Asana reported Q3 FY2025 revenues of $183.9 million, up 10% year-over-year, driven by continued growth in paying customers and higher adoption of premium subscription plans. The company ended the quarter with 23,609 customers spending over $5,000 annually, contributing approximately 75% of total revenue. The dollar-based net retention rate was 96%.Operating loss was $60.2 million compared to $63.4 million in Q3 FY2024, while gross margin decreased slightly to 89% from 90%. Operating expenses increased 5% to $224.3 million, primarily due to higher personnel costs and investments in sales and marketing initiatives. The company maintained strong liquidity with $455.3 million in cash and marketable securities.Looking ahead, Asana continues to focus on enterprise expansion and AI integration while managing costs. The company repurchased 4.5 million shares for $55.0 million during Q3 under its $150 million stock repurchase program, with $75.3 million remaining available for future repurchases. A new five-year $255 million cloud services agreement with AWS was also announced.

Asana reported Q3 FY2025 revenues of $183.9 million, up 10% year-over-year, driven by continued growth in paying customers and higher adoption of premium subscription plans. The company ended the quarter with 23,609 customers spending over $5,000 annually, contributing approximately 75% of total revenue. The dollar-based net retention rate was 96%.Operating loss was $60.2 million compared to $63.4 million in Q3 FY2024, while gross margin decreased slightly to 89% from 90%. Operating expenses increased 5% to $224.3 million, primarily due to higher personnel costs and investments in sales and marketing initiatives. The company maintained strong liquidity with $455.3 million in cash and marketable securities.Looking ahead, Asana continues to focus on enterprise expansion and AI integration while managing costs. The company repurchased 4.5 million shares for $55.0 million during Q3 under its $150 million stock repurchase program, with $75.3 million remaining available for future repurchases. A new five-year $255 million cloud services agreement with AWS was also announced.