Markets
Asana Q4 FY2026: AI Studio Exits at $6M ARR With 50% QoQ Growth — AI Products to Hit 15% of New ARR in FY2027
Asana reported Q4 FY2026 results (announced March 2): $205.6M revenue (+9% YoY), NRR 96%, RPO $524.8M (+22%). AI Studio — the no-code agent workflow builder — exited the fiscal year at over $6M ARR after growing 50% quarter-over-quarter in Q4. AI products expected to contribute ~15% of new ARR in FY2027. Critical counter-signal to SaaSpocalypse narrative: NRR held at 96% for a project management tool, suggesting AI agents are currently additive and expanding renewals, not cannibalizing them. AI is functioning as an expansion revenue layer, not a churn driver.
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