Asana, Inc. (ASAN) AI Stock Analysis

Asana, Inc. operates a work management platform designed for individuals, team leaders, and executives worldwide, facilitating task orchestration from daily operations to complex cross-functional initiatives. Founded in 2008 and based in San Francisco, California, the company empowers organizations to streamline workflows, coordinate product launches, execute marketing campaigns, and set organization-wide goals. The platform provides tools to manage projects, track progress, allocate resources, and optimize productivity in real-time. It supports strategic planning by offering visibility into project timelines, dependencies, and milestones, fostering communication, collaboration, transparency, and accountability across diverse sectors including technology, healthcare, and financial services.

Asana achieved a 5-year revenue CAGR of 28.4% from FY2021 to FY2026, growing annual revenue from $378.4M in FY2022 to $790.8M in FY2026. However, annual revenue growth has slowed from 66.7% in FY2022 and 44.6% in FY2023 to 19.2% in FY2024, 10.9% in FY2025, and 9.2% in FY2026. Gross margin has remained steady at 89.0% in FY2026 compared to 89.7% in FY2022. Net losses narrowed from -$288.3M in FY2022 and -$407.8M in FY2023 to -$189.0M in FY2026, bringing net margin to -23.9%. For the trailing twelve months ending July 31, 2026, revenue totaled $828.1M with quarterly revenue growth of 9.9% year-over-year.

As of July 31, 2026, Asana held $339.9M in cash and short-term investments against total debt of $258.3M, leaving net cash of $81.5M. The company reported a current ratio of 0.92 and total assets of $816.1M against shareholders' equity of $104.3M, yielding a debt-to-equity ratio of 2.48. In FY2026, operating cash flow reached $90.4M and free cash flow was $86.6M. Capital expenditures were $3.8M, while share buybacks totaled $132.2M.

At a last close of $9.86 on October 16, 2026, Asana carries a market cap of $2.26B and an enterprise value of $2.09B. The stock trades at a forward P/E of 25.6x, above the median of its US-listed Technology peers of 18.8x. Its price-to-sales multiple is 2.7x and enterprise value-to-revenue is 2.5x, compared to the peer median price-to-sales of 2.8x. Over the past year, Asana shares delivered a return of -29.5%, underperforming the S&P 500 benchmark return of 16.8%. Over five years, the stock returned -91.5% compared to 83.0% for the S&P 500.

Wall Street coverage consists of 4 Strong Buy, 1 Buy, 8 Hold, 0 Sell, and 2 Strong Sell ratings. The mean price target of $10.08 stands 2.2% above the last close of $9.86. For the fiscal year ending January 31, 2027, consensus estimates project revenue of $861.6M and EPS of $0.37, representing EPS growth of 38.1%. For the following fiscal year, 15 analysts project revenue of $929.3M and EPS of $0.45. Asana beat EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for December 1, 2026.

This page is an AI-written research summary of Asana, Inc. (ASAN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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