Asana Inc (ASAN)

Asana Unveils Operating System for Human-Agent TeamsJune 4, 2026 4:30 AM
Business Wire Agentic Work Management solves the AI productivity gap; Organizations can run critical work with humans and agents on the same plan, with the same context, under the same governance Asana announces next generation AI Teammates purpose-built for industries and Asana Dash, an AI Chief of Staff for every user that knows your individual goals, priorities and what needs your attention New apps coming soon: Asana Service Management for IT, Command by Asana for Builders, and Asana Client Management for Professional Services Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) today unveiled the operating system for human-agent teams: a new product suite designed to help organizations run critical work with humans and AI agents working from the same plan, with the same context, under the same governance — unlocking enterprise productivity at scale. Announced at the Work Innovation Summit in London, the launch marks Asana’s most significant product evolution to date. The launch arrives at a pivotal moment for enterprises. Today, 75% of knowledge workers use AI on the job*, yet only 5% of companies report meaningful productivity gains**. This is what Asana calls the AI productivity gap, and it comes down to four reasons: Hard to get started: It's hard for teams to discover the right agents and visualize their current processes and workflows. Agents aren't team players: There is no framework for individuals to interact with agents in multiplayer mode alongside the rest of their team. Agents lack context: Most agents aren't onboarded with the context of how their teams operate, prior decisions, or what their priorities are. Hard to govern: CIOs and IT leaders are concerned about agents operating with unchecked data access and no cost oversight. Organizations need an operating layer on top, a place where humans and agents run critical workflows together. This is what Asana can deliver today. What’s new Agentic Work Management is Asana's easy button for AI productivity across every team. Built to close the AI gap, it delivers in several key ways: supercharging teams with ready-to-go agents, eliminating the busywork that slows every team down, and making sure every individual always knows their next best action. Agentic Work Management enabled by a new generation of teammates Agentic Work Management introduces a new way to use Asana, with agents enabled for every layer of the business: For personal use, an AI Chief of Staff - called Asana Dash - that understands each user’s goals, priorities, and the work that needs attention across teams and tools. It captures follow-ups from meetings, Slack threads, and email, turns them into structured work in the Work Graph, and connects users to the right AI Teammates for specific tasks and projects to move work forward. For teams, AI Teammates are now more capable, more connected, and easier to adopt, with a new chat-based front door, in-product recommendations, a Skills library for repeatable work, and integrations across Gmail, Outlook, Slack, HubSpot, Figma, Canva, and more. Because they operate in a shared system with memory of past decisions and working patterns, each workflow starts with more context and gets sharper over time. For specific industries where teams rely on deeply specialized workflows, Asana is expanding its portfolio of AI Teammates with pre-built, industry-specific agents for high-value workflows in manufacturing, retail, and other industries. Each arrives pre-onboarded to the work it supports, helping teams get value faster. With StackAI, Agentic Work Management extends across enterprise systems With StackAI, acquired in May 2026, customers can extend Agentic Work Management beyond the Work Graph into the systems where work actually happens. AI Studio, AI Teammates, and StackAI together let customers orchestrate complex, multi-step workflows across CRMs, ERPs, collaboration tools, support systems, contracts, databases, and custom infrastructure — not just within Asana. Teams can plan work, coordinate humans and agents through one shared system, and execute across the enterprise with the context, governance, and handoffs production use demands. New applications coming soon: the OS packaged for the teams that need it most Asana is packaging its operating system for the teams whose work is most dependent on coordinated execution. Asana Service Management unifies ticketing and project execution for IT, HR, facilities, and other service teams to resolve key issues without human touch. A self-learning knowledge base improves deflection over time. When a request needs another team involved, Asana can move from ticket to project without losing context, something legacy ITSM tools structurally cannot do. Command by Asana is a planning and product development system for humans and agents to work in sync. Specs write themselves from context across past tickets, PRs, meetings, and notes. Releases hold because engineering managers can model their backlog against release dates and run what-if scenarios across capacity and velocity without the spreadsheets. Leaders can ask a question or check the live dashboard to see what's off track, why, and which dependencies are hidden. Asana Client Management runs the full agency lifecycle in one system. Deliver every client a branded portal where all communication lives in one place, keeping them informed and aligned from intake through delivery. AI agents handle the work that slows teams down: capacity planning, SOW creation, asset production, status drafts. And, with a live view of project and client health, resourcing decisions happen before problems surface, not after. "For 18 years, Asana has solved one of the hardest problems in business: helping teams coordinate at scale across goals, decisions, and handoffs. The foundation we built - the Enterprise Work Graph, shared memory, multiplayer coordination, and governance - is precisely what the agentic era requires. Asana's OS is how AI moves from helping individuals work faster to supercharging entire organizations," said Dan Rogers, CEO of Asana. “Many vendors are repositioning around AI agents, but layering agents onto coordination-centric systems does not address the core challenge of enterprise execution. As organizations move toward more dynamic, cross-system workflows, the need is shifting from coordination to Adaptive Work Orchestration, where humans and AI operate against shared context, with embedded governance and continuous visibility. Asana’s Agentic Work Management approach reflects this shift, combining a structured work graph with orchestration capabilities to support execution across people, systems, and intelligent agents at scale,” says Riana Barnard, Industry Analyst at Frost & Sullivan. Customers adopting Agentic Work Management FedEx has deployed AI Studio and AI Teammates across marketing and sales, driving a 9x improvement in speed to market and generating hundreds of thousands of dollars in annual operational savings. In marketing, FedEx consolidated intake from more than 24 forms into a single intelligent workflow using AI Studio, with AI Teammates drafting go-to-market plans and creative briefs, reducing planning cycles from weeks to days and reclaiming over 1,200 hours annually. In sales enablement, intake review time dropped from 90 minutes to 30 minutes, with automated portfolios handling cross-region launch sequencing in real time to optimize seller capacity. At the leadership level, AI Teammates generated summaries and status updates providing 100% visibility into global initiatives, and reclaiming over 300 hours previously spent on manual alignment. COS, the global fashion brand within the H&M Group, used AI Studio and AI Teammates to transform campaign production across marketing, ecommerce, and regional teams worldwide - cutting campaign setup time by 90%, doubling asset output to more than 1,000 assets per campaign, and eliminating nearly 3,000 hours of annual manual work. As COS put it: "Asana hasn't merely improved our processes - it has redefined how we work." Asana's Work Innovation Summit comes to London today Leaders and practitioners from around the world are gathering in London today for Asana's Work Innovation Summit - a day of fresh ideas, hands-on learning, and meaningful connection about how to build the agentic enterprise. Attendees get hands-on time with the latest capabilities and direct access to the peers and experts shaping how humans and agents work together. For more information or to watch on-demand visit here. Availability Agentic Work Management, including AI Teammates and AI Studio, is available today. Asana Dash, Asana Service Management, Command by Asana, and Asana Client Management will be made available in phases over the coming months. For the latest information visit asana.com/ai. About Asana Asana is the operating system for human-agent teams. Built on the Enterprise Work Graph® and 18 years of multiplayer architecture, Asana is where an organization’s humans and agents run critical workflows together - from a shared plan, with shared memory, backed by enterprise-grade governance. Learn more at asana.com. *Microsoft and LinkedIn, 2024 Work Trend Index Annual Report: AI at Work Is Here. Now Comes the Hard Part, May 8, 2024.
**Boston Consulting Group, The Widening AI Value Gap, September 30, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604472500/en/ Frances Ward
Asana Communications
Press@asana.com Original: Asana Unveils Operating System for Human-Agent Teams

Asana to Present at Upcoming Investor EventsMay 29, 2026 4:05 PM
Business Wire Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the operating system for human-agent teams, today announced that Asana’s executives will present at the following investor events: Bank of America 2026 Global Technology Conference on June 2, 2026 at 10:40 a.m. PT / 1:40 p.m. ET Baird 2026 Global Consumer, Technology & Services Conference on June 4, 2026 at 6:40 a.m. PT / 9:40 a.m. ET Asana Investor Webinar: OS for Human-Agent Teams - Strategy and Innovation Showcase on June 8, 2026 at 7:00 a.m. PT / 10:00 a.m. ET A live webcast will be available on Asana’s website at https://investors.asana.com. About Asana Asana is the operating system for human-agent teams. Built on the Enterprise Work Graph and 18 years of multiplayer architecture, Asana is where an organization’s humans and agents run critical workflows together - from a shared plan, with shared memory, all under enterprise-grade governance. Learn more at asana.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260529627270/en/ Eva Leung
Asana Investor Relations
IR@asana.com Original: Asana to Present at Upcoming Investor Events

