Asana, Inc. (ASAN) intrinsic value & 10-year financials
Asana, Inc. (ASAN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 39.5% a year to $790.8M, with an average return on invested capital of -144.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $9.86
- Market cap
- $2.3B
- Revenue (FY2026)
- $790.8M
- Revenue growth (9-yr CAGR)
- 39.5%
- ROIC (10-yr avg)
- -144.6%
- Free cash flow (FY2026)
- $86.6M
ASAN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $790.8M | -$189.0M | -$0.80 | $86.6M | -25.0% | -93.2% |
| FY2025 | $723.9M | -$255.5M | -$1.11 | $9.4M | -36.8% | -97.1% |
| FY2024 | $652.5M | -$257.0M | -$1.17 | -$25.7M | -41.4% | -156.6% |
| FY2023 | $547.2M | -$407.8M | -$2.04 | -$165.4M | -74.5% | -385.0% |
| FY2022 | $378.4M | -$288.3M | -$1.63 | -$125.4M | -70.1% | -552.5% |
| FY2021 | $227.0M | -$211.7M | -$1.99 | -$150.2M | -77.3% | 68.0% |
| FY2020 | $142.6M | -$118.6M | -$1.69 | -$47.0M | -83.9% | 27.1% |
| FY2019 | $76.8M | -$50.9M | — | -$33.0M | -67.8% | 32.2% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Asana, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Asana, Inc. has historically struggled to out-earn its cost of capital, averaging just -9.2% ROIC.
Asana, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Asana, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-26.57 per share.