Asana, Inc.

After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. To remove yourself from the queue, you may press star 11 again. I would now like to hand the call over to Eva Leung, head of investor relations. Please go ahead.

Good afternoon, and thank you for joining us on today's conference call to discuss the financial results for Asana's second quarter fiscal year 2026. With me on today's call are Duskin Moscovitz, Asana's co-founder and chair of the board, Dan Rogers, our CEO, Anne Raimondi, our chief operating officer and head of business, and Somali Parag, our chief financial officer. Today's call will include forward-looking statements, including statements regarding the expected release and benefits of our product offerings, including AI Studio and our expectations for revenue to be generated by AI Studio, our retention and expansion opportunity, our expectation for our financial outlook, including our revised full-year guidance, strategic plans, our market position and growth opportunities, and our capital allocation strategy including our stock repurchase programs. Forward-looking statements include risks, uncertainties, and assumptions that may cause our actual results to be materially different from those expressed or implied by the forward-looking statements. Please refer to our filings with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q for additional information on risks, uncertainties, and assumptions. that may cause actual results to differ materially from those set forth in such statements. In addition, during today's call, we will discuss non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. Reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus the closest gap equivalent are available in our earnings release, which is posted on our investor relation web page at investor.asana.com. And with that, I'd like to turn the call over to Justin.

Thanks, everyone. I'll kick things off before transitioning to Dan. When Justin and I started Asana, our vision was simple but ambitious, to fundamentally improve how humans work together. We set out to transform collaboration from a source of friction into a source of focus so that teams everywhere could achieve more of what really matters. That's why our mission has always been to help humanity thrive by enabling the world's teams to work together effortlessly. Over time, that vision evolved into the WorkGraph, a foundation that doesn't just reduce work about work, but gives teams clarity on goals, alignment, and impact. That clarity is what enables organizations to move from reactive busy work to proactive value creation. Today, we're at a major inflection point. AI is transforming collaborative work management, and Asana is uniquely positioned to lead. Unlike most AI platforms that start from a blank canvas, Asana begins with the work graph, a rich, structured model of how work gets done. This context lets AI embed directly into workflows like a teammate, with enterprise-grade security and access controls delivering outputs that are predictable, trustworthy, and immediately useful. And because it's layered into the workflows teams already use, Adoption is seamless and time to value is faster. That's the opportunity in front of us. From the beginning, our vision was about human to human collaboration, helping every teammate work together more effectively to drive greater productivity. Today, that opportunity has evolved into something even more powerful, a future where humans and AI teammates work side by side to unlock new levels of focus, clarity, and impact. An opportunity like this calls for both vision and operational excellence. which is why I'm so confident in Dan's leadership. He scaled companies at critical inflection points, pairing innovation with discipline and re-accelerating growth while expanding margins. And in just his first month as CEO, he's already leaning in to sharpen our execution, mapping our differentiated AI approach to mission-critical workflows in our target departments like IT, marketing, and more, while also deepening our focus on non-tech industries like retail and regulated industries. As for me, I'll remain engaged as chair of the board, working with Dan to enhance our product vision and strengthen our AI differentiation. And with that, let me hand it over to Dan to share his perspective on the quarter, his early impressions, and how he sees us capitalizing on the opportunities ahead. Dan, over to you.