Asana, Inc. (ASAN) Stock Price & Analysis
Asana, Inc. (ASAN) is trading at USD 9.72, down 3.04% today, as of November 10, 2026 at 16:30 UTC (US market open; quotes may be delayed), according to Nexqual market data.
ASAN last closed at USD 10.02; today's session has ranged USD 9.62–10.07 on volume of 1,399,122 shares. Market capitalization is $2.22B, with a 52-week range of USD 5.38–15.28 (NYQ). Source: Nexqual, retrieved November 10, 2026 at 16:30 UTC.
What changed for ASAN since Aug 31, 2025
The built-in knowledge of several widely used AI models ends around Aug 31, 2025. Everything below is newer, dated and sourced (as of Nov 10, 2026).
- Asana, Inc. (ASAN) stock went from USD 14.6 (close of the week of Aug 25, 2025, split-adjusted) to USD 9.72, a -33.5% price change; the S&P 500 (SPY) moved +17.5% over the same period.
- ASAN revenue over the last four reported quarters (through Jul 31, 2026) was $828M, +14.4% vs $724M in fiscal year 2025 (ended Jan 31, 2025), the last full year filed before September 2025; net income -$256M → -$154M (SEC 10-K / 10-Q).
- Analyst actions on ASAN in the last 120 days: 7 (5 upgrades or target raises, 0 downgrades or target cuts); most recent DA Davidson, Sep 4, 2026.
Also available as compact Markdown for AI agents: nexqual.com/ASAN.md
Key facts (ASAN)
- Last four reported quarters (through Jul 31, 2026): revenue $828M, net income -$154M (-18.6% margin), free cash flow $124M (SEC filings).
- Analysts: Hold (mean 2.73 on a 1–5 scale) (15 analysts), mean target USD 10.23 (range 6.25–15).
- Total return with dividends: 1Y -28.2% vs S&P 500 +10.9%; 5Y -93.1% vs S&P 500 +71.1%.
- Next earnings: 2026-12-01, EPS estimate USD 0.08, revenue estimate $218M. All companies reporting that day: https://nexqual.com/earnings/2026-12-01
- Dividend: ASAN paid no cash dividend in the last five years.
- Short interest: 20.96% of float (as of 2026-10-15), 2.5 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ASAN)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $378M | $547M | $653M | $724M | $791M | $828M |
| Gross profit | $340M | $491M | $588M | $647M | $704M | — |
| Operating income | -$265M | -$408M | -$270M | -$267M | -$197M | -$160M |
| Net income | -$288M | -$408M | -$257M | -$256M | -$189M | -$154M |
| EPS (diluted) | -$1.63 | -$2.04 | -$1.17 | -$1.11 | -$0.80 | — |
| Free cash flow | -$125M | -$165M | -$25.7M | $9.4M | $86.6M | $124M |
| Gross margin | 89.7% | 89.7% | 90.1% | 89.3% | 89.0% | — |
| Operating margin | -70.1% | -74.5% | -41.4% | -36.8% | -25.0% | -19.4% |
| Net margin | -76.2% | -74.5% | -39.4% | -35.3% | -23.9% | -18.6% |
| Revenue growth | +66.7% | +44.6% | +19.2% | +10.9% | +9.2% | — |
| Cash + short-term investments | $312M | $529M | — | — | $200M | — |
| Total debt | $0K | — | — | — | — | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (ASAN)
P/S 2.7x · P/FCF 18.0x · P/B 21.3x · FCF yield 5.57% · Earnings yield -6.93% · Buyback yield (TTM) 8.33%
Analysts (ASAN)
Consensus Hold (mean 2.73 on a 1–5 scale), 15 analysts; mean target USD 10.23 (low 6.25, high 15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-04 | DA Davidson | Target raised | Neutral | $8 → $9 |
| 2026-09-04 | Baird | Target raised | Neutral | $9 → $10 |
| 2026-09-04 | RBC Capital | Target raised | Sector Perform | $8 → $9.5 |
| 2026-09-04 | UBS | Target raised | Neutral | $8 → $10 |
| 2026-09-04 | Citizens | Reiterated | Market Outperform | $15 |
| 2026-09-04 | BTIG | Reiterated | Neutral | |
| 2026-09-04 | Piper Sandler | Target raised | Neutral | $7 → $9 |
Total return (dividends reinvested) (ASAN)
| 1Y (from 2025-11-10) | 5Y (from 2021-11-08) | |
|---|---|---|
| Total return | -28.2% | -93.1% |
| S&P 500 (SPY) | +10.9% | +71.1% |
| Per year | -28.2% | -41.5% |
| Volatility (annualized) | 66.5% | 74.8% |
| Max drawdown | -63.8% (Dec 2025→Apr 2026) | -96.2% (Nov 2021→Apr 2026) |
Dividends (ASAN)
ASAN paid no cash dividend in the last five years.
