Short answer
Asana, Inc. (ASAN) filed its Q4 2025 10-Q quarterly report on Dec 2, 2025 for the quarter ended Oct 31, 2025. Quarterly revenue was $201M (up 9.3% year over year) with net income of −$68M.
Q4 2025 key financials · XBRL
- Revenue
- $201M
- +9.3% YoY · +2.1% QoQ
- Net income
- −$68M
- −19.4% YoY · −41.5% QoQ
- Operating margin
- -34.8%
- Gross margin
- 88.9%
- EPS (diluted)
- −$0.28
- −12.0% YoY · −33.3% QoQ
Source: XBRL data from the Asana, Inc. (ASAN) Q4 2025 10-Q on SEC EDGAR. USD.
Asana, Inc. Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $201.0M, up 9% YoY from $183.9M, driven by new customers and higher-priced Enterprise plans
- Gross margin 89% vs 89% YoY; operating margin (35)% vs (33)%; net loss $68.4M vs $57.3M
- Core customers 25,413, contributing 76% of quarterly revenue; customers over $100,000 reached 785
- Operating cash flow $16.2M vs $(14.9)M; free cash flow $13.4M vs $(18.2)M
- Liquidity $463.6M; macroeconomic uncertainty affecting IT spending, buying patterns, and sales-cycle length
Risk Factors
- AI adoption risk: competitors may gain advantage through more significant AI investment than Asana
- Competitive risk: work-management market has low entry barriers and rapidly increasing competitor offerings
- Customer-concentration risk: substantially all revenue derives from the Asana platform and seat-based licenses
- Financial risk: nine-month net loss $156.8 million and accumulated deficit $2,059.5 million as of October 31, 2025
- Macroeconomic risk: bank failures, tariffs, interest-rate volatility, and economic downturns may lengthen sales cycles and reduce renewals
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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