ASAN · Asana, Inc.
$8.43
+0.20 (+2.43%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$1.84B
Shares
228.97M
Volume · Sep 30
5.59M
Avg daily vol (3M)
6.32M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$8.43
Open$8.26
Day$8.22–8.72
52W close$5.46–15.19
Avg vol 30d7.5M
Short int22.1M · 9.7% float · 3.0d
Short vol62%
Last earningsSep 3, 2026
DataSep 2020–Sep 2026
Filing10-Q · Sep 3
Up next
Next earnings call
Dec 2, 2026
Est · unconfirmed
· in 9 wks
filed Sep 3, 2026
call held Sep 3, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$828.13M
Trailing 12 months
Net income (TTM)
−$154.24M
Trailing 12 months
Revenue growth YoY
+9.9%
Year over year
Operating margin
-19.4%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
6.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$182.50M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-2.3%
Year over year · fewer shares
Price change (1Y)
-39.5%
Trailing year
Short interest
9.7%
Latest settlement · 3.0 days to cover
AI Brief
Q2 FY27 earnings call · Sep 3, 2026
Q2 FY27
TL;DR. Asana delivered Q2 revenue of $216.4 million, up 10% year over year and above the high end of guidance, and is raising full-year revenue and non-GAAP operating margin guidance; however, Q3 and full-year guidance reflects a $1.2 million revenue timing headwind and ~150 bps of gross margin pressure from the AWM packaging and consumption transition, plus a compounding PLG headwind of 100 bps in Q3 and 150 bps in Q4.
Bullish
- + Q2 revenue of $216.4M beat the high end of guidance and grew 10% YoY, prompting a raise to full-year revenue and non-GAAP operating margin guidance.
- + Non-GAAP operating margin expanded ~300 bps YoY to 10% on $21.8M of non-GAAP operating income, and adjusted free cash flow was $42.3M.
- + Dollar-based net retention improved in every cohort, with core and $100K+ NRR both reaching 98% and overall NRR up to 97% from 96%.
- + AI Studio and AI Teammates drove ~25% of net new ARR (up from 17% last quarter and above the 15% full-year target), and the company signed its largest AI expansion deal ever, a multi-year, multi-million-dollar agreement with a Fortune 500 media company.
- + U.S. revenue returned to double-digit growth (10% YoY) for the first time in over two years, and the technology vertical posted a second consecutive quarter of YoY growth.
Bearish
- − The AWM transition and growing mix of AI products drive ~150 bps of gross margin pressure across Q3 and Q4, with gross margin expected in the mid-80s exiting the year.
- − Compounding PLG headwind is expected to be ~100 bps of revenue growth pressure in Q3 and ~150 bps in Q4, and the sub-$5K self-serve cohort continues to drag consolidated NRR below 100%.
- − Q3 guidance of 8–9% YoY revenue growth decelerates from Q2's 10%, reflecting the compounding PLG drag plus the AWM timing headwind.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Neutral
Sentiment
Bullish
Fundamentals
Excellent
Quant / Vol
Very High
Market backdrop
VIX 16.3 · calm
Equity put/call 0.53
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−0%
below
Price vs 50-day avg
−6%
below
RSI (14)
42
neutral
MACD trend
Negative
52-week position
31%
mid-range
Momentum
relative strength
1-month return
−14%
trailing
6-month return
+47%
trailing
YTD return
−39%
this year
Relative strength
+35%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $9 › 200d $8 — 50d above 200d
Institutional flow
Accumulating
+3% holders QoQ · +54 funds added
Insider flow
Distributing
Net -$367.5K over 90 days · 100% sells
Short interest
Falling
9.67% of float · ▼ -13.1% MoM · 3.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
265 holders — near 3-yr high, broad support
Squeeze score
62
elevated · 0–100
Fundamentals
Revenue growth
+9%
Y/Y
Gross margin
89%
contracting
EPS growth
+28%
Y/Y
Free cash flow
$86.6M
Buyback
$102.9M
remaining
Quant / Vol
risk profile
Volatility
66%
annualized · 1-yr
Max drawdown
−64%
past year
ATR
7.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Sep 3, 2026
