Exhibit 99.1 Asana Announces Third Quarter Fiscal 2026 Results Q3 revenue exceeded high-end of guidance Raises both high-end of FY26 revenue and non-GAAP operating income guidance ranges Announced AI Teammates: collaborative agents that understand the context of all work across the organization and deliver real business outcomes 1 • Revenues: Revenues were $201.0 million, an increase of 9% year over year. • Operating Income/Loss: GAAP operating loss was $70.0 million, or 35% of revenues, compared to GAAP op ...

Core Insights - Asana reported Q3 fiscal 2026 revenue of $201.0 million, a 9% increase year-over-year, exceeding the high end of guidance [5][6] - The company raised its revenue and non-GAAP operating income guidance for the fiscal year 2026 [1][6] - Asana introduced AI Teammates, collaborative agents designed to enhance productivity and deliver business outcomes [1][10] Financial Performance - GAAP operating loss for Q3 was $70.0 million, or 35% of revenues, compared to a loss of $60.2 million, or 33% of revenues, in Q3 fiscal 2025 [5] - Non-GAAP operating income was $16.3 million, or 8% of revenues, compared to a non-GAAP operating loss of $7.6 million, or 4% of revenues, in the same quarter last year [5] - GAAP net loss was $68.4 million, with a net loss per share of $0.29, compared to a loss of $57.3 million and $0.25 per share in Q3 fiscal 2025 [5][24] Customer Metrics - The number of Core customers (spending $5,000 or more annually) grew to 25,413, an 8% increase year-over-year [5] - Customers spending $100,000 or more annually increased to 785, a 15% year-over-year growth [5] - The overall dollar-based net retention rate was 96%, with Core customers at 97% and high-value customers at 96% [5] Cash Flow and Liquidity - Cash flows from operating activities were $16.2 million, compared to negative $14.9 million in Q3 fiscal 2025 [5] - Adjusted free cash flow was $13.4 million, improving from negative $18.2 million in the same quarter last year [5] Business Highlights - Asana held its largest Work Innovation Summit events in London and New York, showcasing its vision for the future of work [10] - The company was named a Leader in the Gartner Magic Quadrant for Adaptive Project Management and Reporting, as well as for Collaborative Work Management [10]

Asana, Inc. (NYSE:ASAN) will release earnings results for the third quarter after the closing bell on Tuesday, Dec. 2.Analysts expect the San Francisco, California-based company to report quarterly earnings at 6 cents per share, versus a year-ago loss of 2 cents per share. The consensus estimate for Asana's quarterly revenue is $198.78 million, compared to $183.88 million a year earlier, according to data from Benzinga Pro.On Sept. 3, Asana reported better-than-expected second-quarter financial results and ...

Core Insights - Asana has launched Asana Gov, a secure work management platform aimed at helping government agencies manage mission-critical programs while ensuring compliance with federal security standards [1][2][3] Product Features - Asana Gov is designed to connect teams, tools, and mission objectives in a single secure workspace, addressing the challenges of siloed data and manual workflows that hinder program execution [2][4] - The platform utilizes the Asana Work Graph® to provide a clear view of work ownership and timelines, enabling agencies to manage work effectively across multiple departments [3][4] - Built to meet federal security standards, Asana Gov includes features such as role-based access controls, audit trails, and multi-factor authentication, allowing for scalable collaboration [4][5] Market Positioning - Asana Gov is expected to be available by mid-December 2025 for U.S. federal, state, and local government agencies, as well as contractors and regulated industries [8] - The platform is currently listed as "In Process" on the FedRAMP Marketplace, indicating its compliance journey towards federal security standards [8] Expert Opinions - Industry experts emphasize that the challenge of innovation in government often lies in securing buy-in from leadership and IT, and Asana Gov aims to bridge this gap by providing an easy-to-use, compliant platform [5][6] - The visibility of work and outcomes in Asana Gov is seen as a means to build public trust, empowering government employees to demonstrate their contributions to society [7]

AI Implementation Strategy - Leadership's intentional involvement is crucial for successful AI application, not just providing tools [1] - Asana's CIO, Saket Srivastava, discussed AI experimentation and application at the 2025 ForbesCIO Summit [1]

Core Insights - The article discusses the experiences of Dustin Moskovitz, co-founder of Facebook and former CEO of Asana, highlighting his reluctance to take on the CEO role and the challenges he faced during his tenure [1][10]. Group 1: Career Background - Dustin Moskovitz co-founded Facebook in February 2004 while studying economics at Harvard University, alongside Mark Zuckerberg and others [3]. - Initially, Facebook was designed as an online directory for Harvard students, later expanding to a broader audience as user growth surged [4][5]. - Moskovitz served as CTO and VP of Engineering at Facebook, focusing on technical architecture and team building [6]. Group 2: Transition to Asana - After leaving Facebook, Moskovitz co-founded Asana, a software company aimed at improving work efficiency and collaboration, retaining about 8% of Facebook shares, which made him a billionaire [7]. - Asana went public in 2020 with a market valuation of approximately $5.5 billion [7]. Group 3: CEO Experience - Moskovitz expressed that he never intended to be a CEO and found the role exhausting, stating he felt pushed into it over time [9][10]. - He described himself as an introvert who struggled with the demands of managing a rapidly growing company, often feeling like he was merely reacting to crises rather than building the company [9]. - After 13 years as CEO, he stepped down to become Chairman, retaining 53% of the company's shares while no longer participating in daily management [10][11]. Group 4: Broader Perspectives on the CEO Role - Other CEOs, like Steve Kaufer of TripAdvisor and Emad Mostaque of Stability AI, have also expressed dissatisfaction with the CEO role, indicating a common sentiment among leaders in high-pressure environments [12]. - Elon Musk has similarly articulated his aversion to the CEO position, preferring to focus on product and technology rather than management responsibilities [13].

