Asana (ASAN) Q3 2026 Earnings
How Did ASAN Stock React to Q3 2026 Earnings?
S&P 500 over the same 30 days: +1.16%.
Did ASAN Beat Earnings? Q3 2026 Results
Yes. Asana reported Q3 2026 earnings of $0.07 a share on Dec 2, 2025, beating the $0.06 consensus estimate by 13.1%. Revenue was $201.0M against a $198.8M estimate.
Asana posted a clean beat across the board in its fiscal third quarter, with the work management software company reporting revenue of $201.03 million, up 9.3% year over year and ahead of the $198.78 million consensus, while non-GAAP EPS of $0.07 topped the $0.06 analyst estimate by 13.09%. The most material driver of the profit improvement was a decisive swing in non-GAAP operating income to $16.34 million from a loss of $7.63 million a year earlier, reflecting meaningful cost discipline even as GAAP results remained pressured by a $30.72 million impairment charge on long-lived assets. Enterprise momentum provided further support, with customers spending $100,000 or more annually growing 15% to 785. Still, a dollar-based net retention rate of 96% signals ongoing contraction within the existing customer base, a point Morgan Stanley analysts flagged alongside concerns about SMB headwinds and valuation. Looking ahead, Asana guided Q4 revenue of $204.00 million to $206.00 million and raised the high end of its full-year revenue outlook to $789.00 million to $791.00 million.
- Revenue exceeded high end of guidance with 9% YoY growth
- Non-GAAP operating income swung to $16.3 million from a $7.6 million loss YoY
- Core customers grew 8% to 25,413 with revenue from Core customers up 10% YoY
- Customers spending $100K+ grew 15% to 785
- Continued improvement in dollar-based net retention rate
- Momentum with AI Studio driving enterprise engagement
- Year-to-date GAAP operating margin improved by 10 percentage points and non-GAAP operating margin by 14 percentage points
“This was a solid quarter, with continued improvement in NRR and momentum with AI Studio. Our newly announced AI Teammates bring collaborative, context-aware agents with the right controls and checkpoints to deliver real business outcomes. Early customer results show meaningful productivity gains, which is very encouraging for the long-term potential of the Asana AI platform in the Agentic Enterprise.”
Asana CEO, on the earnings call
What Was Asana's Outlook in Q3 2026?
For Q4 FY26, Asana expects revenues of $204.0 million to $206.0 million (8-9% YoY growth), non-GAAP operating income of $14.0 million to $16.0 million (7-8% margin), and non-GAAP EPS of $0.07 on approximately 244 million diluted shares. For full-year FY26, the company raised both the high end of its revenue and non-GAAP operating income guidance, now expecting revenues of $789.0 million to $791.0 million (9% growth), non-GAAP operating income of $52.5 million to $54.5 million (7% margin), and non-GAAP EPS of $0.25 to $0.26 on approximately 243 million diluted shares.
ASAN YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $201.0M | $183.9M | +9.3% |
| Gross Profit | $178.7M | $164.1M | +8.9% |
| Operating Income | −$70.0M | −$83.6M | −16.3% |
| Net Income | −$68.4M | −$84.9M | −19.4% |
Figures from SEC filings and company reports. Not investment advice.