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Asana Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q1 2027
Call Date
May 28, 2026
AI Summary
Q1 2027

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%.

Key Financials
Revenue
$205.1 million
Non-GAAP operating margin
11.5%
Net retention rate
96%
Core customers
26,103
Customers spending $100,000 or more
817
Gross margin
88%
Net income
$24.4 million
Earnings per share
$0.10
Adjusted free cash flow
$34.4 million
Cash, cash equivalents and marketable securities
$424.6 million
Remaining performance obligations
$518.1 million
Current remaining performance obligations
18% year over year
Deferred revenue
$323.1 million
Stock repurchases
$45 million
StackAI upfront cash consideration
approximately $75 million
StackAI operating margin drag
approximately 1 percentage point
AI product bookings contribution to net new ARR
17%
Q2 revenue guidance
$213 million to $215 million
FY '27 revenue guidance
$855.5 million to $863.5 million
Q2 operating income guidance
$18 million to $20 million
Q2 EPS guidance
$0.08 to $0.09
FY '27 operating margin guidance
at least 9.75%
FY '27 EPS guidance
$0.37
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dustin A. Moskovitz
Co-Founder, President, CEO & Chair
No Bio Available
Mr. Justin Rosenstein
Co-Founder, Advisor & Director
No Bio Available
Ms. Anne Raimondi
COO & Head of Business
No Bio Available
Ms. Eleanor B. Lacey Esq.
General Counsel, Head of Legal & Corporate Secretary
No Bio Available
Ms. Krista Anderson-Copperman
Advisor & Director
No Bio Available
Ms. Sonalee Elizabeth Parekh
CFO and Head of Finance
No Bio Available
Ms. Catherine Buan
Head of Investor Relations
No Bio Available
Ms. Shannon Sullivan Duffy
Head of Marketing
No Bio Available
Ms. Anna Binder
Head of People Operations
No Bio Available
Mr. Prashant Pandey
Head of Engineering
No Bio Available

Contacts

Address
CALIFORNIA
San Francisco
633 Folsom Street, Suite 100
Contacts
+14155253888.0
asana.com
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