| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 205.10 | 9.5% |
| Total Income | 205.10 | 9.5% |
| Expenditure | 220.34 | 4.7% |
| PBT | -12.99 | 66.6% |
| Net Profit | -14.41 | 64.0% |
| OPM | -7.43% | 16.01pp |
| NPM | -7.02% | 14.35pp |
| EPS | -0.06 | 64.7% |
Asana Announces Q1 FY2027 Revenue $205.1M, Up 9.5% Y-o-Y
29 May 2026 · 29 May, 1:43 am
Summary
Asana reported its first quarter fiscal 2027 financial results, with revenues reaching $205.1 million, a 9.5% increase year over year. The company's GAAP operating loss improved to $15.2 million, while non-GAAP operating income reached $23.6 million. Asana's customer base also saw growth, with Core customers increasing by 7% and customers spending $100,000 or more growing by 12%. The company expects revenues of $213 million to $215 million for the second quarter of fiscal 2027, representing year-over-year growth of 8.2% to 9.2%.
Key Highlights
- 1
Asana's revenues for the first quarter of fiscal 2027 were $205.1 million, an increase of 9.5% year over year.
- 2
GAAP operating loss was $15.2 million, representing 7% of revenues, compared to a GAAP operating loss of $43.9 million in the first quarter of fiscal 2026.
- 3
Non-GAAP operating income was $23.6 million, or 11.5% of revenues, compared to $8.1 million, or 4% of revenues, in the first quarter of fiscal 2026.
- 4
Cash flows from operating activities were $40.2 million, compared to $6.8 million in the first quarter of fiscal 2026.
- 5
Adjusted free cash flow was $34.4 million, compared to $9.9 million in the first quarter of fiscal 2026.
- 6
The number of Core customers grew to 26,103, an increase of 7% year over year, with revenues from Core customers growing 10% year over year.
- 7
The number of customers spending $100,000 or more on an annualized basis grew to 817, an increase of 12% year over year.
Management Comments
Dan Rogers
Asana is the operating system for human-agent teams. We believe the real enterprise productivity unlock from AI comes when humans and agents work together across the critical workflows that run the business. Customers are increasingly using AI Studio and AI Teammates to coordinate work faster, automate complex processes, and embed AI more deeply into their operations. The addition of StackAI strengthens our position as the operating system for human-agent teams by enabling customers to coordinate complex, cross-system workflows across humans and AI agents.
Aziz Megji
We exceeded the high end of our guided metrics and improved NRR for the fourth consecutive quarter. The business continues to show improving fundamentals, supported by momentum in AI product adoption, customer expansion, and operating efficiency. The acquisition of StackAI further differentiates our operating system for human-agent teams and reinforces our confidence in Asana’s long-term growth and profitability potential.
Informational and educational content only. Not investment advice.