Filing Flows › Asana (ASAN) › Q2 FY27
Asana (ASAN) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
Asana (ASAN) reported revenue of $216M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and +6% from the quarter before. Operating margin was -19.0%, net loss $39.2M (18.1% of revenue).
Asana, Q2 FY27: revenue $216M (+10% year over year), operating margin -19.0%, net loss $39.2M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | +6% | +10% |
| Operating profit | −$41.2M | — | — |
| Net earnings | −$39.2M | — | — |
| Operating cash flow | $46.0M | +14% | +16% |
| Free cash flow | $40.0M | — | +13% |
What changed
Revenue was $216.4M in Q2 FY27, up 10% year over year and up 6% from the previous quarter.
Gross margin was 86.0%, down 3.7 points from Q2 FY26. Operating costs exceeded revenue by $41.2M, an operating margin of -19.0%. Operating expenses grew 1% against revenue growth of 10%. The quarter ended with a net loss of $39.2M, wider than the previous quarter's $14.4M loss.
Operating cash flow was $46.0M (up 16% year over year). Non-cash charges added back $6.1M of depreciation and amortization and $56.3M of share-based compensation. Working capital and other items added $22.8M. After capitalized internal-use software costs ($4.5M) and purchases of property and equipment ($1.5M), free cash flow as the company reports it was $40.0M.
Questions
What was Asana's revenue in the second quarter fiscal 2027?
Asana (ASAN) reported revenue of $216M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and +6% from the quarter before.
Was Asana profitable in the second quarter fiscal 2027?
Operating loss was $41.2M (-19.0% of revenue) and net loss $39.2M.
Source: Asana 10-Q on SEC EDGAR.