Asana, Inc. (ASAN) Balance Sheet
ASAN balance sheet, FY2026
January 31, 2026 · U.S. dollars$844.1M assets = $690.0M liabilities + $154.1M equity
Both columns are drawn to the same scale: what ASAN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ASAN financial health
Descriptive bands, not a rating. Fiscal FY2026.
ASAN balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $113.7MFY2019 | $844.1MFY2026 | +33.2%/yr | |
| Total liabilities | $294.8MFY2019 | $690.0MFY2026 | +12.9%/yr | |
| Shareholders’ equity | −$181.0MFY2019 | $154.1MFY2026 | — | |
| Cash & short-term investments | $88.0MFY2019 | $434.0MFY2026 | +25.6%/yr | |
| Total debt | $2.3MFY2019 | $249.4MFY2026 | +95.4%/yr | |
| Net cash (debt) | $85.7MFY2019 | $184.6MFY2026 | +$99.0M | |
| Working capital | $59.7MFY2019 | $92.3MFY2026 | +$32.7M | |
| Book value per share | −$1.21FY2019 | $0.65FY2026 | — | |
| Current ratio | 2.37FY2019 | 1.18FY2026 | −1.19 | |
| Debt / equity | 1.25FY2022 | 1.62FY2026 | +0.36 | |
| Shares outstanding | 149.6MFY2019 | 236.8MFY2026 | +6.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ASAN assets
ASAN liabilities and equity
ASAN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ASAN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $434.0M | $466.9M | $519.5M | $529.3M | $312.0M | $386.3M | $351.3M | $88.0M |
| Cash & equivalents | $199.8M | $184.7M | $236.7M | $526.6M | $240.4M | $259.9M | $306.0M | $23.8M |
| Short-term investments | $234.2M | $282.2M | $282.8M | $2.7M | $71.6M | $126.4M | $45.3M | $64.2M |
| Receivables | $110.3M | $87.6M | $88.3M | $82.4M | $59.1M | $32.2M | $12.7M | $5.6M |
| Inventory | $0 | $0 | $1 | $1 | $0 | $1 | $13.2M | $8.3M |
| Other current assets | $49.0M | $46.3M | $51.9M | $48.7M | $40.3M | $27.3M | $3.5M | $1.3M |
| Total current assets | $593.3M | $600.7M | $659.7M | $660.4M | $411.4M | $445.8M | $380.6M | $103.2M |
| Property, plant & equipment (net) | $221.7M | $262.4M | $278.3M | $271.2M | $273.7M | $257.4M | $30.9M | $4.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $2.8M | $19.1M | $0 | $0 |
| Other non-current assets | $29.0M | $28.3M | $24.0M | $23.4M | $19.2M | $8.9M | $10.1M | $6.5M |
| Total assets | $844.1M | $891.4M | $962.0M | $955.0M | $707.0M | $731.1M | $421.7M | $113.7M |
| Liabilities | ||||||||
| Accounts payable | $18.8M | $9.9M | $6.9M | $7.6M | $11.6M | $9.6M | $7.5M | $3.6M |
| Short-term debt | $65.7M | $27.4M | $19.2M | $14.8M | $12.6M | $8.4M | $11.6M | $2.3M |
| Deferred revenue | $333.6M | $300.8M | $265.3M | $226.4M | $170.1M | $103.9M | $62.7M | $31.9M |
| Total current liabilities | $501.0M | $415.8M | $367.2M | $332.3M | $255.2M | $163.5M | $100.1M | $43.5M |
| Long-term debt | $0 | $39.3M | $43.6M | $46.7M | $34.6M | $380.7M | $203.1M | $0 |
| Lease obligations | $208.6M | $223.8M | $234.3M | $224.8M | $221.0M | $205.2M | $22.1M | $0 |
| Other long-term liabilities | $189.0M | $208.8M | $224.7M | $219.4M | $213.4M | $199.8M | $263.8M | $251.3M |
| Total liabilities | $690.0M | $663.9M | $635.6M | $598.4M | $503.2M | $743.9M | $567.0M | $294.8M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$2.15B | −$1.83B | −$1.49B | −$1.24B | −$829.8M | −$541.4M | −$329.7M | −$211.1M |
| Accumulated other comprehensive income | $4.2M | −$3.9M | −$236,000 | −$873,000 | −$626,000 | $39,000 | −$102,000 | −$80,000 |
