Buy, Sell or Hold This Mid Cap Tech Stock-ASAN

Acrobull UK Advisory Services Ltd.

November 05			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Asana Inc.	ASAN-NYSE	Technologies		$3.104 Billion	Medium

Asana, Inc. and its subsidiaries provide a work management software platform designed for individuals, team leaders, and executives both in the United States and internationally. The platform enables organizations to streamline and manage tasks ranging from daily activities to large-scale strategic projects, overseeing work across a variety of projects or workflows.

Recent Highlights

Growth in Core Customers: The number of Core customers—defined as those spending $5,000 or more annually—increased to 25,006 in the second quarter, representing a 9% year-over-year growth. Revenues generated from this customer segment rose 12% year over year, underscoring strong adoption and deeper engagement across Asana’s customer base.

Expansion Among Large Customers: The number of customers with annualized spending of $100,000 or more reached 770 in the second quarter, reflecting a 19% year-over-year increase. This continued growth in high-value customers highlights Asana’s success in driving enterprise expansion and delivering greater value to larger organizations.

Second Quarter 2026 Financial Highlights

Revenues- Asana, Inc. reported total revenues of $196.9 million, representing a 10% year-over-year increase. This growth reflects continued customer adoption of the company’s work management platform and expansion across enterprise accounts.

Operating Income/Loss- On a GAAP basis, the company recorded an operating loss of $49.5 million, equivalent to 25% of revenues, compared to a GAAP operating loss of $76.8 million, or 43% of revenues, in the second quarter of fiscal 2025.

This improvement demonstrates meaningful progress in operating efficiency and cost management. On a non-GAAP basis, Asana achieved operating income of $14.0 million, or 7% of revenues, compared to a non-GAAP operating loss of $15.7 million, or 9% of revenues, in the same period of the prior year, highlighting the company’s shift toward improved profitability.

Net Income/Loss- For the quarter, GAAP net loss was $48.4 million, compared to a GAAP net loss of $72.2 million in the second quarter of fiscal 2025. GAAP net loss per share was $0.20, improving from $0.31 per share in the prior-year period.

On a non-GAAP basis, the company reported net income of $15.1 million, compared to a non-GAAP net loss of $11.1 million a year earlier. Non-GAAP net income per share came in at $0.06, compared to a non-GAAP net loss per share of $0.05 in the second quarter of fiscal 2025.

Stock Observation-Looking ahead, Asana, Inc. remains optimistic about sustaining its revenue growth, driven by continued customer adoption of its work management platform and expanding reach within enterprise accounts. The company is well-positioned to capitalize on the increasing demand for streamlined collaboration and productivity solutions, which will fuel further year-over-year growth in both its customer base and overall revenues. As Asana continues to enhance its platform and support larger organizations, it expects to drive continued business momentum in the coming quarters.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$13.14 USD
Acrobull Recommendation	Buy
Target Price	Target $15.25
RSI Level	43 RSI
Total Shares Outstanding	156.69 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	45.10% 47.22% Medium 5%