Quarterly ResultMay 28, 2026, 04:24 PM
Asana Q1 Revenue $205.1M, Net Loss Narrows to $14.4M
AI Summary
Asana reported its first-quarter results for fiscal year 2026, showing a significant improvement in its financial performance. Revenue increased by 9.5% year-over-year to $205.1 million, while the net loss narrowed considerably to $14.4 million, or $0.06 per share, compared to a $40.0 million loss in the prior year. The company also generated $40.2 million in net cash from operating activities, a substantial increase from $6.8 million in the same period last year, and repurchased $45.0 million of common stock.
Key Highlights
- Revenue increased 9.5% to $205.1 million for Q1 2026.
- Net loss narrowed to $14.4 million ($0.06 per share) in Q1 2026.
- Gross profit rose to $179.7 million for Q1 2026.
- Loss from operations improved to $15.2 million for Q1 2026.
- Net cash provided by operating activities was $40.2 million for Q1 2026.
- Repurchased $45.0 million of common stock in Q1 2026.
- Cash and cash equivalents were $193.7 million as of April 30, 2026.
- Total stockholders' equity was $137.0 million as of April 30, 2026.
Price Impact
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