, with improving dollar-based net retention rates. The company reported a GAAP net loss of $57.3 million and an EPS of -$0.25. Non-GAAP net loss improved to $4.8 million, with a non-GAAP EPS of -$0.02. Core customer count increased by 11%, while free cash flow remained negative at -$18.2 million.

Asana's Q2 FY25 revenue increased 10% year-over-year to $179.2 million, supported by record multi-year deals and strong enterprise adoption. The company reported a GAAP net loss of $72.2 million, with an EPS of -$0.31. Non-GAAP net loss was $11.1 million, with a non-GAAP EPS of -$0.05. Free cash flow was positive at $12.8 million, reflecting operational improvements.

Asana's Q1 FY25 revenue increased 13% year-over-year to $172.4 million. The company reported a GAAP net loss of $63.7 million, with an EPS of -$0.28. Non-GAAP net loss was $13.3 million, with a non-GAAP EPS of -$0.06. Free cash flow improved significantly to -$4.3 million, marking an improvement over the prior year's -$16.6 million.

Asana's Q4 FY24 revenue increased 14% year-over-year to $171.1 million. The company reported a GAAP net loss of $62.4 million, with an EPS of -$0.28. Non-GAAP net loss improved to $10.1 million, with a non-GAAP EPS of -$0.04. Free cash flow improved to -$17.0 million, reflecting continued operational improvements.

Asana reported a strong Q3 with a 55% year-over-year increase in total revenue, reaching $58.9 million. The company also saw growth in revenue from customers spending $5,000 or more annually, with an increase of over 80% year-over-year.

Asana reported strong second-quarter results with revenue growth of 57% year-over-year. The company is focused on helping teams work together effortlessly and believes it is well-positioned in a multi-billion dollar market.