What is Asana's operating income?

Asana's total operating income in 2026 was -$197.33 million, based on the following breakdown: Total Gross Profit: $704.05 million Total Operating Expenses: $901.38 million

Asana (ASAN) Financials

$7.43 +0.04 (+0.54%)

Closing price 06/15/2026 03:59 PM Eastern

Extended Trading

$7.37 -0.06 (-0.82%)

As of 08:19 AM Eastern

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Annual Income Statements for Asana

This table shows Asana's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-51	-119	-212	-288	-408	-257	-256	-189
Consolidated Net Income / (Loss)	-51	-119	-212	-288	-408	-257	-256	-189
Net Income / (Loss) Continuing Operations	-51	-119	-212	-288	-408	-257	-256	-189
Total Pre-Tax Income	-51	-118	-210	-285	-403	-253	-251	-184
Total Operating Income	-52	-120	-176	-265	-408	-270	-267	-197
Total Gross Profit	63	123	198	340	491	588	647	704
Total Revenue	77	143	227	378	547	653	724	791
Operating Revenue	77	143	227	378	547	653	724	791
Total Cost of Revenue	14	20	29	39	57	65	77	87
Operating Cost of Revenue	14	20	29	39	57	65	77	87
Total Operating Expenses	115	242	374	605	898	858	913	901
Selling, General & Admin Expense	20	47	76	119	166	141	152	193
Marketing Expense	52	106	176	283	435	392	420	407
Research & Development Expense	43	90	121	203	297	325	341	301
Total Other Income / (Expense), net	1.11	1.29	-35	-20	4.93	17	16	13
Interest Expense	0.00	0.08	36	18	2.00	3.95	3.68	3.15
Other Income / (Expense), net	-	1.37	1.57	-1.54	6.93	21	20	16
Income Tax Expense	0.03	0.25	1.53	3.24	4.88	3.71	4.77	4.86
Basic Earnings per Share	($0.78)	($1.69)	($1.99)	($1.63)	($2.04)	($1.17)	($1.11)	($0.80)
Weighted Average Basic Shares Outstanding	65.21M	70.34M	106.34M	176.40M	200.03M	220.41M	229.47M	236.82M
Diluted Earnings per Share	($0.78)	($1.69)	($1.99)	($1.63)	($2.04)	($1.17)	($1.11)	($0.80)
Weighted Average Diluted Shares Outstanding	65.21M	70.34M	106.34M	176.40M	200.03M	220.41M	229.47M	236.82M
Weighted Average Basic & Diluted Shares Outstanding	65.21M	70.34M	106.34M	189.16M	214.39M	224.81M	233.08M	238.09M

This table shows Asana's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-62	-62	-64	-72	-57	-62	-40	-48	-68	-32	-14
Consolidated Net Income / (Loss)	-62	-62	-64	-72	-57	-62	-40	-48	-68	-32	-14
Net Income / (Loss) Continuing Operations	-62	-62	-64	-72	-57	-62	-40	-48	-68	-32	-14
Total Pre-Tax Income	-61	-62	-63	-71	-56	-61	-39	-47	-67	-31	-13
Total Operating Income	-63	-68	-66	-77	-60	-64	-44	-49	-70	-34	-15
Total Gross Profit	150	154	155	159	164	169	168	177	179	181	180
Total Revenue	167	171	172	179	184	188	187	197	201	206	205
Operating Revenue	167	171	172	179	184	188	187	197	201	206	205
Total Cost of Revenue	16	17	18	20	20	20	19	20	22	25	25
Operating Cost of Revenue	16	17	18	20	20	20	19	20	22	25	25
Total Operating Expenses	214	222	221	236	224	232	212	226	249	215	195
Selling, General & Admin Expense	34	35	34	36	36	46	37	40	75	41	36
Marketing Expense	98	104	104	109	105	102	100	107	100	100	92
Research & Development Expense	81	83	83	91	83	84	75	79	74	73	66
Total Other Income / (Expense), net	2.47	6.31	3.42	5.81	4.02	2.73	5.04	2.51	2.84	2.77	2.25
Interest Expense	1.01	1.01	0.94	0.96	0.93	0.85	0.79	0.80	0.77	0.79	0.65
Other Income / (Expense), net	3.48	7.31	4.36	6.76	4.95	3.58	5.83	3.31	3.61	3.57	2.90
Income Tax Expense	0.80	0.76	0.97	1.20	1.16	1.44	1.15	1.41	1.29	1.00	1.42
Basic Earnings per Share	($0.28)	($0.28)	($0.28)	($0.31)	($0.25)	($0.27)	($0.17)	($0.20)	($0.29)	($0.14)	($0.06)
Weighted Average Basic Shares Outstanding	221.78M	220.41M	227.07M	229.76M	229.62M	229.47M	234.86M	236.22M	237.79M	236.82M	238.16M
Diluted Earnings per Share	($0.28)	($0.28)	($0.28)	($0.31)	($0.25)	($0.27)	($0.17)	($0.20)	($0.29)	($0.14)	($0.06)
Weighted Average Diluted Shares Outstanding	221.78M	220.41M	227.07M	229.76M	229.62M	229.47M	234.86M	236.22M	237.79M	236.82M	238.16M
Weighted Average Basic & Diluted Shares Outstanding	222.53M	224.81M	228.10M	228.16M	228.72M	233.08M	235.32M	236.25M	237.10M	238.09M	230.51M

