Asana, Inc. (ASAN) Key Metrics
ASAN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.26B
- Enterprise value
- $2.09B
- P/E (TTM)
- —
- Forward P/E
- 25.6
- PEG ratio
- —
- Price / sales
- 2.7 10-yr median 6.3
- Price / book
- 20.8 10-yr median 15.8
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.19
ASAN key metrics, FY2019–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsASAN valuation Price multiples at each fiscal year-end price.
Price / sales−54.6%
3.1
FY2026 · hover or tap a bar for each year
FY2019FY2026
Price / book−26.8%
15.8
FY2026 · hover or tap a bar for each year
FY2019FY2026
Price / free cash flow−94.6%
28.0
FY2026 · hover or tap a bar for each year
FY2019FY2026
Free cash flow yield+3.4 pts
3.6%
FY2026 · hover or tap a bar for each year
FY2019FY2026
ASAN returns How much profit the business earns on the capital it uses.
Return on equity−6.8 pts
−99.1%
FY2026 · hover or tap a bar for each year
FY2019FY2026
Return on assets+5.8 pts
−21.8%
FY2026 · hover or tap a bar for each year
FY2019FY2026
Free cash flow margin+9.7 pts
10.9%
FY2026 · hover or tap a bar for each year
FY2019FY2026
Asset turnover+16.7%
0.91
FY2026 · hover or tap a bar for each year
FY2019FY2026
ASAN per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+5.9%
$3.34
FY2026 · hover or tap a bar for each year
FY2019FY2026
Earnings per share
−$0.80
FY2026 · hover or tap a bar for each year
FY2019FY2026
Free cash flow per share+796.6%
$0.37
FY2026 · hover or tap a bar for each year
FY2019FY2026
Book value per share−34.4%
$0.65
FY2026 · hover or tap a bar for each year
FY2019FY2026
Shares outstanding+3.2%
236.8M
FY2026 · hover or tap a bar for each year
FY2019FY2026
ASAN financial health Debt, liquidity and how easily interest is covered.
Debt / equity+37.2%
1.62
FY2026 · hover or tap a bar for each year
FY2019FY2026
Net debt+$13.9M
−$184.6M
FY2026 · hover or tap a bar for each year
FY2019FY2026
Current ratio−18.0%
1.18
FY2026 · hover or tap a bar for each year
FY2019FY2026
Interest coverage
-62.7
FY2026 · hover or tap a bar for each year
FY2019FY2026
Debt / assets−1.9%
0.30
FY2026 · hover or tap a bar for each year
FY2019FY2026
ASAN efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+1 days
46 days
FY2026 · hover or tap a bar for each year
FY2019FY2026
Days payables outstanding+21 days
60 days
FY2026 · hover or tap a bar for each year
FY2019FY2026
Cash conversion cycle−19 days
-15 days
FY2026 · hover or tap a bar for each year
FY2019FY2026
Capex / revenue−0.3 pts
0.5%
FY2026 · hover or tap a bar for each year
FY2019FY2026
Dividends + buybacks / FCF−684.8 pts
152.7%
FY2026 · hover or tap a bar for each year
FY2019FY2026
ASAN valuation history
Fiscal year-endToday8-year median
ASAN returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASAN debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASAN cash returned to shareholders
DividendsBuybacksFree cash flow
ASAN price vs earnings per share
Share price at year-endEPS (right axis)
ASAN key metrics
FY2019–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $2.43B | $4.90B | $3.84B | $3.10B | $9.26B | $5.71B | — | — |
| Enterprise value | $2.24B | $4.70B | $3.60B | $2.84B | $9.20B | $5.91B | — | — |
| Price / sales | 3.1 | 6.8 | 5.9 | 5.7 | 24.5 | 25.2 | — | — |
| Price / book | 15.8 | 21.5 | 11.8 | 8.7 | 45.4 | — | — | — |
