Latest news with #DustinMoskovitz
Yahoo
05-07-2025
- Business
- Yahoo
Elon Musk's $71 Billion Wealth Wipeout Dwarfs Next 7 Billionaire Decliners Combined
The world's richest person is worth less in 2025 than at the end of 2024, with Tesla Inc (NASDAQ:TSLA) CEO Elon Musk seeing his wealth take a hit as he battles with President Donald Trump. What Happened: The share price of Tesla has been highly volatile since Trump won the 2024 presidential election. Tesla shares hit new all-time highs in December 2024, driven by optimism for the electric vehicle leader and the strong relationship between Musk and Trump, which could help address regulatory issues and attract new fans. Tesla stock also traded over $400 at the start of 2025. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Musk's work done with the government through the Department of Government Efficiency led to a call for boycotts against Tesla, and may be a reason for the weakened demand globally in 2025. Several recent falling outs between Musk and Trump have caused Tesla shareholders to worry about the future and have led to a significant decline in Musk's wealth in 2025. Musk is worth an estimated $361 billion according to Bloomberg. While that figure is significant and higher than second-place Mark Zuckerberg ($252 billion), it is down $71.2 billion year-to-date in 2025. For context, Musk has lost more in his net worth in 2025 than the next seven highest 2025 decliners combined, who are listed below with their rank on the list, net worth and YTD decline. 273. Dustin Moskovitz, Facebook co-founder, Asana Inc (NYSE:ASAN) founder: $11.4 billion, -$16.9 billion YTD 7. Bernard Arnault, LVMH (OTC:LVMUY) CEO: $162 billion, -$14.4 billion YTD 168. Mike Sabel, Venture Global (NYSE:VG) co-founder: $15.3 billion, -9.4 billion YTD 169. Bob Pender, Venture Global co-founder: $15.3 billion, -$9.4 billion YTD 9. Sergey Brin, Alphabet Inc (NASDAQ:GOOGL) co-founder: $152 billion, -$6.6 billion 8. Larry Page, Alphabet Inc co-founder: $162 billion, -$6.5 billion 189. Sukanto Tanoto, Royal Golden Eagle founder: $14.1 billion, -$6.3 billion Musk has lost more wealth than these seven individuals combined. In fact, the $71.2 billion drop in his net worth is so steep, it would rank as the 23rd largest fortune in the world on its own. That means in 2025 alone, Musk has lost more money than the total net worth of all but about 20 It's Important: Tesla stock is down 16.7% year-to-date in 2025, which has significantly impacted Musk's wealth, as he owns approximately 12% of the company. Other stakes in SpaceX and xAI have held up better but are less volatile, as they are privately held and don't experience the same valuation spikes as Tesla stock does on a day-to-day basis. Regardless of how much Musk and Trump are worth, the Tesla CEO's net worth is significantly higher, but investors may soon learn which figure truly matters when it comes to valuing Tesla. Trump has threatened to investigate the subsidies that Tesla receives and is again speaking critically of electric vehicles. Tesla investors should also keep in mind that Trump was once strongly opposed to autonomous vehicles and stated that he would ban them from the road. The president appears to have had a change of heart or been influenced by Musk to make it easier to get autonomous vehicles on the road today. Musk previously set a Guinness World Record in 2022 with the largest single-year wealth drop, with his net worth declining between $180 billion and $200 billion. It is unlikely that Musk could see such a significant drop again in 2025, but continued battles between Musk and Trump could be a storyline to watch. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Image created using photos from Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Elon Musk's $71 Billion Wealth Wipeout Dwarfs Next 7 Billionaire Decliners Combined originally appeared on
Yahoo
04-06-2025
- Business
- Yahoo
Asana Just Turned a Profit--But One Chart Reveals a Hidden Risk Investors Can't Ignore
Asana (NYSE:ASAN) just crossed a major milestone: its first-ever non-GAAP operating profit. Q1 revenue came in at $187.3 million, growing 9% year-over-year and beating estimates. But let's be honestthat's a big slowdown from the 26% growth pace it posted last year. That deceleration raises a tough question: is Asana nearing the top of its growth curve? Warning! GuruFocus has detected 4 Warning Signs with ASAN. The company is leaning hard into AI to reignite momentum. Its new AI Studio crossed $1 million in ARR in just one quarter, and CEO Dustin Moskovitz believes it could become a long-term growth engine. CFO Sonalee Parekh isn't just optimisticshe's raising full-year margin guidance and emphasizing durable, profitable growth. That confidence is backed by a 1,300 basis point expansion in non-GAAP operating margin year-over-year, plus a record-breaking $100M+ customer renewal. Not to mention, Asana was just ranked highest in strategy in Forrester's latest CWM report and named one of Fast Company's most innovative workplace techs. But the chart paints a more sobering picture. Over the past six years, revenue has consistently climbedyet net income and EBITDA have remained deep in the red until now. There's improvement, but profitability still feels like a tightrope walk. With AI excitement driving short-term wins and retention among high-value customers holding steady, Asana's next chapter hinges on whether it can scale AI adoption before competitors like or Jira catch up. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