NYSE Content Update: Dell Technologies Reports 88% Revenue Increase YoYMay 29, 2026 8:55 AM
PR Newswire (US) NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, May 29, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Ashley Mastronardi delivers the pre-market update on May 29thThe S&P 500 will look to extend its record run as investors digest new developments in the Middle East.Shares of Global X NYSE 100 ETF Component Dell Technologies (NYSE: DELL) popped in extended trading after reporting Q1 earnings Thursday afternoon.Asana (NYSE: ASAN) CEO Dan Rogers will join Taking Stock to discuss how its AI solutions are leading to increased revenue and a higher number of core customers.Opening Bell
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Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent TeamsMay 28, 2026 4:03 PM
Business Wire Acquisition adds orchestration for complex workflows that span enterprise systems, data, and teams Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the operating system for human-agent teams, today announced it has completed the acquisition of StackAI. StackAI is a no-code AI workflow platform that enables companies to design, test, deploy and govern custom AI agents and intelligent automation of business-critical workflows. The platform connects workflows, data, and actions across enterprise systems such as ERP, CRM and ITSM, to automate operational processes like customer support, IT service requests, compliance workflows, and broader cross-functional business operations. Based in San Francisco, the company has built an impressive track record with customers across financial services, healthcare, and professional services; industries that demand the highest security, reliability, and enterprise-grade governance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528515345/en/ StackAI is one of the few products that can execute these processes end-to-end across enterprise tools with multi-agent workflows - reading and acting in Salesforce, AWS, Docusign, Oracle, document systems, and industry applications through bi-directional sync. Bringing StackAI and Asana together pairs cross-system execution with the platform where teams already plan and run their work alongside the context, ownership, and history of every project. AI Teammates serve as the bridge, pulling context from the Work Graph® into StackAI workflows and sending resulting actions and data back into Asana. While most AI tools today are designed for one person working with one agent, Asana agents are multiplayer and allow many people to interact with and improve a single agent through approvals, handoffs, and shared plans. This makes it possible for humans and agents to collaborate on workflows that span any system or team, and those workflows get smarter every time they run. Dan Rogers, CEO of Asana, explains, "This acquisition accelerates our roadmap and marks the next phase of human-agent work. We're seeing real momentum with AI Teammates and AI Studio: customers are augmenting their teams with purpose-built agents that take on everyday work and use AI Studio to build automations around highly repetitive processes like request intake and task routing. StackAI now lets them go further, agentifying the most complex business processes end-to-end, across every system and tool their business runs on. This is an incredibly exciting time for Asana. We’re primed to help enterprises unlock the real productivity promise of AI. "In our own proof of concept with the StackAI team, we transformed our Search Engine Optimization spend process in minutes. StackAI agents quickly pulled live data across five marketing systems, summarized the insights, and handed work over to AI Teammates trained by their human counterparts to take action. We were blown away, and we think our customers will be too.” The StackAI team is led by co-founders Tony Rosinol and Bernard Aceituno, both MIT PhDs who are shaping the next wave of enterprise AI. They are joining Asana as part of the acquisition. Tony Rosinol from StackAI states, “StackAI was built on a simple conviction: AI creates ROI for enterprises when agents can specialize and reach into the systems where business actually runs. General-purpose agents talk; specialized agents act. So we built a platform to let anyone build agents for manual and important enterprise processes. We then proved ourselves within some of the most heavily-regulated companies in the world. “Joining Asana is the moment our offering scales. We bring the cross-system workflow engine; Asana brings a company’s entire business context, memory, team workflows and governance - along with an established enterprise sales motion and thousands of customers waiting for exactly what we've built.” Rogers continued, "Asana is the operating system for human-agent work. Our customers can run governed, reliable workflows across teams, systems and data. Foundation models will continue to improve and orchestration tools will continue to multiply. The enduring value will belong to the system that can coordinate all of them inside the flow of real operational work - with the context, governance, memory, and execution capability that make every cycle smarter than the last. We are closing the gap from pockets of individual productivity to enterprise-wide workflow productivity - humans and agents working together at the right checkpoints, on the workflows that actually matter." About Asana Asana is the operating system for human-agent teams. Built on the Enterprise Work Graph® and 18 years of multiplayer architecture, Asana is where an organization’s humans and agents run critical workflows together - from a shared plan, with shared memory, backed by enterprise-grade governance. Learn more at asana.com. About StackAI StackAI offers a no-code platform that enterprises use to build, test, and deploy AI agents that execute complex workflows across the systems their business runs on - Salesforce, Asana, SharePoint, Oracle, document systems, and industry-specific applications. Enterprises across financial services, industrials, healthcare, professional services, and technology have used StackAI to automate processes that span multiple tools and domains. StackAI continues to operate as its own product and brand following its acquisition by Asana. Learn more at stackai.com. Forward-Looking Statements This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our financial and operational performance, expectations related to our market opportunity, the potential and impact of AI, the expected benefits of AI Studio and AI Teammates, including our expectations regarding revenue to be generated by AI Studio and AI Teammates, our ability to execute on our current strategies, including our acquisition of StackAI, our expectations regarding our acquisition of StackAI, including the potential benefits of the acquisition, our technology and brand position, expectations regarding product launches and capabilities, our growth and expansion opportunities, Asana’s outlook for the expected benefits of our offerings, and our market position. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2026 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528515345/en/ Frances Ward
Asana Communications
Press@asana.com Eva Leung
Asana Investor Relations
IR@asana.com Original: Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams

Asana Announces First Quarter Fiscal 2027 ResultsMay 28, 2026 4:05 PM
Business Wire Q1 revenue exceeded high end of guidance
Record Q1 GAAP operating margin, up 1,600 bps year over year; record non-GAAP operating margin of 11.5%, up 720 bps year over year
Announces acquisition of StackAI, expanding Asana’s cross-system workflow orchestration capabilities for human-agent teams Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the operating system for human-agent teams, today reported financial results for its first quarter fiscal 2027 ended April 30, 2026. “Asana is the operating system for human-agent teams,” said Dan Rogers, Chief Executive Officer of Asana. “We believe the real enterprise productivity unlock from AI comes when humans and agents work together across the critical workflows that run the business. Customers are increasingly using AI Studio and AI Teammates to coordinate work faster, automate complex processes, and embed AI more deeply into their operations. The addition of StackAI strengthens our position as the operating system for human-agent teams by enabling customers to coordinate complex, cross-system workflows across humans and AI agents.” “We exceeded the high end of our guided metrics and improved NRR for the fourth consecutive quarter,” said Aziz Megji, Chief Financial Officer of Asana. “The business continues to show improving fundamentals, supported by momentum in AI product adoption, customer expansion, and operating efficiency. The acquisition of StackAI further differentiates our operating system for human-agent teams and reinforces our confidence in Asana’s long-term growth and profitability potential.” First Quarter Fiscal 2027 Financial Highlights Revenues: Revenues were $205.1 million, an increase of 9.5% year over year. Operating Income/Loss: GAAP operating loss was $15.2 million, or 7% of revenues, compared to GAAP operating loss of $43.9 million, or 23% of revenues, in the first quarter of fiscal 2026. Non-GAAP operating income was $23.6 million, or 11.5% of revenues, compared to non-GAAP operating income of $8.1 million, or 4% of revenues, in the first quarter of fiscal 2026. Net Income/Loss: GAAP net loss was $14.4 million, compared to GAAP net loss of $40.0 million in the first quarter of fiscal 2026. GAAP net loss per share was $0.06, compared to GAAP net loss per share of $0.17 in the first quarter of fiscal 2026. Non-GAAP net income was $24.4 million, compared to non-GAAP net income of $12.0 million in the first quarter of fiscal 2026. Non-GAAP diluted net income per share was $0.10, compared to non-GAAP diluted net income per share of $0.05 in the first quarter of fiscal 2026. Cash Flow: Cash flows from operating activities were $40.2 million, compared to $6.8 million in the first quarter of fiscal 2026. Adjusted free cash flow was $34.4 million, compared to $9.9 million in the first quarter of fiscal 2026. First Quarter Fiscal 2027 Business Highlights The number of Core customers, or customers spending $5,000 or more on an annualized basis, grew to 26,103, an increase of 7% year over year. Revenues from Core customers grew 10% year over year. The number of customers spending $100,000 or more on an annualized basis grew to 817, an increase of 12% year over year. Overall dollar-based net retention rate was 96%. Dollar-based net retention rate for Core customers was 97%. Dollar-based net retention rate for customers spending $100,000 or more on an annualized basis was 96%. Appointed Aziz Megji as Chief Financial Officer to lead Asana’s financial strategy, planning, investor relations, and capital allocation. Introduced AI Teammates to all customers — ready-to-deploy agents assigned like team members to lead initiatives, manage approvals, and coordinate deliverables autonomously alongside humans. Ranked #1 Most Innovative Company in the Workplace category by Fast Company, validating that AI agents should be shared teammates embedded in how real teams work. Received the Google Cloud Partner of the Year award, underscoring Asana’s position as a strategic enterprise partner for connecting work management with the broader Google ecosystem. Named the only vendor to earn Customers' Choice distinction in both Gartner Voice of the Customer reports for Collaborative Work Management and Adaptive Project Management and Reporting. Recognized global customers through 2026 Work Innovation Award winners for leveraging Asana and AI to automate workflows, increase productivity, and drive measurable business results across industries. Expanded customer engagement through Asana on Tour events in Boston, Los Angeles, and Dallas, providing hands-on education and best practice sharing to help organizations deepen product adoption, learn new workflows, and maximize platform value. Financial Outlook For the second quarter of fiscal 2027, Asana expects: Revenues of $213 million to $215 million, representing year-over-year growth of 8.2% to 9.2%, inclusive of an expected contribution of approximately 50 basis points to growth from the StackAI acquisition. Non-GAAP operating income of $18 million to $20 million, with 8.5% to 9.3% operating margin. Non-GAAP net income per share of $0.08 to $0.09, assuming diluted weighted average shares outstanding of approximately 237 million. For fiscal 2027, Asana expects: Revenues of $855.5 million to $863.5 million, representing year-over-year growth of 8.2% to 9.2%, inclusive of an expected contribution of approximately 50 basis points to growth from the StackAI acquisition. Non-GAAP operating margin of at least 9.75%. Non-GAAP net income per share of $0.37, assuming diluted weighted average shares outstanding of approximately 239 million. These statements are forward-looking and actual results may materially differ. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause Asana’s actual results to materially differ from these forward-looking statements. A reconciliation of non-GAAP outlook measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of these costs and expenses that may be incurred in the future. Asana has provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for its first quarter fiscal year 2027 non-GAAP results included in this press release. Earnings Conference Call Information Asana will hold a conference call and live webcast today to discuss these results at 1:30 p.m. Pacific Time. A live webcast and replay will be available on the Asana Investor Relations webpage at: https://investors.asana.com. Forward-Looking Statements This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our financial and operational performance, expectations related to our market opportunity, the potential and impact of AI, the expected benefits of AI Studio and AI Teammates, including our expectations regarding revenue to be generated by AI Studio and AI Teammates, our ability to execute on our current strategies, including our acquisition of StackAI, our expectations regarding our acquisition of StackAI, including the potential benefits of the acquisition, our technology and brand position, expectations regarding product launches and capabilities, our growth and expansion opportunities, Asana’s outlook for the fiscal quarter ending July 31, 2026 and the full fiscal year ending January 31, 2027, Asana’s outlook for the expected benefits of our offerings, and our market position. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2026 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. Use of Non-GAAP Financial Measures To supplement Asana’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Asana utilizes certain non-GAAP financial measures to assist in understanding and evaluating its core operating performance. In this release, Asana’s non-GAAP gross margin, operating income, operating income as a percentage of revenue, operating margin, net income, basic and diluted net income per share, adjusted free cash flow, and revenues adjusted for the impact of foreign currency are not presented in accordance with GAAP and are not intended to be used in lieu of GAAP presentations of results of operations. These non-GAAP financial measures, which may be different from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of Asana’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures which can be found in the accompanying financial statements included with this press release. Asana is presenting these non-GAAP financial measures because it believes that these non-GAAP financial measures provide useful information about its financial performance, enhance the overall understanding of Asana’s past performance and future prospects, facilitate period-to-period comparisons of operations against other companies in Asana’s industry, and allow for greater transparency with respect to important metrics used by Asana’s management for financial and operational decision-making. Asana believes the following adjustments and exclusions from its non-GAAP financial measures are useful to investors and others in assessing Asana’s operating performance due to the following factors: Stock-based compensation expenses. Although stock-based compensation is an important aspect of the compensation of our employees and executives, management believes it is useful to exclude stock-based compensation expenses to better understand the long-term performance of Asana’s core business and to facilitate comparison of its results to those of peer companies. Amortization of stock-based compensation capitalized in internal-use software. Consistent with our exclusion of stock-based compensation expenses, management believes it is useful to exclude the amortization of stock-based compensation capitalized in internal-use software in order to better understand the long-term performance of Asana’s core business and to facilitate comparison of its results to those of peer companies. Employer payroll tax associated with RSUs. The amount of employer payroll tax-related items on employee stock transactions is dependent on Asana’s stock price and other factors that are beyond its control and that do not correlate to the operation of the business. Non-cash expenses. Non-cash expenses include charges for impairment of long-lived assets. We believe the exclusion of certain non-cash items provides useful supplemental information to investors and facilitates the analysis of its operating results and comparison of operating results across reporting periods. Restructuring related costs (benefits). These charges are associated with the re-alignment of our organization to meet business needs, top strategic priorities, and key growth opportunities. We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business, to facilitate comparison of our results to those of peer companies, and to facilitate comparison over multiple periods. Acquisition-related costs. Acquisition-related costs include direct transaction costs, such as professional and advisory fees. We believe it is useful to exclude these costs to facilitate the comparison of our financial results to those of peer companies, and to facilitate comparison over multiple periods. Revenues adjusted for the impact of foreign currency. Calculated by applying the comparative prior period average exchange rates to revenue recognized on invoices billed in currencies other than United States dollars in the current period. Asana provides revenues adjusted for the impact of foreign exchange rates as a framework for assessing how our underlying business performed from period to period, excluding the effects of foreign currency fluctuations. The growth rates for revenues adjusted for the impact of foreign currency are calculated by comparing the revenues adjusted for the impact of foreign currency in the current period to the GAAP revenue from the comparable prior period. There are a number of limitations related to the use of non-GAAP financial measures as compared to GAAP financial measures, including that the non-GAAP financial measures exclude stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in Asana’s business and an important part of its compensation strategy. In addition to the non-GAAP financial measures outlined above, Asana also uses the non-GAAP financial measure of adjusted free cash flow, which is defined as free cash flow plus costs paid related to restructuring. Asana believes adjusted free cash flow is an important liquidity measure of the cash that is available, after capital expenditures and operational expenses, for investment in its business and to make acquisitions. Asana believes that adjusted free cash flow is useful to investors as a liquidity measure because it measures Asana’s ability to generate or use cash. There are a number of limitations related to the use of adjusted free cash flow as compared to net cash from operating activities, including that adjusted free cash flow excludes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made. Definitions