Asana, Inc. ASAN

9.02 (0.14) (1.53%) as of 25 Sep
Market cap
$2.1B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 58.46
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 4 — 5 — — 7 — — 7 — 1 3
Insider Ownership 61.29%

Capital & Financial Ratios

Market Cap 2,060.00
Revenue 828.13
Net Income 71.00
Free Cash Flow 245.57
Net Debt (340.69)
Current Ratio 0.92
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 2.51
P/B ratio 19.96
Past 5Y EPS Growth (8.31%)
This Y EPS Growth 38.14%
Next Y EPS Growth 21.92%
Next 5Y EPS Growth 27.91%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield 1.22%
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

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
in millions of $

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%)

Revenue

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
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

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)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

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)
in millions of $ · fiscal quarters ending in the months shown

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

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
— — — 20.57 25.41 12.29 11.32 11.05 11.58 5.38

Analyst estimates 2027–2029

Powerpack
Low Price
— — — 32.51 145.79 76.93 26.27 27.77 24.50 13.87
High Price
— — 910 — 1,080 1,666 1,782 1,840 1,819 1,767
Employees
— — 0 0 0 0 0 0 0 0
Revenue/Emp
— — 77 143 227 378 547 653 724 791
Revenue
— — 81.98% 86.06% 87.34% 89.72% 89.66% 90.11% 89.34% 89.03%
Gross Margin
— — (51) (118) (210) (285) (403) (253) (251) (184)
EBT
— — (66.30%) (82.99%) (92.59%) (75.34%) (73.63%) (38.82%) (34.64%) (23.29%)
EBT Margin
— 0 0 (119) (212) (288) (408) (257) (256) (189)
Net Income
— — 5 4 30 28 28 36 44 50
Depreciation
— — 1.18 2.03 2.13 2.15 2.74 2.96 3.15 3.34
Revenue/Sh
— — (0.78) (1.69) (1.99) (1.63) (2.04) (1.17) (1.11) (0.80)
Earnings/Sh
— — (0.46) (0.57) (0.87) (0.47) (0.80) (0.08) 0.07 0.38
Cash Flow/Sh
— — (0.05) (0.10) (0.55) (0.24) (0.04) (0.06) (0.05) (0.06)
Capex/Sh
— — (0.51) (0.67) (1.42) (0.72) (0.84) (0.14) 0.01 0.33
Free CF/Sh
— — 0.00 1.50 (0.12) 1.16 1.78 1.48 0.99 0.65
Book Value/Sh
— — 65 70 106 176 200 220 229 237
Shares
— — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — 0.00 0.00 24.88 24.46 5.67 5.88 6.76 2.97
PS Ratio
— — 0.00 0.00 0.00 45.42 8.70 11.76 21.52 15.23
PB Ratio
— — 0.00 0.00 24.85 23.73 4.78 5.16 6.17 2.46
EV/Sales
— — (16.55) (16.55) (37.56) (70.99) (15.66) (108.18) 1,690.96 25.31
EV/FCF
— — (30) (40) (93) (84) (160) (18) 15 90
Op' Cash Flow
— — (3) (7) (58) (43) (7) (13) (12) (13)
Capex
— — (34) (47) (151) (127) (167) (31) 3 77
FCF
— — 59 281 282 156 328 293 185 92
Working Cap'
— — — 203 381 35 47 44 39 —
Total Debt
— — (88) (148) (6) (277) (483) (476) (428) (434)
Net Debt
— — 0 105 (13) 204 357 326 228 154
Sh' Equity
— — 0.00% (56.24%) (36.73%) (40.10%) (49.07%) (26.82%) (27.58%) (21.78%)
ROA
— — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — 31.21% 72.68% 267.81% (301.85%) (145.52%) (75.27%) (92.26%) (99.06%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Asana, Inc. peers in Software Application

