Asana’s revenue growth slowed below 10% and net retention fell under 100%, signaling customer contraction amid fierce competition.
Asana (ASAN) closed at $7.10 on June 17, 2026, reflecting an 11.64% one-month return but a 46.58% decline over the past year. The company’s market capitalization stands at $1.64 billion.
Revenue growth decelerated to below 10%, while dollar-based net revenue retention dropped under 100%, indicating shrinking customer spending. Analysts cited intense competition from Microsoft, Salesforce, and Smartsheet as a key challenge.
The stock faced pressure as investors questioned the durability of Asana’s workflow management platform in a crowded market.