| Price / free cash flow | 28.0 | 523.4 | — | — | — | — | — | — |
| Price / operating cash flow | 26.9 | 328.1 | — | — | — | — | — | — |
| EV / sales | 2.8 | 6.5 | 5.5 | 5.2 | 24.3 | 26.0 | — | — |
| EV / free cash flow | 25.9 | 502.2 | — | — | — | — | — | — |
| Earnings yield | −7.8% | −5.2% | −6.7% | −13.2% | −3.1% | −3.7% | — | — |
| Free cash flow yield | 3.6% | 0.2% | −0.8% | −5.4% | −1.4% | −2.6% | — | — |
| Dividend yield | — | — | — | — | — | 3.5% | — | — |
| Shareholder yield (dividends + buybacks) | 5.4% | 1.6% | 0.0% | 0.0% | 0.0% | 3.5% | — | — |
| Share price at fiscal year-end | $10.25 | $21.34 | $17.42 | $15.50 | $52.48 | $35.37 | — | — |
| Per share | ||||||||
| Revenue per share | $3.34 | $3.15 | $2.96 | $2.74 | $2.15 | $1.41 | $0.90 | $0.51 |
| Earnings per share | −$0.80 | −$1.11 | −$1.17 | −$2.04 | −$1.63 | −$1.31 | −$0.75 | −$0.34 |
| Operating cash flow per share | $0.38 | $0.07 | −$0.08 | −$0.80 | −$0.47 | −$0.58 | −$0.25 | −$0.20 |
| Free cash flow per share | $0.37 | $0.04 | −$0.14 | −$0.84 | −$0.72 | −$0.94 | −$0.30 | −$0.22 |
| Cash per share | $1.83 | $2.03 | $2.36 | $2.65 | $1.77 | $2.39 | $2.21 | $0.59 |
| Book value per share | $0.65 | $0.99 | $1.48 | $1.78 | $1.16 | −$0.08 | −$0.92 | −$1.21 |
| Tangible book value per share | $0.65 | $0.99 | $1.48 | $1.78 | $1.16 | −$0.08 | −$0.92 | −$1.21 |
| Dividends per share | — | — | — | — | — | $1.25 | $1.96 | — |
| Capex per share | $0.02 | $0.02 | $0.06 | $0.04 | $0.24 | $0.36 | $0.05 | $0.02 |
| Debt per share | $1.05 | $1.17 | $1.26 | $1.36 | $1.45 | $3.63 | $1.42 | $0.02 |
| Shares outstanding | 236.8M | 229.5M | 220.4M | 200.0M | 176.4M | 161.5M | 158.7M | 149.6M |
| Change in shares outstanding | +3.2% | +4.1% | +10.2% | +13.4% | +9.2% | +1.8% | +6.1% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −99.1% | −92.3% | −75.3% | −145.5% | −301.8% | — | — | — |
| Return on invested capital (ROIC) | — | −370.2% | −232.3% | −261.7% | −125.4% | — | — | — |
| Return on assets (ROA) | −21.8% | −27.6% | −26.8% | −49.1% | −40.1% | −36.7% | −44.3% | −44.8% |
| Return on tangible assets | −22.4% | −28.7% | −26.7% | −42.7% | −40.8% | −29.0% | −28.1% | −44.8% |
| Free cash flow margin | 10.9% | 1.3% | −4.8% | −30.6% | −33.4% | −66.6% | −33.2% | −43.8% |
| Financial health | ||||||||
| Total debt | $249.4M | $268.4M | $277.9M | $271.5M | $255.6M | $585.9M | $225.2M | $2.3M |
| Cash & short-term investments | $434.0M | $466.9M | $519.5M | $529.3M | $312.0M | $386.3M | $351.3M | $88.0M |
| Net debt | −$184.6M | −$198.5M | −$241.6M | −$257.8M | −$56.4M | $199.6M | −$126.1M | −$85.7M |
| Debt / equity | 1.62 | 1.18 | 0.85 | 0.76 | 1.25 | — | — | — |
| Debt / assets | 0.30 | 0.30 | 0.29 | 0.28 | 0.36 | 0.80 | 0.53 | 0.02 |
| Current ratio | 1.18 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.80 | 2.37 |
| Quick ratio | 1.18 | 1.44 | 1.80 | 1.99 | 1.61 | 2.73 | 3.67 | 2.18 |
| Interest coverage | -62.7 | -72.4 | -68.3 | -203.9 | -14.4 | -4.9 | — | — |
| Working capital | $92.3M | $184.9M | $292.5M | $328.1M | $156.2M | $282.3M | $280.5M | $59.7M |
| Invested capital | −$30.5M | $29.0M | $84.8M | $98.8M | $147.4M | $186.8M | −$271.4M | −$266.7M |
| Tangible asset value | $154.1M | $227.5M | $326.4M | $356.6M | $203.8M | −$12.8M | −$145.3M | −$181.0M |
| Net current asset value | −$96.6M | −$63.2M | $24.2M | $62.0M | −$91.8M | −$298.1M | −$186.4M | −$191.6M |
