secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001477720-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asana reports Q1 FY2025 revenue $172.4M (+13% YoY), GAAP net loss $63.7M; guides Q2 revenue $177-178M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000026/0001477720-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000026/asan-20240530.htm
  HTML page:      https://secwatch.observer/filing/0001477720-24-000026

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