Short interest (ASAN)
18,936,769 shares sold short, 20.96% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 22,141,079 shares (-14.5%). Days to cover: 2.5 (short shares ÷ average daily volume).
ASAN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Sep 3, 2026 | Quarter ended Jul 31, 2026 | $0.10 | $0.09 | Beat +11.1% | -10.1% |
| May 28, 2026 | Quarter ended Apr 30, 2026 | $0.10 | $0.08 | Beat +25.0% | +20.1% |
| Mar 2, 2026 | Quarter ended Jan 31, 2026 | $0.08 | $0.07 | Beat +14.3% | +4.8% |
| Dec 2, 2025 | Quarter ended Oct 31, 2025 | $0.08 | $0.06 | Beat +33.3% | +13.0% |
| Sep 3, 2025 | — | — | — | — | +5.1% |
| Jun 3, 2025 | — | — | — | — | -17.8% |
| Mar 10, 2025 | — | — | — | — | -30.7% |
| Dec 5, 2024 | — | — | — | — | +40.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
ASAN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 30, 2026 | Schedule 13G/A | Vanguard Portfolio Management: 4.9% of shares, passive 5%+ holder (amended) |
| Sep 28, 2026 | 8-K | Director or executive officer change, or pay arrangement “Board Chair Transition On September 25, 2026 the Board of Directors (the "Board") of Asana, Inc. (the "Company") appointed Dan Rogers, the Company's Chief Executive Officer and a Class III director, as Chair of the Board to succeed Dustin Moskovitz in that role. As a current employee of the Company, Mr. Rogers is not eligible to receive compensation for his Board service under the Company's Non-Employee Director Compensation Policy (the "Compensation Policy"). Krista Anderson-Copperman will remain in her position…” |
| Sep 3, 2026 | 10-Q | Quarterly report · period ended Jul 31, 2026 |
| Sep 3, 2026 | 8-K | Quarterly results |
| Aug 28, 2026 | 8-K | Director or executive officer change, or pay arrangement “Appointment of Principal Accounting Officer On August 26, 2026, the Board of Directors (the "Board") of Asana, Inc. (the "Company") appointed Aziz Megji as the Company's Principal Accounting Officer in addition to his current role as the Company's Chief Financial Officer and Principal Financial Officer. A description of Mr. Megji's compensation arrangements and information regarding Mr. Megji's background and business experience can be found in the Company's definitive proxy statement filed with the SEC on April 2…” |
| Jul 27, 2026 | Schedule 13G | BlackRock, Inc.: 5.3% of shares, passive 5%+ holder |
| Jul 17, 2026 | 8-K | Director or executive officer change, or pay arrangement “On July 13, 2026, Veronica Sosa tendered to the Board of Directors (the "Board") of Asana, Inc. (the "Company") her resignation as Chief Accounting Officer and Principal Accounting Officer of the Company, effective as of August 7, 2026 (the "Effective Date"). Ms. Sosa is expected to remain in her role as Chief Accounting Officer and Principal Accounting Officer through the Effective Date. There were no disagreements between Ms. Sosa and the Company, and her departure is not related to the operations, policies, or…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
ASAN revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $128.6M | 59.4% | +10.4% |
| International | $87.8M | 40.6% | +9.2% |
| Total revenue | $216.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ASAN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Apple (AAPL) | “We rely on third parties maintaining open marketplaces, including the Apple App Store and Google Play, which make our mobile application available for download.” |
| Supplier | Alphabet (Google) (GOOGL) | “We rely on third parties maintaining open marketplaces, including the Apple App Store and Google Play, which make our mobile application available for download.” |
| Customer | Amazon (AMZN) | “The level of service provided by AWS could affect the availability or speed of our platform, which may also impact the usage of, and our customers' satisfaction with, our platform and could seriously harm our business and reputation.” |
| Partner | OpenAI | “We have expanded this ecosystem through strategic partnerships with leading foundational model providers, including OpenAI and Anthropic, to power our AI features with state-of-the-art intelligence.” |
| Partner | Anthropic | “We have expanded this ecosystem through strategic partnerships with leading foundational model providers, including OpenAI and Anthropic, to power our AI features with state-of-the-art intelligence.” |
| Partner | PayPal (PYPL) | “A large portion of our customers authorize us to bill their credit card accounts or bill them via other payment methods, such as PayPal or other direct debit methods, through our third-party payment processing partners for our paid subscription plans.” |
Quoted from the company's 10-K filed Mar 13, 2026.