This table details how cash moves in and out of Asana's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Change in Cash & Equivalents	-20	284	-51	-19	286	-290	-52	15
Net Cash From Operating Activities	-30	-40	-93	-84	-160	-18	15	90
Net Cash From Continuing Operating Activities	-30	-40	-93	-84	-160	-18	15	90
Net Income / (Loss) Continuing Operations	-51	-119	-212	-288	-408	-257	-256	-189
Consolidated Net Income / (Loss)	-51	-119	-212	-288	-408	-257	-256	-189
Depreciation Expense	4.23	2.23	3.49	8.46	13	14	18	22
Amortization Expense	-0.50	0.64	27	20	15	19	21	26
Non-Cash Adjustments To Reconcile Net Income	8.68	50	73	138	193	210	219	243
Changes in Operating Assets and Liabilities, net	8.34	26	16	38	27	-3.74	13	-11
Net Cash From Investing Activities	-45	13	-159	28	64	-289	-6.13	37
Net Cash From Continuing Investing Activities	-45	13	-159	28	64	-289	-6.13	37
Purchase of Property, Plant & Equipment	-3.41	-7.26	-58	-43	-7.16	-13	-12	-13
Purchase of Investments	-103	-78	-192	-62	-72	-319	-234	-179
Sale and/or Maturity of Investments	62	98	91	133	144	43	241	230
Net Cash From Financing Activities	55	312	201	37	381	17	-58	-118
Net Cash From Continuing Financing Activities	55	312	201	37	381	17	-58	-118
Repayment of Debt	-	0.00	0.00	-1.67	-38	-3.13	-2.50	-3.75
Repurchase of Common Equity	-0.01	-0.08	-0.03	-0.04	-0.01	0.00	-78	-132
Issuance of Common Equity	-	0.00	0.00	13	364	15	14	13
Other Financing Activities, net	4.30	12	20	17	5.77	4.83	9.10	5.02
Effect of Exchange Rate Changes	0.00	-0.02	0.00	-0.46	0.34	0.39	-2.50	5.79
Cash Interest Paid	-	0.00	0.08	0.83	1.66	3.61	5.94	2.88
Cash Income Taxes Paid	-	0.15	0.28	1.46	4.33	3.35	4.25	5.03

This table details how cash moves in and out of Asana's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Change in Cash & Equivalents	-145	-32	-15	-2.19	-23	-12	9.22	-9.41	-0.79	16	-5.90
Net Cash From Operating Activities	-8.23	-15	-1.90	16	-15	16	6.76	40	16	28	40
Net Cash From Continuing Operating Activities	-8.23	-15	-1.90	16	-15	16	6.76	40	16	28	40
Net Income / (Loss) Continuing Operations	-62	-62	-64	-72	-57	-62	-40	-48	-68	-32	-14
Consolidated Net Income / (Loss)	-62	-62	-64	-72	-57	-62	-40	-48	-68	-32	-14
Depreciation Expense	3.53	3.94	4.01	4.28	4.44	4.81	4.96	5.15	5.81	6.12	6.05
Amortization Expense	5.06	4.21	6.12	6.44	2.08	5.89	6.72	6.57	8.35	4.95	6.61
Non-Cash Adjustments To Reconcile Net Income	54	50	47	58	56	59	48	61	83	50	35
Changes in Operating Assets and Liabilities, net	-9.22	-12	5.09	19	-20	8.85	-13	15	-12	-1.47	6.62
Net Cash From Investing Activities	-141	-19	-21	0.06	42	-26	4.18	-19	9.28	43	-3.42
Net Cash From Continuing Investing Activities	-141	-19	-21	0.06	42	-26	4.18	-19	9.28	43	-3.42
Purchase of Property, Plant & Equipment	-3.23	-1.62	-2.38	-3.10	-3.29	-3.52	-2.77	-4.45	-2.74	-3.41	-5.89
Purchase of Investments	-145	-35	-70	-37	-60	-68	-34	-70	-57	-18	-50
Sale and/or Maturity of Investments	7.51	18	52	40	104	45	41	56	69	64	53
Net Cash From Financing Activities	6.67	0.36	9.95	-19	-49	0.11	-5.52	-31	-26	-56	-42
Net Cash From Continuing Financing Activities	6.67	0.36	9.95	-19	-49	0.11	-5.52	-31	-26	-56	-42
Repayment of Debt	-0.63	-0.63	-	-1.25	-0.63	-0.63	0.00	-	-1.25	-	-2.50
Repurchase of Common Equity	-	-	0.00	-	-55	-4.49	-15	-29	-31	-58	-45
Issuance of Common Equity	6.51	-	8.87	-	4.80	-	7.75	-	5.27	-	4.87
Other Financing Activities, net	0.78	0.98	1.08	1.04	1.75	5.22	1.26	0.82	0.76	2.19	0.69
Effect of Exchange Rate Changes	-3.08	2.26	-1.30	1.12	-0.47	-1.85	3.80	0.23	-0.24	1.99	-0.80
Cash Income Taxes Paid	0.68	0.25	0.87	1.71	1.19	0.48	0.88	0.38	1.65	2.12	2.01

