ASANAsana, Inc.
Is the business good?
The checks split: nothing decisive, though margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ASAN?
Asana, Inc. keeps −19% of every revenue dollar as operating profit, against 6.4% for the median Software - Application name.
Operating margin · Software - Application median 6.4% · 12 months to Q2 2027
- Share count, year on year
- −2.3%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 36%
R&D as % of revenue
- Gross margin
- 88%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | −77% |
| FY2022 | −70% |
| FY2023 | −75% |
| FY2024 | −41% |
| FY2025 | −37% |
| FY2026 | −25% |
Details›
- Gross margin12 months to Q2 2027
- 88%
- Operating margin12 months to Q2 2027
- −19%
- Net margin12 months to Q2 2027
- −19%
- Free cash flow margin
- 15%
- R&D as % of revenue
- 36%
- Revenue, trailing twelve months
- $828M
- Free cash flow, trailing twelve months
- $124M
- Net income, trailing twelve months
- −$154M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
Ranks #70 of 96 by RyuScore