ASAN
Asana, Inc.14.28
+0.14+0.99%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Q&A reaffirms script, details headwinds
Q&A largely reaffirmed prepared remarks on AI tailwinds and FY27 guidance, but quantified PLG headwinds as a 2-point ARR drag fully baked in, with no assumed recovery. Management detailed Claude integration as a non-cannibalizing access point to Asana's Work Graph for dual customers, bolstering moat arguments. Tech vertical showed flat ARR after NRR gains, but guide prudently assumes only modest improvement amid layoff risks. AI aids expansions and renewal mitigation. No surprises surfaced. Confident tone persists; watch PLG rebuild and tech durability.
Key Stats
Market Cap
3.39BP/E (TTM)
-Basic EPS (TTM)
-0.93Dividend Yield
0%Recent Filings
8-K
CFO transition announced
Asana announced CFO Sonalee Parekh's resignation effective March 23, 2026, with no disagreements, succeeded by internal Head of FP&A Aziz Megji starting March 24. Megji's package includes $600,000 base, 35% target bonus, $4.2M RSUs, and $1.8M PSUs. Smooth transition. Leadership continuity aids growth strategy.
8-K
Q4 beat, buybacks expanded
Asana reported Q4 revenue of $205.6M, up 9% year-over-year, with non-GAAP operating income at $18.2M versus prior loss; FY26 revenue hit $790.8M. Board boosted share repurchases by $160M to $199.4M total available, backed by February 26 credit amendment allowing up to $410M program. Cash funds it. Strong margins signal efficiency.
8-K
Q3 beat, exec exits
Asana beat Q3 revenue guidance with $201M (up 9% YoY) and swung to $16.3M non-GAAP operating income, while raising FY26 outlook to $789-791M revenue and $52.5-54.5M non-GAAP op income. COO Anne Raimondi and GC Eleanor Lacey resign effective Dec 31, 2025, transitioning to advisors through March 2026—no disagreements. Katie Colendich steps in as GC Jan 1 with $500K salary. Leadership churn hits amid momentum.
10-Q
Q1 FY2026 results
Asana posted Q1 FY2026 revenue of $201M, up 9% y/y, with gross margin steady at 89%. Operating loss widened to $70M from $60M y/y, driven by a $30.7M impairment on subleased office ROU assets and property/equipment in G&A, while R&D and sales/marketing dipped 11% and 4% y/y on lower headcount. Diluted EPS of -$0.29 aligns with 238M shares. Cash dipped to $183M (plus $280M marketable securities), term loan at $36M net (due 2027), $78M revolver available; YTD FCF $53M (derived). Stock repurchases hit $74M YTD. Competition remains fierce.
8-K
Asana subleases HQ space, books impairments
Asana subleased about 55,513 square feet of its San Francisco headquarters on September 5, 2025, with the deal starting October 2025 and running through September 2029. Management flagged impairment charges of $29 million to $32 million for the period ending October 31, 2025, stemming from this move to shrink office space. No material cash outlays expected. Sublease slashes footprint by 21% yet triggers hefty non-cash hit.
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