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Jan 31
Asana Q4 2026 Earnings Report
Asana Q4 2026 Earnings Report
Key Takeaways
Asana delivered a strong fourth quarter with revenue growing 9% year-over-year to $205.6 million, while significantly improving profitability. The company achieved a non-GAAP operating margin of 9% and saw substantial growth in adjusted free cash flow, driven by efficiency gains and strong retention among large enterprise customers.
Q4 revenue reached $205.6 million, representing a 9% year-over-year increase.
Non-GAAP operating margin expanded by 10 percentage points year-over-year to reach 9%.
Adjusted free cash flow grew 108% year-over-year to $25.7 million.
The number of customers spending $100,000 or more annually grew 13% year-over-year to 817.
Revenue by Geographic Location
Forward Guidance
Asana expects continued revenue growth and non-GAAP operating margin expansion for the full fiscal year 2027.
Positive Outlook
- Expected Q1 FY27 revenue growth of up to 9.2%.
- Full year FY27 revenue guidance of $850 million to $858 million.
- Non-GAAP operating margin expected to be at least 9.5% for FY27.
- Anticipated launch of AI Teammates later this quarter.
- Board authorized an additional $160 million for share repurchases.
Challenges Ahead
- Overall dollar-based net retention rate remains below 100% at 96%.
- GAAP operating losses continue, though narrowing.
- Macroeconomic conditions remain a factor in forward-looking risks.
- Potential variability in costs related to AI platform investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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