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Asana, Inc. (ASAN) 10-Year Financial Performance & Capital Metrics

ASAN • • Industrial / General
TechnologyApplication SoftwareHuman Capital ManagementWorkforce Management
AboutAsana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.Show more
  • Revenue $724M +10.9%
  • EBITDA -$249M +2.5%
  • Net Income -$256M +0.6%
  • EPS (Diluted) -1.11 +5.1%
  • Gross Margin 89.34% -0.9%
  • EBITDA Margin -34.42% +12.1%
  • Operating Margin -36.85% +10.9%
  • Net Margin -35.3% +10.4%
  • ROE -92.26% -22.6%
  • ROIC -58.94% +31.7%
  • Debt/Equity 1.18 +38.6%
  • Interest Coverage -72.42 -6.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 38.4%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 11.6x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y38.39%
3Y24.13%
TTM9.47%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM14.29%

EPS CAGR

10Y-
5Y-
3Y-
TTM16.96%

ROCE

10Y Avg-56.67%
5Y Avg-52.32%
3Y Avg-56.7%
Latest-49.84%

Peer Comparison

Workforce Management
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AGYSAgilysys, Inc.3.21B114.62139.7816.07%8.12%8.21%1.63%0.18
QHQuhuo Limited925.29K0.9414.38-17.71%0.08%0.52%0.26
RYDERyde Group Ltd.33.67M0.31-0.353.27%-136.6%-8.23%0.03
UPLDUpland Software, Inc.43.91M1.52-0.36-7.74%-18.43%-64.63%53.19%2.78
ASANAsana, Inc.1.81B11.51-10.3710.94%-28.32%-116.32%0.52%1.18
TEAMAtlassian Corporation21.59B128.45-131.0719.66%-3.38%-13.4%6.56%0.92

Profit & Loss

Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Sales/Revenue+76.77M142.61M227M378.44M547.21M652.5M723.88M
Revenue Growth %-0.86%0.59%0.67%0.45%0.19%0.11%
Cost of Goods Sold+13.83M19.88M28.74M38.9M56.56M64.52M77.19M
COGS % of Revenue0.18%0.14%0.13%0.1%0.1%0.1%0.11%
Gross Profit+62.94M122.72M198.26M339.54M490.65M587.98M646.68M
Gross Margin %0.82%0.86%0.87%0.9%0.9%0.9%0.89%
Gross Profit Growth %-0.95%0.62%0.71%0.45%0.2%0.1%
Operating Expenses+114.95M242.36M373.83M604.72M898.48M857.98M913.42M
OpEx % of Revenue1.5%1.7%1.65%1.6%1.64%1.31%1.26%
Selling, General & Admin72.37M152.68M252.69M401.6M601.27M533.29M571.95M
SG&A % of Revenue0.94%1.07%1.11%1.06%1.1%0.82%0.79%
Research & Development42.59M89.67M121.14M203.12M297.21M324.69M341.47M
R&D % of Revenue0.55%0.63%0.53%0.54%0.54%0.5%0.47%
Other Operating Expenses-177K-390K-30K-1.09M-1.78M00
Operating Income+-52.01M-119.63M-175.57M-265.18M-407.83M-270M-266.74M
Operating Margin %-0.68%-0.84%-0.77%-0.7%-0.75%-0.41%-0.37%
Operating Income Growth %--1.3%-0.47%-0.51%-0.54%0.34%0.01%
EBITDA+-47.78M-117.4M-155.69M-256.72M-395.16M-255.65M-249.19M
EBITDA Margin %-0.62%-0.82%-0.69%-0.68%-0.72%-0.39%-0.34%
EBITDA Growth %--1.46%-0.33%-0.65%-0.54%0.35%0.03%
D&A (Non-Cash Add-back)4.23M2.23M19.88M8.46M12.67M14.34M17.54M
EBIT-50.9M-118.27M-174M-266.72M-400.89M-249.37M-247.09M
Net Interest Income+1.11M1.68M-35.22M-17.88M5.91M17.18M16.17M
Interest Income1.11M1.75M956K506K7.91M21.13M19.85M
Interest Expense078K36.18M18.39M2M3.95M3.68M
Other Income/Expense1.11M1.29M-34.61M-19.92M4.93M16.67M15.96M
Pretax Income+-50.9M-118.34M-210.18M-285.11M-402.89M-253.32M-250.77M
Pretax Margin %-0.66%-0.83%-0.93%-0.75%-0.74%-0.39%-0.35%
Income Tax+28K245K1.53M3.24M4.88M3.71M4.76M
Effective Tax Rate %1%1%1.01%1.01%1.01%1.01%1.02%
Net Income+-50.93M-118.59M-211.71M-288.34M-407.77M-257.03M-255.54M
Net Margin %-0.66%-0.83%-0.93%-0.76%-0.75%-0.39%-0.35%
Net Income Growth %--1.33%-0.79%-0.36%-0.41%0.37%0.01%
Net Income (Continuing)-50.93M-118.59M-211.71M-288.34M-407.77M-257.03M-255.54M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.34-0.75-1.31-1.63-2.04-1.17-1.11
EPS Growth %--1.21%-0.75%-0.24%-0.25%0.43%0.05%
EPS (Basic)-0.34-0.75-1.31-1.63-2.04-1.17-1.11
Diluted Shares Outstanding149.59M158.7M161.48M176.4M200.03M220.41M229.47M
Basic Shares Outstanding149.59M158.7M161.48M176.4M200.03M220.41M229.47M
Dividend Payout Ratio-------

