ASANNYSEServices-Prepackaged SoftwareFiscal year ends January 31
Asana, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026
$10.15+0.29 (+2.94%)
Close on Oct 19, 2026
- Market cap
- $2.34B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2026
Gross margin
89.0%+1.7 pts over 5 years
Operating margin
-25.0%+52.4 pts over 5 years
Net margin
-23.9%+69.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.2% | +13.1% | +28.4% | – | |
| Gross profit | +8.9% | +12.8% | +28.8% | – | |
| Free cash flow | +825.3% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 267.8% | -99.1% | |
| Return on assets | – | -36.7% | -21.8% | |
| Current ratio | – | 2.73 | 1.18 | |
| Interest coverage | – | -4.9× | -62.7× | |
| Capex to revenue | – | 25.3% | 0.5% | |
| Diluted shares | – | 106M | 237M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Asana generated $367.06M from operations and spent $274.63M on capital expenditure, dividends and share buybacks. 23% of that went back into the business.
Generated
$367.06M
Used
$274.63M
Capital expenditure$64.02M23%Dividends$00%Share buybacks$210.61M77%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-23.9%
×Asset turnover0.91×
×Equity multiplier4.55×
=Return on equity, FY2026-99.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -23.9% | 0.91× | 4.55× | -99.1% |
| FY2025 | -35.3% | 0.78× | 3.35× | -92.3% |
| FY2024 | -39.4% | 0.68× | 2.81× | -75.3% |
| FY2023 | -74.5% | 0.66× | 2.97× | -145.5% |
| FY2022 | -76.2% | 0.53× | 7.53× | -301.8% |
| FY2021 | -93.3% | 0.39× | -7.29× | 267.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$189.02M
- Cash generatingOperating cash flow above zero$90.36M
- Return on assets improvedROA up on the prior year-26.6% → -21.2%
- Earnings backed by cashOperating cash flow above net income$90.36M vs -$189.02M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.44 → 1.18
- No dilutionShare count did not rise229M → 237M
- Gross margin improvedGross margin up on the prior year89.34% → 89.03%
- More efficientAsset turnover rose0.75 → 0.89