Asana, Inc. (ASAN)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$8.81-12.69%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
QuarterlyIQ Insights · ASAN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -21.8% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 8.6% |
Growth built into the price is above our model estimate.
The price assumes 30.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 119 industry peers · Company calendar date is not available
ASAN — earnings miss
Dated 2026-09-03
and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Why it matters: A higher retention rate shows customers are happy. This is key for future money.
Supportive ifThe dollar-based net retention rate is over 98% for Core customers.
Worry ifDollar-based net retention rate is below 95%. This shows customer losses.
Why it matters: Core customer growth is vital for revenue stability. A slowdown could indicate market challenges.
Worry ifCore customer growth reported below 7% year over year.
Less concerning ifCore customer growth is above 7%. This shows a strong market position.
Why it matters: If revenue growth falls below 8%, it signals weakening demand and could impact future guidance.
Worry ifQ3 revenue was below $217 million. This shows growth of less than 8%.
Less concerning ifQ3 revenue exceeds $219 million, showing stronger demand.
Why it matters: This report will provide key updates on revenue, earnings, and guidance. It can shift investor expectations.
Watch forEarnings report shows revenue growth and positive guidance.
Also watch forThe earnings report shows low revenue. It also gives bad news for the future.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$304 on $10,000 · ±3.0% | How much price usually moves either way. |
| Bad day | $668 loss on $10,000 · 6.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $6,406 loss on $10,000 · 64.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: An operating margin of 10% or higher shows strong cost control and efficiency.
Supportive ifNon-GAAP operating margin is at or above 10%.
Worry ifNon-GAAP operating margin is below 8%. This shows cost problems.
Why it matters: The StackAI acquisition aims to boost Asana's skills. Better product use would help the plan.
Watch forCustomers say they use AI features more since the acquisition.
Also watch forCustomer use of AI features stops growing or goes down after the acquisition.
Why it matters: Hitting this target shows progress toward making money. It can help investor trust.
Supportive ifNon-GAAP net income per share reaches or exceeds $0.37 for FY 2027.
Worry ifNon-GAAP net income per share is below $0.30. This shows profit challenges.
Why it matters: New leaders can change the company's plans and how stable it is.
Watch forAnnouncement of new directors joining the board.
Also watch forNo new appointments or more departures from the board.
Why it matters: Many people are using AI products. This helps growth and makes operations better.
Supportive ifMore people are using AI Studio and AI Teammates. This will be seen in future quarters.
Worry ifFewer people are using AI products. This shows weak demand.
Why it matters: If sector growth slows, it may hurt Asana's performance. This could signal a broader issue.
Worry ifSector revenue growth falls below its median rate, indicating a slowdown.
Less concerning ifSector revenue growth is above the median. This suggests it is still strong.
Why it matters: Increasing the repurchase program can signal confidence in the stock. Lack of action may raise concerns.
Watch forAnnouncement of an increase in the stock repurchase program by $160M.
Also watch forNo announcement or a reduction in the stock repurchase program.
Why it matters: Earnings results will show how much money the company is making and growing.
Watch forQ3 earnings report shows positive revenue growth and meets profit targets.
Also watch forQ3 earnings report shows declining revenue or misses profit targets.