earnings
confidence high
sentiment negative
materiality 0.80
Asana reports Q1 FY2025 revenue $172.4M (+13% YoY), GAAP net loss $63.7M; guides Q2 revenue $177-178M
Asana, Inc.
2025-Q1 EPS reported
-$0.28
revenue$172,448,000
- Revenue $172.4M, up 13% YoY; GAAP operating loss $66.2M (38% of revenue); non-GAAP op loss $15.8M (9% of revenue).
- GAAP net loss $63.7M ($0.28 per share); non-GAAP net loss $13.3M ($0.06 per share), improving from $18.5M loss YoY.
- Free cash flow negative $4.3M, improving from negative $16.6M YoY; expects to be FCF positive for full year.
- Core customers ($5k+ annualized) grew 12% to 22,162; revenues from Core up 15%. Dollar-based net retention rate for $100k+ customers 108%.
- Q2 FY2025 revenue guidance $177-178M (9-10% growth); full year FY2025 revenue $719-724M (10-11% growth) with non-GAAP op loss $59-55M.