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Asana Q1 Earnings Highlights

$ASAN (+1,95ย %)


๐Ÿ”น Revenue: $187.3M (Est. $185.5M) ๐ŸŸข; UP +8.6% YoY

๐Ÿ”น Adj EPS: $0.05 (Est. $0.02) ๐ŸŸข


Q2'26 Guidance

๐Ÿ”น Revenue: $192Mโ€“$194M (Est. $192.2M) ๐ŸŸข

๐Ÿ”น Adj EPS: $0.04โ€“$0.05 (Est. $0.04) ๐ŸŸข

๐Ÿ”น Non-GAAP Operating Income: $8Mโ€“$10M

๐Ÿ”น Operating Margin: 4%โ€“5%

๐Ÿ”น Weighted Avg Shares (Diluted): ~243M


FY26 Guidance

๐Ÿ”น Revenue: $775Mโ€“$790M (Est. $780.1M) ๐ŸŸข

๐Ÿ”น Adj EPS: $0.22 (Est. $0.19) ๐ŸŸข

๐Ÿ”น Operating Margin: โ‰ฅ5.5%

๐Ÿ”น Weighted Avg Shares (Diluted): ~243M


Customer & Retention Metrics

๐Ÿ”น Core Customers (>$5K ARR): 24,297; UP +10% YoY

๐Ÿ”น $100K+ Customers: 728; UP +20% YoY

๐Ÿ”น Net Retention Rate (Overall): 95%

๐Ÿ”น Net Retention (Core Customers): 96%

๐Ÿ”น Net Retention ($100K+ Customers): 95%


Strategic Highlights

๐Ÿ”ธ AI Studio surpassed $1M in ARR in its first quarter post-launch

๐Ÿ”ธ Largest subscription agreement in company history signed post-Q1: $100M+ over 3 years

๐Ÿ”ธ Share repurchase authorization increased by $100M; total available: $156M


๐Ÿ”ธ Appointed Marc Boroditsky (ex-Twilio, Cloudflare) to Board of Directors

๐Ÿ”ธ Recognized as a Leader in Forrester Wave: Collaborative Work Management Q2โ€™25

๐Ÿ”ธ Top ratings in Gartner Voice of the Customer (4.5/5 in Adaptive Project Management)

๐Ÿ”ธ Winner at 2025 Webby Awards โ€“ Apps & Software (Work, Productivity & Collaboration)


AI & Innovation

๐Ÿ”ธ Launched AI Studio Plus and Smart Workflow Gallery

๐Ÿ”ธ Hosted 15+ AI Studio training sessions with 4,000+ customer participants

๐Ÿ”ธ Released Work Innovation Lab report: Crossing the 5 AI Chasms to guide enterprises on AI scaling


CEO Dustin Moskovitz Commentary

๐Ÿ”ธ โ€œJust months after launch, AI Studio has surpassed $1M in ARR. Early customer success confirms its transformative potential and validates Asanaโ€™s leadership in human + AI coordination.โ€

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