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Asana, Inc.

ASAN Technology Software Application

Asana, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $790.8 million, up 9.25% from fiscal 2025.

Revenue
+9.90%
EPS
+15.0%
Free cash flow
+390.7%

Quarter to July 2026, against a year earlier

11.16 0.48 −4.12%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
−23.4×
Dividend yield
—
F-score
5/9
Altman Z
−1.16
Beneish M
−3.91
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 26.49
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 5 — — 7 — — 7 — 1 4 2 —
Insider Ownership 61.43%

Capital & Financial Ratios $m

Size
Market Cap 2,560.00
Revenue ttm 828.13
Net income ttm 71.00
Free cash flow ttm 245.57
Net debt Q (340.69)
Valuation
P/E 0.00
Forward P/E (23.40) (negative: loss-making)
Price / sales 3.11
Forward P/S Powerpack
Price / FCF 10.49
Price / book 24.69 (above 6: high)
Financial health
Current ratio Q 0.92 (below 1: weak)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (63.91)
Growth
Revenue growth Q +9.90% (above 0%: growing)
Operating income growth Q +16.66% (above 0%: growing)
EPS, this year +38.14% (at or above 15%: strong)
EPS, next year A +21.92% (at or above 15%: strong)
Revenue, next year A +8.95%
EPS, past 5 yrs —
EPS, next 5 yrs A +27.91% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 5.7×; over the ten years it ranged from 1.4× in 2026 to 77.8× in 2021.
P/S against its own 10 years 12.25%
10-year low 10-year high
P/B against its own 10 years 74.71%
10-year low 10-year high
EV/Sales against its own 10 years 12.38%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 519 467 434 341
Receivables 88 88 110 79
Inventory — — — —
Other — — — —
660 601 593 472
2024 2025 2026 Q'26
Payables 7 10 19 15
ST’ Debt — — — —
Other — — — —
367 416 501 513

Compound Annual Growth %

10y 5y 3y
Sales — 28.35% 13.06%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (24.39%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 0.09 Actual 0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.06 0.07 Beat by 0.01
Q4 FY26 0.07 0.08 Beat by 0.01
Q1 FY27 0.08 0.10 Beat by 0.02
Q2 FY27 0.09 0.10 Beat by 0.01
Q3 FY27 0.08 — Reports 1 December 2026

