secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001477720-25-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asana reports Q1 FY26 rev $187.3M (+9% YoY); first positive non-GAAP op income; raises FY margin guidance
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- Revenue $187.3M (+9% YoY); GAAP net loss $40.0M ($0.17 loss/share); non-GAAP net income $12.0M ($0.05 EPS).
- Non-GAAP operating income $8.1M (first positive in history); GAAP op loss improved to 23% of rev from 38%.
- AI Studio surpassed $1M ARR in its first quarter of GA; signed largest subscription ever ($100M+ over 3 years).
- Board added $100M to share repurchase (total $156M available) and removed expiration date.
- Q2 rev guidance $192-194M; FY rev guidance $775-790M; non-GAAP op margin ≥5.5%; non-GAAP EPS $0.22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772025000105/0001477720-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772025000105/asan-20250530.htm
  HTML page:      https://secwatch.observer/filing/0001477720-25-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer