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Apr 30, 2024
Asana Q1 2025 Earnings Report
Asana reported steady revenue growth and improved free cash flow in Q1 FY25, driven by strong enterprise adoption and AI expansion.
Key Takeaways
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.
Q1 revenue increased 13% year-over-year to $172.4 million.
Net loss was $63.7 million, with an EPS of -$0.28.
Customers spending $100,000 or more grew 19% to 607.
Free cash flow improved to -$4.3 million, compared to -$16.6 million last year.
Forward Guidance
Asana expects steady revenue growth in Q2 FY25, with a focus on strengthening enterprise relationships and AI-driven productivity tools.
Positive Outlook
- Q2 revenue projected between $177M and $178M, up 9-10% year-over-year.
- Non-GAAP operating loss expected to improve to $23M to $21M.
- Continued expansion of enterprise customers and AI adoption.
- Operational efficiencies expected to support margin expansion.
- Growing demand for AI-driven productivity solutions enhancing customer retention.
Challenges Ahead
- Persistent net losses despite revenue growth.
- Macroeconomic uncertainty may impact enterprise spending.
- Intensifying competition in the work management software market.
- Potential regulatory concerns regarding AI-driven solutions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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