of Business Metrics Customers spending $5,000 or more on an annualized basis, or Core customers We define customers spending $5,000 or more, which we also refer to as Core customers, as those organizations on a paid subscription plan that had $5,000 or more in annualized GAAP revenues in a given quarter, inclusive of discounts. Customers spending $100,000 or more on an annualized basis We define customers spending $100,000 or more as those organizations on a paid subscription plan that had $100,000 or more in annualized GAAP revenues in a given quarter, inclusive of discounts. Dollar-based net retention rate Asana’s reported dollar-based net retention rate equals the simple arithmetic average of its quarterly dollar-based net retention rate for the four quarters ending with the most recent fiscal quarter. Asana calculates its dollar-based net retention rate by comparing its revenues from the same set of customers in a given quarter, relative to the comparable prior-year period. To calculate Asana’s dollar-based net retention rate for a given quarter, Asana starts with the revenues in that quarter from customers that generated revenues in the same quarter of the prior year. Asana then divides that amount by the revenues attributable to that same group of customers in the prior-year quarter. Current period revenues include any upsells and are net of contraction or attrition over the trailing 12 months, but exclude revenues from new customers in the current period. Asana expects its dollar-based net retention rate to fluctuate in future periods due to a number of factors, including the expected growth of its revenue base, the level of penetration within its customer base, its ability to retain its customers, and the macroeconomic environment. About Asana Asana is the operating system for human-agent teams. Built on the Enterprise Work Graph and 18 years of multiplayer architecture, Asana is where an organization’s humans and agents run critical workflows together - from a shared plan, with shared memory, all under enterprise-grade governance. Learn more at asana.com. Disclosure of Material Information Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of Asana’s website at https://investors.asana.com. Asana uses these channels, as well as social media, including its X (formerly Twitter) account (@asana), its blog (blog.asana.com), its LinkedIn page (www.linkedin.com/company/asana), its Instagram account (@asana), its Facebook page (www.facebook.com/asana/), Threads profile (@asana) and TikTok account (@asana), to communicate with investors and the public about Asana, its products and services and other matters. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information. ASANA, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited)     Three Months Ended April 30,     2026       2025   Revenues $ 205,095     $ 187,267   Cost of revenues(1)   25,414       19,227   Gross profit   179,681       168,040   Operating expenses:       Research and development(1)   66,089       75,127   Sales and marketing(1)   92,464       99,841   General and administrative(1)   36,368       36,976   Total operating expenses   194,921       211,944   Loss from operations   (15,240 )     (43,904 ) Interest income and other income (expense), net   2,903       5,830   Interest expense   (649 )     (791 ) Loss before provision for income taxes   (12,986 )     (38,865 ) Provision for income taxes   1,419       1,153   Net loss $ (14,405 )   $ (40,018 ) Net loss per share:       Basic and diluted $ (0.06 )   $ (0.17 ) Weighted-average shares used in calculating net loss per share:       Basic and diluted   238,164       234,859     (1) Amounts include stock-based compensation expense as follows:     Three Months Ended April 30,     2026     2025 Cost of revenues $ 504   $ 344 Research and development   18,068     24,364 Sales and marketing   8,739     14,823 General and administrative   9,011     8,636 Total stock-based compensation expense $ 36,322   $ 48,167   ASANA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited)     April 30, 2026   January 31, 2026 Assets       Current assets       Cash and cash equivalents $ 193,656     $ 199,835   Marketable securities   230,984       234,210   Restricted cash   696       418   Accounts receivable, net   73,483       110,312   Prepaid expenses and other current assets   51,664       48,573   Total current assets   550,483       593,348   Property and equipment, net   88,911       88,313   Operating lease right-of-use assets   136,236       133,422   Other assets   29,882       29,005   Total assets $ 805,512     $ 844,088   Liabilities and Stockholders’ Equity       Current liabilities       Accounts payable $ 25,155     $ 18,822   Accrued expenses and other current liabilities   105,559       123,716   Deferred revenue, current   322,931       333,636   Operating lease liabilities, current   25,999       24,846   Total current liabilities   479,644       501,020   Deferred revenue, noncurrent   187       220   Operating lease liabilities, noncurrent   183,944       183,749   Other liabilities   4,755       4,982   Total liabilities   668,530       689,971   Stockholders' equity       Common stock   2       2   Additional paid-in capital   2,343,418       2,299,616   Accumulated other comprehensive income   2,658       4,205   Accumulated deficit   (2,209,096 )     (2,149,706 ) Total stockholders’ equity   136,982       154,117   Total liabilities and stockholders’ equity $ 805,512     $ 844,088     ASANA, INC. SUMMARY OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)     Three Months Ended April 30,     2026       2025   Cash flows from operating activities       Net loss $ (14,405 )   $ (40,018 ) Adjustments to reconcile net loss to net cash provided by operating activities:       Allowance for expected credit losses   493       1,027   Depreciation and amortization   6,052       4,963   Amortization of deferred contract acquisition costs   6,836       6,691   Stock-based compensation expense   36,322       48,167   Net accretion of discount on marketable securities   (255 )     (736 ) Non-cash lease expense   4,910       4,540   Amortization of discount on revolving credit facility and term loan issuance costs   30       30   Changes in operating assets and liabilities:       Accounts receivable   36,462       18,738   Prepaid expenses and other current assets   (10,055 )     (8,846 ) Other assets   (944 )     (714 ) Accounts payable   7,354       (1,724 ) Accrued expenses and other liabilities   (15,464 )     (7,442 ) Deferred revenue   (10,738 )     (12,512 ) Operating lease liabilities   (6,354 )     (5,400 ) Net cash provided by operating activities   40,244       6,764   Cash flows from investing activities       Purchases of marketable securities   (50,043 )     (34,055 ) Maturities of marketable securities   52,515       41,000   Purchases of property and equipment   (2,808 )     (638 ) Capitalized internal-use software costs   (3,086 )     (2,131 ) Net cash (used in) provided by investing activities   (3,422 )     4,176   Cash flows from financing activities       Repayment of term loan   (2,500 )     —   Repurchases of common stock   (44,985 )     (14,526 ) Proceeds from exercise of stock options   686       1,257   Proceeds from employee stock purchase plan   4,874       7,746   Net cash used in financing activities   (41,925 )     (5,523 ) Effect of foreign exchange rates on cash, cash equivalents, and restricted cash   (798 )     3,799   Net (decrease) increase in cash, cash equivalents, and restricted cash   (5,901 )     9,216   Cash, cash equivalents, and restricted cash       Beginning of period   200,253       184,864   End of period $ 194,352     $ 194,080     ASANA, INC. Reconciliation of GAAP to Non-GAAP Data (in thousands, except percentages) (unaudited)     Three Months Ended April 30,     2026       2025   Reconciliation of gross profit and gross margin       GAAP gross profit $ 179,681     $ 168,040   Plus: stock-based compensation-related charges(1)   1,613       354   Non-GAAP gross profit $ 181,294     $ 168,394   GAAP gross margin   87.6 %     89.7 % Non-GAAP adjustments   0.8 %     0.2 % Non-GAAP gross margin   88.4 %     89.9 % Reconciliation of operating expenses       GAAP research and development $ 66,089     $ 75,127   Less: stock-based compensation-related charges(1)   (18,572 )     (25,322 ) Adjustment for: restructuring costs   —       (948 ) Non-GAAP research and development $ 47,517     $ 48,857   GAAP research and development as percentage of revenue   32.2 %     40.1 % Non-GAAP research and development as percentage of revenue   23.2 %     26.1 %         GAAP sales and marketing $ 92,464     $ 99,841   Less: stock-based compensation-related charges(1)   (8,949 )     (15,286 ) Adjustment for: restructuring costs   —       (831 ) Non-GAAP sales and marketing $ 83,515     $ 83,724   GAAP sales and marketing as percentage of revenue   45.1 %     53.3 % Non-GAAP sales and marketing as percentage of revenue   40.7 %     44.7 %         GAAP general and administrative $ 36,368     $ 36,976   Less: stock-based compensation-related charges(1)   (9,135 )     (8,862 ) Adjustment for: restructuring costs   —       (438 ) Less: acquisition-related costs   (547 )     —   Non-GAAP general and administrative $ 26,686     $ 27,676   GAAP general and administrative as percentage of revenue   17.7 %     19.7 % Non-GAAP general and administrative as percentage of revenue   13.0 %     14.8 % Reconciliation of operating loss and operating margin       GAAP loss from operations $ (15,240 )   $ (43,904 ) Plus: stock-based compensation-related charges(1)   38,269       49,824   Adjustment for: restructuring costs   —       2,217   Plus: acquisition-related costs   547       —   Non-GAAP income from operations $ 23,576     $ 8,137   GAAP operating margin   (7.4 )%     (23.4 )% Non-GAAP adjustments   18.9 %     27.7 % Non-GAAP operating margin   11.5 %     4.3 %   ASANA, INC. Reconciliation of GAAP to Non-GAAP Data (in thousands, except percentages and per share data) (unaudited)     Three Months Ended April 30,     2026       2025   Reconciliation of net income (loss)       GAAP net loss $ (14,405 )   $ (40,018 ) Plus: stock-based compensation-related charges(1)   38,269       49,824   Adjustment for: restructuring costs   —       2,217   Plus: acquisition-related costs   547       —   Non-GAAP net income $ 24,411     $ 12,023   Reconciliation of net income (loss) per share       GAAP net loss per share, basic $ (0.06 )   $ (0.17 ) Non-GAAP adjustments to net loss   0.16       0.22   Non-GAAP net income per share, basic $ 0.10     $ 0.05   Weighted-average shares used in GAAP per share calculation, basic and diluted and non-GAAP per share calculation, basic   238,164       234,859           GAAP net loss per share, diluted $ (0.06 )   $ (0.17 ) Non-GAAP adjustments to net loss   0.16       0.22   Non-GAAP net income per share, diluted $ 0.10     $ 0.05   Weighted-average shares used in non-GAAP per share calculation, diluted   240,352       242,251     (1) Stock-based compensation-related charges include related payroll tax associated with RSUs and amortization of stock-based compensation capitalized in internal-use software. We began excluding amortization of stock-based compensation capitalized in internal-use software from our non-GAAP measures starting in the quarter ended April 30, 2026 and have presented the change prospectively as prior period amounts were immaterial. The amounts of amortization of stock-based compensation capitalized in internal-use software was $1.1 million for the three months ended April 30, 2026 and was $0.6 million for the three months ended April 30. 2025. This change has no impact on our GAAP financial results.   Three Months Ended April 30,     2026       2025   Computation of free cash flow and adjusted free cash flow       Net cash (used in) provided by investing activities $ (3,422 )   $ 4,176   Net cash used in financing activities $ (41,925 )   $ (5,523 ) Net cash provided by operating activities $ 40,244     $ 6,764   Less: purchases of property and equipment   (2,808 )     (638 ) Less: capitalized internal-use software costs   (3,086 )     (2,131 ) Free cash flow $ 34,350     $ 3,995   Plus: restructuring costs paid   —       5,887   Adjusted free cash flow $ 34,350     $ 9,882     Three Months Ended April 30,     2026       2025   Computation of revenue adjusted for impact of foreign currency       GAAP revenue $ 205,095     $ 187,267 Adjustment for: impact of foreign currency   (1,395 )     363 Revenue adjusted for impact of foreign currency $ 203,700     $ 187,630   View source version on businesswire.com: https://www.businesswire.com/news/home/20260527579521/en/ Eva Leung
Asana Investor Relations
ir@asana.com Frances Ward
Asana Communications
press@asana.com Original: Asana Announces First Quarter Fiscal 2027 Results

