What is Asana's invested capital?

Asana (ASAN) reported invested capital of $229M in Q1 2026.

How has Asana's invested capital changed year-over-year?

Asana's invested capital decreased by 32.8% year-over-year, from $340.85M to $229M.

What is the long-term trend for Asana's invested capital?

Over 5 years (2021 to 2026), Asana's invested capital has grown at a 39.9% compound annual growth rate (CAGR), from -$37.97M to $203.28M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Asana ASAN Invested capital

Discontinued — last reported Q1 '27

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12.2%+0.5pp

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3.4%+1.8pp

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-0.3%-0.1pp

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17.5%+14.2pp

Other financials

Income statement

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Revenue$205.1M+9.5%

Gross profit$179.7M+6.9%

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$1.53B-59.7%

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

See full

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.

$286.4Mtotal debt+$137.0Mtotal stockholders equity−$194.4Mcash and equivalents=$229M

The official record: Asana’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Asana's invested capital?: Asana (ASAN) reported invested capital of $229M in Q1 2026.
How has Asana's invested capital changed year-over-year?: Asana's invested capital decreased by 32.8% year-over-year, from $340.85M to $229M.
What is the long-term trend for Asana's invested capital?: Over 5 years (2021 to 2026), Asana's invested capital has grown at a 39.9% compound annual growth rate (CAGR), from -$37.97M to $203.28M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).