Asana, Inc. experienced a significant after-hours plunge of 5.92% following the release of its fourth quarter fiscal 2026 earnings results. The work management platform reported financials that presented a mixed picture to investors.

While the company beat analyst expectations on several adjusted metrics, including adjusted EPS of $0.08 versus estimates of $0.07 and adjusted operating income of $18.2 million versus estimates of $15.3 million, the GAAP earnings per share came in at a loss of $0.14. This actual loss appears to have concerned investors despite the adjusted beats.

The company also provided forward guidance for fiscal 2027, forecasting revenue between $850 million and $858 million. Market reaction suggests this outlook may have fallen short of investor expectations, contributing to the after-hours selloff. The earnings release followed heightened options activity that implied a 17.2% expected move in the share price post-earnings.