ROARABLE
FREE $100K
My Trading Account β†’
β–Ύ
Trading Profile Active
Active Trader
Verified Trader
⚑ My $100K Trading Account β†’ β˜… My Saved Watchlist β†’
🟒 My $100K Account β†’ Today Screener Big Ideas Track Record πŸ’° $100K Arena 🎲 Predictions πŸ›οΈ Insiders 8 Analysts
Stock Ratings / Technology / ASAN / financials
VERX (59) PRCH (66) BLKB (61) NCNO (60) ⌘ Pro Terminal β†’

Asana Inc. (Class A) (ASAN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$11.06 -1.51% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.01

Asana Inc. (Class A) (ASAN) carries a Roarable Rating of D+ (Sell) with 52/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ β€’ SELL / AVOID Cap $2.57B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on ASAN Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is ASAN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, Asana Inc. (Class A) (NYSE: ASAN) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $11.06 (-1.51% 1D, market cap $2.57B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 16/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 8/20. Across 715 tracked Technology issuers, ASAN ranks #317 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does ASAN compare to VERX and PRCH in the Technology sector?
β–Ό

Within the Technology sector (Computer Software: Prepackaged Software), ASAN carries a Roarable D+ (52/100 RQD), trailing P/E of N/A, gross margin of 89.0%, and ROIC of -35.0%. By comparison, VERX (Vertex Inc. (Class A)) holds a C- grade (59/100 RQD, P/E N/A, ROIC 0.7%, cap $2.49B) and PRCH (Porch Group Inc.) posts a C+ grade (66/100 RQD, P/E N/A, ROIC 9.1%, cap $2.73B). Among the 5-stock peer group, BLKB leads on earnings multiple (20.6x) while BLKB leads on capital efficiency (13.3% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for ASAN?
β–Ό

Per ASAN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0001477720), Asana Inc. (Class A) generated $790.8M in revenue (+9.2% YoY), -$189.0M in net income, and $86.6M in free cash flow against $844.1M in total assets and $0 in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $11.01 (-0.46%)🧬 Disciplined Float (-0.12% YoY Shares)βš™οΈ Cash Engine: 8/20 (D-) β€’ 10.9% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record: Scores of 52/100 (D+) historically posted market-perform odds over rolling 90-day windows (-1.1% avg 90D alpha vs SPY β€’ 50.1% hit rate β€” wait for RQD β‰₯ 70 breakout).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D+
025507510052
2-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D+ Β· Rk D
Cash (8)Whales (16)SEC (10)Macro (10)CEO (8)
Each axis scored 0–20
12M PRICE TARGET CONE-2.7% Base Target
$16 Bull$11 Base$8 Bear
πŸ“¬ FREE ASAN RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for ASAN)Realized 20D OHLCV Swing Band: Β±11%
Deterministic 5-Pillar Attribution (52/100 Composite)
πŸ” WHY ASAN SCORES 52/100 (D+) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: Whale & Options Positioning+16/20 pts (31% of score)

20D Institutional Volume Accumulation (Β±11% realized swing band)

β–² #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (19% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) β€’ Piotroski F-Score 7/9

β–Ό #1 Drag / Risk Factor: Insider Conviction & Share Dilution8/20 pts (-12 pt drag)

Disciplined Float (-0.12% YoY Shares) & executive Form 4 sales trim 12 pts from alignment

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
44
Grade D$9.86+8.9% Next Q
Q2 (-2Q)
47
Grade D$10.74+10.4% Next Q
Q3 (-1Q)
49
Grade D$11.86-6.7% Next Q
Current
52
Grade D+$11.06-1.1% Hist 90D Ξ±
Trajectory: D (44) β†’ D+ (52)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a ASAN Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While ASAN currently carries a cautious 52/100 (D+) rating due to Insider Conviction & Share Dilution (8/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Big institutional funds and options desks are actively positioning on the bullish side.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($9.87) and Max Pain ($11.61) forces dealer call-delta covering toward $16.04.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.12% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ASANβ€’ $4.8M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œASAN Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
YES 52%NO 48%Trade / Inspect Odds β†’
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL β€’ FY 2025 (10-K)