Asana to Announce First Quarter Fiscal Year 2027 Financial Results on Thursday, May 28, 2026May 1, 2026 4:05 PM
Business Wire
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the system of action for work where humans and AI collaborate, announced today that it will release financial results for the first quarter fiscal year 2027 on Thursday, May 28, after the close of the U.S. markets.


In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results.


The live webcast and replay will be available on the Asana Investor Relations website at https://investors.asana.com.


About Asana


Asana is the system of action for work, where humans and AI collaborate to help individuals work smarter, teams move faster, and organizations deliver results. Powered by the Work Graph® data model, Asana provides the context and governance that enables AI to operate inside real workflows across teams, processes, and systems. More than 180,000 organizations are building the Agentic Enterprise with Asana—including Accenture, Amazon, Anthropic, and Suzuki—connecting strategy to execution and delivering complex work at scale. Learn more at asana.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260501485204/en/
Eva Leung

Asana Investor Relations

IR@asana.com


Frances Ward

Asana Communications

Press@asana.com


Original: Asana to Announce First Quarter Fiscal Year 2027 Financial Results on Thursday, May 28, 2026

Asana to Appoint Aziz Megji to the Role of Chief Financial OfficerMarch 2, 2026 4:06 PM
Business Wire
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the system of action where humans and AI run work together, will promote Aziz Megji to the role of Chief Financial Officer (CFO), effective March 24, 2026. Megji will succeed Sonalee Parekh, who has served as Asana’s CFO since 2024 and tendered her resignation effective March 23, 2026.


Megji brings his experience from his Head of Financial Planning & Analysis role where he led the company’s annual planning, budgeting, forecasting, and performance management processes, as well as overseeing the strategic finance, treasury, investor relations, corporate development, deal desk, and sales compensation functions. He partners closely with Asana’s CEO and Board on long-range planning, capital allocation, go-to-market strategy, and driving key growth initiatives. Prior to joining Asana in 2024, Megji held senior finance leadership roles at RingCentral, NVIDIA, and Hewlett Packard Enterprise.


“I’ve gotten to know Aziz well during my time at Asana, and he has proven himself to be a trusted partner and strong strategic leader,” said Dan Rogers, Chief Executive Officer of Asana. “He’s played a key role in shaping our financial strategy and strengthening our go-to-market execution as we’ve evolved into a multi-product company. Aziz is the right leader to serve as our next CFO, and I’m confident he will help drive our next chapter of growth in the Agentic Enterprise. I also want to thank Sonalee for her many contributions to Asana and her partnership. We wish her the very best in her next chapter.”


“I am honored to step into the CFO role at such an important time for Asana,” said Megji. “We have a strong foundation, meaningful opportunities ahead, and a clear strategy to drive sustainable growth and long-term shareholder value. I’m deeply grateful to Sonalee for her leadership, partnership, and mentorship, and for the impact she has had on Asana.”


Forward-Looking Statements


This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our CFO leadership transition, our strategy, our opportunities and our future operational and financial performance. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2025 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.


About Asana


Asana is the system of action where humans and AI run work together so individuals work smarter, teams move faster, and organizations deliver results. Powered by the Work Graph® data model, Asana provides the context and governance that enables AI to operate inside real workflows across teams, processes, and systems. More than 180,000 organizations are building the Agentic Enterprise with Asana—including Accenture, Amazon, Anthropic, and Suzuki—connecting strategy to execution and delivering complex work at scale. Learn more at asana.com.


Disclosure of Material Information


Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of Asana’s website at https://investors.asana.com. Asana uses these channels, as well as social media, including its X (formerly Twitter) account (@asana), its blog (blog.asana.com), its LinkedIn page (www.linkedin.com/company/asana), its Instagram account (@asana), its Facebook page (www.facebook.com/asana/), Threads profile (@asana) and TikTok account (@asana), to communicate with investors and the public about Asana, its products and services and other matters. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302178936/en/
Eva Leung

Asana Investor Relations

ir@asana.com


Frances Ward

Asana Corporate Communications

press@asana.com


Original: Asana to Appoint Aziz Megji to the Role of Chief Financial Officer

Asana Announces Fourth Quarter and Fiscal Year 2026 ResultsMarch 2, 2026 4:05 PM
Business Wire
Delivered Q4 revenue of $205.6 million, up 9% year over year

Expanded Q4 GAAP operating margin by over 17 percentage points and non-GAAP operating margin by 10 percentage points

Grew Q4 operating cash flow by 74% and adjusted free cash flow by 108% year over year

Board authorized an additional $160M for share repurchases, bringing total authorization available to approximately $200M


Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), the system of action where humans and AI run work together, today reported financial results for its fourth quarter and fiscal year ended January 31, 2026.


“FY26 was a year of meaningful progress as we advanced Asana into a multi-product platform and strengthened our position as the foundational system of action layer for the Agentic Enterprise,” said Dan Rogers, Chief Executive Officer of Asana. “We exited Q4 with improving enterprise productivity, strong renewal performance, and rapid adoption of AI Studio. The expected launch of AI Teammates later this quarter marks the next phase of our AI platform, embedding agents directly into the coordinated flow of work. Our Work Graph, task-based system of action, and enterprise governance provide the persistent memory and accountability required to move agents from experimentation to trusted execution at scale.”


“In Q4, we delivered a 9 percent non-GAAP operating margin, representing a 10 percentage point improvement year-over-year, driven by continued productivity and efficiency gains across the organization, and saw continued improvement in NRR driven by strong retention among our largest customers and improving underlying usage trends,” said Sonalee Parekh, Chief Financial Officer of Asana. “Our strong foundation, combined with continued investment in our AI platform and other growth initiatives position us to drive durable, profitable growth and sustained margin expansion as we scale into the emerging Agentic Enterprise opportunity.”


Fourth Quarter Fiscal 2026 Financial Highlights



Revenues: Revenues were $205.6 million, an increase of 9% year over year.



Operating Income/Loss: GAAP operating loss was $34.0 million, or 17% of revenues, compared to GAAP operating loss of $63.6 million, or 34% of revenues, in the fourth quarter of fiscal 2025. Non-GAAP operating income was $18.2 million, or 9% of revenues, compared to non-GAAP operating loss of $1.7 million, or 1% of revenues, in the fourth quarter of fiscal 2025.



Net Income/Loss: GAAP net loss was $32.2 million, compared to GAAP net loss of $62.3 million in the fourth quarter of fiscal 2025. GAAP net loss per share was $0.14, compared to GAAP net loss per share of $0.27 in the fourth quarter of fiscal 2025. Non-GAAP net income was $19.9 million, compared to non-GAAP net loss of $0.4 million in the fourth quarter of fiscal 2025. Non-GAAP diluted net income per share was $0.08, compared to non-GAAP net loss per share of $0.00 in the fourth quarter of fiscal 2025.



Cash Flow: Cash flows from operating activities were $27.6 million, compared to $15.9 million in the fourth quarter of fiscal 2025. Adjusted free cash flow was $25.7 million, compared to $12.3 million in the fourth quarter of fiscal 2025.



Fiscal 2026 Financial Highlights



Revenues: Revenues were $790.8 million, an increase of 9% year over year.



Operating Income/Loss: GAAP operating loss was $197.3 million, or 25% of revenues, compared to GAAP operating loss of $266.7 million, or 37% of revenues, in fiscal 2025. Non-GAAP operating income was $56.7 million, or 7% of revenues, compared to non-GAAP operating loss of $40.8 million, or 6% of revenues, in fiscal 2025.



Net Income/Loss: GAAP net loss was $189.0 million, compared to GAAP net loss of $255.5 million in fiscal 2025. GAAP net loss per share was $0.80, compared to GAAP net loss per share of $1.11 in fiscal 2025. Non-GAAP net income was $65.0 million, compared to non-GAAP net loss of $29.6 million in fiscal 2025. Non-GAAP diluted net income per share was $0.27, compared to non-GAAP net loss per share of $0.13 in fiscal 2025.



Cash Flow: Cash flows from operating activities were $90.4 million, compared to $14.9 million in fiscal 2025. Adjusted free cash flow was $84.5 million, compared to $2.6 million in fiscal 2025.



Business Highlights



The number of Core customers, or customers spending $5,000 or more on an annualized basis, grew to 25,928 in Q4, an increase of 8% year over year. Revenues from Core customers in Q4 grew 10% year over year.



The number of customers spending $100,000 or more on an annualized basis in Q4 grew to 817, an increase of 13% year over year.



Overall dollar-based net retention rate in Q4 was 96%.



Dollar-based net retention rate for Core customers in Q4 was 97%.



Dollar-based net retention rate for customers spending $100,000 or more on an annualized basis in Q4 was 96%.



Announced Asana Gov, a FedRAMP-in-process platform that helps government agencies, regulated industries, and public sector partners manage complex programs, meet compliance standards, and collaborate securely.



Appointed Prachi Gore as Chief Marketing Officer to execute on a marketing vision that positions Asana as a leader in the agentic enterprise.



Expanded Asana integrations across multiple major AI platforms. This includes the Asana app in Claude which enables teams to turn brainstorms and conversations into structured work in Asana, complete with projects, portfolios, tasks, and owners.



