Asana, Inc. earnings

Asana's fiscal 2027 second quarter revenue rose 9.9% to $216.4 million, and revenue for the first six months reached $421.5 million, up 9.7%. Management credited the addition of new paying customers and a continued shift in sales mix toward the higher priced Enterprise+ subscription plan.

Asana reported revenue of $205.1 million for the first quarter of fiscal 2027, up 9.5% from the prior-year quarter. Revenue grew at a steady pace while the losses shrank much faster. GAAP operating loss narrowed to $15.2 million. GAAP net loss narrowed to $14.4 million, or $0.06 per share.

Asana finished fiscal 2026 with fourth quarter revenue of $205.6 million, up 9% from the prior-year quarter. Gross profit was $180.6 million, up 7.0%. Gross margin slipped to 87.8% from 89.6%, down 1.8 percentage points. The profit story improved sharply below the gross line.

Asana reported third quarter fiscal 2026 revenue of $201.0 million, up 9.3% from a year earlier. Gross margin slipped to 88.9%, down 0.3 percentage points. The GAAP picture stayed weak.

Asana reported second-quarter fiscal 2026 revenue of $196.9 million, up 9.9% from the prior-year quarter. Gross profit was $176.7 million, up 11.0% year over year. Gross margin reached 89.7%, up 0.9 percentage points from the prior-year quarter.

Asana reported first quarter fiscal 2026 revenue of $187.3 million, up from $172.4 million in the prior-year quarter. Gross profit was $168.0 million and gross margin held at 89.7%. The GAAP operating loss narrowed to $43.9 million from $66.2 million. Operating margin improved to -23.4% from -38.4%.

Asana closed fiscal 2025 with fourth-quarter revenue of $188.3 million, up 10% from the prior-year quarter. Full-year revenue reached $723.9 million, up 11%. GAAP gross profit was $168.7 million in the quarter. GAAP gross margin was 89.6%, a slight decline from the prior-year quarter.

Asana closed the third quarter of fiscal 2025 with revenue of $183.9 million, up 10% from $166.5 million a year earlier. Gross profit rose to $164.1 million from $150.5 million, but gross margin slipped to 89.2% from 90.4%.

Asana reported revenue of $179.2 million for the second quarter of fiscal 2025, up 10.3% year over year. Year-to-date revenue was $351.7 million, up 11.7%. Gross profit rose 8.9% to $159.2 million.

Revenue growth stayed in the low teens while the bottom line remained deeply negative. Asana reported first quarter fiscal 2025 revenue of $172.4 million, up 13% from $152.4 million a year earlier. Gross profit rose to $154.6 million from $137.6 million, but gross margin slipped to 89.7% from 90.3%.

Asana closed fiscal 2024 with fourth-quarter revenue of $171.1 million, up 13.9% from the prior-year quarter. Gross profit was $153.7 million, also up 13.9%. Gross margin was 89.8%, flat against 89.9% a year earlier.

Asana's third quarter of fiscal 2024 showed a business still growing at a double-digit clip while GAAP losses narrowed. Revenue was $166.5 million for the quarter, up 17.7% from the prior-year quarter. Year-to-date revenue reached $481.4 million, up 21.3%.

Revenue of $162.5 million in the second quarter of fiscal 2024 rose 20.4% from the prior-year quarter. Revenue for the six months ended July 31, 2023 was $314.9 million, up 23.2%. Gross profit of $146.2 million rose 20.7%, and gross margin edged up to 90.0% from 89.8%.

Asana reported revenue of $152.4 million for its fiscal 2024 first quarter, up 26.3% from the prior-year quarter. Gross profit was $137.6 million and gross margin was 90.3%, up from 89.7% a year earlier.

Asana closed fiscal 2023 with a stronger top line but still deep losses. Fourth-quarter revenue was $150.2 million, up 34% from the prior-year quarter. Full-year revenue reached $547.2 million, up 45% year over year.

Asana reported $141.4 million of revenue in the third quarter of fiscal 2023, up 41% from $100.3 million in the prior-year quarter. Revenue for the first nine months of fiscal 2023 was $397.0 million, up 49% from $266.5 million.

Asana closed FY2023 Q2 with revenue of $134.9 million, up 50.8% year over year. Gross profit was $121.14 million, up 52.2%, and gross margin was 89.8%, up 0.8 percentage points. The company ended the quarter with over 131,000 paying customers and over 2.5 million paid seats.

Asana posted first quarter fiscal 2023 revenue of $120.6 million, up 57.4% from the prior-year quarter. Gross profit was $108.2 million, up 57.4%, and gross margin was 89.7%, flat year over year. Growth at the top of the income statement did not carry down the page.

Asana closed fiscal 2022 with fourth-quarter revenue of $111.9 million, up 64% from the prior-year quarter. Full-year revenue reached $378.4 million, up 67% year over year. The company ended the year with over 119,000 paying customers, versus over 93,000 a year earlier. Growth among larger accounts ran much faster.

Asana closed its fiscal 2022 third quarter with record revenue. Revenue was $100.3 million for the quarter ended October 31, 2021, up 70% from the prior-year quarter, and the company said quarterly revenue surpassed $100 million. Year-to-date revenue was $266.5 million, up 68% from the prior-year period.

Asana reported FY2022 second quarter revenue of $89.5 million, up 72.0% from $52.0 million in the prior-year quarter. Gross profit rose 76.9% to $79.6 million, and gross margin reached 89.0%, up 2.5 percentage points from 86.5%.

Asana reported record first quarter fiscal 2022 revenue of $76.7 million, up 61% year over year. Gross profit rose 65.7% to $68.8 million, and gross margin was 89.7%, up 2.7 percentage points. Non-GAAP gross margin was 89.8%, compared with 87.1% a year earlier.

Asana closed fiscal 2021 with record fourth-quarter revenue of $68.37 million, up 57.3% from the prior-year quarter. Full-year revenue was $227.00 million, up 59.2%. Gross profit rose 59.8% to $60.18 million in the quarter and 61.6% to $198.26 million for the year.

Asana closed the third quarter of fiscal 2021 with revenue of $58.9 million, up 55% from $38.1 million in the prior-year quarter. The top line also grew 60% year to date, reaching $158.6 million from $99.1 million. Gross profit rose to $51.6 million from $32.8 million, and gross margin improved to 87.6% from 86.0%.