Filing Flows › Asana (ASAN) › Q2 FY26
Asana (ASAN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 3, 2025
Asana (ASAN) reported revenue of $197M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +5% from the quarter before. Operating margin was -25.1%, net loss $48.4M (24.6% of revenue).
Asana, Q2 FY26: revenue $197M (+10% year over year), operating margin -25.1%, net loss $48.4M, operating cash flow $39.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +5% | +10% |
| Operating profit | −$49.5M | — | — |
| Net earnings | −$48.4M | — | — |
| Operating cash flow | $39.8M | +489% | +151% |
| Free cash flow | $38.5M | +529% | +172% |
What changed
Revenue was $196.9M in Q2 FY26, up 10% year over year and up 5% from the previous quarter.
Gross margin was 89.7%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $49.5M, an operating margin of -25.1%. Operating expenses fell 4% while revenue rose 10%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $48.4M, wider than the previous quarter's $40.0M loss.
Operating cash flow was $39.8M (up 151% year over year). Non-cash charges added back $5.2M of depreciation and amortization and $62.2M of share-based compensation. Working capital and other items added $20.8M. Capital expenditures of $1.3M left free cash flow of $38.5M.
Questions
What was Asana's revenue in the second quarter fiscal 2026?
Asana (ASAN) reported revenue of $197M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +5% from the quarter before.
Was Asana profitable in the second quarter fiscal 2026?
Operating loss was $49.5M (-25.1% of revenue) and net loss $48.4M.
Source: Asana 10-Q on SEC EDGAR.