Asana, Inc.

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.