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Asana (ASAN)
NYSE:ASAN
Earnings Data
Report Date
Sep 09, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
-0.05Same Quarter Last Year
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 04, 2025
|% Change Since: -2.58%
|Next Earnings Date:Sep 09, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements including non-GAAP profitability and strong early success of AI Studio, paired with challenges in net retention rates and buyer scrutiny. While growth was strong in non-tech verticals and international markets, there were pressures from downgrade activities and difficulties in the tech segment. Overall, the positive aspects are balanced by the challenges, leading to a neutral sentiment.Company Guidance
During Asana's fiscal year 2026 Q1 earnings call, the company highlighted several key metrics and strategic initiatives. Asana achieved non-GAAP profitability for the first time, with a total revenue increase of 9% year over year, exceeding the top end of their guidance. Non-GAAP operating margins improved by over 1,300 basis points year over year, shifting from a 9% operating loss to a 4% operating income margin. The adjusted free cash flow margin increased by more than 700 basis points year over year, reaching 5% for the quarter. AI Studio, a significant focus, surpassed $1 million in annual recurring revenue (ARR), showcasing strong early momentum. Asana also reported a 20% year-over-year growth in customers spending $100,000 or more, including a landmark three-year $100 million-plus contract renewal with one of the largest employers globally. Despite a stable in-quarter net retention rate, the company anticipates pressure in Q2 due to continued downgrades, particularly in the tech and enterprise segments. Asana's strategic priorities for fiscal year 2026 include driving customer health, accelerating acquisition, and enhancing customer value through product innovation, particularly with AI. For Q2, Asana projects revenues between $192 million and $194 million, with a non-GAAP operating income of $8 million to $10 million and a non-GAAP net income per share of 4¢ to 5¢. The full-year revenue guidance has been updated to a range of $775 million to $790 million, representing 7% to 9% growth year over year.Non-GAAP Profitability Achievement
Asana achieved non-GAAP profitability for the first time in Q1 of FY2026, with non-GAAP operating margins improving over 1,300 basis points year over year.
AI Studio's Early Success
AI Studio surpassed $1 million in ARR, showing strong early momentum and demonstrating significant potential for future revenue growth.
Enterprise Customer Growth
Customers spending $100,000 or more grew 20% year over year, and the company closed the largest deal in its history, a $100 million-plus contract renewal.
Revenue and Cash Flow Improvements
Total revenues were up 9% year over year, exceeding guidance, with adjusted free cash flow margin improving by more than 700 basis points, reaching 5%.
International Revenue Growth
International revenue grew by 11% year over year, driven by strong demand in EMEA and Japan.
New Offerings and Strategic Initiatives
Launched AI Studio Plus tier and Smart Workflow Gallery, enhancing AI capabilities and customer value.
Continued Expansion in Non-Tech Verticals
Non-tech verticals grew mid-teens year over year, now accounting for over 70% of the business.
ASAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2025 | $15.11 | $14.72 | -2.58% |
Mar 10, 2025 | $16.68 | $12.64 | -24.22% |
Dec 05, 2024 | $15.46 | $22.19 | +43.53% |
Sep 03, 2024 | $13.29 | $12.61 | -5.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Asana (ASAN) report earnings?
Asana (ASAN) is schdueled to report earning on Sep 09, 2025, TBA Not Confirmed.
What is Asana (ASAN) earnings time?
Asana (ASAN) earnings time is at Sep 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASAN EPS forecast?
ASAN EPS forecast for the fiscal quarter 2026 (Q2) is 0.05.
