Asana, Inc. ASAN
Asana is the system of action for work, built for the Agentic Enterprise. We provide a comprehensive solution where humans and AI agents can collaborate effectively so that individuals work smarter, teams move faster, and organizations deliver results. Over 180,000 paying customers across 200 countries and territories use Asana to connect their work to company goals and orchestrate mission-critical workflows like product launches, employee onboarding, resource planning, tracking company-wide strategic initiatives and more. By combining institutional memory with a governed execution surface, our platform enables organizations to orchestrate work across human and AI team members. This drives clarity, accountability, and impact across the organization from executives and department heads to the team leads, individuals, and agents delivering the work. In Asana, the "Who, What, When, and Why" of work is transparent, ensuring that every action, whether taken by a person or an AI agent, is grounded in real business context and aligned to strategic goals.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $468.3M | $435.8M | $398.0M |
| International | $322.5M | $288.1M | $254.5M |
As the company reported it, from the “Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $790.8M | $723.9M | $652.5M | $547.2M | $378.4M | $227.0M | $142.6M | $76.8M | — |
| Cost of revenue | $86.8M | $77.2M | $64.5M | $56.6M | $38.9M | $28.7M | $19.9M | $13.8M | — |
| Gross profit | $704.0M | $646.7M | $588.0M | $490.7M | $339.5M | $198.3M | $122.7M | $62.9M | — |
| R&D | $301.5M | $341.5M | $324.7M | $297.2M | $203.1M | $121.1M | $89.7M | $42.6M | — |
| SG&A | $192.9M | $152.0M | $141.3M | $166.3M | $118.7M | $76.2M | $46.8M | $20.3M | — |
| Total operating expenses | $901.4M | $913.4M | $858.0M | $898.5M | $604.7M | $373.8M | $242.4M | $115.0M | — |
| Operating income | -$197.3M | -$266.7M | -$270.0M | -$407.8M | -$265.2M | -$175.6M | -$119.6M | -$52.0M | — |
| Interest expense | $3.1M | $3.7M | $4.0M | $2.0M | $18.4M | $36.2M | $78.0K | $0 | — |
| Pre-tax income | -$184.2M | -$250.8M | -$253.3M | -$402.9M | -$285.1M | -$210.2M | -$118.3M | -$50.9M | — |
| Income tax | $4.9M | $4.8M | $3.7M | $4.9M | $3.2M | $1.5M | $245.0K | $28.0K | — |
| Net income | -$189.0M | -$255.5M | -$257.0M | -$407.8M | -$288.3M | -$211.7M | -$118.6M | -$50.9M | — |
| EPS, basic | -0.80 | -1.11 | -1.17 | -2.04 | -1.63 | -1.99 | -1.69 | — | — |
| EPS, diluted | -0.80 | -1.11 | -1.17 | -2.04 | -1.63 | -1.99 | -1.69 | -0.78 | — |
| Shares, diluted (wtd. avg.) | 236.8M | 229.5M | 220.4M | 200.0M | 176.4M | 106.3M | 70.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $199.8M | $184.7M | $236.7M | $526.6M | $240.4M | $259.9M | $310.7M | $26.6M | $46.1M |
| Short-term investments | — | — | — | $2.7M | $71.6M | $126.4M | $45.3M | — | — |
| Receivables | $110.3M | $87.6M | $88.3M | $82.4M | $59.1M | $32.2M | $12.7M | — | — |
| Total current assets | $593.3M | $600.7M | $659.7M | $660.4M | $411.4M | $445.8M | $380.6M | — | — |
| Property, plant and equipment | $88.3M | $95.8M | $96.5M | $95.0M | $99.6M | $74.4M | $10.1M | — | — |
| Total assets | $844.1M | $891.4M | $962.0M | $955.0M | $707.0M | $731.1M | $421.7M | — | — |
| Accounts payable | $18.8M | $9.9M | $6.9M | $7.6M | $11.6M | $9.6M | $7.5M | — | — |
| Short-term debt | $40.8M | $0 | — | — | — | — | — | — | — |
| Total current liabilities | $501.0M | $415.8M | $367.2M | $332.3M | $255.2M | $163.5M | $100.1M | — | — |
| Total liabilities | $690.0M | $663.9M | $635.6M | $598.4M | $503.2M | $743.9M | $316.4M | — | — |
| Retained earnings | -$2.15B | -$1.83B | -$1.49B | -$1.24B | -$829.8M | -$541.4M | -$329.7M | — | — |
| Total equity | $154.1M | $227.5M | $326.4M | $356.6M | $203.8M | -$12.8M | -$145.3M | -$181.0M | -$142.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $90.4M | $14.9M | -$17.9M | -$160.1M | -$83.8M | -$92.9M | -$40.1M | -$30.2M | — |
| Depreciation and amortisation | $22.0M | $17.5M | $14.3M | $12.7M | $8.5M | $3.5M | $2.2M | $4.2M | — |
| Stock-based compensation | $214.8M | $211.3M | $202.4M | $189.0M | $104.5M | $34.2M | $48.4M | $8.5M | — |
| Capital expenditure | $3.8M | $5.6M | $7.7M | $5.4M | $41.6M | $57.3M | $6.9M | $2.9M | — |
| Investing cash flow | $37.2M | -$6.1M | -$289.1M | $64.5M | $27.6M | -$158.9M | $12.7M | -$44.7M | — |
| Financing cash flow | -$117.9M | -$58.1M | $16.8M | $381.4M | $37.2M | $201.0M | $311.6M | $55.3M | — |
| Buybacks | $132.2M | $78.4M | $0 | $9.0K | $40.0K | $33.0K | $77.0K | $14.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-025998.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $76.8M | $142.6M | $227.0M | $378.4M | $547.2M | $652.5M | $723.9M | $790.8M |
| Gross profit | — | $62.9M | $122.7M | $198.3M | $339.5M | $490.7M | $588.0M | $646.7M | $704.0M |
| Net income | — | -$50.9M | -$118.6M | -$211.7M | -$288.3M | -$407.8M | -$257.0M | -$255.5M | -$189.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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