NYSE$ASAN
Asana · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Asana reported strong revenue growth and improved operating margins in Q4 FY24, driven by increased enterprise adoption.
Asana's Q4 FY24 revenue increased 14% year-over-year to $171.1 million. The company reported a GAAP net loss of $62.4 million, with an EPS of -$0.28. Non-GAAP net loss improved to $10.1 million, with a non-GAAP EPS of -$0.04. Free cash flow improved to -$17.0 million, reflecting continued operational improvements.
- Q4 revenue increased 14% year-over-year to $171.1 million.
- Net loss was $62.4 million, with an EPS of -$0.28.
- Customers spending $100,000 or more grew 20% to 607.
- Free cash flow improved to -$17.0 million, compared to -$26.5 million last year.
Headline financials
Revenue & EPS history
Asana · Revenue · Quarterly
$171M
Forward guidance
Asana expects continued revenue growth in Q1 FY25, with a focus on expanding enterprise adoption and AI-driven productivity solutions.
Tailwinds
- Q1 revenue projected between $168M and $169M, up 10-11% year-over-year.
- Non-GAAP operating loss expected to improve to $23M to $21M.
- Expanding enterprise adoption with a focus on AI-driven solutions.
- Operational efficiencies expected to further enhance margins.
- Growing number of large contract renewals driving revenue stability.
Headwinds
- Persistent net losses despite revenue growth.
- Macroeconomic uncertainty may impact enterprise spending.
- Intensifying competition in the work management software market.
- Potential regulatory challenges in AI-driven solutions.
- Higher operational expenses due to AI product development investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.0%
Avg return
Earnings day
+1.3%
Avg return
5 days after
-1.7%
Avg return
30 days after
42%
11 / 26 earnings
Positive
+40.2%
Q3 2024
Best reaction
-25.5%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +15.6% | +19.7% | — | |
| Q4 2026 | -4.4% | +9.0% | -12.7% | |
| Q3 2026 | +7.8% | +9.0% | -3.2% | |
| Q2 2026 | +2.8% | -2.2% | -4.1% | |
| Q1 2026 | -20.5% | -22.9% | -26.5% | |
| Q4 2025 | -24.2% | -16.8% | -7.2% | |
| Q3 2025 | +40.2% | +47.9% | +30.2% | |
| Q3 2024 | +40.2% | +47.9% | +30.2% | |
| Q2 2025 | -10.3% | -16.2% | -20.3% | |
| Q2 2024 | -10.3% | -16.2% | -20.3% | |
| Q1 2025 | +0.0% | -7.8% | +12.8% | |
| Q1 2024 | -5.5% | -1.5% | +1.3% | |
| Q4 2023 | -13.5% | -15.9% | -22.6% | |
| Q4 2024 | -12.7% | -15.1% | -20.4% | |
| Q3 2023 | -14.9% | -14.8% | -25.6% | |
| Q2 2023 | -13.1% | -7.1% | -26.4% | |
| Q1 2023 | -7.0% | -3.4% | -7.7% | |
| Q4 2022 | +21.1% | +18.5% | +11.1% | |
| Q3 2022 | -10.8% | -25.6% | -24.2% | |
| Q2 2022 | +25.8% | +52.0% | +27.2% | |
| Q1 2022 | +6.2% | +7.0% | -15.7% | |
| Q4 2021 | -14.6% | -25.9% | -22.6% | |
| Q3 2021 | -25.5% | -17.4% | -17.1% | |
| Q2 2021 | +18.0% | +24.2% | +34.8% | |
| Q1 2021 | +6.3% | +7.8% | +82.2% | |
| Q4 2020 | +3.4% | -0.4% | +3.3% | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro