Asana Q4 Revenue at $205.6M Up 9%, Non-GAAP Profit and $160M Buyback
Asana reported Q4 revenue of $205.6M, up 9%, with GAAP operating loss narrowing to $34M (17% of revenue) and non-GAAP operating profit of $18.2M (9% margin). Full-year FY26 revenue rose 9% to $790.8M, non-GAAP operating income reached $56.7M (7% margin), cash from operations reached $90.4M, and buyback authorization increased by $160M.
1. Q4 Financial Performance
Asana’s Q4 revenue reached $205.6M, a 9% increase; GAAP operating loss narrowed to $34M (17% of revenue) and non-GAAP operating profit hit $18.2M (9% margin). GAAP net loss improved to $32.2M and non-GAAP net income was $19.9M, while operating cash flow totaled $27.6M.
2. FY26 Annual Results
For fiscal year 2026, revenue grew 9% to $790.8M and GAAP operating loss improved to $197.3M (25% of revenue). Non-GAAP operating income rose to $56.7M (7% margin), non-GAAP net income was $65.0M, and free cash flow reached $84.5M.
3. Product and Customer Expansion
Core customers spending over $5,000 grew 8% to 25,928, with 10% revenue growth; enterprise clients spending over $100,000 rose 13% to 817. The company expanded AI Studio usage, plans launch of AI Teammates, introduced Asana Gov, and enhanced AI integrations and add-ons.
4. Capital Returns and Outlook
The board authorized an additional $160M for share repurchases, leaving nearly $200M available. For Q1 FY27, revenue guidance is $202.5M–204.5M (8.1%–9.2% growth) with non-GAAP operating profit of $15M–17M, and FY27 revenue is forecast at $850M–858M with at least 9.5% non-GAAP margin.