Asana has announced that its CEO and Cofounder, Duskin Moskovitz, is retiring from his current position and will transition to the role of Chair once a new CEO is appointed.
Asana states that Moskovitz will remain CEO until a successor is in place and plans to retain his shareholdings. The company adds that it has hired an executive search business to begin the search for the work management business’s next chief exec.
“As I reflect on my journey since co-founding Asana nearly 17 years ago, I’m filled with immense gratitude,” Moskovitz said.
Creating and leading Asana has been more than just building a company—it’s been a profound privilege to work alongside some of the most talented minds in the industry to build a platform that is trusted by over 85 percent of Fortune 500 companies today.”
Moskovitz co-founded Facebook (now Meta) in February 2004, serving as its first CTO and VP of Engineering until November 2008. He then co-founded Asana with Justin Rosenstein and has been CEO since October 2010.
Under his leadership, Asana’s enterprise work management solution has grown to serve over 150,000 customers and millions of users across nearly 200 countries, generating over $700 million in annual revenue. The company has also expanded its global presence, with teams across 13 offices worldwide.
Moskovitz suggests that one of his motivations for transitioning to the position of Chair is to help shape the company’s AI ambitions. Asana is building its long-term strategy significantly around AI’s potential to revolutionise work management. It has recently released solutions such as AI Teammates and AI Studio to integrate AI-powered features across its platform to bolster productivity and collaboration.
“Asana has grown into a multi-product company at the forefront of AI innovation that is transforming how work gets done,” Moskovitz added. “I know that Asana is positioned for long-term success and am confident that an experienced leader well-matched to the company’s stage and potential will build on Asana’s strong track record of innovation, including the recent launch of AI Studio, which I believe will usher in a new era of growth and profitability.”
“In my role as Chair, I’ll focus on what I do best—contributing to product vision, strategic guidance, and helping navigate the AI landscape that’s reshaping our industry. I’m looking forward to this more focused contribution while stepping away from the day-to-day operational demands that a CEO must prioritise.”
Asana Also Announces Latest Earnings
Asana’s stock price fell by 27 percent after news of Moskovitz’s retirement broke but has since steadied.
Meanwhile, the business reported its latest earnings this week. Revenue for Q4 FY25 reached $188.3 million, up 10 percent year over year, with an adjusted figure of $189.1 million accounting for currency shifts. Gross margin held firm at 90 percent, while operating efficiency improved—shrinking the loss margin to just 1 percent.
The company posted a modest net loss of $438,000 but generated $12.3 million in free cash flow. Key customer growth was solid, with $100,000 clients up 20 percent. Looking ahead, 2026 revenue is forecasted to grow 8-9 percent, with a profitability target of 5 percent.
