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Jul 31, 2024
Asana Q2 2025 Earnings Report
Asana reported solid revenue growth and record multi-year deals in Q2 FY25, driven by increased enterprise adoption and AI innovations.
Key Takeaways
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.
Q2 revenue increased 10% year-over-year to $179.2 million.
Net loss was $72.2 million, with an EPS of -$0.31.
Customers spending $100,000 or more grew 17% to 649.
Free cash flow was positive at $12.8 million.
Revenue by Geographic Location
Forward Guidance
Asana expects steady revenue growth in Q3 FY25, with a focus on expanding enterprise adoption and AI-driven productivity improvements.
Positive Outlook
- Q3 revenue projected between $180M and $181M, up 8-9% year-over-year.
- Non-GAAP operating loss expected to narrow to $19M to $18M.
- Continued growth in enterprise adoption and AI-powered solutions.
- Improved operational efficiency to support margin expansion.
- Increased large customer retention and contract renewals.
Challenges Ahead
- Ongoing net losses despite revenue growth.
- Macroeconomic uncertainty may impact enterprise spending.
- Competitive pressures in the AI and work management space.
- Potential regulatory challenges in AI-driven solutions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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