ASAN

Asana, Inc.

64
Fundamentals76/ 100
Valuation50/ 100
Upside potential62/ 100
Risk potential35/ 100

ASAN's outlook is improving, though it still trails on the overall score.

PLTR

Palantir Technologies Inc.

90
Fundamentals95/ 100
Valuation88/ 100
Upside potential84/ 100
Risk potential21/ 100

PLTR has the edge over ASAN overall, supported by stronger valuation and stronger modeled upside.

ASAN Fundamentals

MetricStatus
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.

PLTR Fundamentals

MetricStatus
Strong
Strong
Strong
Strong

PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.

ASAN PE Valuation

ASAN has no meaningful PE right now: it lost money over the past year.

PLTR PE Valuation

CHEAPFAIREXPENSIVE174x349x523x698x
CHEAPFAIREXPENSIVE174x349x523x698x
LevelPEPriceVs current
Forward75x$172—
Current120x$172—
Cheap165x$236+37%
Fair251x$359+109%
Expensive452x$646+277%

Historical ranges are pointers, not guarantees.

PLTR's PE is in its cheap range at 120x. If earnings grow as analysts expect, today's price would be 75x next year's earnings.

ASAN Forward outlook

MetricOutlook
--
Strong growth
Growth
Strongly improving
Limited
Moderate

Analysts expect earnings and revenue growth for ASAN, with profitability improving.

PLTR Forward outlook

MetricOutlook
Strongly improving
Strong growth
Strong growth
Strongly improving
Moderate
Moderate

Analysts expect strong earnings and revenue growth for PLTR, with profitability improving.

ASAN Risk to reward

ScenarioChangePrice
Upside+56%$15.13
Downside-35%$6.28

Calculated from the latest close: $9.67 on Nov 12.

ASAN trails PLTR on modeled risk to reward, with less potential upside and more potential downside.

PLTR Risk to reward

ScenarioChangePrice
Upside+112%$364.26
Downside-21%$136.16

Calculated from the latest close: $171.58 on Nov 12.

PLTR has a better modeled risk to reward balance than ASAN, with more potential upside and less potential downside.

ASAN Earnings Per Share

Q4 2023: $-1.33Q1 2024: $-1.17Q2 2024: $-1.17Q3 2024: $-1.15Q4 2024: $-1.12Q1 2025: $-1.11Q2 2025: $-1.00Q3 2025: $-0.89Q4 2025: $-0.93Q1 2026: $-0.80Q2 2026: $-0.69Q3 2026: $-0.66Forward: $0.42
Q4 2023: $-1.33Q1 2024: $-1.17Q2 2024: $-1.17Q3 2024: $-1.15Q4 2024: $-1.12Q1 2025: $-1.11Q2 2025: $-1.00Q3 2025: $-0.89Q4 2025: $-0.93Q1 2026: $-0.80Q2 2026: $-0.69Q3 2026: $-0.66Forward: $0.42
QuarterTTM EPSYoY
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.

PLTR Earnings Per Share

Q4 2023: $0.09Q1 2024: $0.12Q2 2024: $0.17Q3 2024: $0.20Q4 2024: $0.19Q1 2025: $0.23Q2 2025: $0.30Q3 2025: $0.42Q4 2025: $0.63Q1 2026: $0.89Q2 2026: $1.17Q3 2026: $1.43Forward: $2.30
Q4 2023: $0.09Q1 2024: $0.12Q2 2024: $0.17Q3 2024: $0.20Q4 2024: $0.19Q1 2025: $0.23Q2 2025: $0.30Q3 2025: $0.42Q4 2025: $0.63Q1 2026: $0.89Q2 2026: $1.17Q3 2026: $1.43Forward: $2.30
QuarterTTM EPSYoY
Forward$2.30+61%
Q3 2026$1.43+240%
Q2 2026$1.17+290%
Q1 2026$0.89+287%
Q4 2025$0.63+232%
Q3 2025$0.42+110%
Q2 2025$0.30+76%
Q1 2025$0.23+92%
Q4 2024$0.19+111%

PLTR has the edge over ASAN on earnings quality, reporting a profit while its opponent remains loss making.

