The earnings call highlighted significant achievements such as reaching non-GAAP profitability, launching AI Studio, and securing a record contract renewal. However, challenges remain, particularly with pressures on net retention rates and increased buyer scrutiny. Despite these challenges, the company's progress in AI and non-tech vertical growth contributes to an overall positive outlook.

Company Guidance

In Asana, Inc.'s Q1 Fiscal Year 2026 call, several key metrics and strategic initiatives were highlighted. The company achieved non-GAAP profitability for the first time, with a 4% operating income margin, an improvement of over 1,300 basis points year over year. Total revenue increased by 9% year over year, surpassing guidance. AI Studio, a significant growth driver, reached over $1 million in annual recurring revenue (ARR). The company's $100,000 and over customer base grew by 20% year over year, and Asana closed a landmark $100 million-plus contract renewal, showcasing its enterprise scale capabilities. The guidance for Q2 fiscal 2026 projects revenues between $192 to $194 million, representing 7% to 8% growth, with a non-GAAP operating income of $8 to $10 million. For the full year, revenue is expected to range between $775 million to $790 million, reflecting a 7% to 9% year-over-year growth, with an improved non-GAAP operating margin guidance of at least 5.5%.

First-Time Non-GAAP Profitability

Asana achieved non-GAAP profitability for the first time, with non-GAAP operating margins improving by over 1,300 basis points year over year.

AI Studio Milestone

AI Studio reached general availability in Q1, surpassing $1 million in ARR, showcasing early momentum and global traction across various sectors.

Record Contract Renewal

Asana closed the largest deal in its history, a three-year $100 million-plus contract renewal with one of the largest employers globally.

Strong Growth in Non-Tech Verticals

Non-tech verticals grew faster than the overall company growth, with manufacturing, energy, media, and financial services showing significant gains.

Positive Operating Income

The company reported a positive operating income of $8.1 million, marking a year-over-year improvement of more than 1,300 basis points.

Asana (ASAN) Earnings, Revenues Date & History

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ASAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 03, 2025	2026 (Q2)	0.05 / -	-0.05	―	―	―
Jun 04, 2025	2026 (Q1)	0.03 / 0.05	-0.06	183.33% (+0.11)
Mar 10, 2025	2025 (Q4)	-0.01 / 0.00	-0.04	―
Dec 05, 2024	2025 (Q3)	-0.07 / -0.02	-0.04	50.00% (+0.02)
Sep 03, 2024	2025 (Q2)	-0.08 / -0.05	-0.04	-25.00% (-0.01)
May 30, 2024	2025 (Q1)	-0.08 / -0.06	-0.09	33.33% (+0.03)
Mar 11, 2024	2024 (Q4)	-0.10 / -0.04	-0.15	73.33% (+0.11)
Dec 05, 2023	2024 (Q3)	-0.11 / -0.04	-0.26	84.62% (+0.22)
Sep 05, 2023	2024 (Q2)	-0.12 / -0.04	-0.34	88.24% (+0.30)
Jun 01, 2023	2024 (Q1)	-0.18 / -0.09	-0.3	70.00% (+0.21)

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.