What is Asana's quick ratio?

Asana (ASAN) reported quick ratio of 1.1× in Q1 2026.

How has Asana's quick ratio changed year-over-year?

Asana's quick ratio decreased by 22.1% year-over-year, from 1.5× to 1.1×.

What is the long-term trend for Asana's quick ratio?

Over 5 years (2021 to 2026), Asana's quick ratio has grown at a -15.4% compound annual growth rate (CAGR), from 2.7× to 1.2×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Asana ASAN Quick ratio

Quick ratio at other companies

MicrosoftMSFT

1.3×-0.1×

AtlassianTEAM

0.7×-0.6×

Zoom Video Communications, Inc.ZM

4.2×-0.3×

Workday, Inc.WDAY

1×-1.1×

Alphabet Inc.GOOGL

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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%

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.

quick assets/total current liabilities=1.1×

Based on the most recent quarter.

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 quick ratio?: Asana (ASAN) reported quick ratio of 1.1× in Q1 2026.
How has Asana's quick ratio changed year-over-year?: Asana's quick ratio decreased by 22.1% year-over-year, from 1.5× to 1.1×.
What is the long-term trend for Asana's quick ratio?: Over 5 years (2021 to 2026), Asana's quick ratio has grown at a -15.4% compound annual growth rate (CAGR), from 2.7× to 1.2×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.