Reported Q: Q1 2026 Rev YoY: +8.6% EPS YoY: +39.3% Move: 0.00%
Asana Inc
ASAN
$8.22 0.00%
Exchange NYSE Sector Technology Industry Software Application
Q1 2026
Published: Jun 3, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for ASAN

Reported

Report Date

Jun 3, 2025

Quarter Q1 2026

Revenue

187.27M

YoY: +8.6%

EPS

-0.17

YoY: +39.3%

Market Move

0.00%

Previous quarter: Q4 2025

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Earnings Highlights

  • Revenue of $187.27M up 8.6% year-over-year
  • EPS of $-0.17 increased by 39.3% from previous year
  • Gross margin of 89.7%
  • Net income of -40.02M
  • ""Q1 was a milestone quarter. We achieved non‑GAAP profitability for the first time and AI Studio reached general availability in Q1, surpassing $1 million in ARR, demonstrating powerful early momentum."" - Dustin Moskovitz
ASAN
Company ASAN

Executive Summary

Asana reported a transformative QQ1 2026, marked by the first non‑GAAP profitability in the company’s history and AI Studio reaching over $1 million in ARR. Revenue rose 9% YoY to $187.3 million, with non‑GAAP operating margin turning positive (4%) versus a prior operating loss and free cash flow margin improving to 5%. The results underscore the company’s leverage in AI‑driven workflows embedded in Asana, a robust enterprise and international growth trajectory, and visible long‑term profitability dynamics as AI Studio transitions from a product line to a growth engine. Management highlighted meaningful enterprise wins, accelerated AI adoption, and a differentiated approach to AI with human‑in‑the‑loop controls and deep work graph context, while also signaling near‑term NRR headwinds tied to a large multi‑year renewal and macro‑related downgrades. The guide for FY2026 reflects an improving but cautious macro backdrop, with revenue growth guided to 7–9% for the year and non‑GAAP operating margin raised to at least 5.5%, contingent on execution and macro stability. The company’s strategic bets center on expanding AI Studio adoption, growing the channel, and delivering price‑to‑value alignment through foundational service plans and tiered AI Studio offerings.

Key Performance Indicators

Revenue
Increasing
187.27M
QoQ: -0.57% | YoY: 8.59%
Gross Profit
Increasing
168.04M
89.73% margin
QoQ: -0.41% | YoY: 8.66%
Operating Income
Increasing
-43.90M
QoQ: 30.96% | YoY: 33.65%
Net Income
Increasing
-40.02M
QoQ: 35.76% | YoY: 37.20%
EPS
Increasing
-0.17
QoQ: 37.04% | YoY: 39.29%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 196.94 -0.20 +9.9% View
Q1 2026 187.27 -0.17 +8.6% View
Q4 2025 188.33 -0.27 +10.1% View
Q3 2025 183.88 -0.25 +10.4% View
Q2 2025 179.21 -0.31 +10.3% View