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Asana: How AI Studio, Multiproduct Adoption & International Growth Are Converging!

Asana experienced a notable quarter with several key financial and operational highlights. The company’s third-quarter fiscal year 2026 results showcased a revenue of $201 million, representing a 9% year-over-year growth, which exceeded the high end of their guidance. Non-GAAP operating income came in at $16.3 million, translating to an 8% operating margin, which also surpassed the expected figures. Free cash flow was strong at $13.4 million, indicating a 7% margin. These results underscore disciplined cost management and strategic reallocation of resources, particularly towards expanding their AI platform. However, Asana’s dollar-based net retention rate (NRR) stood at 96%, an improvement over the previous quarter. Core customer NRR was slightly higher at 97%, with $100,000-plus customers also achieving a similar NRR of 96%. Despite these improvements, retention rates suggest room for further enhancement in customer stickiness.