Asana, Inc. income statement
In fiscal 2026, Asana, Inc. reported revenue of $791m, up 9.2% on the year before, operating income of −$197m (a -25.0% margin) and net income of −$189m, or −$0.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Jan 2019 | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 143 | 227 | 378 | 547 | 653 | 724 | 791 | 828 |
| Cost of revenue | 14 | 20 | 29 | 39 | 57 | 65 | 77 | 87 | 103 |
| Gross profit | 63 | 123 | 198 | 340 | 491 | 588 | 647 | 704 | 725 |
| Research and development | 43 | 90 | 121 | 203 | 297 | 325 | 341 | 301 | 295 |
| Selling and marketing | 52 | 106 | 176 | 283 | 435 | 392 | 420 | 407 | 397 |
| General and administrative | 20 | 47 | 76 | 119 | 166 | 141 | 152 | 193 | 193 |
| Operating income | −52 | −120 | −176 | −265 | −408 | −270 | −267 | −197 | −160 |
| Interest expense | 0 | 0 | 36 | 18 | 2 | 4 | 4 | 3 | 3 |
| Income before tax | −51 | −118 | −210 | −285 | −403 | −253 | −251 | −184 | −151 |
| Income tax | 0 | 0 | 2 | 3 | 5 | 4 | 5 | 5 | 3 |
| Net income | −51 | −119 | −212 | −288 | −408 | −257 | −256 | −189 | −154 |
| Diluted EPS | −$0.78 | −$1.69 | −$1.99 | −$1.63 | −$2.04 | −$1.17 | −$1.11 | −$0.80 | −$0.65 |
| Diluted shares (average) | 65m | 70m | 106m | 176m | 200m | 220m | 229m | 237m | 236m |
| EBITDA | −48 | −117 | −172 | −257 | −395 | −256 | −249 | −175 | −136 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 184 | 188 | 187 | 197 | 201 | 206 | 205 | 216 |
| Cost of revenue | 20 | 20 | 19 | 20 | 22 | 25 | 25 | 30 |
| Gross profit | 164 | 169 | 168 | 177 | 179 | 181 | 180 | 186 |
| Research and development | 83 | 84 | 75 | 79 | 74 | 73 | 66 | 82 |
| Selling and marketing | 105 | 102 | 100 | 107 | 100 | 100 | 92 | 104 |
| General and administrative | 36 | 46 | 37 | 40 | 75 | 41 | 36 | 41 |
| Operating income | −60 | −64 | −44 | −49 | −70 | −34 | −15 | −41 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | −56 | −61 | −39 | −47 | −67 | −31 | −13 | −40 |
| Income tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | −1 |
| Net income | −57 | −62 | −40 | −48 | −68 | −32 | −14 | −39 |
| Diluted EPS | −$0.25 | −$0.27 | −$0.17 | −$0.20 | −$0.29 | −$0.14 | −$0.06 | −$0.17 |
| EBITDA | −56 | −59 | −39 | −44 | −64 | −28 | −9 | −35 |
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