Asana Q4 EPS Beats, Revenue Edges Higher as Core Customers Rise 8%
Asana delivered Q4 adjusted EPS of $0.08, topping estimates of $0.07, and generated $205.6 million in revenue, slightly above forecasts. Core customers rose 8% to 25,928, billings reached $234.3 million (+12.1% YoY), and full-year 2027 revenue is guided at $850–858 million.
1. Q4 Financial Results
Asana posted adjusted EPS of $0.08 versus consensus of $0.07 and reported revenue of $205.6 million, slightly topping forecasts. Billings for the quarter reached $234.3 million, up 12.1% year over year, while adjusted operating income was $18.2 million (8.8% margin) and free cash flow margin improved to 11.8%.
2. Customer Growth Metrics
The number of Core customers (spending at least $5,000 annually) rose 8% year over year to 25,928, with Core customer revenue growing 10%. Customers spending $100,000 or more grew 13% to 817, and dollar-based net retention rates stood at 96% overall, 97% for Core customers and 96% for $100K-plus customers.
3. Fiscal 2027 Guidance
For fiscal 2027, Asana projected adjusted EPS of $0.36 to $0.37, matching the midpoint estimate, and revenue between $850 million and $858 million, bracketing the $856.96 million consensus. Q1 fiscal 2026 revenue is expected near $203.5 million, also in line with analyst forecasts.