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DBD Diebold Nixdorf, Incorporated $2.1B 20.2× Compare
BLKB Blackbaud, Inc. $2.0B 13.3× Compare
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Asana, Inc. (ASAN) key facts

  • Asana, Inc. (ASAN) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
  • Asana, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $790.8 million, up 9.25% from fiscal 2025.
  • Asana, Inc. reported a net loss of $189.0 million, or a loss of $0.80 per share, for fiscal 2026.
  • As of September 25, 2026, ASAN traded at $9.02, a market capitalization of $2.1 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 2.5× sales.
  • Return on equity was −99.1% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Asana, Inc. (ASAN) Latest News

News by impact score

Fine-tune

24 Sep

3

ASAN trades around US$9.16 after a choppy spell, with a stronger three-month rebound but a longer downward trend: 1-year total return -34.5%, 5-year -91.2%. A fair-value view sits near US$9.27, implying only about a 1% undervaluation and that sentiment on growth prospects will drive the stock. Product updates—AI Studio Plus self-serve, Smart Workflow Gallery, and new add-ons for compliance, permissions, time sheets, and budgeting—are aimed at higher retention, lower churn, and higher lifetime value. Revenue is improving as losses shrink, but the risk remains that pricing pressure from larger platforms or continued AI/compliance spend could keep profitability out of reach. The report flags three rewards and three warnings as investors weigh the risk/reward. Near-fair-value valuation with modest upside constrained by profitability timing and competitive pricing risk.

21 Sep

4

Asana unveiled Agentic Work Management (AWM), unifying its work-management platform with AI Studio and AI Teammates into a single core experience and shifting toward seats plus AI consumption. It acquired StackAI to enable cross-workflow orchestration and will roll out agentic apps including Command by Asana, Asana Service Management, and Asana Client Management using the Work Graph. AI adoption is boosting retention and ARR: large customers’ four-quarter net retention rose to 98% from 96%, and 25% of customers spending at least $100,000 annually now use an AI product. AI accounted for 25% of net-new ARR in Q2, prompting management to raise the full-year AI target to 20%. Despite continued AI investment and PLG headwinds in the sub-$5,000 segment, Asana raised its operating-margin outlook to 10% and plans to expand agentic offerings and StackAI while pursuing consumption-based revenue growth. Agentic Work Management and AI-driven consumption growth could meaningfully accelerate retention, ARR growth, and margins for Asana.

16 Sep

4

Asana posted 10% YoY revenue growth in Q2 as CEO Dan Rogers outlined the company's AI strategy. CEO's AI strategy comments after revenue growth point to major product and competitive shifts ahead.

9 Sep

4 transcript

Asana Inc. released its Q2 2027 earnings call transcript covering financial results and business outlook. Earnings transcripts deliver financial results and guidance that move stock prices and shape outlook.

4 Sep

5

Asana's AI-driven growth alongside rising infrastructure costs may transform company operations and market position. AI growth paired with infrastructure cost increases is positioned to fundamentally redefine Asana's competitive position and long-term prospects.

4 transcript

Asana reports Q2 2027 earnings including revenue, net loss, customer growth, and forward guidance during its earnings call. Quarterly earnings call delivers key financial metrics and outlook that directly influence investor sentiment and valuation.

4 transcript

Asana's Q2 2027 earnings call highlights AI products driving 25% of net new ARR. AI products generating 25% of net new ARR signals major product innovation likely to boost revenue trajectory and investor outlook.

3

Asana reached a 10% Non-GAAP operating margin, prompting questions on whether agentic products can restore expansion. Margin milestone shows operational gains yet leaves future growth dependent on uncertain product impact.

3

Asana Q2 results highlight AI product expansions as key growth driver offset by customer retention difficulties and product-led growth headwinds. AI expansions support growth potential while retention and PLG issues introduce offsetting operational constraints on Asana's performance.

3

Asana beat earnings expectations, raising questions on whether the stock remains overvalued. Earnings beat signals stronger financial performance that may shift investor views on Asana's valuation.

