ASAN - Asana, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$12.29
DETAILS
HIGH:
$18.00
LOW:
$7.00
MEDIAN:
$14.00
CONSENSUS:
$12.29
UPSIDE:
85.65%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 790.8 | 723.9 | 652.5 | 547.2 | 378.4 | 227.0 | 142.6 | 76.8 |
| Cost of Revenue | 86.8 | 77.2 | 64.5 | 56.6 | 38.9 | 28.7 | 19.9 | 13.8 |
| Gross Profit | 704.0 | 646.7 | 588.0 | 490.7 | 339.5 | 198.3 | 122.7 | 62.9 |
| Operating Expenses | ||||||||
| R&D Expenses | 301.5 | 341.5 | 324.7 | 297.2 | 203.1 | 121.1 | 89.7 | 42.6 |
| SG&A Expenses | 599.9 | 572.0 | 533.3 | 601.3 | 401.6 | 252.7 | 152.7 | 72.4 |
| Other Expenses | 0 | 0 | 0 | (1.8) | (1.1) | (0.0) | (0.4) | (0.2) |
| Operating Expenses | 901.4 | 913.4 | 858.0 | 898.5 | 604.7 | 373.8 | 242.4 | 115.0 |
| Operating Income | ||||||||
| Operating Income | (197.3) | (266.7) | (270.0) | (407.8) | (265.2) | (175.6) | (119.6) | (52.0) |
| Interest Expense | 16.3 | 3.7 | 4.0 | 2 | 18.4 | 36.2 | 0.1 | 0 |
| Interest Income | 0 | 19.8 | 21.1 | 7.9 | 0.5 | 1.0 | 1.8 | 1.1 |
| Profitability | ||||||||
| EBITDA | (145.8) | (229.5) | (235.0) | (388.2) | (258.3) | (154.1) | (116.0) | (46.7) |
| EBIT | (167.9) | (247.1) | (249.4) | (400.9) | (266.7) | (174.0) | (118.3) | (50.9) |
| Income Before Tax | (184.2) | (250.8) | (253.3) | (402.9) | (285.1) | (210.2) | (118.3) | (50.9) |
| Income Tax Expense | 4.9 | 4.8 | 3.7 | 4.9 | 3.2 | 1.5 | 0.2 | 0.0 |
| Net Income | (189.0) | (255.5) | (257.0) | (407.8) | (288.3) | (211.7) | (118.6) | (50.9) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.80 | -1.11 | -1.17 | -2.04 | -1.63 | -1.31 | -0.75 | -0.34 |
| EPS (Diluted) | -0.80 | -1.11 | -1.17 | -2.04 | -1.63 | -1.31 | -0.75 | -0.34 |
| Shares Outstanding | 236.8 | 229.5 | 220.4 | 200.0 | 176.4 | 161.5 | 158.7 | 149.6 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 199.8 | 184.7 | 236.7 | 526.6 | 240.4 | 259.9 | 306.0 | 23.8 |
| Short-Term Investments | 234.2 | 282.2 | 282.8 | 2.7 | 71.6 | 126.4 | 45.3 | 64.2 |
| Net Receivables | 110.3 | 87.6 | 88.3 | 82.4 | 59.1 | 32.2 | 12.7 | 5.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.3 |
| Other Current Assets | 49.0 | 28.9 | 26.9 | 23.6 | 17.3 | 10.6 | 6.2 | 2.1 |
| Total Current Assets | 593.3 | 600.7 | 659.7 | 660.4 | 411.4 | 445.8 | 380.6 | 103.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 221.7 | 262.4 | 278.3 | 271.2 | 273.7 | 257.4 | 30.9 | 4.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.8 | 19.1 | 4.7 | 2.8 |
| Other Non-Current Assets | 29.0 | 28.3 | 24.0 | 23.4 | 19.2 | 8.9 | 5.5 | 3.7 |
| Total Non-Current Assets | 250.7 | 290.7 | 302.2 | 294.6 | 295.6 | 285.4 | 41.1 | 10.6 |
| Total Assets | 844.1 | 891.4 | 962.0 | 955.0 | 707.0 | 731.1 | 421.7 | 113.7 |
| Current Liabilities | ||||||||
| Account Payables | 18.8 | 9.9 | 6.9 | 7.6 | 11.6 | 9.6 | 7.5 | 3.6 |
| Short-Term Debt | 24.8 | 5.3 | 0 | 0 | 12.6 | 0 | 0 | 0 |
| Deferred Revenue | 333.6 | 300.8 | 265.3 | 226.4 | 170.1 | 103.9 | 62.7 | 31.9 |
| Other Current Liabilities | 123.7 | 17.8 | 22.8 | 61.2 | 31.4 | 31.0 | 14.8 | 5.6 |
| Total Current Liabilities | 501.0 | 415.8 | 367.2 | 332.3 | 255.2 | 163.5 | 100.1 | 43.5 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 183.7 | 39.3 | 43.6 | 46.7 | 34.6 | 380.7 | 203.1 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | (4.1) | (2) | (1.4) | 0 |
| Other Non-Current Liabilities | 5.2 | 5.0 | 3.7 | 2.2 | 5.0 | 3.0 | 253.3 | 251.3 |
| Total Non-Current Liabilities | 189.0 | 248.1 | 268.4 | 266.1 | 248.0 | 580.4 | 466.9 | 251.3 |
