Asana vs Navan
Asana and Navan are similar in size: $791m and $702m of revenue in their latest fiscal years. Navan grew faster (30.8% against 9.2%). Asana kept more of each dollar of sales as profit: a net margin of -23.9% against -56.7%. Navan carries less debt relative to equity (10.3% against 26.5%).
| Latest fiscal year | AsanaASAN, 2026 | NavanNAVN, 2026 |
|---|---|---|
| Revenue | $791m | $702m |
| Revenue growth | 9.2% | 30.8% |
| Net income | −$189m | −$398m |
| Operating margin | -25.0% | -28.0% |
| Net margin | -23.9% | -56.7% |
| Return on equity | -99.1% | — |
| Free cash flow | $86.6m | $32.8m |
| Cash | $200m | $584m |
| Total debt | $40.8m | $125m |
| Debt to equity | 26.5% | 10.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $132m | — |
| Employees | 1,767 | 3,700 |
| Market value | $2.60bn | $6.32bn |
| Price vs our value range | — | — |
| Moat score | 36 (Weak) | — |
| Insider trades, 12 months | 0 buys, 38 sales | 50 buys, 45 sales |