Asana
ASAN NYSE· Application Software
Last close · Oct 26, 2026
$12.01
KIRA · Stoqly’s AI analyst, in plain words
- Asana had $791M of revenue in fiscal 2026, up 9.3% on the year before. Over five years, revenue changed +28.4% a year on average.
- Its operating margin was −25.0%, up 11.9 pts: of every 100 in sales, about −25 is left after running the business.
- Asana lost $189M in fiscal 2026.
- Free cash flow was $86.6M in fiscal 2026, 11.0% of revenue.
- Asana returned $132M to shareholders in fiscal 2026, 153% of free cash flow. The diluted share count rose 3.2%.
Market cap
$2.8B
P/E
—
Revenue
$791M
Net income
−$189M
Free cash flow
$86.6M
Operating margin
−25.0%
Asana in 30 seconds · fiscal 2026
Are sales growing?
+9.3%
Yes. Sales grew 9.3% last year.
Does it make a profit?
−23.9%
No. It lost money last year.
Does profit turn into cash?
11.0%
Yes. 11.0% of sales ends up as free cash.
What Asana does
Asana sells subscription software, over the internet, that helps teams plan, track and coordinate their work. Users see who is doing what and by when, and link projects to company goals. Asana says its platform now lets people and AI agents work side by side, through products called AI Teammates and AI Studio. It also sells Asana Gov for government agencies and regulated industries. Its software connects with more than 300 other tools. It makes money from paid subscriptions to one work management product, sold in tiers (Personal, Starter, Advanced, Enterprise and Enterprise+) and priced per user. It had over 180,000 paying customers on January 31, 2026, and 817 of them spent $100,000 or more a year. Many customers start on a free plan or free trial. The company then grows its larger accounts through its own sales team and through resellers and other partners in more than 50 countries. The software runs on Amazon Web Services.
Biggest risks, in its own words
- A history of losses and no guarantee that it will become or stay profitable.
- Relying on a single software product, plus add-ons, for almost all of its revenue.
- Failing to turn free and trial users into paying customers and to win new ones.
- Strong competition, including the need to deploy AI in its products successfully.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- Asana, Inc.
- CIK
- 0001477720
Asana · ASAN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $378M | $547M | $653M | $724M | $791M |
| Revenue growth | 66.7% | 44.6% | 19.2% | 10.9% | 9.3% |
| Gross margin | 89.7% | 89.7% | 90.1% | 89.3% | 89.0% |
| Operating margin | −70.1% | −74.5% | −41.4% | −36.9% | −25.0% |
| Net income | −$288M | −$408M | −$257M | −$256M | −$189M |
| Net margin | −76.2% | −74.5% | −39.4% | −35.3% | −23.9% |
| Diluted EPS | −$1.63 | −$2.04 | −$1.17 | −$1.11 | −$0.80 |
| Cash | |||||
| Cash from operations | −$83.8M | −$160M | −$17.9M | $14.9M | $90.4M |
| Capital expenditure | $41.6M | $5.4M | $7.7M | $5.6M | $3.8M |
| Free cash flow | −$125M | −$165M | −$25.7M | $9.4M | $86.6M |
| FCF margin | −33.1% | −30.2% | −3.9% | 1.3% | 11.0% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $78.4M | $132M |
| Share count change | 65.9% | 13.4% | 10.2% | 4.1% | 3.2% |
| Debt and strength | |||||
| Cash and short-term investments | $312M | $529M | $237M | $185M | $200M |
| Shareholders' equity | $204M | $357M | $326M | $228M | $154M |
| Current ratio | 1.6x | 2.0x | 1.8x | 1.4x | 1.2x |
| Interest coverage | −14.4x | −203.9x | −68.3x | −72.4x | −62.7x |
| Returns and quality | |||||
| Return on equity | −301.9% | −145.5% | −75.3% | −92.3% | −99.1% |
| Altman Z'' | −4.5 | −4.2 | −4.4 | −7.0 | −8.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$26.5M
8 insiders
Of sales under plans
82%
$21.6M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Asana · ASAN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Asana ASAN | $2.8B | 9.3% | −25.0% | 11.0% | — | — | — |
| AppFolio APPF | $7.6B | 19.7% | 16.1% | 25.1% | 50.3% | 45.2x | 4 |
| GitLab GTLB | $9.6B | 25.8% | −7.4% | 23.2% | — | — | 4 |
| Manhattan Associates MANH | $13.9B | 3.8% | 25.9% | 34.6% | — | 67.9x | 6 |
| Strategy MSTR | $49.3B | 3.0% | −1,140.8% | −15.8% | −11.4% | — | 4 |
KIRA
At $12.01 a share, the company is worth $2.8B.
Asana grew sales faster than 2 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001477720). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.