Asana, Inc.
14.26-0.32 (-2.19%)
Oct 28, 4:00:02 PM EDT · NYSE · ASAN · USD
Key Stats
Market Cap
3.44BP/E (TTM)
-Basic EPS (TTM)
-0.88Dividend Yield
0%Recent Filings
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.
8-K
Asana beats Q2 revenue
Asana reported Q2 fiscal 2026 revenue of $196.9 million, up 10% year over year, beating guidance while swinging to non-GAAP operating income of $14.0 million—a 16 percentage point margin improvement. Core customers grew 9% to 25,006, with $100K+ spenders up 19% to 770, yet net retention held at 96%. Dan Rogers steps in as CEO to steer AI-driven growth. Raised FY26 revenue outlook to $780-790 million and non-GAAP operating margin to 6%. AI integration risks could sway execution.
10-Q
Q2 FY2026 results
Asana's Q2 FY2026 revenue climbed 10% y/y to $196.9M, fueled by new paying customers and a shift to higher-tier Enterprise plans, while gross margin edged up to 90% from 89%. Operating loss narrowed to $49.5M from $76.8M y/y, thanks to 13% cuts in R&D spending and 2% in sales and marketing, though G&A rose 11% on stock-based comp. Diluted EPS improved to -$0.20 from -$0.31, aligning with 236.2M shares. Cash from operations hit $39.8M for the quarter (derived), bolstering $475.2M in cash and equivalents; term debt stands at $41.9M under the November 2022 facility maturing 2026, with $78.3M revolver availability and no covenant breaches. Non-GAAP metrics not disclosed in the 10-Q. Yet competition sharpens in work management.
8-K
Asana appoints new CEO Rogers
Asana announced Dan Rogers as its new CEO effective July 21, 2025, succeeding Dustin Moskovitz, who retires from the role but stays on as Board Chair. Rogers, ex-CEO of LaunchDarkly and with stints at Rubrik and ServiceNow, brings proven scaling expertise to steer Asana's AI-driven growth. His package includes $650,000 base salary, matching target bonus, $18.2 million in RSUs, and $16.8 million in PSUs tied to revenue and TSR. Leadership transition risks key personnel loss.
8-K
Asana annual meeting results
Asana's stockholders overwhelmingly elected Andrew Lindsay, Lorrie Norrington, and Justin Rosenstein as Class II directors at the June 16, 2025 annual meeting, securing board continuity through 2028. They ratified PricewaterhouseCoopers as auditors for the fiscal year ending January 31, 2026, with 924 million votes in favor. The advisory vote approved executive compensation, signaling strong shareholder alignment. Votes passed decisively.
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