ASAN Q1 Earnings Call: AI Uptake Accelerates, Profitability Achieved Amid Retention Pressures
Work management software maker Asana (NYSE: ASAN) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 8.6% year on year to $187.3 million. Its non-GAAP profit of $0.05 per share was significantly above analysts' consensus estimates. Is now the time to buy ASAN? Find out in our full research report (it's free). Revenue: $187.3 million (8.6% year-on-year growth) Adjusted EPS: $0.05 vs analyst estimates of $0.02 (significant beat) Adjusted Operating Income: $8.14 million vs analyst estimates of $2.70 million (4.3% margin, significant beat) Revenue Guidance for Q2 CY2025 is $193 million at the midpoint, roughly in line with what analysts were expecting Management raised its full-year Adjusted EPS guidance to $0.22 at the midpoint, a 12.8% increase Operating Margin: -23.4%, up from -38.4% in the same quarter last year Net Revenue Retention Rate: 95% Annual Recurring Revenue: $773.4 million at quarter end, up 8.9% year on year Billings: $174.8 million at quarter end, down 11.9% year on year Market Capitalization: $4.47 billion Asana's first quarter results were shaped by its first achievement of non-GAAP profitability and the early traction of its AI Studio offering. Management highlighted that AI Studio reached $1 million in annual recurring revenue (ARR) during Q1, with adoption spanning diverse industries such as manufacturing, financial services, and retail. CEO Dustin Moskovitz pointed to a "landmark" $100 million, three-year renewal with a global enterprise, describing it as a demonstration of Asana's capacity to handle complex, cross-functional workflows at scale. The company also noted ongoing momentum outside the technology sector, with non-tech verticals growing faster than the overall business and enterprise customer expansion continuing, particularly for customers spending over $100,000 annually. Looking ahead, Asana's guidance is grounded in expanding its AI capabilities and broadening access to AI Studio through new product tiers and workflow templates. Management described a robust product roadmap, including the upcoming AI Studio Plus tier for small and mid-sized businesses and the planned launch of AI teammates—digital agents designed to further automate workflows. CFO Sonalee Parekh noted, 'The low end of our guidance range incorporates a more cautious view, factoring in potential macroeconomic headwinds and increased buyer scrutiny, particularly in enterprise and technology sectors.' The company aims to balance continued investment in product innovation and customer success with ongoing efficiency measures, expecting that new AI-driven features and improved onboarding will support long-term retention and growth. Management attributed the quarter's performance to strong enterprise deal activity, rapid AI Studio adoption, and improved operating efficiency, while acknowledging ongoing challenges in customer retention and net revenue retention rates. AI Studio adoption accelerates: The AI Studio platform surpassed $1 million in annual recurring revenue within months of general availability, with management highlighting widespread adoption across several industries and geographic regions. Customers are using AI Studio to automate business-critical workflows, and early usage patterns indicate increasing credit consumption and engagement over time. Enterprise deals drive visibility: Asana secured the largest deal in its history—a $100 million, three-year renewal with a major global employer. While this deal expanded total contract value, it involved a modest annual contract value (ACV) downgrade, which management expects will weigh on net revenue retention (NRR) in subsequent quarters. The contract provides long-term revenue visibility and is seen as validation of Asana's value in large-scale, complex organizations. Non-tech verticals outpace tech: Growth in non-technology sectors, such as manufacturing, energy, and financial services, continues to exceed that of the tech sector. Management noted that non-tech verticals now comprise the majority of new business and are growing in the mid-teens year over year, supporting a diversified customer base. Partner channel momentum: Asana's revamped partner program contributed to double-digit growth in partner-led deals, particularly in APAC