Filing Flows › Asana (ASAN) › Q1 FY26
Asana (ASAN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 3, 2025
Asana (ASAN) reported revenue of $187M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -0.6% from the quarter before. Operating margin was -23.4%, net loss $40.0M (21.4% of revenue).
Asana, Q1 FY26: revenue $187M (+9% year over year), operating margin -23.4%, net loss $40.0M, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -0.6% | +9% |
| Operating profit | −$43.9M | — | — |
| Net earnings | −$40.0M | — | — |
| Operating cash flow | $6.8M | -57% | — |
| Free cash flow | $6.1M | -57% | — |
What changed
Revenue was $187.3M in Q1 FY26, up 9% year over year and down 1% from the previous quarter.
Gross margin was 89.7%, up 0.1 points from a year earlier. Operating costs exceeded revenue by $43.9M, an operating margin of -23.4%. Operating expenses fell 4% while revenue rose 9%. The quarter ended with a net loss of $40.0M, narrower than the previous quarter's $62.3M loss.
Operating cash flow was $6.8M. Non-cash charges added back $4.9M of depreciation and amortization and $48.2M of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $638K left free cash flow of $6.1M.
Questions
What was Asana's revenue in the first quarter fiscal 2026?
Asana (ASAN) reported revenue of $187M for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -0.6% from the quarter before.
Was Asana profitable in the first quarter fiscal 2026?
Operating loss was $43.9M (-23.4% of revenue) and net loss $40.0M.
Source: Asana 10-Q on SEC EDGAR.