ASAN Asana (ASAN) Q2 FY27 earnings call
Asana delivered a solid Q2 FY27, exceeding revenue and profitability expectations, driven by improving core business health and strong AI product momentum. The company is transitioning to Agentic Work Management (AWM), embedding AI capabilities into core offerings to drive deeper adoption and consumption-based growth, while navigating near-term revenue recognition impacts and PLG headwinds. This strategic shift aims to expand market reach and foster long-term operating leverage.
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ASAN operating KPIs by quarter
| KPI | Apr 2026 Q1 FY27 | This call 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.