Asana Q2 Financial Results

Asana Reports A 10% Non-GAAP Operating Margin As Agentic Products Face Growth Tests

Asana, Inc. (ASAN) reported a 10% Non-GAAP Operating Margin in Q2 2027, with revenue increasing by 10% year over year and a company-defined non-GAPA operating income of $21.8 million. The company's overall dollar-based net retention was 97%, while the Core cohort and customers spending at least $100,000 annually were both at 98%. Asana, which plans to develop consumption-based and outcome-based revenue streams alongside seat subscriptions, also showed progress in the parts of the business most likely to support durable growth. However, retention remains a key issue as Asana has not yet restored net expansion within its measured existing-customer cohorts. The firm's fiscal guidance for fiscal 2027 is $858.5 million to $863.5m, or approximately 9% growth, and an approximately 10% non-gaAP operating margin.

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