Asana Inc

Latest Results (06.10.2025):

Asana Inc. reported its fourth quarter and fiscal year 2025 results, demonstrating strong financial performance with revenue growth, improved operating margins, and positive cash flow. The company achieved significant milestones towards sustained profitable growth, highlighting its evolution into a multi-product organization.

Revenue Growth

In Q4 fiscal 2025, Asana Inc. reported revenues of $188.3 million, marking a 10% year-over-year increase. Adjusted for foreign exchange rates, revenues reached $189.1 million, reflecting a 10.5% growth compared to the previous year. For the full fiscal year 2025, total revenues were $723.9 million, an 11% increase year-over-year.

Enhanced Operating Margins

Asana Inc. achieved a GAAP operating loss of $63.6 million in Q4 fiscal 2025, which is 34% of revenues, improving from a 40% operating loss in Q4 fiscal 2024. The non-GAAP operating loss significantly improved to $1.7 million (1% of revenues) from $15.6 million (9% of revenues) year-over-year. For the entire fiscal year 2025, the GAAP operating loss was $266.7 million (37% of revenues), while non-GAAP operating loss was $40.8 million (6% of revenues).

Positive Cash Flow

Asana Inc. achieved positive cash flow for the full fiscal year 2025, with cash flows from operating activities totaling $15.9 million in Q4, a substantial improvement from negative $15.3 million in Q4 fiscal 2024. Free cash flow for the year was $12.3 million, up from negative $17.0 million in the previous year.

Net Loss Performance

The GAAP net loss for Q4 fiscal 2025 was $62.3 million, slightly better than the $62.4 million loss in Q4 fiscal 2024. Non-GAAP net loss improved dramatically to $0.4 million from $10.1 million year-over-year. For the full year, GAAP net loss was $255.5 million compared to $257.0 million in fiscal 2024, and non-GAAP net loss was $29.6 million, down from $45.1 million.

Strong Customer Growth

Asana Inc. saw the number of core customers increase by 11% year-over-year to 24,062 in Q4, with revenues from these customers also growing by 11%. Additionally, customers spending $100,000 or more saw a 20% increase to 726 in Q4 fiscal 2025.

Business and Product Developments

The company announced the integration of Asana AI with AWS’ Q Business, enhanced its position as a leader in the Gartner® Magic Quadrant™ for Collaborative Work Management, and hosted its Work Innovation Summit. These initiatives, along with strategic partnerships and industry awards, underscore Asana Inc.'s commitment to innovation and market leadership.