Asana Posts 9% Revenue Growth in FY26 Amid AI Push — Asana, Inc.

Event summary

Asana reported $790.8M in FY26 revenue, up 9% YoY.
Non-GAAP operating margin improved to 7% from -6% YoY.
Core customers (spending ≥$5K) grew 8% YoY to 25,928.
AI Studio adoption accelerated; AI Teammates launch expected Q1 FY27.
Board authorized $160M additional share repurchase.

The big picture

Asana's FY26 results reflect progress in transforming into a multi-product AI platform, positioning itself as the foundational system for the emerging Agentic Enterprise. The company's improved financial discipline—evidenced by margin expansion and positive free cash flow—comes amid heightened competition in enterprise productivity software. Strategic hires in revenue and marketing signal focus on scaling enterprise adoption.

What we're watching

AI Monetization: How AI Teammates adoption will impact enterprise retention rates.
Margin Expansion: Whether Asana can sustain 9%+ non-GAAP operating margins amid scaling costs.
Competitive Positioning: The pace at which Asana differentiates itself in the agentic enterprise space.