This table presents Asana's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Total Assets	422	731	707	955	962	891	844
Total Current Assets	381	446	411	660	660	601	593
Cash & Equivalents	306	260	240	527	237	185	200
Restricted Cash	-	-	-	-	0.00	0.14	0.42
Short-Term Investments	45	126	72	2.74	283	282	234
Accounts Receivable	13	32	59	82	88	88	110
Prepaid Expenses	17	27	40	49	52	46	49
Plant, Property, & Equipment, net	10	74	100	95	97	96	88
Total Noncurrent Assets	26	211	196	200	206	195	162
Other Noncurrent Operating Assets	26	192	193	200	206	195	162
Total Liabilities & Shareholders' Equity	422	731	707	955	962	891	844
Total Liabilities	316	744	503	598	636	664	690
Total Current Liabilities	100	163	255	332	367	416	501
Accounts Payable	7.55	9.60	12	7.55	6.91	9.92	19
Accrued Expenses	18	42	61	83	76	83	124
Current Deferred Revenue	63	104	170	226	265	301	334
Other Current Liabilities	12	8.39	13	15	19	22	25
Total Noncurrent Liabilities	216	580	248	266	268	248	189
Noncurrent Deferred Revenue	-	-	4.08	7.16	5.92	2.01	0.22
Other Noncurrent Operating Liabilities	13	200	209	212	219	207	189
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-145	-13	204	357	326	228	154
Total Preferred & Common Equity	-145	-13	204	357	326	228	154
Total Common Equity	-145	-13	204	357	326	228	154
Common Stock	185	529	1,034	1,595	1,821	2,060	2,300
Retained Earnings	-330	-541	-830	-1,238	-1,495	-1,828	-2,150
Accumulated Other Comprehensive Income / (Loss)	-0.10	0.04	-0.63	-0.87	-0.24	-3.85	4.21

This table presents Asana's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027
Period end date	10/31/2022	4/30/2023	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025	10/31/2025	4/30/2026
Total Assets	953	984	956	948	978	945	874	877	883	840	806
Total Current Assets	656	671	651	644	674	640	571	588	599	587	550
Cash & Equivalents	509	382	414	268	222	219	197	194	184	183	194
Restricted Cash	-	-	-	-	-	0.46	0.32	0.29	0.53	0.41	0.70
Short-Term Investments	36	141	124	262	302	302	259	277	291	280	231
Accounts Receivable	59	99	66	68	100	65	67	68	69	72	73
Prepaid Expenses	51	48	47	46	50	53	49	49	54	51	52
Plant, Property, & Equipment, net	95	97	98	98	97	96	97	95	96	88	89
Total Noncurrent Assets	203	217	207	205	207	209	206	194	188	165	166
Other Noncurrent Operating Assets	203	217	207	205	207	209	206	194	188	165	166
Total Liabilities & Shareholders' Equity	953	984	956	948	978	945	874	877	883	840	806
Total Liabilities	558	636	622	616	658	653	635	641	659	652	669
Total Current Liabilities	310	353	344	343	394	393	383	399	424	421	480
Accounts Payable	8.12	8.87	5.19	9.99	13	14	13	7.94	16	13	25
Accrued Expenses	75	70	67	66	68	73	69	78	71	78	106
Current Deferred Revenue	212	258	255	250	292	286	280	289	313	305	323
Other Current Liabilities	15	17	16	18	20	21	22	24	24	25	26
Total Noncurrent Liabilities	248	283	278	273	265	260	252	241	235	231	189
Noncurrent Deferred Revenue	2.64	6.22	6.23	5.77	4.88	3.68	2.58	1.30	1.11	0.53	0.19
Other Noncurrent Operating Liabilities	215	231	227	222	217	215	209	202	197	195	189
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	395	348	334	332	320	292	239	236	225	188	137
Total Preferred & Common Equity	395	348	334	332	320	292	239	236	225	188	137
Total Common Equity	395	348	334	332	320	292	239	236	225	188	137
Common Stock	1,540	1,647	1,706	1,768	1,881	1,943	2,003	2,118	2,184	2,246	2,343
Retained Earnings	-1,143	-1,299	-1,370	-1,432	-1,558	-1,650	-1,763	-1,884	-1,960	-2,059	-2,209
Accumulated Other Comprehensive Income / (Loss)	-2.70	-0.32	-1.32	-3.28	-2.47	-0.78	-0.98	1.96	1.26	1.83	2.66

