Asana reported fourth quarter results that exceeded analyst expectations, shares rose 4.8% in extended trading.

The work management platform reported adjusted EPS of $0.08 for the fourth quarter ended January 31, beating the consensus estimate of $0.07. Revenue reached $205.6 million, slightly above the $205.14 million analyst estimate and up 9% YoY from $188.3 million in the prior-year period.

For the first quarter of fiscal 2027, Asana projected revenue of $202.5 million to $204.5 million. The company also guided to adjusted EPS of $0.07 to $0.08 for the quarter. For the full fiscal year 2027, Asana expects revenue of $850 million to $858 million, representing growth of 7.5% to 8.5%, with a midpoint of $854 million. The company projects adjusted EPS of $0.36 to $0.37 for the year.

"FY26 was a year of meaningful progress as we advanced Asana into a multi-product platform and strengthened our position as the foundational system of action layer for the Agentic Enterprise," said Dan Rogers, Chief Executive Officer.

The company reported adjusted operating income of $18.2 million, or 9% of revenues, compared to an adjusted operating loss of $1.7 million in the year-ago quarter. Core customers spending $5,000 or more annually grew 8% YoY to 25,928, while customers spending $100,000 or more increased 13% to 817. The dollar-based net retention rate was 96% overall.

Asana’s board authorized an additional $160 million for share repurchases, bringing total authorization to approximately $200 million.