Asana, Inc. and its subsidiaries operate a comprehensive work management software platform that serves individuals, team leaders, and executives both in the United States and internationally. The platform enables organizations to efficiently orchestrate work, ranging from daily tasks to large-scale, cross-functional strategic initiatives. It also facilitates the management of work across a portfolio of projects and workflows.

• Recent Highlights- Asana, Inc. saw continued strong growth in its Core customer base, with the number of customers spending $5,000 or more annually increasing by 9% year over year, reaching a total of 25,006. 

• Additionally, revenues from Core customers rose 12% year over year, while the number of high-value customers spending $100,000 or more annually grew by 19%, demonstrating robust demand and strong retention, as reflected in a dollar-based net retention rate of 96% across both overall and Core customer segments.

• Revenues: Asana, Inc. reported total revenues of $196.9 million, reflecting a 10% year-over-year increase. This growth underscores the company’s continued strong market performance.

• Operating Income/Loss: The company recorded a GAAP operating loss of $49.5 million, or 25% of revenues. This represents an improvement compared to the GAAP operating loss of $76.8 million, or 43% of revenues, in the second quarter of fiscal 2025. On a non-GAAP basis, Asana achieved an operating income of $14.0 million, or 7% of revenues, contrasting with a non-GAAP operating loss of $15.7 million, or 9% of revenues, in the prior-year period.

• Net Income/Loss: For the second quarter, Asana reported a GAAP net loss of $48.4 million, a notable improvement from the GAAP net loss of $72.2 million recorded in the same quarter of fiscal 2025. The GAAP net loss per share was $0.20, compared to a loss of $0.31 per share in the second quarter of the previous year. 

• Non-GAAP net income was $15.1 million, in stark contrast to a non-GAAP net loss of $11.1 million in the year-ago period. Non-GAAP net income per share stood at $0.06, compared to a non-GAAP net loss per share of $0.05 in the second quarter of fiscal 2025.

• Cash Flow: Asana’s cash flow from operating activities was $39.8 million, a significant increase from $15.9 million in the second quarter of fiscal 2025. Adjusted free cash flow also showed strong growth, reaching $35.4 million, up from $12.8 million in the same period last year. This demonstrates the company’s enhanced operational efficiency and cash generation capabilities

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