| Graham net-net per share | −$0.73 | −$0.57 | −$0.23 | −$0.04 | −$0.83 | −$2.07 | −$1.26 | −$1.33 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | — | — | $201.4M | $311.7M | — |
| Share buybacks (net) | $132.2M | $78.4M | $10,000 | $9,000 | $40,000 | $33,000 | $77,000 | $14,000 |
| Dividends + buybacks / free cash flow | 152.7% | 837.5% | — | — | — | — | — | — |
| Capex / revenue | 0.5% | 0.8% | 2.0% | 1.3% | 11.3% | 25.7% | 5.1% | 4.4% |
| Capex / operating cash flow | 4.2% | 37.3% | — | — | — | — | — | — |
| Capex / depreciation | 0.17 | 0.32 | 0.92 | 0.56 | 5.05 | 16.73 | 3.25 | 0.81 |
| Stock-based compensation / revenue | 27.2% | 29.2% | 31.0% | 34.5% | 27.6% | 15.1% | 33.9% | 11.1% |
| R&D / revenue | 38.1% | 47.2% | 49.8% | 54.3% | 53.7% | 53.4% | 62.9% | 55.5% |
| SG&A / revenue | 75.9% | 79.0% | 81.7% | 109.9% | 106.1% | 111.3% | 107.1% | 94.3% |
| Efficiency | ||||||||
| Days sales outstanding | 45.7 | 44.3 | 47.7 | 47.2 | 44.0 | 36.1 | 23.4 | 26.6 |
| Days of inventory on hand | — | — | 0.0 | 0.0 | — | 83.6 | 196.7 | 217.9 |
| Days payables outstanding | 60.5 | 39.8 | 40.9 | 61.7 | 99.3 | 108.9 | 102.8 | 96.2 |
| Cash conversion cycle (days) | -14.8 | 4.6 | 6.8 | -14.5 | -55.2 | 10.8 | 117.3 | 148.3 |
| Receivables turnover | 7.99 | 8.23 | 7.65 | 7.74 | 8.29 | 10.12 | 15.62 | 13.72 |
| Payables turnover | 6.04 | 9.17 | 8.92 | 5.92 | 3.68 | 3.35 | 3.55 | 3.79 |
| Inventory turnover | — | — | 64,524,000.00 | 56,559,000.00 | — | 4.36 | 1.86 | 1.68 |
| Asset turnover | 0.91 | 0.78 | 0.68 | 0.66 | 0.53 | 0.39 | 0.53 | 0.67 |
| Average receivables | $98.9M | $87.9M | $85.3M | $70.7M | $45.6M | $22.4M | $9.1M | $5.6M |
| Average payables | $14.4M | $8.4M | $7.2M | $9.6M | $10.6M | $8.6M | $5.6M | $3.6M |
| Average inventory | — | — | $1 | $1 | — | $6.6M | $10.7M | $8.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from ASAN's annual financial statements (latest annual report filed March 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ASAN valuation and financial ratios
Asana earned a return on equity of −99.1% in fiscal 2026. It ended the year with $249.4 million of debt and $434.0 million in cash and short-term investments, a net cash position of $184.6 million. It returned $132.2 million to shareholders: $0 in dividends and $132.2 million in share buybacks, 153% of free cash flow. The share count rose 58.3% from 149.6M to 236.8M over 7 years.
See the ASAN income statement, the ASAN chart for price history, or the ASAN stock overview for the latest quote and news.
ASAN key metrics FAQ
What is Asana's return on equity?
Asana's return on equity (ROE) was −99.1% in fiscal 2026: net income of -$189.0 million on average shareholders' equity of $190.8 million.
How much debt does Asana have?
Asana had total debt of $249.4 million at the end of fiscal 2026, a debt-to-equity ratio of 1.62 and more cash than debt.
Does Asana buy back its shares?
Yes. Asana spent $132.2 million on net share repurchases in fiscal 2026 Shares outstanding changed +3.2% over the year, to 236.8M..
What is Asana's free cash flow yield?
Asana generated $86.6 million of free cash flow in fiscal 2026, a free cash flow yield of 3.6% on its market value at year-end ($2.4 billion).
What is Asana's current ratio?
Asana's current ratio was 1.18 at the end of fiscal 2026: current assets were 1.18 times current liabilities.