Shares of Asana Inc. rose more than 8% in late trading today after the work management company reported earnings and revenue beats in its fiscal 2026 fourth quarter.

For the quarter that ended on Jan. 31, Asana reported adjusted earnings per share of eight cents, up from breakeven in the same quarter of the previous year, on revenue of $205.6 million, up 9% year-over-year. The figures were slightly ahead of the seven cents per share and revenue of $205.14 million expected by analysts.

Highlighting its improving fundamentals, Asana reported adjusted operating income of $19.9 million in the quarter, up from a $400,000 loss in the same quarter of the previous year. Cash rose to $27.6 million from $15.9 million a year prior.

As of the end of the quarter, Asana had 25,928 “core” customers spending $5,000 or more on an annualized basis, up 8% year-over-year, and the number of customers spending $100,000 or more was up 13% year-over-year, to 817.

Business highlights in the quarter included Asana launching Asana Gov, a Federal Risk and Authorization Management Program-in-process platform that helps government agencies, regulated industries and public sector partners manage complex programs, meet compliance standards and collaborate securely.

Asana expanded integrations across multiple major artificial intelligence platforms, including the Asana app in Claude, which allows teams to turn brainstorms and conversations into structured work complete with projects, portfolios, tasks and owners.

For its full 2026 fiscal year, Asana reported adjusted earnings of 27 cents per share, up from a loss of 13 cents per share in the previous fiscal year, on revenue of $790.8 million, up 9% year-over-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,” Chief Executive Dan Rogers said in a statement. “We exited Q4 with improving enterprise productivity, strong renewal performance and rapid adoption of AI Studio.”

For its fiscal 2027 first quarter, Asana expects adjusted earnings per share of seven to eight cents and revenue of $202.5 million to $204.5 million. For the full year, the company expects 36 to 37 cents per share and revenue of $850 million to $858 million.

At the midpoint, the full-year outlook came in just ahead of the 36 cents per share expected by analysts, while revenue fell short of an expected $856.8 million, the latter miss not enough to concern investors.

Photo: Asana