This table displays calculated financial ratios and metrics derived from Asana's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	237,100,001.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	237,100,001.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.80
Growth Metrics	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-36	-84	-123	-186	-285	-189	-187	-138
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-70.79%	-51.08%	-69.98%	-89.63%
Earnings before Interest and Taxes (EBIT)	-52	-118	-174	-267	-401	-249	-247	-181
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-48	-115	-144	-238	-373	-216	-209	-133
Valuation Ratios	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-36	-133	-147	-236	-166	-136	-58
Efficiency Ratios	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	-48	-38	-76	-126	-149	-200	-280
Increase / (Decrease) in Invested Capital	0.00	-48	10	-39	-50	-23	-51	-80
Book Value per Share	$0.00	($2.07)	($0.08)	$1.09	$1.68	$1.47	$0.99	$0.65
Tangible Book Value per Share	$0.00	($2.07)	($0.08)	$1.09	$1.68	$1.47	$0.99	$0.65
Total Capital	0.00	308	368	238	403	370	267	154
Total Debt	0.00	203	381	35	47	44	39	0.00
Total Long-Term Debt	0.00	203	381	35	47	44	39	0.00
Net Debt	0.00	-148	-25	-280	-483	-476	-428	-434
Capital Expenditures (CapEx)	3.41	7.26	58	43	7.16	13	12	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-71	-104	-156	-201	-227	-282	-342
Debt-free Net Working Capital (DFNWC)	0.00	281	282	156	328	293	185	92
Net Working Capital (NWC)	0.00	281	282	156	328	293	185	92
Net Nonoperating Expense (NNE)	15	35	89	103	122	68	69	51
Net Nonoperating Obligations (NNO)	0.00	-153	-25	-280	-483	-476	-428	-434
Total Depreciation and Amortization (D&A)	3.73	2.87	30	29	28	33	38	48
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.99)	($1.63)	($2.04)	($1.17)	($1.11)	($0.80)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	163.05M	176.40M	200.03M	220.41M	229.47M	236.82M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.99)	($1.63)	($2.04)	($1.17)	($1.11)	($0.80)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	163.05M	176.40M	200.03M	220.41M	229.47M	236.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($1.99)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	106.34M	189.16M	214.39M	224.81M	233.08M	238.09M
Normalized Net Operating Profit after Tax (NOPAT)	-36	-84	-123	-186	-285	-189	-187	-138
Debt Service Ratios	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Asana's official financial filings.

