Asana posts 10% profit in the second quarter

Asana (Asan 2.48%))Task Management Software Company, known as a cloud -based platform that helps the team forms and traces the project, reported the results of fiscal year 2025 on September 3, 2025. The most important news is that GAAP, a 9.9% increase from the same period last year, overpowered the analytic estimates of $ 190 million. The adjusted income per week is $ 0.06, while the swing due to $ 0.05 losses last year, while the adjusted operating margin has been improved to 7.1%.

The company also raises annual guidelines to increase the trust in ASANA’s ability, which leads to long -term and durable growth and continuous profitability. This quarter has shown strong cost discipline, high profitability and continuous innovation.

Source: Asana. Note: The second quarter of the 2026 fiscal year ended on July 31, 2025. The fiscal year ended on July 31, 2024.

Business outline and recent focus

ASANA provides a cloud -based task management platform that allows the organization to plan, track and manage work and projects throughout the team. This platform helps to simplify the workflow, classify complex initiatives and improve team collaboration in all businesses. The core features combine the ongoing tracking, goal setting, automation and task management through the ongoing interface.

Recently, ASANA has expanded its AI drive set, deepens security certification, and expands its platform for large companies. The company focused on integrating artificial intelligence, automating work, providing predictive insights, and improving workflow adaptability to attract larger customer cohorts and solve complex business demands. Major success factors include maintaining customer maintenance, accelerating AI -based products, and maintaining security and regulations as more regulatory industries become customers.

Harbor’s main performance and development

During the previous year, sales increased 9.9%, surpassing the highest level of the company’s own guidelines. ASANA also achieved the highest non -GAAP operation margin of 7.1 %, which was rapidly improved at 8.7 %of the negative year -on -year. The company recorded non -GAAP net profit at $ 15.1 million or $ 0.06 per share, returning from $ 11.1 million in the previous year and $ 0.05 per share. The adjusted free cash flow reached $ 35.4 million compared to $ 12.8 million year -on -year.

The cost as a percentage of sales has decreased according to the core functions. R & D decreased from 31.5% (GAAP) to 31.5% (non -GAAP) last year, and sales and marketing fell from 50.9% (non -GAAP) to 44.8%. This strict cost management helped to reduce $ 27.3 million in margin expansion and operating losses based on GAAP.

Product innovation was central. During the quarter, ASANA started the pre -build AI drive Flow Smartwork Flow Gallery, which allows customers to easily include artificial intelligence in everyday work routines. The management also referred to the upcoming release, including “Team One” and the extended partnership, including the presence of ASANA in the Amazon Web Services market. AI Studio, ASANA’s tool to include workflow automation and insights, continued to be traction, especially among large enterprise customers.

In terms of customer, large enterprise customer momentum continued. The number of customers consuming more than $ 100,000 each year was 770, up 19% year -on -year, with 42 additional additions since the previous quarter. The number of core customers, which is defined by more than $ 5,000 every year, increased by 9% year -on -year to 25,006, and the group’s profits increased 12% compared to the previous year. Despite these profits, the management pointed out that the net retention rate, which is a measure of customer renewal and expansion, stagnated at 96%.

Security and compliance have developed into differentiated elements. ASANA achieves the “Fedramp of the Process” and indicates the intention of providing services to more public sectors and regulatory industry customers. Continuous certification, such as ISO compliance and annual SOC 2 type II reports, has been cited by the company to maintain trust with large organizations. The management also demanded the integration of the Asana platform in an environment that requires strict security requirements as a basis for future enterprise expansion.

Future: Guidelines and strategic considerations

Management forecast sales revenue means 7.4%to 8.5%year -on -year, from $ 175 million to $ 195 million. The annual sales guidelines increased slightly from $ 770 million to $ 770 million. The annual non -GAAP operation margin target has increased to 6%. But the top growth is slow. Executives are expected to fall to a single digit (7% to 9%) with high sales growth. Non -GAAP operating income is expected from $ 12 million to $ 14 million, and non -GAAP income per share is $ 0.07 to $ 0.07.

The company’s leadership emphasized that continuous margin profits depend on continuous cost discipline, net retention and expansion, as discussed in the context of the results, not GAAP results. The company’s net retention rate was 96%. Product innovation, especially AI’s product innovation, is important for promoting the use and contract size of large -scale corporate customers. Investors must monitor the AI ​​studio function, international expansion, customer cohort growth, and customer contract renewal or downgrade, as in the renewal of more than $ 100 million in the last quarter.

Unless otherwise specified, income and net profit presented using the United States are generally recognized accounting principles (GAAP).