Highlights;
- Asana (ASAN) reported Q2 FY26 revenue of $196.9M, up 9.9% year-over-year, exceeding estimates.
- Achieved adjusted EPS of $0.06, a swing from a $(0.05) loss, with a 7.1% operating margin.
- Raised full-year revenue guidance to $780M-$790M and operating margin target to 6%.
- Launched AI-powered tools like Smart Workflow Gallery and AI Studio, driving enterprise adoption.
- Customer growth: 770 clients spending $100K+ (up 19% YoY).
- FedRAMP certification and security advancements boost enterprise and public sector appeal.
Asana’s Q2 FY2026 Earnings Report Highlights
Earnings Overview:
Asana, a leading cloud-based work management platform, reported its Q2 FY2026 results on September 3, 2025. The company delivered a strong performance, with GAAP revenue reaching $196.9 million, reflecting a 9.9% year-over-year increase and surpassing analyst expectations. Adjusted earnings per share (EPS) were $0.06, marking a significant improvement from the prior year’s loss of $0.05 per share. The adjusted operating margin improved to 7.1%, demonstrating enhanced profitability. Asana also raised its full-year guidance, underscoring confidence in its ability to sustain growth and profitability, supported by strong cost discipline and ongoing innovation.
Financial Metrics:
| Metric | Q2 FY26 | Q2 FY25 | Y/Y Change |
|---|---|---|---|
| Adjusted EPS | $0.06 | ($0.05) | n/a |
| Revenue | $196.9M | $179.2M | 9.9% |
| Adj. Operating Margin | 7.1% | (8.7%) | 15.8 pp |
| Adj. Free Cash Flow | $35.4M | $12.8M | 176.6% |
Business Overview:
Asana offers a cloud-based platform designed to help organizations manage tasks and projects, enhancing collaboration and efficiency. Their platform integrates task management with progress tracking, goal setting, and automation, delivered through a user-friendly interface. Recent strategic focuses include expanding AI-driven features, enhancing security, and scaling for larger enterprises. Success hinges on customer retention, AI adoption, and maintaining robust security measures.
Key Achievements:
- Revenue Growth: 9.9% year-over-year, slightly exceeding guidance.
- Operating Margin Improvement: 7.1%, a significant rise from -8.7% last year.
- Net Income: $15.1 million, compared to a prior year loss of $11.1 million.
- Cost Efficiency: Reduced expenses across R&D and sales/marketing as a percentage of revenue.
- Product Innovation: Launched Smart Workflow Gallery and AI Studio, enhancing AI capabilities.
- Enterprise Growth: 19% increase in customers spending over $100k annually.
- Security Advancements: Achieved FedRAMP In Process designation and maintained ISO and SOC 2 compliance.
Future Outlook:
Management forecasts Q3 revenue between $197.5 million and $199.5 million, indicating 7.4%-8.5% growth. Full-year revenue guidance is raised to $780-$790 million, with a 6% operating margin target. Focus remains on cost discipline, innovation, and customer retention. Investors should monitor AI adoption, international expansion, and large customer contracts.
Disclosure:
The Motley Fool Markets Team, based on large language models and proprietary systems, is responsible for this content. The Motley Fool holds no stock positions, recommends Asana, and discloses its policies herein.
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Source: https://www.fool.com/data-news/2025/09/03/asana-posts-10-revenue-gain-in-q2/?source=iedfolrf0000001
