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Asana (ASAN)
NYSE:ASAN
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: 44.70%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements in product innovation and revenue growth, particularly with the launch of AI Studio and non-tech sector expansion. However, challenges such as negative free cash flow and a tough macroeconomic environment were also highlighted.Company Guidance
During Asana's Q3 2025 earnings call, several key metrics were highlighted, reflecting both the company's current performance and future guidance. Total revenue for the quarter was reported at $183.9 million, marking a year-over-year increase of 10%, which exceeded the company's prior guidance. Non-tech verticals demonstrated strong growth, up 15% year-over-year, contributing two-thirds of the business, while customer growth was robust, with core customer base and $100,000+ customers growing by 11% and 18%, respectively. The company's dollar-based net retention rate stood at 96%, with core customers at 98%, and those spending $100,000 or more at 99%. Furthermore, non-GAAP operating margins improved, reducing the operating loss margin from 6% to 4%. Looking ahead, Asana anticipates Q4 revenue between $187.5 million and $188.5 million, maintaining a 10% year-over-year growth rate, and aims for positive free cash flow by the end of Q4.AI Studio Launch and Early Success
Asana launched AI Studio, marking a significant milestone as a multiproduct company. Early adoption is promising with strong customer interest across various sectors, including technology and financial services.
Revenue Growth and Stability
Total revenues were up over 10% year-over-year, exceeding guidance and demonstrating stabilization of growth rate versus last quarter.
Non-Tech Sector Growth
Non-tech verticals grew faster than overall growth, up 15% year-over-year, and accounted for 2/3 of the business.
Improved Operating Margins
Non-GAAP operating margins improved year-over-year from an operating loss margin of 6% to 4%.
Customer Growth and Retention
Core customer base and $1,000+ customers grew 11% and 18%, respectively, with stable gross retention and an uptick in in-quarter NRR across all customer cohorts.
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ASAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $15.46 | $22.19 | +43.53% |
| Sep 03, 2024 | $13.29 | $12.61 | -5.12% |
| May 30, 2024 | $13.13 | $13.05 | -0.61% |
| Mar 11, 2024 | $18.79 | $16.40 | -12.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Asana (ASAN) report earnings?
Asana (ASAN) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Asana (ASAN) earnings time?
Asana (ASAN) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASAN EPS forecast?
ASAN EPS forecast for the fiscal quarter 2025 (Q4) is -$0.01.
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