Asana, Inc. reported its financial results for the fourth quarter and fiscal year ended January 31, 2025. For Q4 FY25, total revenues were $188.334 million, a 10% increase year-over-year, aligning with guidance. The company achieved breakeven non-GAAP earnings per share, exceeding analyst estimates for a loss of one cent per share.
A significant highlight for fiscal year 2025 was the achievement of positive operating cash flow and free cash flow for the full year. The non-GAAP operating margin in Q4 FY25 improved by 820 basis points year-over-year, reflecting the company's focus on efficiency and productivity.
Alongside the earnings report, Asana announced that co-founder, CEO, and Chair Dustin Moskovitz intends to transition to the role of Board Chair once a new CEO is appointed. Moskovitz will remain CEO until his successor begins and plans to maintain his significant shareholdings, focusing on product vision, strategic guidance, and AI strategy in his new role.
For the first quarter of fiscal 2026, Asana expects revenues between $184.5 million and $186.5 million, which trailed analysts' expectations. The company also provided full fiscal year 2026 revenue guidance in the range of $775 million to $790 million, representing 7% to 9% year-over-year growth, and raised its non-GAAP operating margin guidance to at least 5.5%.
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