Asana ASAN Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 88.5%-0.5pp | 89%-0.5pp | 89.5%-0.1pp | 89.6%+0.2pp | 89.4%0.0pp | |
| Operating margin | -20.9%+4.1pp | -25%+4.4pp | -29.3%-0.6pp | -28.7%+4.4pp | -33.1%+3.8pp | |
| Net margin | -20.2%+3.7pp | -23.9%+4.4pp | -28.3%-0.8pp | -27.5%+3.9pp | -31.4%+3.9pp | |
| EBITDA margin | -18%+4.2pp | -22.2%+4.5pp | -26.7%-0.5pp | -26.1%+4.4pp | -30.6%+3.8pp | |
| Free cash flow margin | 14.6%+3.6pp | 10.9%+1.3pp | 9.6%+4.0pp | 5.7%+3.2pp | 2.5%+1.2pp | |
| Returns | ||||||
| Return on equity | -87.6%+11.5pp | -99.1%+3.4pp | -102.5%-21.9pp | -80.5%+2.8pp | -83.4%+8.9pp | |
| Return on assets | -19.4%+2.4pp | -21.8%+3.8pp | -25.6%-2.8pp | -22.8%+2.2pp | -25%+2.6pp | |
| Return on invested capital | -59.2%+18.3pp | -77.5%-3.1pp | -74.4%-10.9pp | -63.5%+4.5pp | -68%+11.2pp | |
| Efficiency | ||||||
| Asset turnover | 1×0.0× | 0.9×0.0× | 0.9×+0.1× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.1×0.0× | 1.2×-0.2× | 1.4×0.0× | 1.4×-0.1× | 1.5×0.0× | |
| Quick ratio | 1.1×0.0× | 1.2×-0.2× | 1.4×0.0× | 1.4×-0.1× | 1.5×0.0× | |
| Cash ratio | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×-0.1× | 0.5×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.1×+0.5× | 1.6×+0.1× | 1.5×+0.2× | 1.3×0.0× | 1.3×+0.1× | |
| Debt-to-assets | 0.4×+0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Interest coverage | -56.1×+6.6× | -62.7×+8.1× | -70.8×-6.4× | -64.4×+4.9× | -69.2×+3.2× | |
| Per Share | ||||||
| Book value per share | $0.58-11.6% | $0.65-17.8% | $0.79-16.7% | $0.95-5.5% | $1.01+1.5% | |
| Valuation | ||||||
| Market capitalization | $1.5B-38.3% | $2.43B-26.8% | $3.32B-3.9% | $3.45B-7.2% | $3.72B-23.7% | |
| Enterprise value | $1.59B-35.8% | $2.48B-27.6% | $3.42B-3.8% | $3.56B-7.0% | $3.83B-22.8% | |
| Price / sales | 1.9×-1.2× | 3.1×-1.2× | 4.3×-0.3× | 4.6×-0.5× | 5×-1.7× | |
| Price / book | 11×-4.8× | 15.8×-1.9× | 17.6×+2.2× | 15.4×-0.4× | 15.8×-5.7× | |
| EV / sales | 2×-1.2× | 3.1×-1.3× | 4.4×-0.3× | 4.7×-0.5× | 5.2×-1.7× | |
| Free cash flow yield | 7.9%+4.3pp | 3.6%+1.3pp | 2.2%+1.0pp | 1.2%+0.7pp | 0.5%+0.3pp | |
| Earnings yield | -10.9%-3.1pp | -7.8%-1.2pp | -6.6%-0.6pp | -6%+0.2pp | -6.2%-1.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Asana's profit margins?
- Asana (ASAN) runs a 88.5% gross margin and a -20.9% operating margin, with a -20.2% net margin.
- Where do Asana's ratios come from?
- Every ratio is computed from Asana's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.