Companies /Technology

Asana Inc - Class A

NYSE: ASAN Software - Application
$10.23
â–² $0.79 (+8.32%) today
Markets open · 1:17pm ET

Q3 2026 Earnings

Reported Dec 2, 2025, 4:06pm ET · SEC source
$0.07
Beat +13.09%
EPS · est. $0.06
$201.0M
Beat +1.13%
Revenue · est. $198.8M
−10.5%
Trailing market
ASAN vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0Dec 2Dec 3report 4:06pm ETearnings+0.4%−1.5%
−6%−3%0Dec 2Dec 3earnings+0.4%−1.5%
ASAN −1.5%S&P 500 +0.4%
−6%−3%0Dec 2Dec 3report 4:06pm ETearnings+0.2%−1.5%
−6%−3%0Dec 2Dec 3earnings+0.2%−1.5%
ASAN −1.5%NASDAQ +0.2%
−6%0+6%Dec 1Dec 10report 4:06pm ETearnings+0.8%+5.7%
−6%0+6%Dec 1Dec 10earnings+0.8%+5.7%
ASAN +5.7%S&P 500 +0.8%
−6%0+6%Dec 1Dec 10report 4:06pm ETearnings+0.9%+5.7%
−6%0+6%Dec 1Dec 10earnings+0.9%+5.7%
ASAN +5.7%NASDAQ +0.9%
+7.77%
Day of report
−1.87%
Next session
+1.04%
One week
−9.29%
30 days

S&P 500 over the same 30 days: +1.16%.

Did ASAN Beat Earnings? Q3 2026 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$-80,000,000$0$80.0M$160.0M$183.9M$201.0MRevenue$164.1M$178.7MGross Profit$-83,605,304$-69,986,000Operating Income$-84,883,404$-68,433,000Net Income
$-80,000,000$0$80.0M$160.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.