ASAN company outlook (results filed Sep 3, 2026)
- “For the third quarter of fiscal 2027, Asana expects: • Revenues of $217 million to $219 million, representing year-over-year growth of 8% to 9%. • Non-GAAP operating income of $18 million to $19 million, with 8% to 9% operating margin. • Non-GAAP net income per share of $0.08, assuming diluted weighted average shares outstanding of approximately 236 million.”
- “For fiscal 2027, Asana expects: • Revenues of $858.5 million to $863.5 million, representing year-over-year growth of 9%. • Non-GAAP operating income of $84.5 million to $86.5 million, with approximately 10% operating margin. • Non-GAAP net income per share of $0.37, assuming diluted weighted average shares outstanding of approximately 239 million.”
- “A reconciliation of non-GAAP outlook measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of these costs and expenses that may be 2 Exhibit 99.1 incurred in the future.”
Analysts expect $218.1M for the current quarter, in line with the midpoint of the company's guidance ($218.0M).
Quoted word-for-word from the SEC 8-K results press release.
ASAN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.08 | $0.09 | -8.8% | $218.1M | 14 |
| Next quarter (ends Jan 2027) | $0.09 | $0.10 | -5.1% | $221.7M | 14 |
| Current fiscal year (ends Jan 2027) | $0.37 | $0.37 | +0.0% | $861.6M | 15 |
| Next fiscal year (ends Jan 2028) | $0.45 | $0.47 | -3.3% | $929.3M | 15 |
ASAN options: expected move
Options price a move of about ±21.4% (±$2.15) by Dec 18, 2026, which includes earnings on Dec 1, 2026; the earnings reaction alone is priced at about ±12.5%. Over the last 8 reports the stock moved ±17.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 10 | 70.0% | ±8.7% |
| Dec 18, 2026 | 38 | 82.2% | ±21.4% |
| Jan 15, 2027 | 66 | 78.5% | ±26.9% |
| Feb 19, 2027 | 101 | 78.7% | ±33.3% |
| May 21, 2027 | 192 | 74.4% | ±43.0% |
30-day implied volatility 80.8% vs 58.7% realized over the last 30 trading days. Put/call ratio (volume) 0.5. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of November 10, 2026 at 16:30 UTC)
| Price | USD 9.72 |
|---|---|
| Change | ▼ 3.04% (down) |
| Previous Close | USD 10.02 |
| Open | USD 9.9 |
| Day Range | USD 9.62 – 10.07 |
| 52-Week Range | USD 5.38 – 15.28 |
| Volume | 1,399,122 shares |
| Market Cap | $2.22B |
| Exchange | NYQ |
Technical Analysis (ASAN)
Nexqual's technical model rates ASAN "SELL" based on 2 bullish and 4 bearish signals across 128 daily candles, as of November 10, 2026 at 16:30 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 40.58 (neutral) |
| vs SMA50 | Below (USD 9.94) |
| MACD | 0.17 (positive) |
Analyst Ratings (ASAN)
Wall Street analysts rate ASAN "Hold" based on 15 analysts, with a mean price target of USD 10.23 (range USD 6.25–15), per Nexqual as of November 10, 2026 at 16:30 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 10.23 |
| High Target | USD 15 |
| Low Target | USD 6.25 |
| Buy / Hold / Sell | 5 / 8 / 2 |
Earnings (ASAN)
| Next Earnings Date | 2026-12-01 |
|---|---|
| EPS Estimate | USD 0.08 |
| Revenue Estimate | $218.12M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.1 vs est 0.09 ▲ beat |
| 2026-04-30 | USD 0.1 vs est 0.08 ▲ beat |
| 2026-01-31 | USD 0.08 vs est 0.07 ▲ beat |
| 2025-10-31 | USD 0.08 vs est 0.06 ▲ beat |
Source: Nexqual, November 10, 2026 at 16:30 UTC.
