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Asana ASAN Gross Profit

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Other financials

Income statement

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Revenue$205.1M+9.5%
Operating income-$15.2M+65.3%
Net income-$14.4M+64.0%
EPS (diluted)-$0.06+64.7%

Balance sheet

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Cash & equivalents$194.4M+0.1%
Total debt$286.4M-4.1%
Total equity$137.0M-42.0%
Total assets$805.5M-8.2%

Cash flow

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Operating cash flow$40.2M+495%
CapEx$2.8M+340%
Free cash flow$37.4M+511%

Valuation

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Market cap$2B-42.0%
Enterprise value$2.09B-41.2%
P/S2.5×-2.1×

Profitability

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Gross margin88.5%-0.9pp
Operating margin-20.9%-5.6pp
Net margin-20.2%-5.3pp
FCF margin14.6%+12.1pp

Returns & leverage

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Return on equity-87.6%+4.6pp
Debt / equity2.1×+0.8×
Current ratio1.1×-0.3×

Where this comes from

Calculated from Asana’s reported figures.

The source filing: Asana’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001477720-26-000039
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025
Revenues$205,095$187,267
Cost of revenues25,41419,227
Gross profit179,681168,040
Operating expenses:
Research and development66,08975,127
Sales and marketing92,46499,841
General and administrative36,36836,976
Total operating expenses194,921211,944

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Asana's gross profit?
Asana (ASAN) reported gross profit of $179.68M in Q1 2026.
How has Asana's gross profit changed year-over-year?
Asana's gross profit increased by 6.9% year-over-year, from $168.04M to $179.68M.
What is the long-term trend for Asana's gross profit?
Over 4 years (2022 to 2026), Asana's gross profit has grown at a 20.0% compound annual growth rate (CAGR), from $339.54M to $704.05M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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