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Asana ASAN Stock-based compensation expense capitalized for internal-use software

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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$1.53B-59.7%
Enterprise value$1.62B-58.4%
P/S1.9×-3.3×

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

Reported directly by Asana in its filing.

Tagged under the XBRL concept asan:ShareBasedPaymentArrangementSoftwareDevelopmentNoncashExpense.

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 stock-based compensation expense capitalized for internal-use software?
Asana (ASAN) reported stock-based compensation expense capitalized for internal-use software of $1.92M in Q1 2026.
How has Asana's stock-based compensation expense capitalized for internal-use software changed year-over-year?
Asana's stock-based compensation expense capitalized for internal-use software increased by 34.4% year-over-year, from $1.43M to $1.92M.
What is the long-term trend for Asana's stock-based compensation expense capitalized for internal-use software?
Over 4 years (2022 to 2026), Asana's stock-based compensation expense capitalized for internal-use software has grown at a 78.8% compound annual growth rate (CAGR), from $673K to $6.88M.
What does stock-based compensation expense capitalized for internal-use software mean?
This represents the portion of stock-based compensation expense that is capitalized as part of the cost of developing internal-use software. By capitalizing these costs rather than expensing them immediately, the company aligns the expense recognition with the useful life of the software asset. This provides insight into the true investment in product development beyond standard operating expenses.