Asana Inc
F:A6N
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Asana Inc
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Asana Inc
Asana sells cloud software that helps teams plan, track, and coordinate work. Its main product is a work management platform where employees can assign tasks, set deadlines, follow project status, and connect everyday work to bigger company goals. Customers use it to replace spreadsheets, email threads, and scattered task lists with one shared system. The company makes money mainly by charging subscription fees for access to its software. Its customers are businesses of many sizes, but the core use case is team and company-wide work management for office workers, project managers, and department leaders. That makes Asana a business-to-business software company, not a consumer app. What sets Asana apart is that it sits in the middle of how knowledge work gets coordinated. It is not trying to be a full accounting system, a chat app, or a file storage tool. Instead, it helps organizations turn plans into visible tasks and workflows, which makes it useful for companies that need better alignment across departments and projects.
Asana sells cloud software that helps teams plan, track, and coordinate work. Its main product is a work management platform where employees can assign tasks, set deadlines, follow project status, and connect everyday work to bigger company goals. Customers use it to replace spreadsheets, email threads, and scattered task lists with one shared system.
The company makes money mainly by charging subscription fees for access to its software. Its customers are businesses of many sizes, but the core use case is team and company-wide work management for office workers, project managers, and department leaders. That makes Asana a business-to-business software company, not a consumer app.
What sets Asana apart is that it sits in the middle of how knowledge work gets coordinated. It is not trying to be a full accounting system, a chat app, or a file storage tool. Instead, it helps organizations turn plans into visible tasks and workflows, which makes it useful for companies that need better alignment across departments and projects.
Revenue beat: Asana reported Q1 revenue of $205.1 million, up 9.5% year over year and above the high end of guidance.
Margins improved: Non-GAAP operating margin reached 11.5%, up 720 basis points from a year ago, showing stronger operating discipline.
NRR recovered: In-quarter net retention improved for a fourth straight quarter to 97%, with broad-based strength in retention and expansion.
AI traction: Management said AI Studio and AI Teammates are driving stronger retention, seat expansion and bookings, with AI product bookings equal to 17% of net new ARR.
StackAI deal: Asana announced the acquisition of StackAI, saying it accelerates the roadmap by more than a year and extends its AI workflow capabilities across systems.
Guidance steady: Full-year FY '27 revenue guidance was raised to $855.5 million to $863.5 million, while full-year operating margin guidance was at least 9.75%.