Last 25 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -6.40 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.28 | 4.15 | 4.40 | 5.06 | 6.55 | 3.73 | 4.66 | 4.89 | 5.71 | 6.15 | 8.18 | 5.74 | 5.52 |
| — | +11.5% | -5.6% | +3.4% | +14.8% | -39.4% | -43.0% | -14.8% | +3.3% | -17.5% | +19.4% | -45.4% | -74.8% | |
| P/B Ratio | 7.16 | 17.74 | 15.44 | 16.04 | 21.70 | 11.46 | 11.45 | 10.56 | 11.97 | 12.33 | 15.91 | 10.06 | 9.31 |
| — | +54.8% | +34.8% | +52.0% | +81.3% | -7.1% | -28.0% | +4.9% | +28.6% | +15.5% | -60.4% | -69.1% | -80.7% | |
| P/FCF | 176.73 | 53.88 | 22.50 | 237.21 | 86.02 | — | 65.50 | — | — | — | 91.02 | — | — |
| — | — | -65.7% | — | — | — | -28.0% | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Asana, Inc.'s operating margin was -19.5% in Q3 2026, up 5.6 pp QoQ and up 13.2 pp YoY. The trailing four-quarter average of -25.5% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.3% | 88.9% | 89.7% | 89.7% | 89.6% | 89.2% | 88.8% | 89.7% | 89.8% | 90.4% | 90.0% | 90.3% | 89.9% |
| — | -0.4% | +1.0% | +0.1% | -0.3% | -1.2% | -1.3% | -0.6% | -0.0% | +1.2% | +0.2% | +0.6% | +0.2% | |
| Operating Margin | -36.8% | -19.5% | -25.1% | -23.4% | -33.8% | -32.7% | -42.9% | -38.4% | -39.7% | -38.1% | -45.2% | -42.8% | -66.0% |
| — | +40.3% | +41.4% | +38.9% | +15.0% | +14.1% | +5.1% | +10.4% | +39.9% | +46.7% | +45.2% | +46.3% | +15.1% | |
| Net Margin | -35.3% | -34.0% | -24.6% | -21.4% | -33.1% | -31.2% | -40.3% | -37.0% | -36.5% | -37.1% | -44.0% | -40.3% | -63.3% |
| — | -9.2% | +39.0% | +42.2% | +9.3% | +15.9% | +8.4% | +8.4% | +42.4% | +48.0% | +47.5% | +50.8% | +21.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -92.3% | -33.1% | -21.0% | -17.3% | -26.7% | -21.6% | -23.6% | -19.7% | -18.9% | -18.5% | -20.9% | -17.4% | -25.3% |
| — | -53.6% | +11.1% | +12.5% | -40.9% | -16.5% | -12.7% | -13.0% | +25.1% | +55.3% | +77.0% | +68.3% | +36.6% | |
| ROA | -27.6% | -7.9% | -5.5% | -4.5% | -7.1% | -6.3% | -7.5% | -6.6% | -6.5% | -6.5% | -7.4% | -6.3% | -10.0% |
| — | -26.0% | +26.8% | +31.1% | -8.0% | +2.8% | -2.0% | -3.6% | +34.4% | +48.8% | +56.7% | +55.2% | +21.1% | |
| ROIC | -58.9% | -10.6% | -12.4% | -10.7% | -15.2% | -13.6% | -15.9% | -13.4% | -14.3% | -17.2% | -23.9% | -27.4% | -60.6% |
| — | +22.3% | +22.4% | +19.7% | -6.5% | +21.1% | +33.2% | +51.2% | +76.5% | +61.7% | +42.0% | +18.0% | -108.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 6.5% YoY to 1.40x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 1.35 | 1.15 | 1.10 | 1.18 | 1.15 | 0.94 | 0.87 | 0.85 | 0.85 | 0.85 | 0.83 | 0.76 |
| — | +18.3% | +21.7% | +26.8% | +38.6% | +34.6% | +10.6% | +3.9% | +11.8% | +30.2% | -68.5% | -48.9% | -39.3% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.44 | 1.40 | 1.41 | 1.47 | 1.44 | 1.49 | 1.63 | 1.66 | 1.80 | 1.88 | 1.89 | 1.90 | 1.99 |
| — | -6.5% | -13.4% | -11.1% | -19.6% | -20.6% | -14.0% | -12.6% | -9.6% | -11.1% | +64.3% | +38.3% | +23.3% | |
| Quick Ratio | 1.44 | 1.40 | 1.41 | 1.47 | 1.44 | 1.49 | 1.63 | 1.66 | 1.80 | 1.88 | 1.89 | 1.90 | 1.99 |
| — | -6.5% | -13.4% | -11.1% | -19.6% | -20.6% | -14.0% | -12.6% | -9.6% | -11.1% | +64.3% | +38.3% | +23.3% | |
| Interest Coverage | -72.42 | -51.20 | -62.05 | -55.50 | -74.63 | -64.43 | -80.42 | -70.24 | -67.61 | -62.67 | -75.81 | -67.47 | -113.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 25 years · Updated daily
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Start ComparisonAsana, Inc.'s current P/E is -6.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Asana, Inc.'s current operating margin is -36.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Asana, Inc.'s business trajectory between earnings reports.