| Total Liabilities | 690.0 | 663.9 | 635.6 | 598.4 | 503.2 | 743.9 | 567.0 | 294.8 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (2,149.7) | (1,828.5) | (1,494.6) | (1,237.6) | (829.8) | (541.4) | (329.7) | (211.1) |
| Accumulated Other Comprehensive Income | 4.2 | (3.9) | (0.2) | (0.9) | (0.6) | 0.0 | (0.1) | (0.1) |
| Total Stockholders' Equity | 154.1 | 227.5 | 326.4 | 356.6 | 203.8 | (12.8) | (145.3) | (181.0) |
| Total Liabilities & Equity | 844.1 | 891.4 | 962.0 | 955.0 | 707.0 | 731.1 | 421.7 | 113.7 |
| Debt Metrics | ||||||||
| Total Debt | 208.6 | 268.4 | 277.9 | 271.5 | 255.6 | 585.9 | 225.2 | 0 |
| Net Debt | 8.8 | 83.7 | 41.2 | (255.0) | 15.2 | 326.0 | (80.8) | (23.8) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (189.0) | (255.5) | (257.0) | (407.8) | (288.3) | (211.7) | (118.6) | (50.9) |
| Depreciation & Amortization | 22.0 | 17.5 | 14.3 | 12.7 | 8.5 | 3.5 | 2.2 | 4.2 |
| Stock-Based Compensation | 214.8 | 211.3 | 202.4 | 189.0 | 104.5 | 34.2 | 48.4 | 8.5 |
| Change in Working Capital | (34.2) | (6.8) | (22.6) | 13.4 | 46.0 | 23.3 | 18.2 | 8.3 |
| Other Non-Cash Items | 76.7 | 48.5 | 44.9 | 32.7 | 45.6 | 56.5 | 9.9 | 0.3 |
| Operating Cash Flow | 90.4 | 14.9 | (17.9) | (160.1) | (83.8) | (92.9) | (40.1) | (30.2) |
| Investing Activities | ||||||||
| Capital Expenditure | (3.8) | (5.6) | (13.2) | (7.2) | (42.7) | (58.3) | (7.3) | (3.4) |
| Acquisitions | 0 | 0 | 0 | 1.8 | 1.1 | 1.0 | 0.4 | 0.6 |
| Purchases of Investments | (179.2) | (234.4) | (319.1) | (72.2) | (62.4) | (191.6) | (77.8) | (103.2) |
| Sales/Maturities of Investments | 229.7 | 240.6 | 43.2 | 143.9 | 132.7 | 90.9 | 97.7 | 62.0 |
| Other Investing Activities | (9.6) | (6.7) | (5.4) | (1.8) | (1.1) | (0.9) | (0.4) | (0.6) |
| Investing Cash Flow | 37.2 | (6.1) | (289.1) | 64.5 | 27.6 | (158.9) | 12.7 | (44.7) |
| Financing Activities | ||||||||
| Net Debt Issuance | (3.8) | (2.5) | (3.1) | 11.2 | 7.3 | 180.9 | 300 | 0 |
| Stock Repurchased | (132.2) | (78.4) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.0) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 22.8 | 19.9 | 22.9 | 29.9 | 20.5 | 11.7 | 4.3 |
| Financing Cash Flow | (117.9) | (58.1) | 16.8 | 381.4 | 37.2 | 201.0 | 311.6 | 55.3 |
| Cash Position | ||||||||
| Net Change in Cash | 15.4 | (51.8) | (289.9) | 286.2 | (19.5) | (50.8) | 284.1 | (19.5) |
| Cash at Beginning | 184.9 | 236.7 | 526.6 | 240.4 | 259.9 | 310.7 | 26.6 | 46.1 |
| Cash at End | 200.3 | 184.9 | 236.7 | 526.6 | 240.4 | 259.9 | 310.7 | 26.6 |
| Free Cash Flow | 86.6 | 9.4 | (31.1) | (167.2) | (126.5) | (151.2) | (47.4) | (33.6) |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 790.8 | 723.9 | 652.5 | 547.2 | 378.4 | 227.0 | 142.6 | 76.8 |
| Gross Profit | 704.0 | 646.7 | 588.0 | 490.7 | 339.5 | 198.3 | 122.7 | 62.9 |
| Operating Income | (197.3) | (266.7) | (270.0) | (407.8) | (265.2) | (175.6) | (119.6) | (52.0) |
| Net Income | (189.0) | (255.5) | (257.0) | (407.8) | (288.3) | (211.7) | (118.6) | (50.9) |
| EPS (Diluted) | -0.80 | -1.11 | -1.17 | -2.04 | -1.63 | -1.31 | -0.75 | -0.34 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 199.8 | 184.7 | 236.7 | 526.6 | 240.4 | 259.9 | 306.0 | 23.8 |
| Total Assets | 844.1 | 891.4 | 962.0 | 955.0 | 707.0 | 731.1 | 421.7 | 113.7 |
| Total Debt | 208.6 | 268.4 | 277.9 | 271.5 | 255.6 | 585.9 | 225.2 | 0 |
| Stockholders' Equity | 154.1 | 227.5 | 326.4 | 356.6 | 203.8 | (12.8) | (145.3) | (181.0) |
| Cash Flow | ||||||||
| Operating Cash Flow | 90.4 | 14.9 | (17.9) | (160.1) | (83.8) | (92.9) | (40.1) | (30.2) |
| Capital Expenditure | (3.8) | (5.6) | (13.2) | (7.2) | (42.7) | (58.3) | (7.3) | (3.4) |
| Free Cash Flow | 86.6 | 9.4 | (31.1) | (167.2) | (126.5) | (151.2) | (47.4) | (33.6) |