ASAN Asana (ASAN) Q1 FY27 earnings call
Asana's turnaround thesis is gaining measurable traction: in-quarter net retention rose for a fourth straight quarter, the long-bruised technology vertical returned to growth, and AI-product bookings are running ahead of plan. Management is leaning into a multiproduct 'OS for human-agent teams' vision — layering AI Teammates and the newly acquired StackAI onto AI Studio — while guiding conservatively, excluding the tech recovery and holding PLG as a deliberate near-term drag.
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ASAN operating KPIs by quarter
| KPI | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Customers above an annual spend threshold Spending $5,000 or more | 26.103KWe have 26,103 core customers, which we define as customers spending $5,000 or more on an annualized basis.Source: earnings call transcript | 26.778KWe have 26,778 core customers which we define as customers spending $5,000 or more on an annualized basis.Source: earnings call transcript | +2.6% |
| Customers above an annual spend threshold Spending $100,000 or more | 817We have 817 customers spending $100,000 or more on an annualized basis, and this customer cohort grew 12% year-over-year.Source: earnings call transcript | 890We now have 890 customers spending $100,000 or more on an annualized basis.Source: earnings call transcript | +8.9% |
| Remaining performance obligation (RPO) | $518.1MOur remaining performance obligations, or RPO, were $518.1 million, up 23% year-over-year, and current RPO grew 18% year-over-year.Source: earnings call transcript | $522MOur remaining performance obligations, or RPO, was $522 million, and current RPO grew 10% year-over-year.Source: earnings call transcript | +0.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.