Introduced timesheets and budgets add-ons for teams to easily track time, manage costs, and allocate resources to ensure projects stay on track.



Named as one of the fastest-growing technology companies in North America by the Deloitte 2025 Technology Fast 500™ list.



Additional Highlights



Our Board of Directors increased our share repurchase authorization by $160 million. Asana has close to $200 million available for future repurchases under the program.



Appointed Kevin Knieriem as Chief Revenue Officer to lead global revenue operations, bringing a proven track record of scaling enterprise SaaS businesses and aligning product-led and sales-led growth strategies.



Financial Outlook


For the first quarter of fiscal 2027, Asana expects:



Revenues of $202.5 million to $204.5 million, representing year over year growth of 8.1% to 9.2%.



Non-GAAP operating profit of $15 million to $17 million, with 7.4% to 8.3% non-GAAP operating margin.



Non-GAAP net income per share of $0.07 to $0.08, assuming diluted weighted average shares outstanding of approximately 241 million.



For fiscal 2027, Asana expects:



Revenues of $850 million to $858 million, representing year over year growth of 7.5% to 8.5%.



Non-GAAP operating margin of at least 9.5%.



Non-GAAP net income per share of $0.36 to $0.37, assuming diluted weighted average shares outstanding of approximately 243 million.



These statements are forward-looking and actual results may materially differ. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause Asana’s actual results to materially differ from these forward-looking statements.


A reconciliation of non-GAAP outlook measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of these costs and expenses that may be incurred in the future. Asana has provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for its fourth quarter and fiscal year 2026 non-GAAP results included in this press release.


Earnings Conference Call Information


Asana will hold a conference call and live webcast today to discuss these results at 1:30 p.m. Pacific Time. A live webcast and replay will be available on the Asana Investor Relations webpage at: https://investors.asana.com.


Forward-Looking Statements


This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our market opportunity, the potential and impact of AI, the expected benefits of AI Studio, including our expectations regarding revenue to be generated by AI Studio, our ability to execute on our current strategies, our technology and brand position, expectations regarding product launches and capabilities, our anticipated performance of new personnel, Asana’s outlook for the fiscal quarter ending April 30, 2026 and the full fiscal year ending January 31, 2027, Asana’s outlook for the expected benefits of our offerings, and our market position. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2025 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.


Use of Non-GAAP Financial Measures


To supplement Asana’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Asana utilizes certain non-GAAP financial measures to assist in understanding and evaluating its core operating performance. In this release, Asana’s non-GAAP gross margin, operating income, operating income as a percentage of revenue, operating margin, net income, basic and diluted net income per share, adjusted free cash flow, and revenues adjusted for the impact of foreign currency are not presented in accordance with GAAP and are not intended to be used in lieu of GAAP presentations of results of operations. These non-GAAP financial measures, which may be different from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of Asana’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures which can be found in the accompanying financial statements included with this press release.


Asana is presenting these non-GAAP financial measures because it believes that these non-GAAP financial measures provide useful information about its financial performance, enhance the overall understanding of Asana’s past performance and future prospects, facilitate period-to-period comparisons of operations against other companies in Asana’s industry, and allow for greater transparency with respect to important metrics used by Asana’s management for financial and operational decision-making.


Asana believes the following adjustments and exclusions from its non-GAAP financial measures are useful to investors and others in assessing Asana’s operating performance due to the following factors:



Stock-based compensation expenses. Although stock-based compensation is an important aspect of the compensation of our employees and executives, management believes it is useful to exclude stock-based compensation expenses to better understand the long-term performance of Asana’s core business and to facilitate comparison of its results to those of peer companies.



Employer payroll tax associated with RSUs. The amount of employer payroll tax-related items on employee stock transactions is dependent on Asana’s stock price and other factors that are beyond its control and that do not correlate to the operation of the business.



Non-cash expenses. Non-cash expenses include charges for impairment of long-lived assets. We believe the exclusion of certain non-cash items provides useful supplemental information to investors and facilitates the analysis of its operating results and comparison of operating results across reporting periods.



Restructuring related costs (benefits). These charges are associated with the re-alignment of our organization to meet business needs, top strategic priorities, and key growth opportunities. We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business, to facilitate comparison of our results to those of peer companies, and to facilitate comparison over multiple periods.



Revenues adjusted for the impact of foreign currency. Calculated by applying the comparative prior period average exchange rates to revenue recognized on invoices billed in currencies other than United States dollars in the current period. Asana provides revenues adjusted for the impact of foreign exchange rates as a framework for assessing how our underlying business performed from period to period, excluding the effects of foreign currency fluctuations. The growth rates for revenues adjusted for the impact of foreign currency are calculated by comparing the revenues adjusted for the impact of foreign currency in the current period to the GAAP revenue from the comparable prior period.



There are a number of limitations related to the use of non-GAAP financial measures as compared to GAAP financial measures, including that the non-GAAP financial measures exclude stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in Asana’s business and an important part of its compensation strategy.


In addition to the non-GAAP financial measures outlined above, Asana also uses the non-GAAP financial measure of adjusted free cash flow, which is defined as free cash flow plus costs paid related to restructuring. Asana believes adjusted free cash flow is an important liquidity measure of the cash that is available, after capital expenditures and operational expenses, for investment in its business and to make acquisitions. Asana believes that adjusted free cash flow is useful to investors as a liquidity measure because it measures Asana’s ability to generate or use cash. There are a number of limitations related to the use of adjusted free cash flow as compared to net cash from operating activities, including that adjusted free cash flow excludes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made.


Definitions of Business Metrics


Customers spending $5,000 or more on an annualized basis, or Core customers


We define customers spending $5,000 or more, which we also refer to as Core customers, as those organizations on a paid subscription plan that had $5,000 or more in annualized GAAP revenues in a given quarter, inclusive of discounts.


Customers spending $100,000 or more on an annualized basis


We define customers spending $100,000 or more as those organizations on a paid subscription plan that had $100,000 or more in annualized GAAP revenues in a given quarter, inclusive of discounts.


Dollar-based net retention rate


Asana’s reported dollar-based net retention rate equals the simple arithmetic average of its quarterly dollar-based net retention rate for the four quarters ending with the most recent fiscal quarter. Asana calculates its dollar-based net retention rate by comparing its revenues from the same set of customers in a given quarter, relative to the comparable prior-year period. To calculate Asana’s dollar-based net retention rate for a given quarter, Asana starts with the revenues in that quarter from customers that generated revenues in the same quarter of the prior year. Asana then divides that amount by the revenues attributable to that same group of customers in the prior-year quarter. Current period revenues include any upsells and are net of contraction or attrition over the trailing 12 months, but exclude revenues from new customers in the current period. Asana expects its dollar-based net retention rate to fluctuate in future periods due to a number of factors, including the expected growth of its revenue base, the level of penetration within its customer base, its ability to retain its customers, and the macroeconomic environment.


About Asana


Asana is the system of action where humans and AI run work together so individuals work smarter, teams move faster, and organizations deliver results. Powered by the Work Graph® data model, Asana provides the context and governance that enables AI to operate inside real workflows across teams, processes, and systems. More than 180,000 organizations are building the Agentic Enterprise with Asana—including Accenture, Amazon, Anthropic, and Suzuki—connecting strategy to execution and delivering complex work at scale. Learn more at www.asana.com.


Disclosure of Material Information


Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of Asana’s website at https://investors.asana.com. Asana uses these channels, as well as social media, including its X (formerly Twitter) account (@asana), its blog (blog.asana.com), its LinkedIn page (www.linkedin.com/company/asana), its Instagram account (@asana), its Facebook page (www.facebook.com/asana/), Threads profile (@asana) and TikTok account (@asana), to communicate with investors and the public about Asana, its products and services and other matters. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information.




ASANA, INC.








CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS








(in thousands, except per share data)








(unaudited)








 






 






 






 






 








 






 






Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 






 






2026






 






2025






 






2026






 






2025








Revenues







$






205,570






 






 






$






188,334






 






 






$






790,806






 






 






$






723,876






 








Cost of revenues(1)







 






25,004






 






 






 






19,604






 






 






 






86,759






 






 






 






77,193






 








Gross profit







 






180,566






 






 






 






168,730






 






 






 






704,047






 






 






 






646,683






 








Operating expenses:







 






 






 






 






 






 






 








Research and development(1)







 






73,180






 






 






 






84,239






 






 






 






301,496






 






 






 






341,467






 








Sales and marketing(1)







 






100,191






 






 






 






102,261






 






 






 






406,952






 






 






 






419,950






 








General and administrative(1)







 






41,180






 






 






 






45,819






 






 






 






192,930






 






 






 






152,001






 








Total operating expenses







 






214,551






 






 






 






232,319






 






 






 






901,378






 






 






 






913,418






 








Loss from operations







 






(33,985






)






 






 






(63,589






)






 






 






(197,331






)






 






 






(266,735






)








Interest income and other income (expense), net







 






3,566






 






 






 






3,578






 






 






 






16,312






 






 






 






19,647






 








Interest expense







 






(793






)






 






 






(852






)






 






 






(3,148






)






 






 






(3,683






)








Loss before provision for income taxes







 






(31,212






)






 






 






(60,863






)






 






 






(184,167






)






 






 






(250,771






)








Provision for income taxes







 






1,001






 






 






 






1,436






 






 






 






4,857






 






 






 






4,765






 








Net loss







$






(32,213






)






 






$






(62,299






)






 






$






(189,024






)






 






$






(255,536






)








Net loss per share:







 






 






 






 






 






 






 








Basic and diluted







$






(0.14






)






 






$






(0.27






)






 






$






(0.80






)






 






$






(1.11






)








Weighted-average shares used in calculating net loss per share:







 






 






 






 






 






 






 








Basic and diluted







 






238,355






 






 






 






231,380






 






 






 






236,823






 






 






 






229,472






 








____________________



(1) Amounts include stock-based compensation expense as follows:











 



 







Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 







2026






 






2025






 






2026






 






2025








Cost of revenues







$






523






 






 






$






357






 






 






$






1,803






 






 






$






1,387






 








Research and development







 






24,724






 






 






 






27,081






 






 






 






106,174






 






 






 






115,953






 








Sales and marketing







 






11,606






 






 






 






15,986






 






 






 






58,089






 






 






 






64,320






 








General and administrative







 






12,923






 






 






 






7,145






 






 






 






48,777






 






 






 






29,611






 








Total stock-based compensation expense







$






49,776






 






 






$






50,569






 






 






$






214,843






 






 






$






211,271






 























 




ASANA, INC.








CONDENSED CONSOLIDATED BALANCE SHEETS








(in thousands)








(unaudited)








 






 






 






 






 








 






 






January 31, 2026






 






January 31, 2025








Assets







 






 






 








Current assets







 






 






 








Cash and cash equivalents







$






199,835






 






 






$






184,728






 








Marketable securities







 






234,210






 






 






 






282,156






 








Restricted cash







 






418






 






 






 






136






 








Accounts receivable, net







 






110,312






 






 






 






87,567






 








Prepaid expenses and other current assets







 






48,573






 






 






 






46,154






 








Total current assets







 






593,348






 






 






 






600,741






 








Property and equipment, net







 






88,313






 






 






 






95,836






 








Operating lease right-of-use assets







 






133,422






 






 






 






166,545






 








Other assets







 






29,005






 






 






 






28,293






 








Total assets







$






844,088






 






 






$






891,415






 








Liabilities and Stockholders’ Equity







 






 






 








Current liabilities







 






 






 








Accounts payable







$






18,822






 






 






$






9,922






 








Accrued expenses and other current liabilities







 






123,716






 






 






 






83,031






 








Deferred revenue, current







 






333,636






 






 






 






300,798






 








Operating lease liabilities, current







 






24,846






 






 






 






22,066






 








Total current liabilities







 






501,020






 






 






 






415,817






 








Term loan, net







 






—






 






 






 






39,291






 








Deferred revenue, noncurrent







 






220






 






 






 






2,005






 








Operating lease liabilities, noncurrent







 






183,749






 






 






 






201,733






 








Other liabilities







 






4,982






 






 






 






5,046






 








Total liabilities







 






689,971






 






 






 






663,892






 








Stockholders' equity







 






 






 








Common stock







 






2






 






 






 






2






 








Additional paid-in capital







 






2,299,616






 






 






 






2,059,848






 








Accumulated other comprehensive income (loss)







 






4,205






 






 






 






(3,851






)








Accumulated deficit







 






(2,149,706






)






 






 






(1,828,476






)








Total stockholders’ equity







 






154,117






 






 






 






227,523






 








Total liabilities and stockholders’ equity







$






844,088






 






 






$






891,415






 















 




ASANA, INC.








SUMMARY OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS








(in thousands)








(unaudited)








 






 






 






 






 








 






 






Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 






 






2026






 






2025






 






2026






 






2025








Cash flows from operating activities







 






 






 






 






 






 






 








Net loss







$






(32,213






)






 






$






(62,299






)






 






$






(189,024






)






 






$






(255,536






)








Adjustments to reconcile net loss to net cash provided by operating activities:







 






 






 






 






 






 






 








Allowance for expected credit losses







 






276






 






 






 






2,165






 






 






 






1,868






 






 






 






3,190






 








Depreciation and amortization







 






6,119






 






 






 






4,813






 






 






 






22,037






 






 






 






17,543






 








Amortization of deferred contract acquisition costs







 






7,044






 






 






 






6,718






 






 






 






27,849






 






 






 






25,907






 








Stock-based compensation expense







 






49,776






 






 






 






50,569






 






 






 






214,843






 






 






 






211,271






 








Net accretion of discount on marketable securities







 






(412






)






 






 






(864






)






 






 






(2,129






)






 






 






(5,510






)








Non-cash lease expense







 






4,577






 






 






 






4,439






 






 






 






18,265






 






 






 






17,967






 








Impairment of long-lived assets







 






—






 






 






 






6,785






 






 






 






30,716






 






 






 






6,785






 








Amortization of discount on revolving credit facility and term loan issuance costs







 






31






 






 






 






31






 






 






 






122






 






 






 






122






 








Changes in operating assets and liabilities:







 






 






 






 






 






 






 








Accounts receivable







 






(37,848






)






 






 






(25,271






)






 






 






(23,472






)






 






 






(4,661






)








Prepaid expenses and other current assets







 






(4,112






)






 






 






(4,575






)






 






 






(28,823






)






 






 






(20,427






)








Other assets







 






(1,192






)






 






 






194






 






 






 






(631






)






 






 






(4,400






)








Accounts payable







 






4,708






 






 






 






(167






)






 






 






7,317






 






 






 






4,443






 








Accrued expenses and other liabilities







 






8,244






 






 






 






18,012






 






 






 






3,408






 






 






 






6,604






 








Deferred revenue







 






28,727






 






 






 






20,661






 






 






 






31,053






 






 






 






31,581






 








Operating lease liabilities







 






(6,135






)






 






 






(5,356






)






 






 






(23,038






)






 






 






(19,954






)








Net cash provided by operating activities







 






27,590






 






 






 






15,855






 






 






 






90,361






 






 






 






14,925






 








Cash flows from investing activities







 






 






 






 






 






 






 








Purchases of marketable securities







 






(18,078






)






 






 






(67,820






)






 






 






(179,155






)






 






 






(234,448






)








Sales of marketable securities







 






23,436






 






 






 






—






 






 






 






23,436






 






 






 






—






 








Maturities of marketable securities







 






40,688






 






 






 






44,996






 






 






 






206,264






 






 






 






240,601






 








Purchases of property and equipment







 






(1,188






)






 






 






(1,505






)






 






 






(3,792






)






 






 






(5,569






)








Capitalized internal-use software costs







 






(2,226






)






 






 






(2,011






)






 






 






(9,587






)






 






 






(6,713






)








Net cash provided by (used in) investing activities







 






42,632






 






 






 






(26,340






)






 






 






37,166






 






 






 






(6,129






)








Cash flows from financing activities







 






 






 






 






 






 






 








Repayment of term loan







 






—






 






 






 






(625






)






 






 






(3,750






)






 






 






(2,500






)








Repurchases of common stock







 






(58,023






)






 






 






(4,485






)






 






 






(132,206






)






 






 






(78,354






)








Proceeds from exercise of stock options







 






2,186






 






 






 






5,217






 






 






 






5,021






 






 






 






9,101






 








Proceeds from employee stock purchase plan







 






—






 






 






 






—






 






 






 






13,012






 






 






 






13,665






 








Taxes paid related to net share settlement of equity awards







 






—






 






 






 






—






 






 






 






—






 






 






 






(5






)








Net cash (used in) provided by financing activities







 






(55,837






)






 






 






107






 






 






 






(117,923






)






 






 






(58,093






)








Effect of foreign exchange rates on cash, cash equivalents, and restricted cash







 






1,990






 






 






 






(1,846






)






 






 






5,785






 






 






 






(2,502






)








Net increase (decrease) in cash, cash equivalents, and restricted cash







 






16,375






 






 






 






(12,224






)






 






 






15,389






 






 






 






(51,799






)








Cash, cash equivalents, and restricted cash







 






 






 






 






 






 






 








Beginning of period







 






183,878






 






 






 






197,088






 






 






 






184,864






 






 






 






236,663






 








End of period







$






200,253






 






 






$






184,864






 






 






$






200,253






 






 






$






184,864






 























 




ASANA, INC.








