Asana, Inc.

Listed Company

ASANCIK 0001477720NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$790.81M

Net Income

$-189.02M

Total Assets

$844.09M

Equity

$154.12M

Shares Out

224.73M

Op. Cash Flow

$90.36M

Business

Asana, Inc. is an enterprise work management software platform that unifies teams to set and track goals, drive initiatives, and manage work. It provides a cloud-native SaaS platform with a tiered core product, Asana AI Studio, APIs, integrations, and professional services. The company operates via a hybrid go-to-market—product-led growth, direct sales, and channel partners—and supports use cases including project and process management, goals and reporting, resource management, and portfolio planning. Asana serves customers globally through its website, free trials, direct sales, and a partner network across more than 50 countries.

Summary from filing dated 2025-03-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenues	791	724	653	547	378
Cost of revenues	87	77	65	57	39
Gross profit	704	647	588	491	340
Research and development	301	341	325	297	203
Sales and marketing	407	420	392	435	283
General and administrative	193	152	141	166	119
Total operating expenses	901	913	858	898	605
Loss from operations	−197	−267	−270	−408	−265
Interest income and other income (expense), net	16	20	21	7	−2
Interest expense	−3	−4	−4	−2	—
Loss before provision for income taxes	−184	−251	−253	−403	−285
Provision for income taxes	5	5	4	5	3
Net loss	−189	−256	−257	−408	−288
Basic (in usd per share)	−0.8	−1.11	−1.17	−2.04	−1.63
Diluted (in usd per share)	−0.8	−1.11	−1.17	−2.04	−1.63
Basic (in shares)	237	229	220	200	176
Diluted (in shares)	237	229	220	200	176

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	200	185	237	527	240
Marketable securities	234	282	283	3	—
Restricted cash	400,000	100,000	0	—	—
Accounts receivable, net	110	88	88	82	59
Prepaid expenses and other current assets	49	46	52	49	40
Total current assets	593	601	660	660	411
Property and equipment, net	88	96	97	95	100
Operating lease right-of-use assets	133	167	182	176	174
Other assets	29	28	24	23	19
Total assets	844	891	962	955	707
Accounts payable	19	10	7	8	12
Accrued expenses and other current liabilities	124	83	76	83	61
Deferred revenue, current	334	301	265	226	170
Operating lease liabilities, current	25	22	19	15	13
Total current liabilities	501	416	367	332	255
Term loan, net, noncurrent	0	39	44	47	35
Deferred revenue, noncurrent	220,000	2	6	7	4
Operating lease liabilities, noncurrent	184	202	215	210	208
Other liabilities	5	5	4	2	891,000
Total liabilities	690	664	636	598	503
Commitments and contingencies (Note 7)	—	—	—	—	—
Common stock, $0.00001 par value; Class A common stock - 1,000,000 shares authorized as of January 31, 2026 and January 31, 2025; 162,019 and 147,476 shares issued and outstanding as of January 31, 2026 and January 31, 2025, respectively; Class B common stock - 500,000 shares authorized as of January 31, 2026 and January 31, 2025; 75,897 and 85,412 shares issued and outstanding as of January 31, 2026 and January 31, 2025, respectively	2,000	2,000	2,000	2,000	2,000
Additional paid-in capital	2,300	2,060	1,821	1,595	1,034
Accumulated other comprehensive income (loss)	4	−4	−236,000	−873,000	−626,000
Accumulated deficit	−2,150	−1,828	−1,495	−1,238	−830
Total stockholders equity	154	228	326	357	204
Total liabilities and stockholders equity	844	891	962	955	707

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Allowance for expected credit losses	2	3	3	2	2
Depreciation and amortization	22	18	14	13	8
Amortization of deferred contract acquisition costs	28	26	22	15	9
Stock-based compensation expense	215	211	202	189	105
Net accretion of discount on marketable securities	−2	−6	−3	62,000	784,000
Non-cash lease expense	18	18	18	16	17
Impairment of long-lived assets	31	7	5	—	—
Amortization of discount on revolving credit facility and term loan issuance costs	122,000	122,000	122,000	41,000	11
Accounts receivable	−23	−5	−10	−25	−27
Prepaid expenses and other current assets	−29	−20	−26	−24	−24
Other assets	−631,000	−4	−468,000	−4	−11
Accounts payable	7	4	−569,000	−4	7
Accrued expenses and other liabilities	3	7	−5	26	24
Deferred revenue	31	32	38	59	68
Operating lease liabilities	−23	−20	−19	−14	8
Net cash provided by (used in) operating activities	90	15	−18	−160	−84
Purchases of marketable securities	−179	−234	−319	−72	−62
Sales of marketable securities	23	0	18,000	0	373,000
Maturities of marketable securities	206	241	43	144	132
Purchases of property and equipment	−4	−6	−8	−5	−42
Capitalized internal-use software costs	−10	−7	−5	−2	−1
Net cash provided by (used in) investing activities	37	−6	−289	64	28
Repayment of term loan	−4	−3	−3	−38	−2
Repurchases of common stock	−132	−78	0	−9,000	−40,000
Proceeds from exercise of stock options	5	9	5	6	17
Proceeds from employee stock purchase plan	13	14	15	17	13
Taxes paid related to net share settlement of equity awards	0	−5,000	−10,000	0	0
Net cash (used in) provided by financing activities	−118	−58	17	381	37
Effect of foreign exchange rates on cash, cash equivalents, and restricted cash	6	−3	389,000	335,000	−461,000
Net increase (decrease) in cash, cash equivalents, and restricted cash	15	−52	−290	286	−19
Cash paid for income taxes	5	4	3	4	1
Cash paid for interest	3	6	4	2	833,000
Purchase of property and equipment in accounts payable and accrued expenses	3	633,000	140,000	598,000	571,000
Stock-based compensation expense capitalized for software development	7	5	4	959,000	673,000

Filings

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