ASAN · NYSE · Software - Application

Asana (ASAN)

Runs project, goal, and AI-agent workflows on a shared work graph.

$9.08
After hours−0.04 (−0.38%)
At close$9.12(−4.45%)
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Asana, Inc.ASAN
Information Technology

Generates subscription revenue from a cloud work-management platform for projects, goals, workflows, and AI-agent coordination. Revenue is more concentrated in the United States than international markets, and operations are disclosed as one reportable segment.

Generates subscription revenue from a cloud work-management platform that organizes projects, goals, workflows, collaboration, and coordination for teams. Current product lines include the core seat-based platform, AI Teammates, AI Studio, Asana Dash, MCP and AI Connectors, and StackAI by Asana.

Serves paying customers across many countries, with revenue more concentrated in the United States than international markets. Its disclosed operating view is a single reportable segment rather than separate product or geography segments.

Executes around clarity of work, shared accountability, and workflow governance, extending its Work Graph from human coordination into agentic work. The business operates in a fragmented market shaped by productivity suites, specialist work-management tools, vertical workflow software, AI-assisted customer discovery, and founder-affiliate voting control.

Company facts

CEODaniel Rogers
ListedSep 30, 2020
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees1,767
CIK0001477720
ISINUS04342Y1047

Market cap$2.27B
EPS (ttm)−$0.6605
P/E (ttm)−14.44
ROE-105.7%
P/B21.73
P/S2.74
Dividend yieldDiv yield
Beta0.91vs XLK −0.27

Price target$9.50+4.2%Average of 20 analysts
ConsensusHold10 of 20 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 4, 2026DA DavidsonReiterate
Rating: Target: $8
Rating: NeutralTarget: $9
Sep 4, 2026UBSReiterate
Rating: Target: $8
Rating: NeutralTarget: $10
Sep 4, 2026RBC CapitalReiterate
Rating: Target: $8
Rating: Sector PerformTarget: $9.50
Sep 4, 2026Robert W. BairdTarget
Target: $13
Target: $10
Sep 4, 2026Piper SandlerReiterate
Rating: Target: $7
Rating: NeutralTarget: $9

Next report
Dec 1, 26
in 70 days
EPS estimate
$0.08
Revenue estimate
$218.1M
Fiscal quarter
Q3 FY27

EPSReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26May '26Sep '26Dec '26
Reported−$0.22$0.05$0.06$0.07$0.08$0.10$0.10Pending
Estimate−$0.01$0.03$0.05$0.06$0.07$0.08$0.09$0.08
Surprise−2,100.0%+94.3%+20.0%+12.9%+14.3%+25.0%+14.3%

RevenueReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26May '26Sep '26Dec '26
Reported$188.3M$187.3M$196.9M$201.0M$205.6M$205.1M$216.4MPending
Estimate$190.7M$186.2M$198.9M$198.8M$205.1M$203.6M$214.2M$218.1M
Surprise−1.2%+0.6%−1.0%+1.1%+0.2%+0.7%+1.1%
Estimate$0.08
ReportedDue Dec 1, 2026
Estimate$218.1M
ReportedDue Dec 1, 2026
View details

Debt to equity247.60%
Current ratio92.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$183.9M$188.3M$187.3M$196.9M$201.0M$205.6M$205.1M$216.4M
Net income−$57.3M−$62.3M−$40.0M−$48.4M−$68.4M−$32.2M−$14.4M−$39.2M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Operating income−$60.2M−$63.6M−$43.9M−$49.5M−$70.0M−$64.7M−$14.7M−$41.2M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss narrowedLoss narrowed

Balance sheet, Jul 31, 2026Cash & short-term investments $339.9M · Total debt $258.3M · Total assets $816.1M · Shareholders' equity $104.3M

Revenue
$216.4M
Operating income
−$41.2M
Net income
−$39.2M
View details

No dividends on record.

Institutions47.00%107.62M shares
278 holders · as of Jun 30, 2026
Insiders60.52%138.58M shares
16 holders · as of Aug 28, 2026
Adds to107.52%

228.97M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 107.52%; nothing is left for Other.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Dustin A. Moskovitz1Insiderdirector, 10 percent owner
57.03%129.78M COMPANYfiled Aug 25, 2025
BlackRock, Inc.Institution
4.11%9.42M Aas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.04%9.26M Aas of Jun 30, 2026
Arrowstreet Capital, Limited PartnershipInstitution
3.20%7.33M Aas of Jun 30, 2026
Goldman Sachs Group IncInstitution
2.83%6.48M Aas of Jun 30, 2026
  1. Dustin A. Moskovitz's transaction reports restate only vehicles that traded; the 2025 ownership statement (129.78M) plus the 794.4K net shares acquired since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 27, 2026Daniel Mark Rogersdirector, officer: Chief Executive Officer−1,655$10.00
Jun 30, 2026Daniel Mark Rogersdirector, officer: Chief Executive Officer−13,790$6.90
Jun 26, 2026Katie Marie Colendichofficer: GC, Corporate Secretary−5,242$6.69
Jun 24, 2026Aziz Megjiofficer: Chief Financial Officer−13,239$6.73
Jun 22, 2026Daniel Mark Rogersdirector, officer: Chief Executive Officer−26,975$6.66
View details

  • Atlassian

    Broad teamwork platform overlap across Jira, Confluence, and AI agents

  • monday.com

    Direct AI work-platform rival in projects, workflows, CRM, service, and dev

  • Microsoft

    Suite rival through Microsoft 365, Teams, Power Platform, and Copilot

  • ServiceNow

    Enterprise workflow platform rival in service, IT, process, and AI agents

  • Salesforce

    Workflow and collaboration overlap through Slack, Agentforce, and low-code tools

  • Workday

    Vertical enterprise workflow rival around people, finance, planning, and agents

CompareAfter hours

CompanyPriceChange
Asana$9.08−0.38%$2.27B23.62.7+9.9%
Atlassian$188.50−0.08%$51.40B34.57.8+27.6%
monday.com$84.88−0.08%$3.72B37.513.82.7+21.9%
Microsoft$498.04−0.01%$3.72T27.925.411.2+17.8%
ServiceNow$137.03+0.01%$142.34B86.030.29.7+24.0%
Salesforce$233.64+0.17%$193.63B21.615.94.4+10.8%
Workday$188.25+0.01%$50.27B38.915.64.9+12.8%
Median37.520.76.4+19.8%