and EMEA regions. Nearly 40% of APAC transactions involved channel partners, with partners playing a key role in scaling AI Studio adoption and supporting digital transformation initiatives. Efficiency improvements support margins: Cost reductions and operational discipline, including reallocation of resources to higher-productivity regions and tighter marketing spend, contributed to significant improvement in non-GAAP operating margins and positive free cash flow for the quarter. Management cited ongoing efforts in vendor rationalization, geographic workforce optimization, and increased productivity as levers for further margin expansion. Asana's outlook is shaped by AI product expansion, continued enterprise adoption, and the need to address retention challenges amid evolving macroeconomic conditions. AI-driven product expansion: The company is introducing new AI Studio tiers, including Plus and Pro, and rolling out the Smart Workflow Gallery to accelerate adoption across customer segments. Management expects broader access to AI functionality will drive incremental revenue growth and reduce reliance on seat-based licensing. Retention and customer health initiatives: Asana is focusing on lowering churn and downgrades, especially among small businesses and enterprise accounts, through targeted onboarding, health scoring, and foundational service plans. Management believes these efforts, along with new product add-ons, will gradually improve net revenue retention despite near-term headwinds from large contract renewals and budget scrutiny. Macroeconomic and procurement risks: Management acknowledged early signs of buyer caution, especially in the enterprise and technology verticals, which could result in slower sales cycles and increased downgrade activity. The expanded guidance range for the year reflects this uncertainty, and Asana plans to maintain cost discipline to preserve profitability if market conditions worsen. In the coming quarters, the StockStory team will be monitoring (1) the uptake of new AI Studio tiers and workflow templates across customer segments, (2) progress in mitigating churn and driving net revenue retention improvement, and (3) the pace of large enterprise deal activity and partner-led sales execution. The rollout of AI teammates and further product add-ons will also be key indicators of Asana's ability to drive incremental growth and diversify its revenue base. Asana currently trades at a forward price-to-sales ratio of 5.6×. In the wake of earnings, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Asana Inc (ASAN) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and AI Innovations ...
Total Revenue: $187.3 million, up 9% year-over-year. Non-GAAP Operating Margin: Improved by more than 1,300 basis points year-over-year, reaching 4%. Adjusted Free Cash Flow Margin: Improved by more than 700 basis points year-over-year, reaching 5%. Core Customers: 24,297 customers spending $5,000 or more annually, with revenue growth of 10% year-over-year. Customers Spending $100,000 or More: 728 customers, growing 20% year-over-year. Gross Margin: Approximately 90%. Net Income: $12 million or $0.05 per share. Cash and Cash Equivalents: Approximately $470.8 million. Share Repurchase: $15.6 million of Class A common stock repurchased. Q2 Revenue Guidance: $192 million to $194 million, representing 7% to 8% growth year-over-year. Full Year Revenue Guidance: $775 million to $790 million, representing 7% to 9% growth year-over-year. Warning! GuruFocus has detected 4 Warning Signs with ASAN. Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Asana Inc (NYSE:ASAN) achieved non-GAAP profitability for the first time in Q1 fiscal year 2026, marking a significant milestone. AI Studio reached general availability and surpassed $1 million in ARR, demonstrating strong early momentum. Total revenues increased by 9% year-over-year, exceeding the top end of guidance. Non-tech verticals grew faster than overall growth, with manufacturing, energy, media, entertainment, and financial services showing strong performance. A landmark $100 million-plus contract renewal with one of the largest employers in the world highlights Asana's enterprise capabilities. The $100 million-plus renewal, while significant, resulted in a modest ACV downgrade, impacting net retention rates. There is increased buyer scrutiny and elongation in decision-making processes, particularly in enterprise and tech verticals. Net retention rate (NRR) is expected to be pressured in Q2 due to downgrade pressures in enterprise and middle market segments. The macroeconomic environment presents risks, with potential for elongated sales cycles and increased budget scrutiny. Despite strong new business momentum, downgrade pressures and macroeconomic risks may limit the reflection of growth in overall revenue. Q: Can you provide more details on the $1 million ARR achieved by AI Studio and potential growth scenarios for fiscal '26? A: Dustin Moskovitz, CEO, explained that the $1 million ARR from AI Studio reflects a diverse customer base across regions and industries. The growth is driven by AI Studio Pro platform fees, with potential future upside from incremental consumption. The launch of the smart workflow gallery and the introduction of a more affordable Plus SKU and AI mates are expected to drive further growth in the second half of fiscal '26. Q: Could you elaborate on the $100 million contract renewal in the tech vertical and its impact on ACV and AI Studio? A: Sonalee Parekh, CFO, noted that the renewal was the largest deal in Asana's history, with a $100 million TCV over three years. Although there was a modest ACV downgrade, the deal provides greater visibility into fiscal years '27 and '28. AI Studio is not yet factored into this renewal, presenting potential upside. Q: How does AI Studio compare to other AI agents in the market, and what are the prospects for large-scale adoption? A: Dustin Moskovitz highlighted that Asana's AI Studio is more successful because it integrates AI into existing workflows, allowing for partial automation and collaboration with human teams. This approach contrasts with standalone agents that require complete workflow automation. While large-scale adoption is still developing, Asana is optimistic about future growth, especially with the introduction of AI mates. Q: What are the macroeconomic pressures affecting enterprise and mid-market segments, and how is Asana addressing them? A: Anne Raimondi, COO, mentioned early signs of budget pressures, workforce reductions, and tool consolidation in the enterprise and Americas regions. Asana is mitigating these challenges through customer success management, flexible pricing, and AI Studio, which enhances business workflows and adoption. Q: How is Asana planning to manage potential revenue slowdowns due to macroeconomic uncertainties? A: Sonalee Parekh stated that the lower end of Asana's revenue guidance reflects potential macroeconomic pressures. The company is prepared to leverage cost efficiencies and productivity improvements to maintain profitability, with a focus on optimizing marketing spend, vendor rationalization, and workforce geographic mix. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
03-06-2025
- Business
- Yahoo
Asana's (NYSE:ASAN) Q1: Beats On Revenue
Work management software maker Asana (NYSE: ASAN) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 8.6% year on year to $187.3 million. Guidance for next quarter's revenue was better than expected at $193 million at the midpoint, 0.5% above analysts' estimates. Its non-GAAP profit of $0.05 per share was significantly above analysts' consensus estimates. Is now the time to buy Asana? Find out in our full research report. Revenue: $187.3 million vs analyst estimates of $185.5 million (8.6% year-on-year growth, 0.9% beat) Adjusted EPS: $0.05 vs analyst estimates of $0.02 (significant beat) Adjusted Operating Income: $8.14 million vs analyst estimates of $2.70 million (4.3% margin, significant beat) The company reconfirmed its revenue guidance for the full year of $782.5 million at the midpoint Management raised its full-year Adjusted EPS guidance to $0.22 at the midpoint, a 12.8% increase Operating Margin: -23.4%, up from -38.4% in the same quarter last year Free Cash Flow Margin: 2.1%, down from 6.6% in the previous quarter Net Revenue Retention Rate: 95% Market Capitalization: $4.33 billion Founded in 2008 by Facebook's co-founder Dustin Moskovitz, Asana (NYSE:ASAN) is a cloud-based project management software, where you can plan and assign tasks to employees and monitor and discuss progress of work. A company's long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Thankfully, Asana's 20.5% annualized revenue growth over the last three years was decent. Its growth was slightly above the average software company and shows its offerings resonate with customers. This quarter, Asana reported year-on-year revenue growth of 8.6%, and its $187.3 million of revenue exceeded Wall Street's estimates by 0.9%. Company management is currently guiding for a 7.7% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 8% over the next 12 months, a deceleration versus the last three years. This projection is underwhelming and indicates its products and services will face some demand challenges. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. This quarter, Asana reported 24,297 enterprise customers paying more than $5,000 annually, We were glad to see Asana raise its full-year EPS guidance and beat analysts' revenue, EPS, and adjusted operating income expectations. Overall, we think this was still a solid quarter with some key areas of upside. The market seemed to be hoping for more, and the stock traded down 1.8% to $18.63 immediately after reporting. Is Asana an attractive investment opportunity right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