ASAN Quarterly Revenue

Q4 2023: $167MQ1 2024: $171MQ2 2024: $172MQ3 2024: $179MQ4 2024: $184MQ1 2025: $188MQ2 2025: $187MQ3 2025: $197MQ4 2025: $201MQ1 2026: $206MQ2 2026: $205MQ3 2026: $216M
Q4 2023: $167MQ1 2024: $171MQ2 2024: $172MQ3 2024: $179MQ4 2024: $184MQ1 2025: $188MQ2 2025: $187MQ3 2025: $197MQ4 2025: $201MQ1 2026: $206MQ2 2026: $205MQ3 2026: $216M
QuarterRevenueYoY
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.

PLTR Quarterly Revenue

Q4 2023: $608MQ1 2024: $634MQ2 2024: $678MQ3 2024: $726MQ4 2024: $828MQ1 2025: $884MQ2 2025: $1BQ3 2025: $1.2BQ4 2025: $1.4BQ1 2026: $1.6BQ2 2026: $1.9BQ3 2026: $2.3B
Q4 2023: $608MQ1 2024: $634MQ2 2024: $678MQ3 2024: $726MQ4 2024: $828MQ1 2025: $884MQ2 2025: $1BQ3 2025: $1.2BQ4 2025: $1.4BQ1 2026: $1.6BQ2 2026: $1.9BQ3 2026: $2.3B
QuarterRevenueYoY
Q3 2026$2.3B+96%
Q2 2026$1.9B+93%
Q1 2026$1.6B+85%
Q4 2025$1.4B+70%
Q3 2025$1.2B+63%
Q2 2025$1B+48%
Q1 2025$883.9M+39%
Q4 2024$827.5M+36%

PLTR has the edge over ASAN on sales, with stronger typical year-over-year growth.

ASAN Free Cash Flow

Q4 2023: −$9MQ1 2024: −$16MQ2 2024: −$3MQ3 2024: $14MQ4 2024: −$16MQ1 2025: $14MQ2 2025: $6MQ3 2025: $39MQ4 2025: $16MQ1 2026: $26MQ2 2026: $37MQ3 2026: $45M
Q4 2023: −$9MQ1 2024: −$16MQ2 2024: −$3MQ3 2024: $14MQ4 2024: −$16MQ1 2025: $14MQ2 2025: $6MQ3 2025: $39MQ4 2025: $16MQ1 2026: $26MQ2 2026: $37MQ3 2026: $45M
QuarterFree cash flowYoY
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.

PLTR Free Cash Flow

Q4 2023: $296MQ1 2024: $127MQ2 2024: $141MQ3 2024: $416MQ4 2024: $457MQ1 2025: $304MQ2 2025: $532MQ3 2025: $501MQ4 2025: $764MQ1 2026: $892MQ2 2026: $1.2BQ3 2026: $1.2B
Q4 2023: $296MQ1 2024: $127MQ2 2024: $141MQ3 2024: $416MQ4 2024: $457MQ1 2025: $304MQ2 2025: $532MQ3 2025: $501MQ4 2025: $764MQ1 2026: $892MQ2 2026: $1.2BQ3 2026: $1.2B
QuarterFree cash flowYoY
Q3 2026$1.2B+139%
Q2 2026$1.2B+126%
Q1 2026$891.8M+193%
Q4 2025$764M+67%
Q3 2025$500.9M+20%
Q2 2025$531.6M+276%
Q1 2025$304.1M+140%
Q4 2024$457.2M+54%

PLTR has the edge over ASAN on cash flow, with more consistent year-over-year improvement.

