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Asana Valuation Multiples

Discover revenue and EBITDA valuation multiples for Asana and similar public comparables like Tanla Platforms, Netbay, and CM.com.

Asana Overview

About Asana

Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm’s solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana’s offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.


Founded

2008

HQ

United States of America
Employees

1.8K+

Website

asana.com

Financials

LTM Revenue $742M

LTM EBITDA $3.5M

EV

$4.0B

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Asana Financials

Asana has a last 12-month revenue (LTM) of $742M and a last 12-month EBITDA of $3.5M.

In the most recent fiscal year, Asana achieved revenue of $724M and an EBITDA of -$230M.

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

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Asana P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $742M XXX $724M XXX XXX XXX
Gross Profit $665M XXX $647M XXX XXX XXX
Gross Margin 90% XXX 89% XXX XXX XXX
EBITDA $3.5M XXX -$230M XXX XXX XXX
EBITDA Margin 0% XXX -32% XXX XXX XXX
EBIT -$14.4M XXX -$267M XXX XXX XXX
EBIT Margin -2% XXX -37% XXX XXX XXX
Net Profit -$4.3M XXX -$256M XXX XXX XXX
Net Margin -1% XXX -35% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Asana Stock Performance

As of May 30, 2025, Asana's stock price is $18.

Asana has current market cap of $4.2B, and EV of $4.0B.

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Asana Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$4.0B $4.2B XXX XXX XXX XXX $-0.02

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Asana Valuation Multiples

As of May 30, 2025, Asana has market cap of $4.2B and EV of $4.0B.

Asana's trades at 5.6x EV/Revenue multiple, and -17.4x EV/EBITDA.

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 -981.6x.

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Asana Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $4.2B XXX $4.2B XXX XXX XXX
EV (current) $4.0B XXX $4.0B XXX XXX XXX
EV/Revenue 5.4x XXX 5.6x XXX XXX XXX
EV/EBITDA 1132.6x XXX -17.4x XXX XXX XXX
EV/EBIT -279.4x XXX -15.0x XXX XXX XXX
EV/Gross Profit 6.0x XXX n/a XXX XXX XXX
P/E -981.6x XXX -16.5x XXX XXX XXX
EV/FCF 171.8x XXX -23850.0x XXX XXX XXX

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Asana Margins & Growth Rates

Asana's last 12 month revenue growth is 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 -24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Asana's rule of X is 21% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Asana Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 8% XXX 9% XXX XXX XXX
EBITDA Margin 0% XXX -32% XXX XXX XXX
EBITDA Growth 1856% XXX n/a XXX XXX XXX
Rule of 40 -24% XXX -24% XXX XXX XXX
Bessemer Rule of X XXX XXX 21% XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.5M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 58% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 47% XXX XXX XXX
Opex to Revenue XXX XXX 126% XXX XXX XXX

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Asana Public Comps

See public comps and valuation multiples for Communication & Collaboration Software and Productivity Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
CM.com XXX XXX XXX XXX XXX XXX
Dubber XXX XXX XXX XXX XXX XXX
Netbay XXX XXX XXX XXX XXX XXX
Tanla Platforms XXX XXX XXX XXX XXX XXX
GBS Software XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Asana M&A and Investment Activity

Asana acquired  XXX companies to date.

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

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Latest Acquisitions by Asana

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Asana

When was Asana founded? Asana was founded in 2008.
Where is Asana headquartered? Asana is headquartered in United States of America.
How many employees does Asana have? As of today, Asana has 1.8K+ employees.
Who is the CEO of Asana? Asana's CEO is Mr. Dustin Moskovitz.
Is Asana publicy listed? Yes, Asana is a public company listed on NYS.
What is the stock symbol of Asana? Asana trades under ASAN ticker.
When did Asana go public? Asana went public in 2020.
Who are competitors of Asana? Similar companies to Asana include e.g. CM.com, Dubber, Netbay, Tanla Platforms.
What is the current market cap of Asana? Asana's current market cap is $4.2B
What is the current revenue of Asana? Asana's last 12 months revenue is $742M.
What is the current revenue growth of Asana? Asana revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Asana? Current revenue multiple of Asana is 5.4x.
Is Asana profitable? Yes, Asana is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Asana? Asana's last 12 months EBITDA is $3.5M.
What is Asana's EBITDA margin? Asana's last 12 months EBITDA margin is 0%.
What is the current EV/EBITDA multiple of Asana? Current EBITDA multiple of Asana is 1132.6x.
What is the current FCF of Asana? Asana's last 12 months FCF is $23.4M.
What is Asana's FCF margin? Asana's last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Asana? Current FCF multiple of Asana is 171.8x.

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