Asana CEO Dustin Moskovitz Announces Retirement, Stock Drops 25%

Moskovitz, who co-founded Asana in 2008, will transition to board chair as the company provides weaker-than-expected revenue guidance for fiscal 2026.

• Dustin Moskovitz, co-founder and CEO of Asana, has announced his intention to retire from his executive role after nearly 17 years at the company.
• Moskovitz will remain as board chair and plans to focus on product vision, strategic guidance, and philanthropic efforts with Good Ventures and Open Philanthropy.
• Asana's fiscal 2026 revenue guidance of $782-$790 million falls below analyst expectations of $803.6 million, contributing to investor concerns.
• The company reported a 10% year-over-year increase in fourth-quarter sales to $188.3 million, meeting analyst estimates, with adjusted earnings per share breaking even.
• Asana's stock price plunged over 25% following the announcement of Moskovitz's departure and the weaker revenue outlook.

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