ASAN
Asana, Inc.
ASAN lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
ASAN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Strong | |
| Unavailable |
ASAN's revenue and cash flow are currently healthy, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
ASAN PE Valuation
ASAN has no meaningful PE right now: it lost money over the past year.
ASAN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ASAN, with profitability improving.
ASAN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.42 | — |
| Q3 2026 | -$0.66 | +$0.23 |
| Q2 2026 | -$0.69 | +$0.31 |
| Q1 2026 | -$0.80 | +$0.31 |
| Q4 2025 | -$0.93 | +$0.19 |
| Q3 2025 | -$0.89 | +$0.26 |
| Q2 2025 | -$1.00 | +$0.17 |
| Q1 2025 | -$1.11 | +$0.06 |
| Q4 2024 | -$1.12 | +$0.21 |
ASAN is still losing money, but far less than before: $0.66 per share over the past year, against $2.09 at its worst in late 2022.
ASAN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $216.4M | +9.9% |
| Q2 2026 | $205.1M | +9.5% |
| Q1 2026 | $205.6M | +9.2% |
| Q4 2025 | $201M | +9.3% |
| Q3 2025 | $196.9M | +9.9% |
| Q2 2025 | $187.3M | +8.6% |
| Q1 2025 | $188.3M | +10% |
| Q4 2024 | $183.9M | +10% |
ASAN's revenue has grown year over year every quarter since late 2020: $216M last quarter, up 9.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -19% | +6.1 points |
| Q2 2026 | -7.4% | +16 points |
| Q1 2026 | -17% | +17 points |
| Q4 2025 | -35% | -2.1 points |
| Q3 2025 | -25% | +18 points |
| Q2 2025 | -23% | +15 points |
| Q1 2025 | -34% | +5.9 points |
| Q4 2024 | -33% | +5.4 points |
ASAN's operating margin was −19% last quarter, up 6.1 points from the same quarter a year ago.
ASAN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $44.6M | +16% |
| Q2 2026 | $37.4M | +511% |
| Q1 2026 | $26.4M | +84% |
| Q4 2025 | $15.5M | +$31.8M |
| Q3 2025 | $38.5M | +172% |
| Q2 2025 | $6.1M | +$9M |
| Q1 2025 | $14.4M | +$30.2M |
| Q4 2024 | -$16.3M | -$6.8M |
ASAN has burned cash in most quarters: $124M over the past year, up 190% from the year before.
ASAN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -7.3M shares |
| 1 year | -2.3% | -5.4M shares |
| 3 years | +5.4% | +11.8M shares |
| 5 years | +35% | +60.2M shares |
| Available history | +54% | +81.2M shares |
ASAN has 231M diluted shares, down 2.3% from a year ago, with $185M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $51.5M |
| Q2 2026 | $45M |
| Q1 2026 | $58M |
| Q4 2025 | $30.8M |
| Q3 2025 | $28.9M |
| Q2 2025 | $14.5M |
| Q1 2025 | $4.5M |
| Q4 2024 | $54.8M |
ASAN spent $185M buying back its own shares over the past year, up 80% from the year before.
ASAN Net Leverage
ASAN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ASAN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 60.6 | Neutral |
ASAN's weekly RSI is 52 (neutral) and its Stochastic is 61 (neutral).
ASAN PE vs Technology Sector
ASAN has no meaningful PE right now: it lost money over the past year.
ASAN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.1 | 4.6% below |
| 20 week MA | $9.19 | 5.2% above |
| 50 week MA | $8.89 | 8.8% above |
| 100 week MA | $12.4 | 22% below |
| 200 week MA | $14.8 | 35% below |
ASAN's trend is mixed: it's above two of its five weekly moving averages, and 35% below its 200-week average.
ASAN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.9 | $30.1 | +16% |
| 2021 | $30.1 | $77.9 | +159% |
| 2022 | $77.9 | $13.2 | -83% |
| 2023 | $13.2 | $19.0 | +44% |
| 2024 | $19.0 | $21.6 | +14% |
| 2025 | $21.6 | $13.8 | -36% |
| 2026 YTD | $13.8 | $9.67 | -30% |
ASAN's yearly returns have swung widely, from +159% in 2021 to −83% in 2022. It's down 30% so far in 2026.