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	237,100,001.00	238,088,068.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	237,100,001.00	238,088,068.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.14	-0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.72%	13.91%	13.15%	10.31%	10.44%	10.05%	8.59%	9.89%	9.33%	-	9.52%
EBITDA Growth	44.60%	37.72%	-0.56%	2.91%	5.13%	6.05%	47.51%	45.23%	-28.91%	-	101.24%
EBIT Growth	39.95%	34.14%	-3.74%	-1.18%	7.86%	1.03%	38.40%	34.11%	-20.18%	-	67.60%
NOPAT Growth	37.27%	31.51%	-1.42%	-4.65%	5.11%	6.42%	33.65%	35.60%	-16.29%	-	65.29%
Net Income Growth	38.80%	34.34%	-3.67%	-1.09%	7.16%	0.16%	37.20%	33.01%	-19.38%	-	64.00%
EPS Growth	42.86%	36.36%	0.00%	6.06%	10.71%	3.57%	39.29%	35.48%	-16.00%	-	64.71%
Operating Cash Flow Growth	82.17%	50.68%	86.99%	-21.62%	-80.86%	203.38%	456.38%	151.20%	208.61%	-	494.97%
Free Cash Flow Firm Growth	46.64%	-22.21%	-45.94%	-167.45%	-64.41%	125.86%	129.14%	58.87%	178.35%	-	1,929.28%
Invested Capital Growth	-27.53%	-18.58%	-25.22%	-19.80%	-15.32%	-33.96%	-21.43%	-13.41%	-36.06%	-	-46.57%
Revenue Q/Q Growth	2.49%	2.78%	0.77%	3.92%	2.61%	2.42%	-0.57%	5.16%	2.08%	-	-0.23%
EBITDA Q/Q Growth	15.96%	-2.22%	1.54%	-14.79%	17.88%	-1.23%	44.99%	-26.95%	-51.65%	-	101.68%
EBIT Q/Q Growth	13.40%	-1.15%	-1.94%	-13.31%	21.14%	-8.65%	36.56%	-21.21%	-43.83%	-	59.44%
NOPAT Q/Q Growth	13.58%	-7.14%	2.62%	-16.06%	21.64%	-5.66%	30.96%	-12.65%	-41.51%	-	55.16%
Net Income Q/Q Growth	13.53%	-1.05%	-2.12%	-13.29%	20.59%	-8.67%	35.76%	-20.85%	-41.51%	-	55.28%
EPS Q/Q Growth	15.15%	0.00%	0.00%	-10.71%	19.35%	-8.00%	37.04%	-17.65%	-45.00%	-	57.14%
Operating Cash Flow Q/Q Growth	-140.69%	-86.29%	87.62%	935.51%	-193.90%	206.48%	-57.34%	488.93%	-59.40%	-	45.86%
Free Cash Flow Firm Q/Q Growth	-34.97%	-112.44%	43.31%	-64.53%	17.03%	133.41%	-36.11%	-332.21%	258.05%	-	43.66%
Invested Capital Q/Q Growth	3.02%	2.33%	-8.41%	-16.67%	6.65%	-13.46%	1.73%	-8.97%	-11.99%	-	-2.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	90.36%	89.84%	89.68%	88.85%	89.23%	89.59%	89.73%	89.73%	88.90%	-	87.61%
EBITDA Margin	-30.84%	-30.67%	-29.97%	-33.10%	-26.49%	-26.18%	-14.49%	-17.49%	-25.98%	-	0.16%
Operating Margin	-38.09%	-39.70%	-38.37%	-42.85%	-32.73%	-33.76%	-23.44%	-25.11%	-34.81%	-	-7.43%
EBIT Margin	-36.00%	-35.43%	-35.84%	-39.08%	-30.04%	-31.86%	-20.33%	-23.43%	-33.02%	-	-6.02%
Profit (Net Income) Margin	-37.09%	-36.46%	-36.95%	-40.28%	-31.18%	-33.08%	-21.37%	-24.56%	-34.04%	-	-7.02%
Tax Burden Percent	101.31%	101.23%	101.55%	101.69%	102.07%	102.36%	102.97%	103.01%	101.92%	-	110.93%
Interest Burden Percent	101.69%	101.66%	101.52%	101.36%	101.69%	101.42%	102.08%	101.73%	101.16%	-	105.26%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Equity (ROE)	-79.67%	-75.27%	-77.63%	-83.06%	-89.47%	-92.26%	-83.36%	-80.55%	-102.48%	-	-87.55%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Return on Assets (OROA)	-23.93%	-24.12%	-24.57%	-28.33%	-23.30%	-24.89%	-16.19%	-19.39%	-29.79%	-	-5.78%
Return on Assets (ROA)	-24.65%	-24.82%	-25.33%	-29.20%	-24.19%	-25.84%	-17.02%	-20.32%	-30.72%	-	-6.75%
Return on Common Equity (ROCE)	-79.67%	-75.27%	-77.63%	-83.06%	-89.47%	-92.26%	-83.36%	-80.55%	-102.48%	-	-87.55%
Return on Equity Simple (ROE_SIMPLE)	-87.20%	0.00%	-81.05%	-89.09%	-106.84%	0.00%	-98.11%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-44	-48	-46	-54	-42	-45	-31	-35	-49	-24	-11
NOPAT Margin	-26.66%	-27.79%	-26.86%	-30.00%	-22.91%	-23.63%	-16.41%	-17.58%	-24.37%	-	-5.20%
