Asana 2026 Q2 Earnings Improved Losses Amid 9.9% Revenue Growth

Asana reported its fiscal 2026 Q2 earnings on Sep 03, 2025, showcasing a 9.9% year-over-year revenue increase and narrowing losses. The results beat expectations, with revenue growth exceeding guidance, and the company raised its full-year revenue forecast.

Revenue
Asana’s total revenue for Q2 2026 reached $196.94 million, a 9.9% increase from $179.21 million in the same period last year. The growth was driven by strong performance across customer segments and geographies.

Earnings/Net Income
Asana reduced its net loss to $-48.36 million for Q2 2026, representing a 33.0% improvement compared to $-72.19 million in Q2 2025. On a per-share basis, losses narrowed to $0.20 from $0.31, a 35.5% improvement. Despite this progress, the company has posted losses for seven consecutive years in the same quarter. The narrowing loss is a positive sign, though the company remains unprofitable.

Price Action
The stock price of Asana edged up 2.67% during the latest trading day, 1.35% during the most recent full trading week, and 1.57% month-to-date, reflecting modest investor optimism.

Post-Earnings Price Action Review
Daniel Rogers, CEO & Director, described Q2 2026 as a strong quarter marked by 10% year-over-year revenue growth, driven by broad-based performance across customer segments and geographies. Rogers emphasized Asana’s role in enabling human-AI collaboration through AI Studio, noting that ARR had more than doubled quarter-over-quarter. He also highlighted the strategic importance of the Work Graph in delivering contextual AI aligned with enterprise workflows, differentiating Asana from generic AI tools. Rogers expressed confidence in expanding AI Studio’s adoption across industries and workflows and improving customer retention through multiproduct strategies and AI-driven automation. He concluded by emphasizing the need for operational excellence, sharp execution, and a focus on mission-critical use cases to drive growth and margin expansion.

Guidance
For Q3 2026, Asana expects revenue in the range of $197.5 million to $199.5 million, representing 7.4% to 8.5% year-over-year growth. The company forecasts non-GAAP operating income of $12 million to $14 million and non-GAAP net income per share of $0.06 to $0.07. For the full year 2026, Asana raised its revenue guidance to $780 million to $790 million, up from $775 million to $790 million, reflecting 8% to 9% growth. The company also expects full-year non-GAAP operating income of $46 million to $50 million and non-GAAP net income per share of $0.23 to $0.25.

Additional News
On the same day Asana released its earnings, Nigerian President Bola Tinubu announced that non-oil revenue had surged by 40% to N20.6 trillion, according to the Presidential office. The increase was attributed to a range of reforms aimed at improving Nigeria’s global economic standing. In another business development, Nigeria’s Federal Government announced a new 5% fuel tax under the Harmonized Tax Act, a move expected to boost government revenue. Meanwhile, Petrobras, the Brazilian energy giant, announced plans to re-enter Nigeria’s oil sector, signaling a potential boost in foreign investment and energy production in the country.