Asana, Inc.
Financial Performance
Asana Revenue & Financials
Revenue
$790.8M (FY2026)
Market Cap
$2.2B
Employees
1,767
What is Asana's revenue?
Asana had $790.8M in revenue for fiscal year 2026, up 9.2% from 2025. It reported a net loss of $189M.
- Latest revenue
- $790.8M (FY2026)
- Year-over-year
- +9.2%
- Growth rate (CAGR)
- 39.5% over 7 years
- Peak revenue
- $790.8M (FY2026)
- Years of data
- 8
- Employees
- 1,767
Financial Analysis
Asana's fiscal year ends January 31. Revenue grew from $76.8 million in fiscal 2019 to $790.8 million in fiscal 2026, but growth has slowed every year since fiscal 2022, from 66.7% to 9.2%. The trade has been margin for growth: gross profit was $704.0 million in fiscal 2026, an 89% margin, non-GAAP operating income turned positive at $56.7 million against a $40.8 million loss a year earlier, and adjusted free cash flow jumped to $84.5 million from $2.6 million. The GAAP net loss was still $189.0 million, down 26% from fiscal 2025, mostly because of stock-based compensation. Asana held $434.0 million in cash, cash equivalents and marketable securities at January 31, 2026, plus an undrawn senior secured credit facility it entered into with Silicon Valley Bank in November 2022. In the second quarter of fiscal 2027, reported September 3, 2026, revenue rose 10% to $216.4 million and non-GAAP operating margin reached about 10%, and the company raised its full-year guidance. Asana, Inc. is a leading enterprise work management platform, commanding a market valuation historically around the multi-billion dollar mark.
Revenue Trend Analysis
YoY Change
+9.2%
7-Year CAGR
+39.5%
Peak Year
2026
Trend
Consistent Growth
Asana, Inc. has 8 full fiscal year figures on this page, compounding at +39.5% annually over 7 years. The most recent year saw a 9.2% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $790.8M. Of 7 comparable year-over-year steps, 7 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $790.8M | -$197.3Mfiling | -$189M | +9.2% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-13) Fiscal year ended 2026-01-31. Gross profit 704,047 thousand USD. |
| FY2025 | $723.9M | -$266.7Mfiling | -$255.5M | +10.9% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-13) Fiscal year ended 2025-01-31. |
| FY2024 | $652.5M | -$270Mfiling | -$257M | +19.2% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-13) Fiscal year ended 2024-01-31. |
| FY2023 | $547.2M | -$407.8M | -$407.8M | +44.6% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-03-18) Fiscal year ended 2023-01-31. |
| FY2022 | $378.4M | -$265.2M | -$288.3M | +66.7% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-03-14) Fiscal year ended 2022-01-31. |
| FY2021 | $227M | -$175.6M | -$211.7M | +59.2% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-24) Fiscal year ended 2021-01-31. |
| FY2020 | $142.6M | -$119.6M | -$118.6M | +85.8% | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-03-24) Fiscal year ended 2020-01-31. |
| FY2019 | $76.8M | -$52M | -$50.9M | — | Asana, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-03-30) Fiscal year ended 2019-01-31. Earliest fiscal year reported in Asana SEC filings. |
Click any row to see year details.
Asana, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jan 31, 2026 | $90.4M | $3.8M | $844.1M | $690M | $154.1M | $86.6M | Form 10-K |
| FY2025ended Jan 31, 2025 | $14.9M | $5.6M | $891.4M | $663.9M | $227.5M | $9.4M | Form 10-K |
| FY2024ended Jan 31, 2024 | -$17.9M | $7.7M | $962M | $635.6M | $326.4M | -$25.7M | Form 10-K |
| FY2023ended Jan 31, 2023 | -$160.1M | $5.4M | $955M | $598.4M | $356.6M | -$165.4M | Form 10-K |
| FY2022ended Jan 31, 2022 | -$83.8M | $41.6M | $707M | $503.2M | $203.8M | -$125.4M | Form 10-K |
| FY2021ended Jan 31, 2021 | -$92.9M | $57.3M | $731.1M | $743.9M | -$12.8M | -$150.2M | Form 10-K |
| FY2020ended Jan 31, 2020 | -$40.1M | $6.9M | $421.7M | $316.4M | -$145.3M | -$47M | Form 10-K |
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Asana Revenue and Financial FAQ
What is Asana's annual revenue scale and growth profile?
Asana reported revenue of $790.8 million for fiscal 2026, the year ended January 31, 2026, up 9.2% from $723.9 million in fiscal 2025. Growth has decelerated every year since fiscal 2022, when revenue grew 66.7%.
What is Asana's gross profit margin profile?
Gross profit was $704.0 million on $790.8 million of fiscal 2026 revenue against cost of revenues of $86.8 million, a GAAP gross margin of 89%. The platform runs as proprietary software on Amazon Web Services, which Asana names as its preferred cloud provider.
What is the breakdown of Asana's customer base by annual spend?
At January 31, 2026 Asana had more than 180,000 paying customers, of which 25,928 were Core customers spending $5,000 or more a year and 817 spent $100,000 or more. Core customers supplied 76% of fourth-quarter revenue. By July 31, 2026 the counts were 26,778 and 890.
What is Asana's balance sheet cash and debt position?
Asana held $434.0 million in cash, cash equivalents and marketable securities at January 31, 2026. It also has a senior secured credit facility entered into with Silicon Valley Bank in November 2022, since amended several times and now held by SVB as a division of First Citizens.
How much has co-founder Dustin Moskovitz invested in Asana stock purchases?
Moskovitz bought more than $1 billion of Asana stock on the open market between June 2021 and early 2022, an unusually large founder purchase, and has continued to add smaller amounts since, including roughly $6.7 million of Class A shares in July 2025.
Is Asana profitable and does it generate free cash flow?
Not on a GAAP basis. The fiscal 2026 net loss was $189.0 million. On a non-GAAP basis operating income was $56.7 million, against a $40.8 million loss in fiscal 2025, and adjusted free cash flow was $84.5 million versus $2.6 million a year earlier.
How is Asana's revenue distributed geographically?
In fiscal 2026 the United States generated $468.3 million of revenue and international markets $322.5 million, so roughly 59% of revenue came from the US and 41% from the rest of the world. Asana assigns revenue by the customer's shipping address.
What are Asana's primary operating expense categories?
Cost of revenues, research and development, sales and marketing, and general and administrative. Margin improvement in fiscal 2026 came from operating leverage, reallocating spend toward higher-return go-to-market motions, optimizing cloud and infrastructure costs, and discretionary spend discipline.
Is Asana profitable?
Historically, Asana has operated at a massive net loss, aggressively burning cash on sales and marketing to capture market share from competitors in the hyper-competitive productivity space.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Asana Revenue & Financials." CorpDigest, https://corpdigest.com/company/asana/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Asana reported $790.8M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/asana/financials" target="_blank" rel="noopener">CorpDigest — Asana financials</a></div>Related Financial Audits
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