What move does the options market price into Asana's report?

Implied ±14.6%, either direction.

How often does Asana move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

ASANNYSEServices-Prepackaged Software

Asana, Inc. (ASAN) earnings date, market-implied expected move, and options open interest by expiry

11.64

+0.49 · +4.39%

post 11.52 −1.03%

After hours17:58 ETdelayed

Open11.79Volume3.8MMkt cap$2.6BEPS-0.66

Day11.41 – 11.8724%52-wk5.38 – 15.2862%

ASAN

Asana, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.6%implied · report alone

8Q avg ±16.1%·×0.90·fair

9.9913.41

straddle ±18.9%

spot 11.70exp Dec 18ATM strike 11ATM straddle 2.60IV 81%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Dec 1

after close · in 27 days

est.Q3 FY27

Calendar

Next report

Last report

−12.69%

vs ±17.6% implied · ×0.72

shaded = implied · ▲▼ = realized

Sep 3 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+12.59%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

261 managers

Top fund weight

0.02%

ASAN weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Asana (ASAN) is expected to report on Dec 1 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±15.3%
avg realized: ±16.1%

Dec 5 '24Dec 5 '24confirmed±13.7%▲+43.53%×3.17

Mar 10 '25Mar 10 '25confirmed±18.5%▼−24.22%×1.31

Jun 3 '25Jun 3 '25confirmed±13.8%▼−20.47%×1.49

Sep 3 '25Sep 3 '25confirmed±14.3%▲+2.81%×0.20

Q3 FY26Dec 2 '25confirmed±12.5%▲+7.77%×0.62

Mar 2 '26Mar 2 '26confirmed±16.3%▲+1.92%×0.12

Q1 FY27May 28 '26confirmed±16.0%▲+15.62%×0.98

Q2 FY27Sep 3 '26confirmed±17.6%▼−12.69%×0.72

quarterimplied−45%0+45%realized×

Q2 FY27±17.6%▼−12.69%×0.72

Q1 FY27±16.0%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.35OI · 4 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4,1270%Nov 2016d0.765,4090%0.76

report · Dec 1 · after close · est.

3,487+1%Dec 1844d9,956+1%

9,1530%Jan 1572d0.5915,399−1%0.59

4930%Feb 19107d0.519740%0.51

ExpiryPutsCallsP/C

Nov 2016d4,1270%5,4090%0.76

report · Dec 1 · after close · est.

Dec 1844d3,487+1%9,956+1%0.35

Jan 1572d9,1530%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±18.9%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

−18.11%as filednet margin · revenue +5.53% QoQ · +9.90% YoY

Revenue$216M+5.53%

Gross profit$186M85.99%+3.57%

Operating income−$41M−19.05%−170.47%

Pre-tax income−$40M−207.61%

Net income−$39M−18.11%−172.05%

Cost of revenue$30M+19.32%

Operating expenses$227M+16.62%

Tax−$757,000−153.35%

Other income$1M−43.52%

Source: SEC filings · standardized · QE Jul 31 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:45 ET

Intraday

Event sensitivity

NFP ×1.57· ±4.5% vs ±2.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.5%4 of 10×1.57

PPIproducer prices±3.8%3 of 10×1.31

CPIconsumer prices±3.2%3 of 10×1.12

CPROFcorporate profits±2.9%5 of 12×1.02

FOMCrate decision±2.5%11 of 24×0.88

GDPgross domestic product±2.5%8 of 19×0.86

PCEpersonal income & outlays±1.9%9 of 19×0.66

Bar = avg |move| to ±5% · tick = ±2.9% avg day · ×base = |move| ÷ ±2.9% · min 6 releases

Earnings history

EPS -0.17 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Sep 3 '26 · confirmed	-0.17	—
Q1 FY27	May 28 '26 · confirmed	-0.06	—
Q3 FY26	Dec 2 '25 · confirmed	-0.29	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod