Summary by Moomoo AI
On December 5, 2024, Asana announced its Q3 fiscal 2025 results, reporting revenues of $183.9 million, a 10% YoY increase. The GAAP operating loss was $60.2 million, improving from $63.4 million in the previous year. Non-GAAP operating loss was $7.6 million, down from $9.8 million. The company also reported a GAAP net loss of $57.3 million, with a net loss per share of $0.25.Asana launched AI Studio, expanding its Total Addressable Market and enhancing productivity for customers. The company saw an 11% YoY increase in Core customers and an 18% increase in customers spending $100,000 or more annually. Asana's dollar-based net retention rate was 96% overall.For Q4 fiscal 2025, Asana expects revenues between $187.5 million and $188.5 million, with a non-GAAP net loss per share of $0.02 to $0.01. The fiscal 2025 revenue outlook is set at $723.0 million to $724.0 million, reflecting an 11% YoY growth.