third quarter of fiscal 2027
Revenues
Initiated
$217M – $219M
prior qtr $216.43M
midpoint +0.7% QoQ
Non-GAAP operating income
Non-GAAP
Initiated
$18M – $19M
Non-GAAP operating margin
Non-GAAP
Initiated
8% – 9%
Non-GAAP net income per share
Non-GAAP
Initiated
$0.08
fiscal 2027
Revenues
Initiated
$858.5M – $863.5M
prior FY $790.81M
midpoint +8.9% Y/Y
Non-GAAP operating income
Non-GAAP
Initiated
$84.5M – $86.5M
Non-GAAP operating margin
Non-GAAP
Initiated
10%
Non-GAAP net income per share
Non-GAAP
Initiated
$0.37
Guided vs delivered
· last 8 settled
Revenues
second quarter of fiscal 2025
guided $177M – $178M
$179.21M
Beat +1.0%
Revenues
fiscal 2025
guided $719M – $724M
$723.88M
In line
Revenues
first quarter of fiscal 2025
guided $168M – $169M
$172.45M
Beat +2.3%
Revenues
Q4 fiscal 2022
guided $104.5M – $105.5M
$111.95M
Beat +6.6%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−0%
Neutral
Price vs 50-day avg
−6%
Bearish
RSI (14)
42
Neutral
MACD trend
Negative
Bearish
52-week position
31%
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $9 › 200d $8 — 50d above 200d
Institutional flow
Accumulating
+3% holders QoQ · +54 funds added
Insider flow
Distributing
Net -$367.5K over 90 days · 100% sells
Short interest
Falling
9.67% of float · ▼ -13.1% MoM · 3.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
265 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $5
Now $8 · 31%
Range high $15
vs 200-day avg 0%
vs 50-day avg -6%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted free cash flow non-GAAP | $42.3M | Q2 FY2027 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Free cash flow $40.01M
+$2.32M Plus: restructuring costs paid
= Adjusted free cash flow $42.33M
|
|||
| customers spending $100,000 or more on an annualized basis | 890 | Q2 FY2027 | — |
| Dollar-based net retention rate for Core customers | 98% | Q2 FY2027 | — |
| Dollar-based net retention rate for customers spending $100,000 or more on an annualized basis | 98% | Q2 FY2027 | — |
| Free cash flow non-GAAP | $74.36M | Six Months Ended July 31, 2026 | — |
| Non-GAAP diluted net income per share non-GAAP | $0.1 | Q2 FY2027 | — |
| Non-GAAP gross margin non-GAAP | 87.8% | Six Months Ended July 31, 2026 | — |
| Non-GAAP income from operations non-GAAP | $21.77M | Three Months Ended July 31, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Loss from operations -41.22M
+58.6M Stock-based compensation-related charges
+2.49M Restructuring costs
+1.36M Acquisition-related costs
+536K Intangible asset amortization
= Non-GAAP income from operations 21.77M
|
|||
| Non-GAAP net income non-GAAP | $23.8M | Q2 FY2027 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP GAAP net loss -$39.19M
+$58.6M Plus: stock-based compensation related charges
+$2.49M Adjustment for: restructuring costs
+$1.36M Plus: Acquisition-related costs
+$536K Plus: intangible asset amortization
= Non-GAAP net income $23.8M
|
|||
| Non-GAAP operating income non-GAAP | $21.8M | Q2 FY2027 | — |
| Non-GAAP operating margin non-GAAP | 10% | Q2 FY2027 | -1.0% |
|
|
|||
| number of Core customers | 26,778 | Q2 FY2027 | — |
| Overall dollar-based net retention rate | 97% | Q2 FY2027 | — |
| Revenue adjusted for impact of foreign currency non-GAAP | $419.98M | Six Months Ended July 31, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ASAN
this stock
Asana, Inc.
|
$1.84B | -38.5% | +9.2% | — | 9.7% |
|
QH
QUHUO Ltd
|
$350.35B | +242.6% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -14.2% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -13.3% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -7.9% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ASAN | -11.0% | -14.2% | +47.1% | -17.8% | -38.5% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -10.3% | -14.4% | +35.0% | -17.3% | -50.4% |
Capital returns
Buyback program
· as of Jul 31, 2026
Authorized
$250.00M
Spent (derived)
$147.10M
Remaining
$102.90M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.