| Total shareholders' equity | $154.1M | $227.5M | $326.4M | $356.6M | $203.8M | −$12.8M | −$145.3M | −$181.0M |
| Key figures | ||||||||
| Total debt | $249.4M | $268.4M | $277.9M | $271.5M | $255.6M | $585.9M | $225.2M | $2.3M |
| Net cash (debt) | $184.6M | $198.5M | $241.6M | $257.8M | $56.4M | −$199.6M | $126.1M | $85.7M |
| Working capital | $92.3M | $184.9M | $292.5M | $328.1M | $156.2M | $282.3M | $280.5M | $59.7M |
| Tangible book value | $154.1M | $227.5M | $326.4M | $356.6M | $203.8M | −$12.8M | −$145.3M | −$181.0M |
| Book value per share | $0.65 | $0.99 | $1.48 | $1.78 | $1.16 | −$0.08 | −$0.92 | −$1.21 |
| Shares outstanding | 236.8M | 229.5M | 220.4M | 200.0M | 176.4M | 161.5M | 158.7M | 149.6M |
| Current ratio | 1.18 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.37 |
| Quick ratio | 1.09 | 1.33 | 1.66 | 1.84 | 1.45 | 2.56 | 3.64 | 2.15 |
| Debt / equity | 1.62 | 1.18 | 0.85 | 0.76 | 1.25 | — | — | — |
| Equity / assets | 18.3% | 25.5% | 33.9% | 37.3% | 28.8% | −1.7% | −34.5% | −159.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $339.9M | $424.6M | $434.0M | $463.6M | $475.2M | $470.8M | $466.9M | $455.3M | $521.6M | $524.3M | $519.5M | $530.0M |
| Cash & equivalents | $219.6M | $193.7M | $199.8M | $183.5M | $184.1M | $193.8M | $184.7M | $196.8M | $219.4M | $222.0M | $236.7M | $268.3M |
| Short-term investments | $120.3M | $231.0M | $234.2M | $280.1M | $291.1M | $277.0M | $282.2M | $258.5M | $302.2M | $302.2M | $282.8M | $261.7M |
| Receivables | $78.6M | $73.5M | $110.3M | $72.3M | $69.2M | $68.1M | $87.6M | $66.9M | $65.1M | $99.8M | $88.3M | $68.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 | $40.8M |
| Other current assets | $53.3M | $52.4M | $49.0M | $51.5M | $54.1M | $49.6M | $46.3M | $49.2M | $53.6M | $50.0M | $51.9M | $5.2M |
| Total current assets | $471.8M | $550.5M | $593.3M | $587.4M | $598.5M | $588.5M | $600.7M | $571.4M | $640.3M | $674.1M | $659.7M | $644.1M |
| Property, plant & equipment (net) | $239.7M | $225.1M | $221.7M | $225.2M | $256.6M | $259.6M | $262.4M | $274.3M | $278.0M | $279.3M | $278.3M | $281.0M |
| Goodwill & intangible assets | $74.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $30.4M | $29.9M | $29.0M | $27.8M | $28.1M | $29.1M | $28.3M | $28.5M | $27.0M | $24.9M | $24.0M | $22.5M |
| Total assets | $816.1M | $805.5M | $844.1M | $840.4M | $883.2M | $877.1M | $891.4M | $874.2M | $945.4M | $978.2M | $962.0M | $947.7M |
| Liabilities | ||||||||||||
| Accounts payable | $15.4M | $25.2M | $18.8M | $13.2M | $16.3M | $7.9M | $9.9M | $12.6M | $13.8M | $12.9M | $6.9M | $10.0M |
| Short-term debt | $64.3M | $64.3M | $65.7M | $24.7M | $24.4M | $24.1M | $27.4M | $21.6M | $21.2M | $20.3M | $19.2M | $17.6M |
| Deferred revenue | $350.3M | $322.9M | $333.6M | $304.6M | $312.5M | $289.0M | $300.8M | $279.6M | $285.5M | $292.2M | $265.3M | $249.7M |
| Total current liabilities | $512.9M | $479.6M | $501.0M | $420.9M | $424.1M | $399.4M | $415.8M | $383.0M | $393.1M | $393.5M | $367.2M | $343.0M |
| Long-term debt | $0 | $0 | $0 | $35.6M | $36.8M | $38.1M | $39.3M | $39.9M | $41.1M | $42.4M | $43.6M | $44.9M |
| Lease obligations | $221.3M | $209.9M | $208.6M | $214.4M | $215.5M | $221.2M | $223.8M | $229.1M | $234.1M | $234.4M | $234.3M | $237.8M |
| Other long-term liabilities | $199.0M | $188.9M | $189.0M | $195.5M | $197.7M | $203.4M | $208.8M | $212.0M | $219.2M | $222.4M | $224.7M | $227.7M |