Core Insights - Moskovitz is a co-founder of Meta (formerly Facebook) and has a net worth of $12 billion according to Forbes [1] - He co-founded Asana in 2008 and recently stepped down as CEO to become Chairman, expressing a preference for not managing teams [1] Company Overview - Meta was co-founded in 2004 by Moskovitz, Zuckerberg, Saverin, Hughes, and McCollum [1] - Asana was co-founded by Moskovitz in 2008, and he served as CEO for 13 years before transitioning to Chairman [1] Personal Insights - Moskovitz stated that he did not enjoy managing teams and that it was not the original intention when founding Asana [1] - He expressed a desire to take on a role more aligned with engineering rather than management [1]

Core Insights - The stock market rally has been primarily driven by a small group of large-cap tech stocks, indicating a concentration of market performance in this sector [1] - There is a prevailing consensus that smaller companies with limited resources are likely to face long-term challenges and may be considered long-term losers in the current market environment [1] Group 1: Market Dynamics - The rally in the stock market is heavily reliant on a concentrated group of large-cap technology stocks, suggesting a lack of broad-based market strength [1] - Smaller companies are perceived to be at a disadvantage, with expectations of underperformance compared to their larger counterparts [1] Group 2: Analyst Background - Gary Alexander has extensive experience in both Wall Street technology coverage and Silicon Valley, providing insights into current industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a recognized authority in the field [1]

Core Insights - Asana, Inc. has introduced AI Teammates, which are collaborative agents designed to understand the context of work across organizations and enhance collaboration [1] - These AI agents can support multiple teams at once and are capable of continuous improvement based on human feedback, aiming to increase the speed and quality of collaborative efforts [1] Company Overview - Asana is positioned as a leading work management platform that integrates human and AI collaboration [1] - The introduction of AI Teammates addresses prevalent concerns regarding the efficiency of collaborative work within organizations [1]

Summary of Asana FY Conference Call - September 10, 2025 Company Overview - **Company**: Asana (NYSE: ASAN) - **Industry**: Collaborative Work Management and AI Solutions Key Points 1. Asana AI Studio - Asana AI Studio has more than doubled sequentially, indicating strong early interest and adoption among customers [9][14][21] - The product aims to establish Asana as a multi-product company, enhancing customer experiences through AI [17][18] - Asana AI Studio is designed to integrate with existing workflows, making it easier for customers to adapt and automate processes [20][21] - The introduction of self-service access to AI Studio has already shown strong initial adoption among smaller customers [21][22] 2. Business Momentum - The company is focusing on expanding its relevance across various sectors, including HR onboarding, which has seen good adoption despite Asana not being traditionally viewed as an HR tool [23][24] - Asana is working on smart workflows and templates to facilitate quicker setup for customers, enhancing user experience [22][23] - The new CEO, Dan, is driving a customer-focused approach, aiming to meet 100 customers in 100 days to gather feedback and improve product-market fit [32][34] 3. Market Dynamics and Challenges - The company has observed a decline in top-of-funnel traffic but has managed to achieve better conversion rates due to higher intent traffic [46][47] - Asana is adapting its marketing strategy to include more experiential content and diversifying channels such as Reddit, Quora, and podcasts [48] - The tech sector, which has been a drag on growth, is showing signs of stabilization with strong interest in Asana AI Studio among tech companies [52][53] 4. Financial Performance and Growth Strategy - Asana has seen a year-over-year margin improvement of 16%, with a focus on optimizing operating expenses and geographic headcount distribution [34][56] - The company aims to leverage its high gross margins (90%) to achieve significant operating margin expansion as it scales [54][59] - There is a strong emphasis on retaining customer logos and mitigating downgrades, which provides comfort regarding future growth prospects [53] 5. Future Outlook - The leadership believes that Collaborative Work Management will transition from a nice-to-have to a mission-critical solution in the AI era [61] - Asana AI Studio and AI teammates are expected to drive significant traction and new use cases, positioning Asana as a leader in the market [63] 6. Important Metrics - Asana signed a three-year deal worth $100 million with a major tech company, highlighting its strong enterprise positioning [44] - The company is focused on improving net revenue retention (NRR) as a key growth driver [36] Additional Insights - The introduction of AI agents is being carefully managed to ensure security and compliance, which is a differentiating factor in enterprise conversations [40][44] - The leadership transition has brought a fresh perspective, with a focus on speed and customer engagement, contrasting with the previous leadership style [31][32] This summary encapsulates the key discussions and insights from the Asana FY Conference Call, highlighting the company's strategic direction, product developments, and market positioning.