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Software - Application · Technology · Fiscal year ends Jan 31
Asana reported revenue of $791M in the fiscal year ended Jan 2026, up 9.2% from the year before. Operating income was −$197M, an operating margin of −25.0%, and net income was −$189M. Operating cash flow of $90M less capital expenditure of $4M left free cash flow of $87M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | 378 | 547 | 653 | 724 | 791 |
| Cost of revenue | 38.9 | 56.6 | 64.5 | 77.2 | 86.8 |
| Gross profit | 340 | 491 | 588 | 647 | 704 |
| Research & development | 203 | 297 | 325 | 341 | 301 |
| Selling, general & admin | 402 | 601 | 533 | 572 | 600 |
| Operating income | −265 | −408 | −270 | −267 | −197 |
| Interest expense | 18.4 | 2.0 | 4.0 | 3.7 | 3.1 |
| Pre-tax income | −285 | −403 | −253 | −251 | −184 |
| Income tax | 3.2 | 4.9 | 3.7 | 4.8 | 4.9 |
| Net income | −288 | −408 | −257 | −256 | −189 |
| Diluted EPS | −1.63 | −2.04 | −1.17 | −1.11 | −0.80 |
| Diluted shares | 176 | 200 | 220 | 229 | 237 |
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 240 | 527 | 237 | 185 | 200 |
| Receivables | 59.1 | 82.4 | 88.3 | 87.6 | 110 |
| Current assets | 411 | 660 | 660 | 601 | 593 |
| Net PP&E | 99.6 | 95.0 | 96.5 | 95.8 | 88.3 |
| Goodwill | – | – | – | – | 0.0 |
| Total assets | 707 | 955 | 962 | 891 | 844 |
| Payables | 11.6 | 7.6 | 6.9 | 9.9 | 18.8 |
| Deferred revenue | 170 | 226 | 265 | 301 | 334 |
| Current liabilities | 255 | 332 | 367 | 416 | 501 |
| Short-term debt | – | – | – | 0.0 | 40.8 |
| Total liabilities | 503 | 598 | 636 | 664 | 690 |
| Shareholders' equity | 204 | 357 | 326 | 228 | 154 |
| Backlog (remaining obligations) | 218 | 299 | 349 | 431 | 525 |
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −83.8 | −160 | −17.9 | 14.9 | 90.4 |
| Capital expenditure | 41.6 | 5.4 | 7.7 | 5.6 | 3.8 |
| Free cash flow | −125 | −165 | −25.7 | 9.4 | 86.6 |
| Depreciation & amortisation | 8.5 | 12.7 | 14.3 | 17.5 | 22.0 |
| Stock-based compensation | 105 | 189 | 202 | 211 | 215 |
| Share buybacks | 0.0 | 0.0 | 0.0 | 78.4 | 132 |
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 44.6% | 19.2% | 10.9% | 9.2% |
| Gross margin | 89.7% | 89.7% | 90.1% | 89.3% | 89.0% |
| Operating margin | −70.1% | −74.5% | −41.4% | −36.8% | −25.0% |
| Net margin | −76.2% | −74.5% | −39.4% | −35.3% | −23.9% |
| Return on equityBlank when equity is negative | −141.5% | −114.4% | −78.7% | −112.3% | −122.6% |
| ROCEEBIT ÷ (assets − current liabilities) | −58.7% | −65.5% | −45.4% | −56.1% | −57.5% |
| Free cash flow margin | −33.1% | −30.2% | −3.9% | 1.3% | 10.9% |
| Cash conversion (CFO ÷ net income) | 0.29x | 0.39x | 0.07x | −0.06x | −0.48x |
| Receivable days | 57 | 55 | 49 | 44 | 51 |
| Payable days | 108 | 49 | 39 | 47 | 79 |
| Interest cover | −14.4x | −204x | −68.3x | −72.4x | −62.7x |
| Current ratio | 1.61x | 1.99x | 1.80x | 1.44x | 1.18x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.