Short answer
Asana, Inc. (ASAN) filed its Q3 2026 10-Q quarterly report on Sep 3, 2026 for the quarter ended Jul 31, 2026. Quarterly revenue was $216M (up 9.9% year over year) with net income of −$39M.
Q3 2026 key financials · XBRL
- Revenue
- $216M
- +9.9% YoY · +5.5% QoQ
- Net income
- −$39M
- +19.0% YoY · −172.1% QoQ
- Operating margin
- -19.0%
- Gross margin
- 86.0%
- EPS (diluted)
- −$0.17
- +19.0% YoY · −183.3% QoQ
Source: XBRL data from the Asana, Inc. (ASAN) Q3 2026 10-Q on SEC EDGAR. USD.
Asana, Inc. Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $216.4M, up 10% YoY from $196.9M, driven by new customers and Enterprise+ mix
- Gross margin 86% vs 90% YoY; operating margin (19)% vs (25)% YoY
- Core customers 26,778 vs 25,006; customers over $100,000 reached 890 vs 770
- Free cash flow $40.0M vs $35.4M YoY; adjusted free cash flow $42.3M vs $35.4M
- AI discovery shifts, macroeconomic uncertainty, and longer sales cycles expected to pressure fiscal 2027 performance
Risk Factors
- AI consumption billing increases revenue-forecasting complexity through variable usage and invoicing
- Third-party AI-service price increases could raise costs and reduce gross margins
- Intensifying competition requires successful AI deployment against larger, better-funded rivals
- Net loss $53.6 million for six months ended July 31, 2026, with accumulated deficit of $2,299.8 million
- Macroeconomic pressures may extend sales cycles, reduce renewals, and delay customer payments
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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