ASAN Asana, Inc.
Price Chart
Executive Summary
Asana reported Q1 FY2027 revenue of $205.1M (+9.5% YoY), slightly above the high end of guidance but below the $214.2M consensus estimate. Non-GAAP EPS of $0.10 beat the $0.09 consensus by 14.3%, driven by record non-GAAP operating margins of 11.5% (up 720 bps YoY). The company announced the acquisition of StackAI and guided Q2 revenue of $213-215M and FY2027 revenue of $855.5-863.5M, both implying ~8-9% growth and below prior consensus expectations, which is a modest negative.
Key Financial Metrics
Actionable Insight
The revenue miss vs consensus is the headline negative, but the EPS beat, record margins, and accelerating cash flow provide a counterbalance. The StackAI acquisition adds a small growth tailwind (~50bps). Watch for NRR inflection above 96% and AI product monetization as key catalysts. The FY2027 guidance raise at the midpoint ($856.5M vs prior $854M) is modest and unlikely to drive significant upside.
Key Facts
- Q1 revenue $205.1M, +9.5% YoY, exceeded high end of guidance ($202.5-204.5M) but missed consensus of $214.2M
- Non-GAAP EPS $0.10 vs consensus $0.09 (14.3% beat); GAAP net loss per share -$0.06 vs -$0.17 YoY
- Record Q1 non-GAAP operating margin of 11.5%, up 720 bps YoY from 4.3%
- Operating cash flow $40.2M vs $6.8M YoY; adjusted FCF $34.4M vs $9.9M YoY
- Announced acquisition of StackAI to expand cross-system workflow orchestration capabilities
- Q2 FY2027 guidance: revenue $213-215M (8.2-9.2% YoY growth, ~50bps from StackAI); FY2027 guidance: revenue $855.5-863.5M (8.2-9.2% growth), non-GAAP operating margin at least 9.75%, non-GAAP EPS $0.37
- Core customers grew 7% YoY to 26,103; $100K+ customers grew 12% YoY to 817; NRR flat at 96% for 4th consecutive quarter
- Board authorized additional $160M share repurchase in prior quarter; company repurchased $45M in Q1
Financial Impact
Revenue beat guidance by ~$0.6M but missed consensus by ~$9.1M (4.3% miss). EPS beat consensus by $0.01 (14.3%). FY2027 revenue guidance of $855.5-863.5M implies ~8-9% growth, below the prior FY2027 guidance of $850-858M (raised slightly at midpoint).
Risk Factors
- Revenue growth decelerating to ~8-9% in FY2027, below historical ~9% trajectory
- NRR flat at 96% — any further decline would signal weakening customer retention
- StackAI acquisition integration risk and potential dilution from deal structure (undisclosed terms)
- GAAP net loss continues, though narrowing; SBC remains high at $36.3M (17.7% of revenue)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477720-26-000037 |
| Document: asan-20260528.htm | 0001477720-26-000037 |
| Document: 0001477720-26-000037-index-headers.html | 0001477720-26-000037 |
| Document: 0001477720-26-000037-index.html | 0001477720-26-000037 |
| Document: 0001477720-26-000037.txt | 0001477720-26-000037 |
| 8-K Data (Synthetic) | 0001477720-26-000037 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
17d ago
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8-K
| $7.70 $7.84 | ▲ +1.82% | ▲ +4.32% | $7.39 (−4.03%) |
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Apr 20, 2026
7w ago
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DEFA14A
| $6.36 $6.33 | ▼ −0.47% | ▼ −1.56% | $7.39 (+16.19%) |
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Apr 20, 2026
7w ago
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8-K
| $6.36 $6.33 | ▼ −0.47% | ▼ −1.56% | $7.39 (+16.19%) |
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Mar 20, 2026
12w ago
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Insider Cluster
| $6.65 $6.17 | ▲ +7.22% | ▲ +5.07% | $7.39 (−11.13%) |
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Mar 20, 2026
12w ago
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Insider Cluster
| $6.65 $6.17 | ▼ −7.22% | ▼ −5.07% | $7.39 (+11.13%) |
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Mar 20, 2026
12w ago
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Insider Cluster
| $6.65 $6.17 | ▼ −7.22% | ▼ −5.07% | $7.39 (+11.13%) |
US Market Status
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