Asana, Inc. reported strong financial results for its second quarter fiscal 2026, ended July 31, 2025, with revenues reaching $196.936 million. This figure exceeded the high end of the company's guidance and represents a 9.9% increase year-over-year.
The company demonstrated significant progress in profitability, with its non-GAAP operating margin improving by 16 percentage points year-over-year in Q2. Furthermore, the dollar-based net retention rate (NRR) stabilized quarter-over-quarter, showing improvement in expansion as the AI Studio product continues to ramp up.
Based on this performance, Asana raised the midpoint of its full fiscal year 2026 revenue guidance range to $780 million to $790 million. The company also increased its full-year non-GAAP operating margin guidance to at least 6.5%, reflecting confidence in its ability to drive durable, profitable growth. For the third quarter of fiscal 2026, Asana expects revenues between $198 million and $200 million.
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