Asana, Inc. reported financial results for the second quarter of fiscal 2027, which ended on July 31, 2026. The company announced that Q2 revenue reached $216.4 million, representing a 10% increase year over year. This figure exceeded the high end of the company's previously issued guidance.
Regarding operational performance, Asana reported a GAAP operating loss of $41.2 million, or 19% of revenue, compared to a loss of $49.5 million in the prior year. Non-GAAP operating income improved to $21.8 million, or 10% of revenue, up from $14.0 million in the prior year. On a per-share basis, GAAP net loss was $0.17, while non-GAAP net income per share was $0.10.
The company highlighted growth in its customer base, noting that the number of Core customers (those spending $5,000 or more annually) increased by 7% year over year to 26,778. Additionally, the number of customers spending $100,000 or more annually grew by 16% to 890.
Asana also provided updated financial outlooks for the remainder of fiscal 2027. For the third quarter, the company expects revenues of $217 million to $219 million, representing year-over-year growth of 8% to 9%. For the full fiscal year, Asana raised its guidance, projecting revenues of $858.5 million to $863.5 million, representing 9% growth year over year.
