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.