---
schema_version: "secwatch.filing_event.v1"
accession: "0001477720-23-000028"
form_type: "8-K"
ticker: "ASAN"
cik: "0001477720"
company_name: "Asana, Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:15:53.686723+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Asana Q1 revenue $152.4M (+26% YoY); operating loss narrows sharply; guides Q2 rev $157.5-158.5M

## Summary
- Revenue $152.4M (+26% YoY); GAAP net loss $61.5M ($0.28/sh) vs $98.9M ($0.52/sh) year ago.
- Non-GAAP operating loss $22.3M (15% of rev) improved from $54.7M (45%) last year; free cash flow -$16.6M vs -$42.2M.
- Customers spending $100k+ annualized grew 31% to 510; overall dollar-based net retention >110%; largest customer at 200k paid seats.
- Q2 FY2024 guidance: revenue $157.5-$158.5M (+17% YoY); non-GAAP operating loss $26-$24M.
- FY2024 guidance: revenue $640-$648M (+17-18% YoY); non-GAAP operating loss $120-$110M.

## SEC filing metadata
- accession: 0001477720-23-000028
- form_type: 8-K
- ticker: ASAN
- cik: 0001477720
- company_name: Asana, Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/0001477720-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/asan-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477720-23-000028
- JSON: https://secwatch.observer/filing/0001477720-23-000028.json
- Plain text: https://secwatch.observer/filing/0001477720-23-000028.txt

## Key facts
- Earnings Releases
  Asana, Inc. reported Fiscal year 2024 results: revenue Revenues of $640.0 million to $648.0 million, EPS Non-GAAP net loss per share of $0.55 to $0.50. Guidance initiated.
  - Period: Fiscal year 2024
  - Revenue: Revenues of $640.0 million to $648.0 million
  - EPS: Non-GAAP net loss per share of $0.55 to $0.50
  - Guidance: initiated
  - Result: guidance update
  source text: For fiscal year 2024, Asana expects: • Revenues of $640.0 million to $648.0 million, representing year over year growth of 17% to 18%. • Non-GAAP operating loss of $120.0 million to $110.0 million. • Non-GAAP net loss per share of $0.55 to $0.50, assuming basic and diluted weighted average shares outstanding of approximately 219 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/0001477720-23-000028-index.htm
- Earnings Releases
  Asana, Inc. reported Second quarter fiscal 2024 results: revenue Revenues of $157.5 million to $158.5 million, EPS Non-GAAP net loss per share of $0.12 to $0.11. Guidance initiated.
  - Period: Second quarter fiscal 2024
  - Revenue: Revenues of $157.5 million to $158.5 million
  - EPS: Non-GAAP net loss per share of $0.12 to $0.11
  - Guidance: initiated
  - Result: guidance update
  source text: Financial Outlook For the second quarter of fiscal 2024, Asana expects: • Revenues of $157.5 million to $158.5 million, representing year over year growth of 17%. • Non-GAAP operating loss of $26.0 million to $24.0 million. • Non-GAAP net loss per share of $0.12 to $0.11, assuming basic and diluted weighted average shares outstanding of approximately 218 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/0001477720-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.