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
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.
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