Asana, Inc. (ASAN)
NYSE:ASAN
Want to see ASAN full AI Analyst Report?
Earnings Data
Report Date
Sep 09, 2026During Market Hours (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.06Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational and product momentum signals — above-guidance revenue, expanding profitability, improving retention trends, strong AI product adoption, and a strategic acquisition (Stack.ai) that accelerates the AI roadmap. At the same time, management flagged several near-term headwinds (PLG drag, cautious guidance that does not fully assume tech vertical recovery, acquisition margin impact, and SBComp/dilution). On balance the positives (revenue/profit beat, improving NRR trend, AI traction, cash/RPO growth, and strategic M&A) outweigh the lowlights, but the company remains in an early phase of AI monetization with some conservatism reflected in guidance.Company Guidance
Revenue and Profitability Beat
Q1 revenue $205.1M, up 9.5% year-over-year and above the high end of guidance. Non-GAAP operating margin was 11.5% with non-GAAP operating income of $23.6M; company characterized margin performance as a significant year-over-year improvement. GAAP net income $24.4M, $0.10 per diluted share. Adjusted free cash flow $34.4M (17% of revenue).
Improving Net Retention and Customer Health
In-quarter net revenue retention (NRR) improved to 97% (fourth consecutive quarterly improvement); trailing 4-quarter dollar-based NRR was 96%. Core customer NRR was 97%; customers spending ≥$100K had NRR of 96%. Core customers (≥$5K ARR) totaled 26.1K and revenues from that cohort grew 10% YoY, representing 76% of revenue.
Strong AI Product Traction
AI product bookings represented 17% of net-new ARR in Q1 (ahead of the 15% full-year pace target). Number of customers spending >$100K annually on AI Studio nearly doubled quarter-over-quarter. Tasks involving AI teammates are completed nearly 9x faster, signaling strong productivity gains and adoption.
Large Customer Outcomes Demonstrating ROI
Customer case studies show tangible efficiency and time savings: FedEx reclaimed ~1,200 hours annually, reduced intake review time from 90 to 30 minutes and achieved 9x speed-to-market improvements; COS achieved a 90% reduction in campaign setup time, doubled asset output to >1,000 assets per campaign, and eliminated nearly 3,000 annual manual hours.
International and Vertical Momentum
International revenue grew 12% YoY, outpacing overall company growth with strength in EMEA and APAC. The technology vertical returned to positive YoY growth for the first time in eight quarters, driven in part by AI product adoption (customers such as Anthropic and CoreWeave).
Balance Sheet Strength and Capital Allocation
Cash, cash equivalents and marketable securities approx. $424.6M at quarter end. Remaining performance obligations (RPO) $518.1M, up 23% YoY; current RPO grew 9% YoY and represents 79% of total RPO. Ending deferred revenue $320.1M, up 11% YoY. Executed $45M share buyback in the quarter with ~$155M remaining authorization.
Strategic Acquisition Accelerates Roadmap
Acquisition of Stack.ai: ~$75M upfront cash plus equity earnout; adds ~50 employees and customers/workflows (some customers with >1,000 workflows). Company states Stack.ai accelerates the AI/automation roadmap by over a year and is expected to contribute incremental AI capability and ~50 basis points of revenue contribution in the near term.
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 |
|---|---|---|---|
May 28, 2026 | $6.66 | ― | ― |
Mar 02, 2026 | $7.30 | $7.44 | +1.92% |
Dec 02, 2025 | $13.39 | $14.43 | +7.77% |
Sep 03, 2025 | $14.23 | $14.63 | +2.81% |
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, Inc. (ASAN) report earnings?
Asana, Inc. (ASAN) is schdueled to report earning on Sep 09, 2026, During Market Hours (Confirmed).
What is Asana, Inc. (ASAN) earnings time?
Asana, Inc. (ASAN) earnings time is at Sep 09, 2026, During Market Hours (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 2027 (Q2) is 0.09.