Net Nonoperating Expense Percent (NNEP)	-3.47%	-3.10%	-3.63%	-3.79%	-3.37%	-3.94%	-2.03%	-2.99%	-4.61%	-	-0.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-12.85%	-	-	-	-16.68%	-11.20%	-13.25%	-21.88%	-15.44%	-7.79%
Cost of Revenue to Revenue	9.64%	10.16%	10.32%	11.15%	10.77%	10.41%	10.27%	10.27%	11.10%	-	12.39%
SG&A Expenses to Revenue	20.72%	20.33%	19.54%	20.21%	19.72%	24.33%	19.75%	20.37%	37.14%	-	17.73%
R&D to Revenue	48.66%	48.48%	48.01%	50.86%	45.29%	44.73%	40.12%	40.31%	36.72%	-	32.22%
Operating Expenses to Revenue	128.45%	129.54%	128.05%	131.70%	121.96%	123.35%	113.18%	114.84%	123.72%	-	95.04%
Earnings before Interest and Taxes (EBIT)	-60	-61	-62	-70	-55	-60	-38	-46	-66	-30	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-51	-52	-52	-59	-49	-49	-27	-34	-52	-19	0.33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.22	11.88	10.45	11.37	11.39	21.45	15.92	15.38	17.62	-	10.98
Price to Tangible Book Value (P/TBV)	12.22	11.88	10.45	11.37	11.39	21.45	15.92	15.38	17.62	-	10.98
Price to Revenue (P/Rev)	6.42	5.94	4.97	4.81	3.86	6.74	5.09	4.57	4.29	-	1.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Revenue (EV/Rev)	5.66	5.21	4.25	4.12	3.27	6.15	4.51	3.99	3.74	-	1.33
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	298.37	141.13	63.40	36.77	-	8.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.13	0.13	0.14	0.17	0.17	0.16	0.16	0.19	-	0.00
Long-Term Debt to Equity	0.14	0.13	0.13	0.14	0.17	0.17	0.16	0.16	0.19	-	0.00
Financial Leverage	-1.38	-1.40	-1.44	-1.55	-1.58	-1.63	-1.65	-1.78	-1.97	-	-2.30
Leverage Ratio	2.61	2.81	2.94	3.04	3.19	3.35	3.34	3.54	4.01	-	4.51
Compound Leverage Factor	2.66	2.85	2.98	3.08	3.24	3.39	3.41	3.60	4.06	-	4.74
Debt to Total Capital	11.90%	11.79%	11.70%	12.35%	14.29%	14.73%	13.87%	14.09%	15.89%	-	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	11.90%	11.79%	11.70%	12.35%	14.29%	14.73%	13.87%	14.09%	15.89%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	88.10%	88.21%	88.30%	87.65%	85.71%	85.27%	86.13%	85.92%	84.11%	-	100.00%
Debt to EBITDA	-0.18	-0.20	-0.20	-0.19	-0.19	-0.19	-0.21	-0.24	-0.21	-	0.00
Net Debt to EBITDA	1.96	2.20	2.22	2.24	1.96	2.05	2.35	2.81	2.55	-	0.00
Long-Term Debt to EBITDA	-0.18	-0.20	-0.20	-0.19	-0.19	-0.19	-0.21	-0.24	-0.21	-	0.00
Debt to NOPAT	-0.21	-0.23	-0.22	-0.21	-0.21	-0.21	-0.22	-0.24	-0.22	-	0.00
Net Debt to NOPAT	2.30	2.52	2.54	2.50	2.19	2.29	2.53	2.89	2.70	-	0.00
Long-Term Debt to NOPAT	-0.21	-0.23	-0.22	-0.21	-0.21	-0.21	-0.22	-0.24	-0.22	-	0.00
Altman Z-Score	2.68	2.32	1.64	1.40	0.61	2.38	1.47	0.96	0.52	-	-1.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.88	1.80	1.71	1.63	1.49	1.44	1.47	1.41	1.40	-	1.15
Quick Ratio	1.74	1.66	1.59	1.49	1.36	1.33	1.35	1.28	1.27	-	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	-24	-14	-23	-19	6.24	3.99	-9.26	15	56	81
Operating Cash Flow to CapEx	-254.73%	-949.66%	-79.85%	511.88%	-452.45%	450.94%	244.28%	894.57%	589.57%	-	682.80%
Free Cash Flow to Firm to Interest Expense	-11.23	-24.03	-14.53	-23.58	-20.01	7.33	5.04	-11.62	19.09	-	124.73
Operating Cash Flow to Interest Expense	-8.14	-15.26	-2.01	16.61	-15.94	18.61	8.55	49.98	21.08	-	62.01
Operating Cash Flow Less CapEx to Interest Expense	-11.33	-16.87	-4.54	13.36	-19.47	14.48	5.05	44.39	17.51	-	52.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.68	0.69	0.72	0.78	0.78	0.80	0.83	0.90	-	0.96
Accounts Receivable Turnover	9.92	7.65	6.77	10.49	10.48	8.23	8.80	11.26	11.12	-	11.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	6.55	6.81	6.94	7.12	7.25	7.53	7.71	7.88	8.40	-	8.81
Accounts Payable Turnover	6.89	8.92	6.20	7.49	6.64	9.17	7.55	5.23	6.32	-	5.62
