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Asana ASAN Operating margin

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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$1.54B-59.7%
Enterprise value$1.63B-58.4%
P/S1.9×-3.3×

Profitability

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Gross margin88.5%-0.9pp
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.

Based on trailing twelve months.

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 operating margin?
Asana (ASAN) reported operating margin of -20.9% in Q1 2026.
How has Asana's operating margin changed year-over-year?
Asana's operating margin increased by 37.0% year-over-year, from -33.1% to -20.9%.
What is the long-term trend for Asana's operating margin?
Over 5 years (2021 to 2026), Asana's operating margin has grown at a -20.2% compound annual growth rate (CAGR), from -77.3% to -25%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.