Asana, Inc.

Asana, Inc. filed its Form 10-Q for the period ending July 31, 2026. The company reported a 9.9% year-over-year increase in revenue for the second quarter of fiscal year 2026, reaching $216.4 million. The net loss for the quarter narrowed to $39.2 million from $48.4 million in the same period last year. For the first six months of fiscal year 2026, revenue grew to $421.5 million, and the net loss decreased to $53.6 million. The filing also detailed changes in assets and liabilities, with total assets at $816.1 million and total liabilities at $711.8 million as of July 31, 2026. Operating cash flow showed a significant increase.

Asana, Inc. announced that Veronica Sosa tendered her resignation as Chief Accounting Officer and Principal Accounting Officer, effective August 7, 2026. Ms. Sosa will remain in her role until the effective date. The company stated there were no disagreements with Ms. Sosa, and her departure is not related to the company's operations, policies, practices, or any accounting issues.

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.

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.

Asana, Inc. announced the resignations of directors Matt Cohler, Adam D’Angelo, and Lorrie Norrington, effective at the 2026 Annual Meeting of Stockholders on June 8, 2026. These departures are part of an orderly board refreshment process, with no disagreements cited. Following these changes, the Board of Directors will be reduced from ten to seven members, and Ms. Krista Anderson-Copperman has been appointed to succeed Ms. Norrington as the Lead Independent Director.