Days Sales Outstanding (DSO)	36.81	47.74	53.91	34.79	34.84	44.35	41.47	32.40	32.84	-	31.95
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	53.01	40.90	58.87	48.73	54.99	39.79	48.37	69.73	57.79	-	64.99
Cash Conversion Cycle (CCC)	-16.21	6.84	-4.95	-13.94	-20.15	4.56	-6.90	-37.33	-24.96	-	-33.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-153	-149	-162	-189	-176	-200	-197	-214	-240	-280	-288
Invested Capital Turnover	-4.63	-4.74	-4.62	-3.98	-4.29	-4.14	-4.12	-3.75	-3.71	-	-3.33
Increase / (Decrease) in Invested Capital	-33	-23	-33	-31	-23	-51	-35	-25	-64	-80	-92
Enterprise Value (EV)	3,572	3,401	2,861	2,838	2,309	4,453	3,329	3,016	2,891	-	1,079
Market Capitalization	4,057	3,877	3,343	3,319	2,724	4,881	3,762	3,455	3,319	-	1,505
Book Value per Share	$1.51	$1.47	$1.42	$1.28	$1.05	$0.99	$1.01	$0.95	$0.80	$0.65	$0.58
Tangible Book Value per Share	$1.51	$1.47	$1.42	$1.28	$1.05	$0.99	$1.01	$0.95	$0.80	$0.65	$0.58
Total Capital	377	370	362	333	279	267	274	261	224	154	137
Total Debt	45	44	42	41	40	39	38	37	36	0.00	0.00
Total Long-Term Debt	45	44	42	41	40	39	38	37	36	0.00	0.00
Net Debt	-485	-476	-482	-481	-416	-428	-433	-439	-428	-434	-425
Capital Expenditures (CapEx)	3.23	1.62	2.38	3.10	3.29	3.52	2.77	4.45	2.74	3.41	5.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-229	-227	-244	-275	-267	-282	-282	-301	-298	-342	-354
Debt-free Net Working Capital (DFNWC)	301	293	281	247	188	185	189	174	166	92	71
Net Working Capital (NWC)	301	293	281	247	188	185	189	174	166	92	71
Net Nonoperating Expense (NNE)	17	15	17	18	15	18	9.29	14	19	8.42	3.74
Net Nonoperating Obligations (NNO)	-485	-476	-482	-481	-416	-428	-433	-439	-428	-434	-425
Total Depreciation and Amortization (D&A)	8.59	8.15	10	11	6.52	11	11	12	14	11	13
Debt-free, Cash-free Net Working Capital to Revenue	-36.23%	-34.78%	-36.24%	-39.88%	-37.82%	-38.97%	-38.17%	-39.83%	-38.47%	-	-43.84%
Debt-free Net Working Capital to Revenue	47.69%	44.83%	41.72%	35.86%	26.65%	25.55%	25.60%	23.06%	21.52%	-	8.76%
Net Working Capital to Revenue	47.69%	44.83%	41.72%	35.86%	26.65%	25.55%	25.60%	23.06%	21.52%	-	8.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.28)	($0.28)	($0.28)	($0.31)	($0.25)	($0.27)	($0.17)	($0.20)	($0.29)	($0.14)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	221.78M	220.41M	227.07M	229.76M	229.62M	229.47M	234.86M	236.22M	237.79M	236.82M	238.16M
Adjusted Diluted Earnings per Share	($0.28)	($0.28)	($0.28)	($0.31)	($0.25)	($0.27)	($0.17)	($0.20)	($0.29)	($0.14)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	221.78M	220.41M	227.07M	229.76M	229.62M	229.47M	234.86M	236.22M	237.79M	236.82M	238.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	222.53M	224.81M	228.10M	228.16M	228.72M	233.08M	235.32M	236.25M	237.10M	238.09M	230.51M
Normalized Net Operating Profit after Tax (NOPAT)	-44	-48	-46	-54	-42	-45	-31	-35	-49	-24	-11
Normalized NOPAT Margin	-26.66%	-27.79%	-26.86%	-30.00%	-22.91%	-23.63%	-16.41%	-17.58%	-24.37%	-	-5.20%
Pre Tax Income Margin	-36.61%	-36.02%	-36.39%	-39.61%	-30.54%	-32.32%	-20.75%	-23.84%	-33.40%	-	-6.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-59.23	-60.33	-65.61	-73.34	-59.13	-70.44	-48.13	-57.90	-86.54	-	-19.01
NOPAT to Interest Expense	-43.87	-47.33	-49.17	-56.29	-45.10	-52.24	-38.85	-43.44	-63.87	-	-16.44
EBIT Less CapEx to Interest Expense	-62.42	-61.94	-68.14	-76.58	-62.66	-74.56	-51.63	-63.49	-90.12	-	-28.09
NOPAT Less CapEx to Interest Expense	-47.06	-48.93	-51.69	-59.54	-48.63	-56.37	-42.35	-49.02	-67.45	-	-25.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-7.31%	-28.90%	-30.66%	-40.06%	-49.39%	-35.90%	-	-99.54%