Financials & Fundamentals (ASAN)
| Total Revenue | $828.13M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.90% |
| Gross Margin | +87.59% |
| Operating Margin | -19.05% |
| Profit Margin | -18.63% |
| ROE | -93.80% |
| Debt / Equity | 2.48 |
| Current Ratio | 0.92 |
| Total Cash | $339.85M |
| Total Debt | $258.33M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $123.89M (15.0% of revenue) |
Source: Nexqual, November 10, 2026 at 16:30 UTC.
Financial Health Score (ASAN)
Nexqual rates Asana, Inc.'s overall financial health "Mixed" across five dimensions, as of November 10, 2026 at 16:30 UTC.
| Growth | Solid — Revenue +9% (last 4 quarters to Jul 2026 vs the 4 before, SEC) |
|---|---|
| Profitability | Solid — Gross margin 88%, operating -19% (last 4 quarters to Jul 2026, SEC) |
| Balance Sheet | Critical — $340M cash vs $258M debt, net cash position |
| Cash Flow | Solid — FCF $124M (last 4 quarters to Jul 2026, SEC), 15% margin |
| Efficiency | Critical — ROE -148%, ROA -18.9% (last 4 quarters, SEC) |
Ownership (ASAN)
| Insider Ownership | +44.59% |
|---|---|
| Institutional Ownership | +66.11% |
| Shares Outstanding | 159.44M |
| Float | 91.16M |
| Short % of Float | +20.96% |
Source: Nexqual, November 10, 2026 at 16:30 UTC.
Leadership (ASAN)
Asana, Inc. is led by Daniel Mark Rogers, CEO & Chair, per Nexqual as of November 10, 2026 at 16:30 UTC.
| CEO & Chair | Daniel Mark Rogers |
|---|---|
| Co-Founder, Advisor & Director | Justin Rosenstein |
| Co-Founder & Director | Dustin A. Moskovitz |
| CFO & , Principal Financial Officer | Aziz Megji |
| Chief Technology Officer | Amritansh Raghav |
Major Backers & Investors (ASAN)
Notable institutional backers of Asana, Inc. include Arrowstreet Capital, Limited Partnership, Goldman Sachs, Shaw D.E. & Co., Inc., according to Nexqual as of November 10, 2026 at 16:30 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Arrowstreet Capital, Limited Partnership | 4.6% |
| Goldman Sachs | 4.06% |
| Shaw D.E. & Co., Inc. | 3.71% |
| Voya Investment Management LLC | 2.96% |
| AQR Capital Management, LLC | 2.7% |
| Two Sigma Investments, LP | 2.13% |
| First Trust Exchange-Traded Fund II-First Trust Cloud Computing ETF | 1.18% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.36% |
| BlackRock | 5.91% |
| State Street | 2.18% |
Source: Nexqual, November 10, 2026 at 16:30 UTC.
From Asana, Inc.'s Latest SEC 10-K Filing (filed 2026-03-13)
Key Strengths & Strategy (as disclosed to the SEC)
- The Asana platform maintains a robust API that enables developers to build apps and integrate efficiently with hundreds of third-party applications like Microsoft Teams, Slack, Jira, Salesforce, and Adobe Creative Cloud.
- Our cloud-native platform includes proprietary software services built on top of infrastructure provided by our preferred cloud provider, Amazon Web Services.
- We have expanded this ecosystem through strategic partnerships with leading foundational model providers, including OpenAI and Anthropic, to power our AI features with state-of-the-art intelligence.
- Our security program considers the American Institute of Certified Public Accountants Trust Services Criteria for Security, Availability, and Confidentiality as well as the ISO 27001:2013 standards for the systems that process the data our customers store in Asana.
Partnerships
- Our compensation programs are designed to align employee interests with the long-term success of the company and to foster cross-business collaboration.
Legal & Regulatory Risks (Item 1A, quoted)
- Our use of AI and machine learning technologies in our products and operations gives rise to legal, business, and operational risks. Legal, regulatory, social and ethical issues relating to the use of AI and machine learning technologies in our products and business may result in reputational harm and liability.
- We may become subject to intellectual property rights claims and other litigation that are expensive to support, and if resolved adversely, could have a material adverse effect on us.
- Any future litigation against us could be costly and time-consuming to defend.
- Our use of "open source" and third-party software could impose unanticipated conditions or restrictions on our ability to commercialize our solutions and could subject us to possible litigation.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: November 10, 2026 at 16:30 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt