Asana Powers Through Q1 2026 with Record-Breaking Growth and Landmark Deals
San Francisco-based productivity software company Asana has made significant strides in its first quarter of fiscal year 2026, achieving non-GAAP profitability for the first time in company history. In a conference call on June 3, 2025, to discuss its Q1 2026 results, Asana's CEO Dustin Moskovitz highlighted key accomplishments, showcasing the platform's growing influence across various industries.
Asana reported a 9% year-over-year increase in total revenues, exceeding expectations and reaching $100 million for the quarter. This growth was driven by strong performance in non-tech verticals, which grew at a mid-teens pace compared to overall growth. The company's fastest-growing verticals included manufacturing, energy, media and entertainment, and financial services.
"We're seeing tremendous momentum across all our major geographies," said Sonalee Parekh, Chief Financial Officer. "Our customers are recognizing the tangible value that AI Studio delivers in solving real business problems."
One of the most significant milestones achieved by Asana was closing the largest deal in its history with one of the world's largest employers. This three-year contract valued at over $100 million showcases Asana's unique ability to power complex cross-functional execution and enterprise-scale project management.
The partnership between Asana and this customer has led to significant growth, driven by organic adoption and intentional expansion. The company-wide standard for project task work and goal management makes Asana foundational to how they plan, track, and execute their most critical work.
AI Studio, which reached general availability in Q1 2026, demonstrated powerful early momentum, surpassing $1 million in ARR (annual recurring revenue) and entering the second quarter with a robust and rapidly growing pipeline. The interest is truly global, with strong traction across all major geographies, including notable customer wins in manufacturing, retail, technology, financial services, and healthcare.
The cross-vertical interest in AI Studio highlights its potential to not only eclipse the revenue scale of seat-based licenses over time but also reduce overall reliance on per-seat monetization. Asana's conviction in this is driven by instances where AI Studio ARR exceeds seat-based ARR, demonstrating how few users leveraging AI studio can drive outsized value.
