Short answer
Asana, Inc. (ASAN) filed its Q2 2026 10-Q quarterly report on May 28, 2026 for the quarter ended Apr 30, 2026. Quarterly revenue was $205M (up 9.5% year over year) with net income of −$14M.
Q2 2026 key financials · XBRL
- Revenue
- $205M
- +9.5% YoY
- Net income
- −$14M
- +64.0% YoY
- Operating margin
- -7.4%
- Gross margin
- 87.6%
- EPS (diluted)
- −$0.06
- +64.7% YoY
Source: XBRL data from the Asana, Inc. (ASAN) Q2 2026 10-Q on SEC EDGAR. USD.
Asana, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $205.1M, up 10% YoY from $187.3M, driven by new paying customers and Enterprise+ mix
- Gross margin 88% vs 90% YoY; operating margin (7)% vs (23)% YoY
- Core customers 26,103, contributing approximately 76% of revenue; customers over $100,000 reached 817
- Operating cash flow $40.2M vs $6.8M YoY; free cash flow $34.4M vs $4.0M
- AI discovery shifts expected to pressure results through fiscal 2027; modest traffic recovery and improved web conversion and retention
Risk Factors
- Net losses $14.4 million in Q1 2026 versus $40.0 million in Q1 2025, with accumulated deficit $2,209.1 million
- AI competition and adoption risk, including potential customer-developed internal work-management tools using AI-enabled software development
- Macroeconomic demand risk, with longer sales cycles, reduced renewal rates, lower customer spending, and delayed payments
- Platform concentration risk, with substantially all revenue derived from Asana’s core work-management platform
- Regulatory compliance exposure from changing legislative environments and compliance costs in new and existing markets
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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