Asana Valuation Multiples

Asana Overview

About Asana

Asana is a work management platform that allows for increased collaboration and visibility across an organization. Delivered via a SaaS-based model, users can track progress across marketing and development initiatives, create and automate workflows, and manage IT approvals. Revenue is generated on a per-seat basis across several pricing tiers. As of fiscal 2025, the company had over 175,000 customers.

Founded

2008

HQ

Employees

1.8K

Website

asana.com

Sectors

Communication & Collaboration SoftwareProductivity SoftwareB2B SaaSHorizontal SaaS

Financials (LTM)

Revenue: $804M

EBITDA: $83M

EV

$1B

Valuation Multiples

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Asana Financials

Asana reported last 12-month revenue of $804M and EBITDA of $83M.

In the same LTM period, Asana generated $716M in gross profit, $83M in EBITDA, and $70M in net income.

Asana P&L

In the most recent fiscal year, Asana reported revenue of $791M and EBITDA of $79M.

Asana expects next 12-month revenue of XXX and NTM EBITDA of XXX

Asana Stock Performance

Asana has current market cap of $1B, and enterprise value of $1B.

Asana's stock price is $6.08.

Asana Valuation Multiples

Asana trades at 1.6x EV/Revenue multiple, and 15.2x EV/EBITDA.

Asana Financial Valuation Multiples

As of April 16, 2026, Asana has market cap of $1B and EV of $1B.

Equity research analysts estimate Asana's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Asana has a P/E ratio of 20.7x.

Asana Margins & Growth Rates

Asana's revenue in the last 12 month grew by 8%.

Asana's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.5M for the same period.

Asana's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Asana's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Asana Public Comps

See public comps and valuation multiples for other Communication & Collaboration Software and Productivity Software comps.

Asana M&A Activity

Asana acquired XXX companies to date.

Last acquisition by Asana was on XXXXXXXX, XXXXX. Asana acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Asana Investment Activity

Asana invested in XXX companies to date.

Asana made its latest investment on XXXXXXXX, XXXXX. Asana invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).