On March 11, 2024, Asana, Inc., a leading work management platform, reported its financial results for the fourth quarter and fiscal year ended January 31, 2024. The company announced a 14% year-over-year increase in Q4 revenues, amounting to $171.1 million, and a 19% increase in annual revenues, reaching $652.5 million. Asana also reported improvements in operating margins and a significant reduction in operating and net losses compared to the previous fiscal year. The GAAP operating loss for the fiscal year was $270.0 million, a notable improvement from the $407.8 million loss in fiscal 2023. The company's non-GAAP operating loss was $58.1 million, down from $207.3 million the previous year. Asana's net loss per share decreased to $1.17 from $2.04 in fiscal 2023. The company also highlighted a $142 million year-over-year improvement...Show More

On March 11, 2024, Asana, Inc., a leading work management platform, reported its financial results for the fourth quarter and fiscal year ended January 31, 2024. The company announced a 14% year-over-year increase in Q4 revenues, amounting to $171.1 million, and a 19% increase in annual revenues, reaching $652.5 million. Asana also reported improvements in operating margins and a significant reduction in operating and net losses compared to the previous fiscal year. The GAAP operating loss for the fiscal year was $270.0 million, a notable improvement from the $407.8 million loss in fiscal 2023. The company's non-GAAP operating loss was $58.1 million, down from $207.3 million the previous year. Asana's net loss per share decreased to $1.17 from $2.04 in fiscal 2023. The company also highlighted a $142 million year-over-year improvement in cash flows from operating activities and aims to be free cash flow positive by the end of the year. Asana's customer base grew, with a 20% increase in customers spending $100,000 or more annually. For fiscal 2025, Asana forecasts revenues between $716.0 million to $722.0 million and a non-GAAP operating loss margin of 7.6% to 8.5%. The company's forward-looking statements are based on current expectations and are subject to risks and uncertainties.