Filing Flows › Asana (ASAN) › Q3 FY26
Asana (ASAN) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 2, 2025
Asana (ASAN) reported revenue of $201M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +2% from the quarter before. Operating margin was -34.8%, net loss $68.4M (34.0% of revenue).
Asana, Q3 FY26: revenue $201M (+9% year over year), operating margin -34.8%, net loss $68.4M, operating cash flow $16.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | +2% | +9% |
| Operating profit | −$70.0M | — | — |
| Net earnings | −$68.4M | — | — |
| Operating cash flow | $16.2M | -59% | — |
| Free cash flow | $15.5M | -60% | — |
What changed
Revenue was $201.0M in Q3 FY26, up 9% year over year and up 2% from the previous quarter.
Gross margin was 88.9%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $70.0M, an operating margin of -34.8%. Operating expenses grew 11% against revenue growth of 9%. The fastest-growing cost line was General & admin (+106%). The quarter ended with a net loss of $68.4M, wider than the previous quarter's $48.4M loss.
Operating cash flow was $16.2M. Non-cash charges added back $5.8M of depreciation and amortization and $54.7M of share-based compensation. Working capital and other items added $24.1M. Capital expenditures of $669K left free cash flow of $15.5M.
Questions
What was Asana's revenue in the third quarter fiscal 2026?
Asana (ASAN) reported revenue of $201M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +2% from the quarter before.
Was Asana profitable in the third quarter fiscal 2026?
Operating loss was $70.0M (-34.8% of revenue) and net loss $68.4M.
Source: Asana 10-Q on SEC EDGAR.