Balance Sheet

Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Total Current Assets+103.16M380.63M445.76M411.39M660.39M659.72M600.74M
Cash & Short-Term Investments87.97M351.31M386.27M312.03M529.3M519.46M466.88M
Cash Only23.78M306.02M259.88M240.4M526.56M236.66M184.73M
Short-Term Investments64.19M45.29M126.4M71.63M2.74M282.8M282.16M
Accounts Receivable5.59M12.66M32.19M59.09M82.36M88.33M87.57M
Days Sales Outstanding26.632.451.7656.9954.9449.4144.15
Inventory8.26M000000
Days Inventory Outstanding217.89------
Other Current Assets2.13M6.19M10.6M17.31M23.59M26.9M28.85M
Total Non-Current Assets+10.59M41.06M285.36M295.64M294.57M302.24M290.67M
Property, Plant & Equipment4.1M30.92M257.36M273.71M271.17M278.27M262.38M
Fixed Asset Turnover18.73x4.61x0.88x1.38x2.02x2.34x2.76x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments2.8M4.66M19.13M2.76M000
Other Non-Current Assets3.69M5.48M8.87M19.17M23.4M23.97M28.29M
Total Assets+113.75M421.69M731.12M707.03M954.96M961.96M891.41M
Asset Turnover0.67x0.34x0.31x0.54x0.57x0.68x0.81x
Asset Growth %-2.71%0.73%-0.03%0.35%0.01%-0.07%
Total Current Liabilities+43.49M100.13M163.48M255.19M332.32M367.21M415.82M
Accounts Payable3.65M7.55M9.6M11.56M7.55M6.91M9.92M
Days Payables Outstanding96.24138.59121.9108.4548.7539.0746.92
Short-Term Debt00012.57M005.3M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities5.59M14.76M31.01M31.44M61.15M22.82M17.75M
Current Ratio2.37x3.80x2.73x1.61x1.99x1.80x1.44x
Quick Ratio2.18x3.80x2.73x1.61x1.99x1.80x1.44x
Cash Conversion Cycle148.25------
Total Non-Current Liabilities+251.26M466.88M580.43M248.01M266.07M268.35M248.07M
Long-Term Debt0203.1M380.67M34.61M46.7M43.62M39.29M
Capital Lease Obligations010.47M196.8M208.42M210.01M215.08M201.73M
Deferred Tax Liabilities0-1.4M-2M-4.1M000
Other Non-Current Liabilities251.26M253.31M2.96M4.97M2.21M3.73M5.05M
Total Liabilities294.76M567.01M743.91M503.19M598.39M635.56M663.89M
Total Debt+0225.18M585.86M255.61M271.54M277.88M268.39M
Net Debt-23.78M-80.84M325.98M15.2M-255.02M41.22M83.66M
Debt / Equity---1.25x0.76x0.85x1.18x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage--1533.73x-4.85x-14.42x-203.91x-68.32x-72.42x
Total Equity+-181.01M-145.31M-12.79M203.84M356.57M326.4M227.52M
Equity Growth %-0.2%0.91%16.94%0.75%-0.08%-0.3%
Book Value per Share-1.21-0.92-0.081.161.781.480.99
Total Shareholders' Equity-181.01M-145.31M-12.79M203.84M356.57M326.4M227.52M
Common Stock1K1K2K2K2K2K2K
Retained Earnings-211.15M-329.74M-541.45M-829.79M-1.24B-1.49B-1.83B
Treasury Stock-30.21M66.06M00000
Accumulated OCI-80K-102K39K-626K-873K-236K-3.85M
Minority Interest0000000

