ASAN Q1 2027 Earnings
Reported May 28, 2026 at 4:07 PM ET · SEC Source
Q1 27 EPS
$0.10
BEAT +33.16%
Est. $0.08
Q1 27 Revenue
$205.1M
BEAT +0.75%
Est. $203.6M
vs S&P Since Q1 27
-1.7%
TRAILING MARKET
ASAN -4.7% vs S&P -3.1%
Market Reaction
Did ASAN Beat Earnings? Q1 2027 Results
Asana posted a strong first quarter of fiscal 2027, beating Wall Street expectations on both the top and bottom lines as accelerating margin improvement underscored the company's ongoing cost discipline. Revenue rose 9.5% year over year to $205.09 mi… Read more Asana posted a strong first quarter of fiscal 2027, beating Wall Street expectations on both the top and bottom lines as accelerating margin improvement underscored the company's ongoing cost discipline. Revenue rose 9.5% year over year to $205.09 million, edging past the $203.57 million consensus, while non-GAAP diluted EPS of $0.10 beat the $0.08 estimate by 33.16%, doubling the year-ago result of $0.05. The clearest driver behind the earnings beat was a dramatic reduction in operating losses; GAAP operating loss narrowed to $15.24 million from $43.90 million a year ago, a 1,600 basis point improvement, aided by stock-based compensation declining to $36.32 million from $48.17 million. Operating cash flow surged to $40.24 million from $6.76 million, reflecting the sharpest profitability turn in recent quarters. The results sent shares up more than 14% in trading following the report. Looking ahead, Asana guided Q2 revenue of $213 million to $215 million and full-year fiscal 2027 revenue of $855.5 million to $863.5 million, with non-GAAP EPS of $0.37 for the full year.
Key Takeaways
- • AI product adoption momentum with AI Studio and AI Teammates driving customer expansion
- • Improving net retention rate for the fourth consecutive quarter
- • Operating efficiency improvements with significant reduction in stock-based compensation expense
- • 12% growth in customers spending $100,000+ annually to 817
- • 10% revenue growth from Core customers
ASAN Forward Guidance & Outlook
For Q2 fiscal 2027, Asana expects revenues of $213 million to $215 million (8.2%-9.2% YoY growth, including ~50 bps from StackAI), non-GAAP operating income of $18 million to $20 million (8.5%-9.3% operating margin), and non-GAAP diluted EPS of $0.08 to $0.09 on ~237 million diluted shares. For full fiscal 2027, the company expects revenues of $855.5 million to $863.5 million (8.2%-9.2% growth, including ~50 bps from StackAI), non-GAAP operating margin of at least 9.75%, and non-GAAP EPS of $0.37 on ~239 million diluted shares.
ASAN YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“Asana is the operating system for human-agent teams. We believe the real enterprise productivity unlock from AI comes when humans and agents work together across the critical workflows that run the business. Customers are increasingly using AI Studio and AI Teammates to coordinate work faster, automate complex processes, and embed AI more deeply into their operations. The addition of StackAI strengthens our position as the operating system for human-agent teams by enabling customers to coordinate complex, cross-system workflows across humans and AI agents.”
— Dan Rogers, Q1 2027 Earnings Press Release
ASAN Earnings Trends
ASAN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ASAN EPS Trend
Earnings per share: estimate vs actual
ASAN Revenue Trend
Quarterly revenue: estimate vs actual
ASAN Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.08 | $0.10 | +33.16% | $205.1M | +0.75% |
| Q4 26 BEAT FY | $0.07 | $0.08 | +13.15% | $205.6M | +0.22% |
| FY Full Year | — | $0.27 | — | $790.8M | — |
| Q3 26 BEAT | $0.06 | $0.07 | +13.09% | $201.0M | +1.13% |
| Q2 26 BEAT | $0.05 | $0.06 | +20.72% | $196.9M | +2.04% |