EPS $

Apr Jul Oct Jan Year
’26 (0.06) (0.17) — — —
’26 (0.17) (0.20) (0.29) (0.14) (0.80)
’25 (0.28) (0.31) (0.25) (0.27) (1.11)
’24 (0.28) (0.33) (0.28) (0.28) (1.17)
’23 (0.52) (0.59) (0.49) (0.44) (2.04)
’22 (0.37) (0.40) (0.37) (0.48) (1.63)
’21 (0.47) (0.54) (0.65) (0.39) (1.99)
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 205 216 — — —
’26 187 197 201 206 791
’25 172 179 184 188 724
’24 152 162 167 171 653
’23 121 135 141 150 547
’22 77 89 100 112 378
’21 48 52 59 68 227
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 40 46 — — —
’26 7 40 16 28 90
’25 (2) 16 (15) 16 15
’24 (15) 20 (8) (15) (18)
’23 (41) (42) (46) (31) (160)
’22 (7) (9) (28) (39) (84)
’21 (18) (22) (34) (18) (93)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 34 174 — — —
’26 4 35 13 24 77
’25 (4) 13 (18) 12 3
’24 (17) 15 (11) (17) (31)
’23 (42) (42) (49) (34) (167)
’22 (25) (21) (39) (41) (127)
’21 (21) (33) (57) (39) (151)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — — 77 143 227 378 547 653 724 791 828 +39.5% 862 929 1,011 +8.5%
Gross margin, % — — 81.98 86.06 87.34 89.72 89.66 90.11 89.34 89.03 87.56 +7.1 pt
EBT — — (51) (118) (210) (285) (403) (253) (251) (184) (151) +20.2%
EBT margin, % — — (66.30) (82.99) (92.59) (75.34) (73.63) (38.82) (34.64) (23.29) (18.27) +43.0 pt
Net income — 0 0 (119) (212) (288) (408) (257) (256) (189) 71 n/m
Per share, $
Per share, $ Revenue — — 1.18 2.03 2.13 2.15 2.74 2.96 3.15 3.34 3.59 +16.1%
Earnings — — (0.78) (1.69) (1.99) (1.63) (2.04) (1.17) (1.11) (0.80) (0.66) +0.3%
Cash flow — — (0.46) (0.57) (0.87) (0.47) (0.80) (0.08) 0.07 0.38 0.56 n/m
Capex — — (0.05) (0.10) (0.55) (0.24) (0.04) (0.06) (0.05) (0.06) 0.50 +1.1%
Free cash flow — — (0.51) (0.67) (1.42) (0.72) (0.84) (0.14) 0.01 0.33 1.06 n/m
Book value — — 0.00 1.50 (0.12) 1.16 1.78 1.48 0.99 0.65 0.45 n/m
Shares, m — — 65 70 106 176 200 220 229 237 236 +20.2%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — 0.00 0.00 24.88 24.46 5.67 5.88 6.76 2.97 3.11 8.8
P/B — — 0.00 0.00 0.00 45.42 8.70 11.76 21.52 15.23 24.69 12.8
EV/Sales — — 0.00 0.00 24.85 23.73 4.78 5.16 6.17 2.46 2.74 8.4
EV/FCF — — (16.55) (16.55) (37.56) (70.99) (15.66) (108.18) 1,690.96 25.31 9.25 181.3
Cash, $m
Cash, $m Operating cash flow — — (30) (40) (93) (84) (160) (18) 15 90 130 n/m
Capex — — (3) (7) (58) (43) (7) (13) (12) (13) 116 +21.6%
Free cash flow — — (34) (47) (151) (127) (167) (31) 3 77 246 n/m
Balance, $m
Balance, $m Working capital — — 59 281 282 156 328 293 185 92 (41) +6.6%
Net debt — — (88) (148) (6) (277) (483) (476) (428) (434) (341) +25.6%
Shareholders’ equity — — — 105 (13) 204 357 326 228 154 104 +6.6%
Returns, %
Returns, % ROA — — 0.00 (56.24) (36.73) (40.10) (49.07) (26.82) (27.58) (21.78) (18.62) (21.8) pt
ROIC — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — 31.21 72.68 267.81 (301.85) (145.52) (75.27) (92.26) (99.06) (105.40) (130.3) pt
People
People Employees — — 910 — 1,080 1,666 1,782 1,840 1,819 1,767 — +9.9%
Revenue/emp, $m — — 0.00 0.00 0.21 0.23 0.31 0.35 0.40 0.45 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Asana, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SPSC SPS Commerce, Inc. $2.9B 36.4× 35.4× +4.08% (above 0%: growing) +27.57% (above 0%: growing) +7.23% (above 0%: growing) 71.11% 20.20% Compare
VERX Vertex, Inc. $2.9B 511× 71.3× +11.02% (above 0%: growing) n/m +76.75% (above 0%: growing) 65.74% 0.15% Compare
BULL Webull Corporation $2.6B 48.5× — +51.21% (above 0%: growing) n/m −454,633.33% (below 0%: shrinking) 77.70% 22.86% Compare
ASAN Asana, Inc. $2.6B — (loss-making) — (loss-making) +9.90% (above 0%: growing) n/m +390.69% (above 0%: growing) 85.99% (19.05%)
BLKB Blackbaud, Inc. $2.5B 17.0× 15.3× +4.09% (above 0%: growing) +4.07% (above 0%: growing) +2.26% (above 0%: growing) 60.75% 20.49% Compare
NCNO nCino Inc. $2.5B 74.8× 72.0× +8.19% (above 0%: growing) n/m +170.13% (above 0%: growing) 62.59% 8.46% Compare
KC Kingsoft Cloud Holdings Limited Sponsored ADR $2.5B — (loss-making) — (loss-making) +38.06% (above 0%: growing) n/m +43.68% (above 0%: growing) 15.18% 0.75% Compare
GRND Grindr Inc. $2.4B 26.9× 25.0× +32.54% (above 0%: growing) +25.00% (above 0%: growing) +3.61% (above 0%: growing) 74.98% 23.53% Compare
PLUS ePlus inc. $2.2B 17.9× 19.1× +0.99% (above 0%: growing) −27.78% (below 0%: shrinking) +175.78% (above 0%: growing) 23.31% 5.98% Compare
Median of peers $2.5B 36.4× 30.2× +9.61% +14.54% +25.46% 64.17% 14.33%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 20 April 2026

Ownership

Directors and executive officers, together 84.60% of the votes
Dustin Moskovitz 74.20% of the votes
Justin Rosenstein 10.00% of the votes
The Vanguard Group less than 1% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Asana, Inc. (ASAN) Latest News

26 Oct

Impact 4 · · Schaeffer's Investment Research

23 Oct

Impact 4 · · Simply Wall St.

12 Oct

Impact 3 · · StockStory

29 Sep

Impact 3 · · TIKR
Impact 3 · · InvestorsHub

28 Sep

Impact 4 · · Business Wire

24 Sep

Impact 3 · · Simply Wall St.

21 Sep

Impact 4 · · MarketBeat

16 Sep

Impact 4 ·

9 Sep

Impact 4 · · The Motley Fool transcript

4 Sep

Impact 5 ·
Impact 4 · · Moby transcript
Impact 4 · transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 · · cfodive.com
Impact 3 · · InvestorsHub

3 Sep

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·

1 Sep

Impact 4 ·

11 Aug

Impact 3 ·

9 Jul

Impact 3 ·

8 Jul

Impact 3 ·
Impact 3 · · The Motley Fool

7 Jul

Impact 3 ·

24 Jun

Impact 3 · · Business Wire

ASAN metrics, ten years each

stockrow.com/ASAN · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com