AcquisitionsMay 28, 2026, 04:14 PM
Asana Acquires StackAI; Q1 Revenue $205.1M, Non-GAAP Op. Margin 11.5%
AI Summary
Asana, Inc. announced its first quarter fiscal 2027 financial results, reporting revenue of $205.1 million, exceeding the high end of its guidance, and a record non-GAAP operating margin of 11.5%. The company also announced the acquisition of StackAI, aiming to expand its cross-system workflow orchestration capabilities for human-agent teams. Asana provided a positive outlook for the second quarter and full fiscal year 2027, anticipating continued growth and profitability.
Key Highlights
- Acquired StackAI to enhance cross-system workflow orchestration for human-agent teams.
- Q1 revenue reached $205.1 million, an increase of 9.5% year-over-year.
- Q1 non-GAAP operating margin improved to 11.5%, up 720 basis points year-over-year.
- Q1 non-GAAP diluted net income per share was $0.10, up from $0.05 in the prior year.
- Cash flows from operating activities significantly increased to $40.2 million.
- Core customers (spending $5,000+ annually) grew 7% year-over-year to 26,103.
- Forecasts Q2 FY27 revenue of $213 million to $215 million, representing 8.2% to 9.2% growth.
- Projects full fiscal 2027 revenue between $855.5 million and $863.5 million.
Price Impact
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