3

Asana is adjusting its AI pricing model, resulting in near-term revenue pressure. AI pricing adjustments at Asana are expected to create short-term revenue challenges affecting financial performance.

3

Asana shares fell 10.9% after Q2 earnings beat as Q3 outlook disappointed investors. Q2 beat with weak Q3 outlook drove 10.9% share drop indicating moderate short-term market reaction without fundamental trajectory shift.

3 Sep

4

Asana shares dropped sharply after the company issued a weak outlook for third-quarter earnings. Weak third-quarter earnings outlook triggers immediate share price decline and signals material near-term pressure on Asana's financial trajectory.

3 transcript

Asana Inc. held its Q2 earnings call, detailing financial results, operational updates, and forward guidance for the period. Q2 earnings metrics and guidance directly inform near-term revenue outlook and investor positioning for Asana.

3

Asana, Inc. exceeded Q2 earnings and revenue estimates. Quarterly earnings beat signals positive results but does not signal fundamental changes to operations or positioning.

3

Asana beat Q2 CY2026 expectations yet its stock fell 13.7%. Earnings beat paired with sharp stock drop points to moderate investor concerns on outlook.

3

Asana, Inc. announced its second quarter fiscal 2027 financial results. Quarterly earnings results directly shape near-term views of Asana's financial performance and stock valuation.

1 Sep

4

Asana, Inc. (ASAN) is scheduled to release Q2 earnings with focus on revenue growth, EPS, and updated guidance that may shift investor views on the company's trajectory. Upcoming quarterly results and guidance typically drive major stock moves and valuation resets for Asana.

11 Aug

3

Asana (ASAN) stock may trade 42% below fair value driven by its AI work management platform narrative. AI narrative around work management tools can lift investor sentiment and support stock re-rating.

9 Jul

3

Asana (ASAN) may be 23% undervalued as margin gains gain focus. Valuation note on 23% undervaluation tied to margin gains indicates moderate influence on investor views of financial outlook.

8 Jul

3

Analysts' renewed profitability outlook for Asana may shift market views on its AI workflow automation strategy and growth trajectory. Shifted analyst profitability views can influence near-term investor sentiment and valuation for Asana without altering core operations.

3

Reasons exist against buying Asana stock despite its recent price decline. Negative take on Asana dip may weigh on short-term investor sentiment and share price.

7 Jul

3

Asana (ASAN) shares rise sharply on unspecified positive developments. Stock gains point to moderate short-term sentiment shift without evidence of major operational changes.

24 Jun

3

Asana secures FedRAMP Moderate Authorization for Asana Gov, enabling US federal agencies to adopt its work management platform under compliant security standards. FedRAMP authorization expands Asana's addressable market to federal contracts with moderate revenue upside.

18 Jun

3

Asana faced Q1 pressures from slowing customer growth, heightened competition in work management software, and macroeconomic uncertainty that weighed on enterprise spending, resulting in softer billings and guidance that triggered a negative market reaction. Q1 pressures on growth and guidance point to moderate near-term effects on Asana’s financial trajectory without indicating structural change.

4 Jun

4

Asana launches operating system for human-agent teams to integrate AI agents with human workflows. New operating system launch marks major product innovation likely to strengthen Asana's competitive position in AI work management.

3

Asana's Q1 earnings call included analyst questions that highlighted company performance details and strategic outlook. Q1 earnings call details can moderately shift near-term investor sentiment on Asana operations.

2 Jun

4

Asana expands AI adoption resulting in 17% stock price surge. AI expansion marks major strategic move likely to significantly alter company trajectory and investor sentiment.

29 May

4

Asana struggles from AI boom effects but shifts strategy to integrate human workers with AI agents for future operations and growth. Asana's pivot to human-AI agent collaboration represents a major strategic move that could significantly alter its competitive trajectory.

3

Asana (ASAN) shares soar today. Share price surge signals short-term positive market sentiment without altering long-term fundamentals.

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