Financials Breakdown Chart

Key Financial Trends

Asana’s latest quarter shows a business that is still growing revenue, but profitability remains elusive and cash generation has become more mixed. In Q1 2027, revenue was essentially flat year over year at $205.1 million versus $205.6 million in the prior-year quarter, while net loss improved from $32.2 million to $14.4 million. That said, the company still posted an operating loss, and its balance sheet shows a notable shift toward lower cash and higher liabilities than a year ago.

Revenue remained resilient, rising only slightly year over year in the latest quarter, which suggests Asana is still maintaining its top line despite a challenging spending environment.
Gross profit was strong at $179.7 million in Q1 2027, reflecting a healthy gross margin profile for a software company.
Operating cash flow was positive at $40.2 million in Q1 2027, which indicates the core business is still generating cash before investing and financing activities.
The company ended Q1 2027 with $193.7 million in cash and equivalents plus $231.0 million in short-term investments, giving it meaningful liquidity.
Total equity improved to $137.0 million in Q1 2027 from $224.6 million in Q2 2026 and $239.3 million in Q3 2025, but the latest quarter still shows a positive equity position.
Other income has helped offset operating losses at times, with Q1 2027 posting $2.9 million in net other income.
Share count has generally trended down over the last year, suggesting some benefit from repurchases and dilution control, though the effect has not been enough to restore profitability.
Operating expenses remain heavy: in Q1 2027, total operating expenses of $194.9 million exceeded gross profit, producing an operating loss of $15.2 million.
Net income has been negative in every quarter shown, with Q1 2027 loss at $14.4 million and prior comparable quarters showing larger losses, including $32.2 million in Q4 2026 and $57.3 million in Q3 2026.
Cash and equivalents fell sharply from $382.2 million in Q1 2024 to $193.7 million in Q1 2027, while short-term investments also declined versus earlier periods, pointing to cash usage over time.
Total liabilities rose to $668.5 million in Q1 2027, up from $640.8 million in Q1 2026, keeping pressure on the balance sheet.
Current liabilities of $479.6 million exceeded current assets of $550.5 million only by a narrower cushion than earlier years, and the company’s working-capital profile has weakened versus the stronger cash positions seen in 2023 and early 2024.
Free cash flow appears pressured by continued investment spending, including capital expenditures and investment purchases, while financing activity has been supported by equity-related transactions and repurchases.

Longer-term trend: Asana has made progress in narrowing losses relative to the much deeper losses seen in 2023 and 2024, but the turnaround is incomplete. Revenue has grown from $120.6 million in Q1 2023 to $205.1 million in Q1 2027, showing strong multi-year expansion. However, operating losses persist, and the latest quarter suggests the company is still prioritizing growth and product investment over near-term profitability.

Bottom line: For retail investors, Asana looks like a company with solid revenue scale and respectable cash generation, but the stock’s investment case still depends on sustained growth and a clearer path to operating leverage. Until operating expenses come down meaningfully or revenue growth re-accelerates, profitability risk remains the key concern.

06/16/26 08:32 AM ETAI Generated. May Contain Errors.

Asana Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Asana's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Asana's net income appears to be on an upward trend, with a most recent value of -$189.02 million in 2026, rising from -$50.93 million in 2019. The previous period was -$255.54 million in 2025. Find out what analysts predict for Asana in the coming months.

Asana's total operating income in 2026 was -$197.33 million, based on the following breakdown:

Total Gross Profit: $704.05 million
Total Operating Expenses: $901.38 million

Over the last 7 years, Asana's total revenue changed from $76.77 million in 2019 to $790.81 million in 2026, a change of 930.1%.

Asana's total liabilities were at $689.97 million at the end of 2026, a 3.9% increase from 2025, and a 118.1% increase since 2020.

In the past 6 years, Asana's cash and equivalents has ranged from $184.73 million in 2025 to $526.56 million in 2023, and is currently $199.84 million as of their latest financial filing in 2026.

Over the last 7 years, Asana's book value per share changed from 0.00 in 2019 to 0.65 in 2026, a change of 65.0%.

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Financial statements for NYSE:ASAN last updated on 6/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Asana (ASAN) Financials

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