Reconciliation of GAAP to Non-GAAP Data








(in thousands, except percentages)








(unaudited)








 






 






 






 






 








 






 






Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 






 






2026






 






2025






 






2026






 






2025








Reconciliation of gross profit and gross margin







 






 






 






 






 






 






 








GAAP gross profit







$






180,566






 






 






$






168,730






 






 






$






704,047






 






 






$






646,683






 








Plus: stock-based compensation and related employer payroll tax associated with RSUs







 






531






 






 






 






363






 






 






 






1,849






 






 






 






1,415






 








Non-GAAP gross profit







$






181,097






 






 






$






169,093






 






 






$






705,896






 






 






$






648,098






 








GAAP gross margin







 






87.8






%






 






 






89.6






%






 






 






89.0






%






 






 






89.3






%








Non-GAAP adjustments







 






0.3






%






 






 






0.2






%






 






 






0.3






%






 






 






0.2






%








Non-GAAP gross margin







 






88.1






%






 






 






89.8






%






 






 






89.3






%






 






 






89.5






%








Reconciliation of operating expenses







 






 






 






 






 






 






 








GAAP research and development







$






73,180






 






 






$






84,239






 






 






$






301,496






 






 






$






341,467






 








Less: stock-based compensation and related employer payroll tax associated with RSUs







 






(25,260






)






 






 






(27,019






)






 






 






(108,831






)






 






 






(117,916






)








Adjustment for: restructuring costs







 






(182






)






 






 






(2,492






)






 






 






(1,130






)






 






 






(2,492






)








Non-GAAP research and development







$






47,738






 






 






$






54,728






 






 






$






191,535






 






 






$






221,059






 








GAAP research and development as percentage of revenue







 






35.6






%






 






 






44.7






%






 






 






38.1






%






 






 






47.2






%








Non-GAAP research and development as percentage of revenue







 






23.2






%






 






 






29.1






%






 






 






24.2






%






 






 






30.5






%








 







 






 






 






 






 






 






 








GAAP sales and marketing







$






100,191






 






 






$






102,261






 






 






$






406,952






 






 






$






419,950






 








Less: stock-based compensation and related employer payroll tax associated with RSUs







 






(11,799






)






 






 






(16,035






)






 






 






(59,354






)






 






 






(65,269






)








Adjustment for: restructuring costs







 






(331






)






 






 






(1,241






)






 






 






(1,162






)






 






 






(1,241






)








Non-GAAP sales and marketing







$






88,061






 






 






$






84,985






 






 






$






346,436






 






 






$






353,440






 








GAAP sales and marketing as percentage of revenue







 






48.7






%






 






 






54.3






%






 






 






51.5






%






 






 






58.0






%








Non-GAAP sales and marketing as percentage of revenue







 






42.8






%






 






 






45.1






%






 






 






43.8






%






 






 






48.8






%








 







 






 






 






 






 






 






 








GAAP general and administrative







$






41,180






 






 






$






45,819






 






 






$






192,930






 






 






$






152,001






 








Less: stock-based compensation and related employer payroll tax associated with RSUs







 






(13,217






)






 






 






(7,185






)






 






 






(49,669






)






 






 






(30,089






)








Less: impairment of long-lived assets







 






—






 






 






 






(6,785






)






 






 






(30,716






)






 






 






(6,785






)








Adjustment for: restructuring costs







 






(837






)






 






 






(741






)






 






 






(1,275






)






 






 






(741






)








Non-GAAP general and administrative







$






27,126






 






 






$






31,108






 






 






$






111,270






 






 






$






114,386






 








GAAP general and administrative as percentage of revenue







 






20.0






%






 






 






24.3






%






 






 






24.4






%






 






 






21.0






%








Non-GAAP general and administrative as percentage of revenue







 






13.2






%






 






 






16.5






%






 






 






14.1






%






 






 






15.8






%








Reconciliation of operating loss and operating margin







 






 






 






 






 






 






 








GAAP loss from operations







$






(33,985






)






 






$






(63,589






)






 






$






(197,331






)






 






$






(266,735






)








Plus: stock-based compensation and related employer payroll tax associated with RSUs







 






50,807






 






 






 






50,602






 






 






 






219,703






 






 






 






214,689






 








Plus: impairment of long-lived assets







 






—






 






 






 






6,785






 






 






 






30,716






 






 






 






6,785






 








Adjustment for: restructuring costs







 






1,350






 






 






 






4,474






 






 






 






3,567






 






 






 






4,474






 








Non-GAAP income (loss) from operations







$






18,172






 






 






$






(1,728






)






 






$






56,655






 






 






$






(40,787






)








GAAP operating margin







 






(16.5






)%






 






 






(33.8






)%






 






 






(25.0






)%






 






 






(36.8






)%








Non-GAAP adjustments







 






25.3






%






 






 






32.9






%






 






 






32.2






%






 






 






31.2






%








Non-GAAP operating margin







 






8.8






%






 






 






(0.9






)%






 






 






7.2






%






 






 






(5.6






)%























 




ASANA, INC.








Reconciliation of GAAP to Non-GAAP Data








(in thousands, except percentages and per share data)








(unaudited)








 






 






 






 






 








 






 






Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 






 






2026






 






2025






 






2026






 






2025








Reconciliation of net income (loss)







 






 






 






 






 






 






 








GAAP net loss







$






(32,213






)






 






$






(62,299






)






 






$






(189,024






)






 






$






(255,536






)








Plus: stock-based compensation and related employer payroll tax associated with RSUs







 






50,807






 






 






 






50,602






 






 






 






219,703






 






 






 






214,689






 








Plus: impairment of long-lived assets







 






—






 






 






 






6,785






 






 






 






30,716






 






 






 






6,785






 








Adjustment for: restructuring costs







 






1,350






 






 






 






4,474






 






 






 






3,567






 






 






 






4,474






 








Non-GAAP net income (loss)







$






19,944






 






 






$






(438






)






 






$






64,962






 






 






$






(29,588






)








Reconciliation of net income (loss) per share







 






 






 






 






 






 






 








GAAP net loss per share, basic







$






(0.14






)






 






$






(0.27






)






 






$






(0.80






)






 






$






(1.11






)








Non-GAAP adjustments to net loss







 






0.22






 






 






 






0.27






 






 






 






1.07






 






 






 






0.98






 








Non-GAAP net income (loss) per share, basic







$






0.08






 






 






$






—






 






 






$






0.27






 






 






$






(0.13






)








Weighted-average shares used in GAAP per share calculation, basic and diluted and non-GAAP per share calculation, basic







 






238,355






 






 






 






231,380






 






 






 






236,823






 






 






 






229,472






 








 







 






 






 






 






 






 






 








GAAP net loss per share, diluted







$






(0.14






)






 






$






(0.27






)






 






$






(0.80






)






 






$






(1.11






)








Non-GAAP adjustments to net loss







 






0.22






 






 






 






0.27






 






 






 






1.07






 






 






 






0.98






 








Non-GAAP net income (loss) per share, diluted







$






0.08






 






 






$






—






 






 






$






0.27






 






 






$






(0.13






)








Weighted-average shares used in non-GAAP per share calculation, diluted







 






242,613






 






 






 






231,380






 






 






 






242,575






 






 






 






229,472






 









 







Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 







2026






 






2025






 






2026






 






2025








Computation of free cash flow and adjusted free cash flow







 






 






 






 






 






 






 








Net cash provided by (used in) investing activities







$






42,632






 






 






$






(26,340






)






 






$






37,166






 






 






$






(6,129






)








Net cash (used in) provided by financing activities







$






(55,837






)






 






$






107






 






 






$






(117,923






)






 






$






(58,093






)








Net cash provided by operating activities







$






27,590






 






 






$






15,855






 






 






$






90,361






 






 






$






14,925






 








Less: purchases of property and equipment







 






(1,188






)






 






 






(1,505






)






 






 






(3,792






)






 






 






(5,569






)








Less: capitalized internal-use software costs







 






(2,226






)






 






 






(2,011






)






 






 






(9,587






)






 






 






(6,713






)








Free cash flow







$






24,176






 






 






$






12,339






 






 






$






76,982






 






 






$






2,643






 








Plus: restructuring costs paid







 






1,549






 






 






 






—






 






 






 






7,493






 






 






 






—






 








Adjusted free cash flow







$






25,725






 






 






$






12,339






 






 






$






84,475






 






 






$






2,643






 









 







Three Months Ended

January 31,






 






Twelve Months Ended

January 31,








 







2026






 






2025






 






2026






 






2025








Computation of revenue adjusted for impact of foreign currency







 






 






 






 






 






 






 








GAAP revenue







$






205,570






 






 






$






188,334






 






 






$






790,806






 






 






$






723,876






 








Adjustment for: impact of foreign currency







 






(1,571






)






 






 






735






 






 






 






(2,822






)






 






 






624






 








Revenue adjusted for impact of foreign currency







$






203,999






 






 






$






189,069






 






 






$






787,984






 






 






$






724,500






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260227619107/en/Eva Leung

Asana Investor Relations

ir@asana.com
Frances Ward

Asana Communications

press@asana.com
Original: Asana Announces Fourth Quarter and Fiscal Year 2026 Results