Asana, Inc.ASANEarnings & Financial Report
Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.
Revenue
$172.4M
Gross Profit
$154.6M
Operating Profit
$-66.2M
Net Profit
$-63.7M
Gross Margin
89.7%
Operating Margin
-38.4%
Net Margin
-37.0%
YoY Growth
13.1%
EPS
$-0.28
Asana, Inc. Q1 FY2025 Financial Summary
Asana, Inc. reported revenue of $172.4M (up 13.1% YoY) for Q1 FY2025, with a net profit of $-63.7M (down 3.7% YoY) (-37.0% margin). Cost of goods sold was $17.8M, operating expenses totaled $220.8M.
Key Financial Metrics
| Total Revenue | $172.4M |
|---|---|
| Net Profit | $-63.7M |
| Gross Margin | 89.7% |
| Operating Margin | -38.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Asana, Inc. Q1 FY2025 revenue of $172.4M breaks down across 2 segments, led by US at $104.4M (60.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US | $104.4M | 60.6% |
| Non Us | $68.0M | 39.4% |
Asana, Inc. Revenue by Segment — Quarterly Trend
Asana, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as US and Non Us) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| US | $118.5M | $116.5M | — | $112.8M |
| Non Us | $82.5M | $80.4M | — | $75.5M |
Asana, Inc. Annual Revenue by Year
Asana, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $723.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $723.9M |
| 2024 | $652.5M |
| 2023 | $547.2M |
| 2022 | $378.4M |
Asana, Inc. Quarterly Revenue & Net Profit History
Asana, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $201.0M | +9.3% | $-68.4M | -34.0% |
| Q2 FY2026 | $196.9M | +9.9% | $-48.4M | -24.6% |
| Q1 FY2026 | $187.3M | +8.6% | $-40.0M | -21.4% |
| Q4 FY2025 | $188.3M | +10.0% | $-62.3M | -33.1% |
| Q3 FY2025 | $183.9M | +10.4% | $-57.3M | -31.2% |
| Q2 FY2025 | $179.2M | +10.3% | $-72.2M | -40.3% |
| Q1 FY2025 | $172.4M | +13.1% | $-63.7M | -37.0% |
| Q4 FY2024 | $171.1M | +13.9% | $-62.4M | -36.5% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $171.1M | $172.4M | $179.2M | $183.9M | $188.3M | $187.3M | $196.9M | $201.0M |
| YoY Growth | 13.9% | 13.1% | 10.3% | 10.4% | 10.0% | 8.6% | 9.9% | 9.3% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $962.0M | $978.2M | $945.4M | $874.2M | $891.4M | $877.1M | $883.2M | $840.4M |
| Liabilities | $635.6M | $658.3M | $653.5M | $634.9M | $663.9M | $640.8M | $658.6M | $652.1M |
| Equity | $326.4M | $319.9M | $291.9M | $239.3M | $227.5M | $236.3M | $224.6M | $188.4M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-15.3M | $-1.9M | $15.9M | $-14.9M | $15.9M | $6.8M | $39.8M | $16.2M |