ASAN Total Shares

Q4 2023: 222MQ1 2024: 220MQ2 2024: 227MQ3 2024: 230MQ4 2024: 230MQ1 2025: 229MQ2 2025: 235MQ3 2025: 236MQ4 2025: 238MQ1 2026: 237MQ2 2026: 238MQ3 2026: 231M
Q4 2023: 222MQ1 2024: 220MQ2 2024: 227MQ3 2024: 230MQ4 2024: 230MQ1 2025: 229MQ2 2025: 235MQ3 2025: 236MQ4 2025: 238MQ1 2026: 237MQ2 2026: 238MQ3 2026: 231M
PeriodChange %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 the edge over PLTR on shareholder dilution, with a more favorable share count trend.

PLTR Total Shares

Q4 2023: 2.3BQ1 2024: 2.4BQ2 2024: 2.4BQ3 2024: 2.5BQ4 2024: 2.5BQ1 2025: 2.6BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.6BQ2 2026: 2.6BQ3 2026: 2.6B
Q4 2023: 2.3BQ1 2024: 2.4BQ2 2024: 2.4BQ3 2024: 2.5BQ4 2024: 2.5BQ1 2025: 2.6BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.6BQ2 2026: 2.6BQ3 2026: 2.6B
PeriodChange %Net change
Quarterly+0.2%+5.2M shares
1 year+0.1%+2.9M shares
3 years+11%+248M shares
5 years+31%+610M shares
Available history+184%+1.7B shares

PLTR has 2.6B diluted shares, about the same as a year ago.

ASAN Net Leverage

ASAN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

PLTR Net Leverage

Q4 2023: -5.4xQ1 2024: -2.3xQ2 2024: -1.6xQ3 2024: -1.9xQ4 2024: -6.1xQ1 2025: -2.3xQ2 2025: -1.6xQ3 2025: -1.9xQ4 2025: -1.0xQ1 2026: -1.1xQ2 2026: -0.8xQ3 2026: -1.1x
Q4 2023: -5.4xQ1 2024: -2.3xQ2 2024: -1.6xQ3 2024: -1.9xQ4 2024: -6.1xQ1 2025: -2.3xQ2 2025: -1.6xQ3 2025: -1.9xQ4 2025: -1.0xQ1 2026: -1.1xQ2 2026: -0.8xQ3 2026: -1.1x
QuarterNet LeverageStatus
Q3 2026-1.1xNet Cash
Q2 2026-0.8xNet Cash
Q1 2026-1.1xNet Cash
Q4 2025-1.0xNet Cash
Q3 2025-1.9xNet Cash
Q2 2025-1.6xNet Cash
Q1 2025-2.3xNet Cash
Q4 2024-6.1xNet Cash

PLTR has more cash than debt.

ASAN Weekly Momentum

MetricValueStatus
RSI52.0Neutral
Stochastic60.6Neutral

ASAN's weekly RSI is 52 (neutral) and its Stochastic is 61 (neutral).

PLTR Weekly Momentum

MetricValueStatus
RSI51.4Neutral
Stochastic47.4Neutral

PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).

ASAN PE vs Technology Sector

ASAN has no meaningful PE right now: it lost money over the past year.

PLTR PE vs Technology Sector

MetricPLTRSector medianRelative
PE120x28x331% above
PE %13837 pts below

PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.

ASAN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.14.6% below
20 week MA$9.195.2% above
50 week MA$8.898.8% above
100 week MA$12.422% below
200 week MA$14.835% below

ASAN's trend is mixed: it's above two of its five weekly moving averages, and 35% below its 200-week average.

PLTR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$185.87.6% below
20 week MA$167.62.4% above
50 week MA$157.19.2% above
100 week MA$143.819% above
200 week MA$83.3106% above

PLTR has the edge over ASAN on trend strength, trading above more of its moving averages.

ASAN Yearly ROI

YearStart priceEnd priceROI
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.

PLTR Yearly ROI

YearStart priceEnd priceROI
2020$9.20$27.8+202%
2021$27.8$18.9-32%
2022$18.9$6.29-67%
2023$6.29$17.2+173%
2024$17.2$79.1+361%
2025$79.1$188.7+139%
2026 YTD$188.7$171.6-9.1%

PLTR has the edge over ASAN on returns for 2026, with the stronger performance.

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