Asana, Inc. (NYSE:ASAN) shares moved lower in Monday's extended trading after the company released its fourth-quarter earnings report.
Here's a look at the details from the report.
The Details: Asana reported quarterly earnings of eight cents per share, which beat the consensus estimate of seven cents, according to Benzinga Pro data.
Quarterly revenue came in at $205.57 million, which beat the Street estimate of $205.13 million.
Asana reported the following business highlights:
- The number of Core customers, or customers spending $5,000 or more on an annualized basis, grew to 25,928 in the fourth quarter, an increase of 8% year over year. Revenues from Core customers in the fourth quarter grew 10% year over year.
- The number of customers spending $100,000 or more on an annualized basis in the fourth quarter grew to 817, an increase of 13% year over year.
- Overall dollar-based net retention rate in the fourth quarter was 96%.
- Dollar-based net retention rate for Core customers in the fourth quarter was 97%.
- Dollar-based net retention rate for customers spending $100,000 or more on an annualized basis in the fourth quarter was 96%.
“FY26 was a year of meaningful progress as we advanced Asana into a multi-product platform and strengthened our position as the foundational system of action layer for the Agentic Enterprise,” said CEO Dan Rogers.
Outlook: Asana guided to fiscal 2027 adjusted EPS of 36 cents to 37 cents, versus the 36 cent analyst estimate, and revenue in a range of $850 million to $858 million, versus the $856.96 million estimate.
ASAN Stock Price: According to data from Benzinga Pro, Asana stock is up 1.37% to $7.40 in Monday's extended trading.
Photo: Shutterstock
