Asana, Inc. — Form 8-K
Filed September 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Asana reported Q2 FY2027 revenue of $216.4 million (10% YoY growth), exceeding guidance high end. Dollar-based net retention improved to 97% overall (98% for Core customers spending $5k+, 98% for $100k+ cohort). Non-GAAP operating margin expanded 300 bps YoY to 10%. The company raised FY2027 full-year revenue guidance to $858.5–$863.5M (9% growth) and non-GAAP operating margin to ~10%. StackAI acquisition for undisclosed amount closed; Agentic Work Management launches Q3 across all paid tiers.
Why this rating
Q2 beat, margin expansion, and raised guidance are positive. However, 10% revenue growth on $216M base and slowing guidance to 9% full-year growth show deceleration. NRR of 97% (below 100% breakeven) indicates net contraction despite cohort-level improvements. For $1.3B market-cap company, $216M quarterly revenue is substantial but 9% guidance growth is moderate. StackAI acquisition and AI product launches are strategic but lack financial detail. Material but not trajectory-changing.
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