What is Asana Inc's earnings per share (EPS)?

Asana Inc (ASAN) reported diluted earnings per share of $-0.80 for fiscal year 2026. This represents a 27.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Asana Inc Financials

ASAN

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Asana Inc (ASAN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Mixed

-0.48x

For every $1 of reported earnings, Asana Inc generates $-0.48 in operating cash flow ($90.4M OCF vs -$189.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-62.7x

Asana Inc earns $-62.7 in operating income for every $1 of interest expense (-$197.3M vs $3.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$790.8M

YoY+9.2%

5Y CAGR+28.4%

Asana Inc generated $790.8M in revenue in fiscal year 2026. This represents an increase of 9.2% from the prior year.

EBITDA

-$175.3M

YoY+29.7%

Asana Inc's EBITDA was -$175.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.7% from the prior year.

Net Income

-$189.0M

YoY+26.0%

Asana Inc reported -$189.0M in net income in fiscal year 2026. This represents an increase of 26.0% from the prior year.

EPS (Diluted)

$-0.80

YoY+27.9%

Asana Inc earned $-0.80 per diluted share (EPS) in fiscal year 2026. This represents an increase of 27.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$86.6M

YoY+825.3%

Asana Inc generated $86.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 825.3% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

89.0%

YoY-0.3pp

5Y CAGR+1.7pp

Asana Inc's gross margin was 89.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin

-24.9%

YoY+11.9pp

5Y CAGR+52.4pp

Asana Inc's operating margin was -24.9% in fiscal year 2026, reflecting core business profitability. This is up 11.9 percentage points from the prior year.

Net Margin

-23.9%

YoY+11.4pp

5Y CAGR+69.4pp

Asana Inc's net profit margin was -23.9% in fiscal year 2026, showing the share of revenue converted to profit. This is up 11.4 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$301.5M

YoY-11.7%

5Y CAGR+20.0%

Asana Inc invested $301.5M in research and development in fiscal year 2026. This represents a decrease of 11.7% from the prior year.

Share Buybacks

$132.2M

YoY+68.7%

5Y CAGR+425.5%

Asana Inc spent $132.2M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 68.7% from the prior year.

Capital Expenditures

$3.8M

YoY-31.9%

5Y CAGR-41.9%

Asana Inc invested $3.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 31.9% from the prior year.

ASAN Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$790.8M+9.2%	$723.9M+10.9%	$652.5M+19.2%	$547.2M+44.6%	$378.4M+66.7%	$227.0M
Cost of Revenue	$86.8M+12.4%	$77.2M+19.6%	$64.5M+14.1%	$56.6M+45.4%	$38.9M+35.3%	$28.7M
Gross Profit	$704.0M+8.9%	$646.7M+10.0%	$588.0M+19.8%	$490.7M+44.5%	$339.5M+71.3%	$198.3M
R&D Expenses	$301.5M-11.7%	$341.5M+5.2%	$324.7M+9.2%	$297.2M+46.3%	$203.1M+67.7%	$121.1M
SG&A Expenses	$192.9M+26.9%	$152.0M+7.5%	$141.3M-15.0%	$166.3M+40.1%	$118.7M+55.8%	$76.2M
Operating Income	-$197.3M+26.0%	-$266.7M+1.2%	-$270.0M+33.8%	-$407.8M-53.8%	-$265.2M-51.0%	-$175.6M
Interest Expense	$3.1M-14.5%	$3.7M-6.8%	$4.0M+97.6%	$2.0M-89.1%	$18.4M-49.2%	$36.2M
Income Tax	$4.9M+1.9%	$4.8M+28.6%	$3.7M-24.0%	$4.9M+50.6%	$3.2M+111.2%	$1.5M
Net Income	-$189.0M+26.0%	-$255.5M+0.6%	-$257.0M+37.0%	-$407.8M-41.4%	-$288.3M-36.2%	-$211.7M
EPS (Diluted)	$-0.80+27.9%	$-1.11+5.1%	$-1.17+42.6%	$-2.04-25.2%	$-1.63+18.1%	$-1.99

