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).

Also available as compact Markdown for AI agents: nexqual.com/ASAN.md

Key facts (ASAN)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ASAN)

USDFY2022FY2023FY2024FY2025FY2026TTM
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 margin89.7%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:

DateFirmActionRatingPrice target
2026-09-04DA DavidsonTarget raisedNeutral$8 → $9
2026-09-04BairdTarget raisedNeutral$9 → $10
2026-09-04RBC CapitalTarget raisedSector Perform$8 → $9.5
2026-09-04UBSTarget raisedNeutral$8 → $10
2026-09-04CitizensReiteratedMarket Outperform$15
2026-09-04BTIGReiteratedNeutral
2026-09-04Piper SandlerTarget raisedNeutral$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 filedQuarterEPSConsensusSurpriseStock reaction
Sep 3, 2026Quarter ended Jul 31, 2026$0.10$0.09Beat +11.1%-10.1%
May 28, 2026Quarter ended Apr 30, 2026$0.10$0.08Beat +25.0%+20.1%
Mar 2, 2026Quarter ended Jan 31, 2026$0.08$0.07Beat +14.3%+4.8%
Dec 2, 2025Quarter ended Oct 31, 2025$0.08$0.06Beat +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)

FiledFormWhat it says
Oct 30, 2026Schedule 13G/AVanguard Portfolio Management: 4.9% of shares, passive 5%+ holder (amended)
Sep 28, 20268-KDirector 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, 202610-QQuarterly report · period ended Jul 31, 2026
Sep 3, 20268-KQuarterly results
Aug 28, 20268-KDirector 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, 2026Schedule 13GBlackRock, Inc.: 5.3% of shares, passive 5%+ holder
Jul 17, 20268-KDirector 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)

LineRevenueShare of totalYoY
United States$128.6M59.4%+10.4%
International$87.8M40.6%+9.2%
Total revenue$216.4M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ASAN suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierApple (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.”
SupplierAlphabet (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.”
CustomerAmazon (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.”
PartnerOpenAI“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.”
PartnerAnthropic“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.”
PartnerPayPal (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)

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

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Oct 2026)$0.08$0.09-8.8%$218.1M14
Next quarter (ends Jan 2027)$0.09$0.10-5.1%$221.7M14
Current fiscal year (ends Jan 2027)$0.37$0.37+0.0%$861.6M15
Next fiscal year (ends Jan 2028)$0.45$0.47-3.3%$929.3M15

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.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20261070.0%±8.7%
Dec 18, 20263882.2%±21.4%
Jan 15, 20276678.5%±26.9%
Feb 19, 202710178.7%±33.3%
May 21, 202719274.4%±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)

PriceUSD 9.72
Change▼ 3.04% (down)
Previous CloseUSD 10.02
OpenUSD 9.9
Day RangeUSD 9.62 – 10.07
52-Week RangeUSD 5.38 – 15.28
Volume1,399,122 shares
Market Cap$2.22B
ExchangeNYQ

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 SignalSELL
RSI (14)40.58 (neutral)
vs SMA50Below (USD 9.94)
MACD0.17 (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 RatingHold
Analyst Count15
Mean TargetUSD 10.23
High TargetUSD 15
Low TargetUSD 6.25
Buy / Hold / Sell5 / 8 / 2

Earnings (ASAN)

Next Earnings Date2026-12-01
EPS EstimateUSD 0.08
Revenue Estimate$218.12M

Recent Earnings History

QuarterActual vs Estimate
2026-07-31USD 0.1 vs est 0.09 ▲ beat
2026-04-30USD 0.1 vs est 0.08 ▲ beat
2026-01-31USD 0.08 vs est 0.07 ▲ beat
2025-10-31USD 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 / Equity2.48
Current Ratio0.92
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.

GrowthSolid — Revenue +9% (last 4 quarters to Jul 2026 vs the 4 before, SEC)
ProfitabilitySolid — Gross margin 88%, operating -19% (last 4 quarters to Jul 2026, SEC)
Balance SheetCritical — $340M cash vs $258M debt, net cash position
Cash FlowSolid — FCF $124M (last 4 quarters to Jul 2026, SEC), 15% margin
EfficiencyCritical — ROE -148%, ROA -18.9% (last 4 quarters, SEC)

Ownership (ASAN)

Insider Ownership+44.59%
Institutional Ownership+66.11%
Shares Outstanding159.44M
Float91.16M
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 & ChairDaniel Mark Rogers
Co-Founder, Advisor & DirectorJustin Rosenstein
Co-Founder & DirectorDustin A. Moskovitz
CFO & , Principal Financial OfficerAziz Megji
Chief Technology OfficerAmritansh 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

InvestorStake
Arrowstreet Capital, Limited Partnership4.6%
Goldman Sachs4.06%
Shaw D.E. & Co., Inc.3.71%
Voya Investment Management LLC2.96%
AQR Capital Management, LLC2.7%
Two Sigma Investments, LP2.13%
First Trust Exchange-Traded Fund II-First Trust Cloud Computing ETF1.18%

Index Funds (Passive)

FundStake
Vanguard Group8.36%
BlackRock5.91%
State Street2.18%

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)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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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