On September 3, 2024, Asana, Inc., a leading work management platform, reported its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. The company announced a 10% year-over-year increase in revenues, amounting to $179.2 million. Despite the revenue growth, Asana experienced a GAAP operating loss of $76.8 million, which is 43% of revenues, and a GAAP net loss of $72.2 million. Non-GAAP figures were also provided, with a non-GAAP operating loss of $15.7 million and a non-GAAP net loss of $11.1 million. The company generated $15.9 million in operating cash flow and $12.8 million in free cash flow during the quarter. Asana also reported a 17% year-over-year growth in customers spending $100,000 or more. Additionally, Asana's President, CEO, and Chair of...Show More

On September 3, 2024, Asana, Inc., a leading work management platform, reported its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. The company announced a 10% year-over-year increase in revenues, amounting to $179.2 million. Despite the revenue growth, Asana experienced a GAAP operating loss of $76.8 million, which is 43% of revenues, and a GAAP net loss of $72.2 million. Non-GAAP figures were also provided, with a non-GAAP operating loss of $15.7 million and a non-GAAP net loss of $11.1 million. The company generated $15.9 million in operating cash flow and $12.8 million in free cash flow during the quarter. Asana also reported a 17% year-over-year growth in customers spending $100,000 or more. Additionally, Asana's President, CEO, and Chair of the Board, Dustin Moskovitz, announced a trading plan to purchase up to 13,500,000 shares of the company's Class A common stock, with the earliest execution date being December 10, 2024. The company provided forward-looking statements for the third quarter of fiscal 2025, expecting revenues between $180.0 million to $181.0 million and a non-GAAP operating loss of $19.0 million to $18.0 million. For the full fiscal year 2025, Asana anticipates revenues of $719.0 million to $721.0 million and a non-GAAP operating loss of $58.0 million to $55.0 million.