---
schema_version: "secwatch.filing_event.v1"
accession: "0001477720-23-000040"
form_type: "8-K"
ticker: "ASAN"
cik: "0001477720"
company_name: "Asana, Inc."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:54:33.068265+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Asana Q2 revenue beats expectations; operating margin improves 37 ppt, positive free cash flow

## Summary
- Revenue $162.5M (+20% YoY), GAAP net loss $71.4M ($0.33/share) vs $113.0M ($0.59) YoY.
- Non-GAAP operating loss $10.4M (6% of revenue) vs $62.6M (46%) YoY; free cash flow positive $14.6M.
- Customers spending $5k+ annualized grew to 20,782 (+15% YoY); $100k+ customers 553 (+20% YoY).
- Appointed Ed McDonnell as Chief Revenue Officer.
- Q3 FY2024 revenue guidance $163.5-$164.5M (16% YoY growth); FY2024 revenue guidance $642-$648M (17-18% YoY).

## SEC filing metadata
- accession: 0001477720-23-000040
- form_type: 8-K
- ticker: ASAN
- cik: 0001477720
- company_name: Asana, Inc.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000040/0001477720-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000040/asan-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477720-23-000040
- JSON: https://secwatch.observer/filing/0001477720-23-000040.json
- Plain text: https://secwatch.observer/filing/0001477720-23-000040.txt

## Key facts
- Earnings Releases
  Asana, Inc. reported second quarter fiscal 2024 ended July 31, 2023 results: revenue $162.5 million, net income GAAP net loss was $71.4 million, EPS GAAP net loss per share was $0.33.
  - Period: second quarter fiscal 2024 ended July 31, 2023
  - Revenue: $162.5 million
  - Net income: GAAP net loss was $71.4 million
  - EPS: GAAP net loss per share was $0.33
  - Result: reported results
  source text: Work Graph® and AI – to drive clarity and accountability, maximize impact, and scale with confidence.” Second Quarter Fiscal 2024 Financial Highlights • Revenues: Revenues were $162.5 million, an increase of 20% year over year. • Operating Loss: GAAP operating loss was $73.4 million, or 45% of revenues, an improvement year over year compared to GAAP operating loss of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000040/0001477720-23-000040-index.htm
- Earnings Releases
  Asana, Inc. reported third quarter of fiscal 2024 results: EPS Non-GAAP net loss per share of $0.11 to $0.10. Guidance initiated.
  - Period: third quarter of fiscal 2024
  - EPS: Non-GAAP net loss per share of $0.11 to $0.10
  - Guidance: initiated
  - Result: guidance update
  source text: For the third quarter of fiscal 2024, Asana expects: • Revenues of $163.5 million to $164.5 million, representing year over year growth of 16%. • Non-GAAP operating loss of $25.0 million to $23.0 million. • Non-GAAP net loss per share of $0.11 to $0.10
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477720/000147772023000040/0001477720-23-000040-index.htm

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