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$205.6M+2.3%	$201.0M+2.1%	$196.9M+5.2%	$187.3M-0.6%	$188.3M+2.4%	$183.9M+2.6%	$179.2M+3.9%	$172.4M
Cost of Revenue	$25.0M+12.1%	$22.3M+10.3%	$20.2M+5.2%	$19.2M-1.9%	$19.6M-1.0%	$19.8M-0.9%	$20.0M+12.3%	$17.8M
Gross Profit	$180.6M+1.0%	$178.7M+1.1%	$176.7M+5.2%	$168.0M-0.4%	$168.7M+2.8%	$164.1M+3.1%	$159.2M+3.0%	$154.6M
R&D Expenses	$73.2M-0.9%	$73.8M-7.0%	$79.4M+5.7%	$75.1M-10.8%	$84.2M+1.1%	$83.3M-8.6%	$91.2M+10.1%	$82.8M
SG&A Expenses	$41.2M-44.8%	$74.7M+86.1%	$40.1M+8.5%	$37.0M-19.3%	$45.8M+26.3%	$36.3M+0.1%	$36.2M+7.5%	$33.7M
Operating Income	-$34.0M+51.4%	-$70.0M-41.5%	-$49.5M-12.6%	-$43.9M+31.0%	-$63.6M-5.7%	-$60.2M+21.6%	-$76.8M-16.1%	-$66.2M
Interest Expense	$793K+3.4%	$767K-3.8%	$797K+0.8%	$791K-7.2%	$852K-8.8%	$934K-2.2%	$955K+1.4%	$942K
Income Tax	$1.0M-22.3%	$1.3M-8.8%	$1.4M+22.6%	$1.2M-19.7%	$1.4M+23.7%	$1.2M-3.0%	$1.2M+23.3%	$971K
Net Income	-$32.2M+52.9%	-$68.4M-41.5%	-$48.4M-20.8%	-$40.0M+35.8%	-$62.3M-8.7%	-$57.3M+20.6%	-$72.2M-13.3%	-$63.7M
EPS (Diluted)	N/A	$-0.29-45.0%	$-0.20-17.6%	$-0.17	N/A	$-0.25+19.4%	$-0.31-10.7%	$-0.28

ASAN Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$877.1M-10.3%	$978.2M-0.6%	$984.3M+42.4%	$691.1M-7.6%	$747.6M
Current Assets	N/A	$588.5M-12.7%	$674.1M+0.5%	$670.5M+68.9%	$397.0M-11.7%	$449.6M
Cash & Equivalents	N/A	$193.8M-12.7%	$222.0M-41.9%	$382.2M+93.7%	$197.3M-25.2%	$263.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$68.1M-31.8%	$99.8M+0.9%	$98.9M+47.7%	$67.0M+79.4%	$37.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$640.8M-2.6%	$658.3M+3.5%	$636.2M+18.9%	$535.1M-32.7%	$795.3M
Current Liabilities	N/A	$399.4M+1.5%	$393.5M+11.4%	$353.3M+22.1%	$289.3M+56.3%	$185.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$236.3M-26.1%	$319.9M-8.1%	$348.1M+123.2%	$156.0M+427.0%	-$47.7M
Retained Earnings	N/A	-$1.9B-20.9%	-$1.6B-20.0%	-$1.3B-39.9%	-$928.7M-54.2%	-$602.1M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$844.1M+0.4%	$840.4M-4.8%	$883.2M+0.7%	$877.1M-1.6%	$891.4M+2.0%	$874.2M-7.5%	$945.4M-3.4%	$978.2M
Current Assets	$593.3M+1.0%	$587.4M-1.9%	$598.5M+1.7%	$588.5M-2.0%	$600.7M+5.1%	$571.4M-10.8%	$640.3M-5.0%	$674.1M
Cash & Equivalents	$199.8M+8.9%	$183.5M-0.4%	$184.1M-5.0%	$193.8M+4.9%	$184.7M-6.1%	$196.8M-10.3%	$219.4M-1.2%	$222.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$110.3M+52.6%	$72.3M+4.4%	$69.2M+1.7%	$68.1M-22.3%	$87.6M+30.9%	$66.9M+2.8%	$65.1M-34.8%	$99.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$690.0M+5.8%	$652.1M-1.0%	$658.6M+2.8%	$640.8M-3.5%	$663.9M+4.6%	$634.9M-2.8%	$653.5M-0.7%	$658.3M
Current Liabilities	$501.0M+19.0%	$420.9M-0.7%	$424.1M+6.2%	$399.4M-4.0%	$415.8M+8.6%	$383.0M-2.6%	$393.1M-0.1%	$393.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$154.1M-18.2%	$188.4M-16.1%	$224.6M-5.0%	$236.3M+3.9%	$227.5M-4.9%	$239.3M-18.0%	$291.9M-8.7%	$319.9M
Retained Earnings	-$2.1B-4.4%	-$2.1B-5.1%	-$2.0B-4.0%	-$1.9B-3.0%	-$1.8B-3.7%	-$1.8B-6.8%	-$1.7B-5.9%	-$1.6B