Cash Flow

Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Cash from Operations+-30.18M-40.14M-92.87M-83.78M-160.06M-17.93M14.93M
Operating CF Margin %-0.39%-0.28%-0.41%-0.22%-0.29%-0.03%0.02%
Operating CF Growth %--0.33%-1.31%0.1%-0.91%0.89%1.83%
Net Income-50.93M-118.59M-211.71M-288.34M-407.77M-257.03M-255.54M
Depreciation & Amortization4.23M2.23M3.49M8.46M12.67M14.34M17.54M
Stock-Based Compensation8.55M48.39M34.23M104.53M188.96M202.42M211.27M
Deferred Taxes-690K-246K1.32M0000
Other Non-Cash Items322K9.91M56.52M45.59M32.71M44.94M48.46M
Working Capital Changes8.34M18.17M23.29M45.97M13.37M-22.61M-6.81M
Change in Receivables-3.43M-7.72M-20.46M-26.99M-25.18M-9.53M-4.66M
Change in Inventory-3.69M-9.78M4.85M0000
Change in Payables362K3.47M-2.88M7.26M-4.39M-569K4.44M
Cash from Investing+-44.66M12.65M-158.94M27.56M64.49M-289.13M-6.13M
Capital Expenditures-3.41M-7.26M-58.31M-42.72M-7.16M-7.72M-5.57M
CapEx % of Revenue0.04%0.05%0.26%0.11%0.01%0.01%0.01%
Acquisitions-------
Investments-------
Other Investing-557K-384K-950K-1.13M-1.81M-5.44M-6.71M
Cash from Financing+55.29M311.6M201M37.21M381.39M16.78M-58.09M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing4.3M11.67M20.5M29.92M22.89M19.9M22.76M
Net Change in Cash-------
Free Cash Flow+-33.59M-47.4M-151.18M-126.5M-167.22M-31.09M9.36M
FCF Margin %-0.44%-0.33%-0.67%-0.33%-0.31%-0.05%0.01%
FCF Growth %--0.41%-2.19%0.16%-0.32%0.81%1.3%
FCF per Share-0.22-0.30-0.94-0.72-0.84-0.140.04
FCF Conversion (FCF/Net Income)0.59x0.34x0.44x0.29x0.39x0.07x-0.06x
Interest Paid0080K833K1.66M3.61M5.94M
Taxes Paid0150K275K1.46M4.33M3.35M4.25M

Key Ratios

Metric2019202020212022202320242025
Return on Equity (ROE)----301.85%-145.52%-75.27%-92.26%
Return on Invested Capital (ROIC)---302.57%-74.74%-190.81%-86.32%-58.94%
Gross Margin81.98%86.06%87.34%89.72%89.66%90.11%89.34%
Net Margin-66.34%-83.16%-93.26%-76.19%-74.52%-39.39%-35.3%
Debt / Equity---1.25x0.76x0.85x1.18x
Interest Coverage--1533.73x-4.85x-14.42x-203.91x-68.32x-72.42x
FCF Conversion0.59x0.34x0.44x0.29x0.39x0.07x-0.06x
Revenue Growth-85.76%59.18%66.71%44.6%19.24%10.94%

Revenue by Geography

20212022202320242025
UNITED STATES131.53M219.31M330.24M398.03M435.77M
UNITED STATES Growth-66.73%50.58%20.53%9.48%
Non-US95.47M159.13M216.97M254.47M288.1M
Non-US Growth-66.68%36.35%17.28%13.22%

Frequently Asked Questions

Growth & Financials

Asana, Inc. (ASAN) reported $773.6M in revenue for fiscal year 2025. This represents a 908% increase from $76.8M in 2019.

Asana, Inc. (ASAN) grew revenue by 10.9% over the past year. This is steady growth.

Asana, Inc. (ASAN) reported a net loss of $219.1M for fiscal year 2025.

Dividend & Returns

Asana, Inc. (ASAN) has a return on equity (ROE) of -92.3%. Negative ROE indicates the company is unprofitable.

Asana, Inc. (ASAN) generated $72.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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