| Total liabilities | $711.8M | $668.5M | $690.0M | $652.1M | $658.6M | $640.8M | $663.9M | $634.9M | $653.5M | $658.3M | $635.6M | $615.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | −$2.30B | −$2.21B | −$2.15B | −$2.06B | −$1.96B | −$1.88B | −$1.83B | −$1.76B | −$1.65B | −$1.56B | −$1.49B | −$1.43B |
| Accumulated other comprehensive income | $691,000 | $2.7M | $4.2M | $1.8M | $1.3M | $2.0M | −$3.9M | −$983,000 | −$778,000 | −$2.5M | −$236,000 | −$3.3M |
| Total shareholders' equity | $104.3M | $137.0M | $154.1M | $188.4M | $224.6M | $236.3M | $227.5M | $239.3M | $291.9M | $319.9M | $326.4M | $332.2M |
| Key figures | ||||||||||||
| Total debt | $258.3M | $248.2M | $249.4M | $250.0M | $252.3M | $259.3M | $268.4M | $269.0M | $275.2M | $276.8M | $277.9M | $282.6M |
| Net cash (debt) | $81.5M | $176.4M | $184.6M | $213.7M | $222.9M | $211.5M | $198.5M | $186.3M | $246.4M | $247.5M | $241.6M | $247.4M |
| Working capital | −$41.1M | $70.8M | $92.3M | $166.5M | $174.4M | $189.1M | $184.9M | $188.3M | $247.2M | $280.6M | $292.5M | $301.2M |
| Tangible book value | $30.0M | $137.0M | $154.1M | $188.4M | $224.6M | $236.3M | $227.5M | $239.3M | $291.9M | $319.9M | $326.4M | $332.2M |
| Book value per share | $0.45 | $0.58 | $0.65 | $0.79 | $0.95 | $1.01 | $0.98 | $1.04 | $1.27 | $1.41 | $1.46 | $1.50 |
| Shares outstanding | 230.8M | 238.2M | 238.4M | 237.8M | 236.2M | 234.9M | 231.4M | 229.6M | 229.8M | 227.1M | 224.3M | 221.8M |
| Current ratio | 0.92 | 1.15 | 1.18 | 1.40 | 1.41 | 1.47 | 1.44 | 1.49 | 1.63 | 1.71 | 1.80 | 1.88 |
| Quick ratio | 0.82 | 1.04 | 1.09 | 1.27 | 1.28 | 1.35 | 1.33 | 1.36 | 1.49 | 1.59 | 1.66 | 1.74 |
| Debt / equity | 2.48 | 1.81 | 1.62 | 1.33 | 1.12 | 1.10 | 1.18 | 1.12 | 0.94 | 0.87 | 0.85 | 0.85 |
| Equity / assets | 12.8% | 17.0% | 18.3% | 22.4% | 25.4% | 26.9% | 25.5% | 27.4% | 30.9% | 32.7% | 33.9% | 35.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
ASAN financial position
At the end of fiscal 2026 (January 31, 2026), Asana had total assets of $844.1 million (down 5.3% from a year earlier), total liabilities of $690.0 million and shareholders' equity of $154.1 million. It held $434.0 million in cash and short-term investments against $249.4 million of debt, a net cash position of $184.6 million. Its current ratio was 1.18. In the latest quarter (ended July 31, 2026) total assets were $816.1 million and equity $104.3 million.
Related: ASAN income statement, ASAN cash flow statement, ASAN key metrics. See the ASAN stock overview for the latest quote and news.
ASAN balance sheet FAQ
What are Asana's total assets?
Asana reported total assets of $844.1 million at the end of fiscal 2026 (January 31, 2026), compared with $891.4 million a year earlier.
How much debt does Asana have?
Asana had $249.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.62.
How much cash does Asana have?
Asana held $434.0 million in cash and short-term investments at the end of fiscal 2026; with $249.4 million of debt that is net cash of $184.6 million.
What is Asana's book value?
Asana's shareholders' equity (book value) was $154.1 million at the end of fiscal 2026, or $0.65 per share.
What is Asana's current ratio?
Asana had current assets of $593.3 million and current liabilities of $501.0 million, a current ratio of 1.18 (it can cover its short-term obligations).