ASAN Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$90.4M+505.4%	$14.9M+183.2%	-$17.9M+88.8%	-$160.1M-91.0%	-$83.8M+9.8%	-$92.9M
Capital Expenditures	$3.8M-31.9%	$5.6M-27.9%	$7.7M+44.3%	$5.4M-87.1%	$41.6M-27.5%	$57.3M
Free Cash Flow	$86.6M+825.3%	$9.4M+136.5%	-$25.7M+84.5%	-$165.4M-31.9%	-$125.4M+16.5%	-$150.2M
Investing Cash Flow	$37.2M+706.4%	-$6.1M+97.9%	-$289.1M-548.3%	$64.5M+134.0%	$27.6M+117.3%	-$158.9M
Financing Cash Flow	-$117.9M-103.0%	-$58.1M-446.3%	$16.8M-95.6%	$381.4M+925.0%	$37.2M-81.5%	$201.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$132.2M+68.7%	$78.4M	$0-100.0%	$9K-77.5%	$40K+21.2%	$33K

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$27.6M+70.6%	$16.2M-59.4%	$39.8M+488.9%	$6.8M-57.3%	$15.9M+206.5%	-$14.9M-193.9%	$15.9M+935.5%	-$1.9M
Capital Expenditures	$1.2M+77.6%	$669K-48.4%	$1.3M+103.3%	$638K-57.6%	$1.5M+9.7%	$1.4M-18.8%	$1.7M+68.7%	$1.0M
Free Cash Flow	$26.4M+70.3%	$15.5M-59.8%	$38.5M+529.1%	$6.1M-57.3%	$14.3M+188.2%	-$16.3M-214.8%	$14.2M+588.6%	-$2.9M
Investing Cash Flow	$42.6M+359.6%	$9.3M+149.0%	-$18.9M-553.0%	$4.2M+115.9%	-$26.3M-163.4%	$41.5M+74035.7%	$56K+100.3%	-$21.4M
Financing Cash Flow	-$55.8M-114.7%	-$26.0M+14.9%	-$30.6M-453.3%	-$5.5M-5261.7%	$107K+100.2%	-$48.9M-154.4%	-$19.2M-293.3%	$9.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$58.0M+88.5%	$30.8M+6.6%	$28.9M+98.8%	$14.5M+223.9%	$4.5M-91.8%	$54.8M+188.3%	$19.0M	$0

