Filing Flows › Asana (ASAN) › Q1 FY27
Asana (ASAN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Asana (ASAN) reported revenue of $205M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -0.2% from the quarter before. Operating margin was -7.4%, net loss $14.4M (7.0% of revenue).
Asana, Q1 FY27: revenue $205M (+10% year over year), operating margin -7.4%, net loss $14.4M, operating cash flow $40.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | -0.2% | +10% |
| Operating profit | −$15.2M | — | — |
| Net earnings | −$14.4M | — | — |
| Operating cash flow | $40.2M | +46% | +495% |
| Free cash flow | $37.4M | +42% | +511% |
What changed
Revenue was $205.1M in Q1 FY27, up 10% year over year and roughly flat from the previous quarter.
Gross margin was 87.6%, down 2.1 points from Q1 FY26. Operating costs exceeded revenue by $15.2M, an operating margin of -7.4%. Operating expenses fell 8% while revenue rose 10%. The quarter ended with a net loss of $14.4M, narrower than the previous quarter's $32.2M loss.
Operating cash flow was $40.2M (up 495% year over year). Non-cash charges added back $6.1M of depreciation and amortization and $36.3M of share-based compensation. Working capital and other items added $12.2M. Capital expenditures of $2.8M left free cash flow of $37.4M.
Questions
What was Asana's revenue in the first quarter fiscal 2027?
Asana (ASAN) reported revenue of $205M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -0.2% from the quarter before.
Was Asana profitable in the first quarter fiscal 2027?
Operating loss was $15.2M (-7.4% of revenue) and net loss $14.4M.
Source: Asana 10-Q on SEC EDGAR.