ASAN (Asana, Inc.) Stock Financials & Earnings

ASANAsana, Inc.

Mkt Cap$2B

Revenue (TTM)$791M

Net Income (TTM)-$189M

EPS (TTM)-$0.80

Free Cash Flow (TTM)$84M

Gross Margin89.0%

Op. Margin-25.0%

Net Margin-23.9%

FCF Margin10.7%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)—

YoY Rev Growth+9.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 24	$152M	$138M	-$65M
Q2 24	$162M	$146M	-$73M
Q3 24	$167M	$150M	-$63M
Q4 24	$171M	$154M	-$68M
Q1 25	$172M	$155M	-$66M
Q2 25	$179M	$159M	-$77M
Q3 25	$184M	$164M	-$60M
Q4 25	$188M	$169M	-$64M
Q1 26	$187M	$168M	-$44M
Q2 26	$197M	$177M	-$49M
Q3 26	$201M	$179M	-$39M
Q4 26	$206M	$181M	-$65M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 24	$76M	$33M	$93M	—
Q2 24	$84M	$55M	$80M	—
Q3 24	$81M	$34M	$98M	—
Q4 24	$83M	$35M	$104M	—
Q1 25	$83M	$34M	$104M	—
Q2 25	$91M	$36M	$109M	—
Q3 25	$83M	$36M	$105M	—
Q4 25	$84M	$46M	$102M	—
Q1 26	$75M	$37M	$100M	—
Q2 26	$79M	$40M	$107M	—
Q3 26	$74M	—	—	$144M
Q4 26	$73M	$41M	$100M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 24	26.3%	-33.5%	-7.2
Q2 24	20.4%	-40.4%	-20.0
Q3 24	17.7%	-33.9%	-16.2
Q4 24	13.9%	-33.1%	-19.2
Q1 25	13.1%	-33.5%	-20.4
Q2 25	10.3%	-36.7%	-26.4
Q3 25	10.4%	-27.6%	-17.2
Q4 25	10.0%	-29.3%	-19.3
Q1 26	8.6%	-17.7%	-9.1
Q2 26	9.9%	-20.8%	-10.9
Q3 26	9.3%	-30.1%	-20.8
Q4 26	9.2%	-10.5%	-1.3

Revenue by Geography

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$382M	$141M	$524M
Q2 24	$414M	$124M	$538M
Q3 24	$268M	$262M	$530M
Q4 24	$237M	$283M	$519M
Q1 25	$222M	$302M	$524M
Q2 25	$219M	$302M	$522M
Q3 25	$197M	$259M	$455M
Q4 25	$185M	$282M	$467M
Q1 26	$194M	$277M	$471M
Q2 26	$184M	$291M	$475M
Q3 26	$184M	$280M	$464M
Q4 26	$200M	$234M	$434M

Shares Outstanding

Revenue Per Employee

Revenue / Employee