ASAN Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	89.0%-0.3pp	89.3%-0.8pp	90.1%+0.5pp	89.7%-0.1pp	89.7%+2.4pp	87.3%
Operating Margin	-24.9%+11.9pp	-36.9%+4.5pp	-41.4%+33.1pp	-74.5%-4.5pp	-70.1%+7.3pp	-77.3%
Net Margin	-23.9%+11.4pp	-35.3%+4.1pp	-39.4%+35.1pp	-74.5%+1.7pp	-76.2%+17.1pp	-93.3%
Return on Equity	N/A	-108.1%-27.8pp	-80.3%+36.8pp	-117.2%+67.7pp	-184.9%	N/A
Return on Assets	N/A	-29.1%-2.9pp	-26.3%+15.2pp	-41.4%+0.3pp	-41.7%-13.4pp	-28.3%
Current Ratio	N/A	1.47-0.2	1.71-0.2	1.90+0.5	1.37-1.1	2.43
Debt-to-Equity	N/A	2.71+0.7	2.06+0.2	1.83-1.6	3.43+20.1	-16.67
FCF Margin	10.9%+9.7pp	1.3%+5.2pp	-3.9%+26.3pp	-30.2%+2.9pp	-33.1%+33.0pp	-66.2%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	87.8%-1.1pp	88.9%-0.8pp	89.7%0.0pp	89.7%+0.1pp	89.6%+0.4pp	89.2%+0.4pp	88.8%-0.8pp	89.7%
Operating Margin	-16.5%+18.3pp	-34.8%-9.7pp	-25.1%-1.7pp	-23.4%+10.3pp	-33.8%-1.0pp	-32.7%+10.1pp	-42.9%-4.5pp	-38.4%
Net Margin	-15.7%+18.4pp	-34.0%-9.5pp	-24.6%-3.2pp	-21.4%+11.7pp	-33.1%-1.9pp	-31.2%+9.1pp	-40.3%-3.3pp	-37.0%
Return on Equity	-20.9%+15.4pp	-36.3%-14.8pp	-21.5%-4.6pp	-16.9%+10.4pp	-27.4%-3.4pp	-24.0%+0.8pp	-24.7%-4.8pp	-19.9%
Return on Assets	-3.8%+4.3pp	-8.1%-2.7pp	-5.5%-0.9pp	-4.6%+2.4pp	-7.0%-0.4pp	-6.6%+1.1pp	-7.6%-1.1pp	-6.5%
Current Ratio	1.18-0.2	1.40-0.0	1.41-0.1	1.47+0.0	1.44-0.0	1.49-0.1	1.63-0.1	1.71
Debt-to-Equity	4.48+1.0	3.46+0.5	2.93+0.2	2.71-0.2	2.92+0.3	2.65+0.4	2.24+0.2	2.06
FCF Margin	12.8%+5.1pp	7.7%-11.9pp	19.6%+16.3pp	3.3%-4.4pp	7.6%+16.5pp	-8.8%-16.8pp	7.9%+9.6pp	-1.7%

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Frequently Asked Questions

What is Asana Inc's annual revenue?

Asana Inc (ASAN) reported $790.8M in total revenue for fiscal year 2026. This represents a 9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Asana Inc's revenue growing?

Asana Inc (ASAN) revenue grew by 9.2% year-over-year, from $723.9M to $790.8M in fiscal year 2026.

Is Asana Inc profitable?

No, Asana Inc (ASAN) reported a net income of -$189.0M in fiscal year 2026, with a net profit margin of -23.9%.

What is Asana Inc's EBITDA?

Asana Inc (ASAN) had EBITDA of -$175.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Asana Inc's gross margin?

Asana Inc (ASAN) had a gross margin of 89.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Asana Inc's operating margin?

Asana Inc (ASAN) had an operating margin of -24.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Asana Inc's net profit margin?

Asana Inc (ASAN) had a net profit margin of -23.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Asana Inc's free cash flow?

Asana Inc (ASAN) generated $86.6M in free cash flow during fiscal year 2026. This represents a 825.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Asana Inc's operating cash flow?

Asana Inc (ASAN) generated $90.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Asana Inc's capital expenditures?

Asana Inc (ASAN) invested $3.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Asana Inc spend on research and development?

Asana Inc (ASAN) invested $301.5M in research and development during fiscal year 2026.

Does Asana Inc buy back shares?

Yes, Asana Inc (ASAN) spent $132.2M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Are Asana Inc's earnings high quality?

Asana Inc (ASAN) has an earnings quality ratio of -0.48x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Asana Inc cover its interest payments?

Asana Inc (ASAN) has an interest coverage ratio of -62.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.