How ASAN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$86.6M (10.9% FCF Margin)
Revenue$790.8MGross Profit $704.0M (89%)Cost of Sales $86.8MOp Profit $0 (0%)OpEx (R&D/SG&A) $704.0MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

β–  Revenueβ–  Net Profitβ–  Free Cash Flow
FY23
Rev $652.5M
FY24
Rev $723.9M
FY25
Rev $790.8M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$790.8M89%-25%-$189.0M$86.6M-45%
FY 2024$723.9M89.3%-36.8%-$255.5M$9.4M-45%
FY 2023$652.5M89%-41.4%-$257.0M-$17.9M-35%
ON-DEMAND RQD QUANT WORKSHOP β€’ SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ASAN)

  • βœ“Walkthrough of ASAN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
Join Founding VIP Waitlist (No Card Required) β†’$100K Arena
ASAN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +53.19%β–² ASCENDING CHANNEL
2026-11-03O $11.26H $11.26L $11.06C $11.06VOL 4.64M
RES: $12.45SUP: $8.81SMA50: $9.87SMA200: $8.11
$12.70$10.79$8.87$6.96$5.05RES $12.45SUP $8.81$11.062026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ASAN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

πŸ¦‹ ASAN Butterfly Map β†’ + Track ASAN β†’
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +9.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on ASAN today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for ASAN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for ASAN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ASAN)

Technology Rank #317 of 715 βš”οΈ VERX vs ASAN Full Matrix β†’

1. Head-to-Head Technology Peer Comparison (ASAN vs. VERX, PRCH, BLKB, NCNO)

Industry: Computer Software: Prepackaged Software (222 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Asana Inc. (Class A) (ASAN) ranks #317 by composite RQD confidence (52/100, grade D+) and #266 by equity capitalization ($2.57B). Within this direct 5-issuer industry benchmark cohort, BLKB leads on earnings valuation at 20.6x trailing P/E, while BLKB leads on capital efficiency and profitability with 13.3% ROIC and 58.8% gross margin. PRCH currently holds the highest overall quantitative score in the immediate peer group at 66/100 (C+) compared with ASAN at 52/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
ASAN ACTIVE
Asana Inc. (Class A)
D+ 52/100 β€” 89.0% -35.0% -1.51% $2.57B Benchmark Subject
VERX
Vertex Inc. (Class A)
C- 59/100 β€” 64.3% 0.7% +3.33% $2.49B /verx-vs-asan β†’
PRCH
Porch Group Inc.
C+ 66/100 β€” 81.2% 9.1% -1.85% $2.73B /prch-vs-asan β†’
BLKB
Blackbaud Inc.
C- 61/100 20.6x 58.8% 13.3% +1.66% $2.41B /blkb-vs-asan β†’
NCNO
nCino Inc.
C- 60/100 β€” 60.6% 0.2% +2.12% $2.40B /ncno-vs-asan β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2026-01-31 β€’ CIK 0001477720 β†—

In its most recent audited fiscal period (FY2025, filed 2026-01-31), Asana Inc. (Class A) (ASAN) reported GAAP revenue of $790.8M (+9.2% vs. FY2024 revenue of $723.9M , and +21.2% cumulative change since FY2023) , GAAP net income of -$189.0M, operating cash flow of $90.4M, and free cash flow of $86.6M (+825.3% YoY). On the balance sheet, ASAN closed FY2025 with $844.1M in total assets against $0 in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2026-01-31 $790.8M -$189.0M $90.4M $86.6M $844.1M β€”
FY2024 (FY) 2025-01-31 $723.9M -$255.5M $14.9M $9.4M $891.4M β€”
FY2023 (FY) 2024-01-31 $652.5M -$257.0M -$17.9M -$17.9M β€” β€”

3. ASAN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ASAN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Asana Inc. (Class A) (NYSE: ASAN) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $11.06 (-1.51% 1D, market cap $2.57B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 16/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 8/20. Across 715 tracked Technology issuers, ASAN ranks #317 in composite RQD confidence.

How does ASAN compare to VERX and PRCH in the Technology sector?

Within the Technology sector (Computer Software: Prepackaged Software), ASAN carries a Roarable D+ (52/100 RQD), trailing P/E of N/A, gross margin of 89.0%, and ROIC of -35.0%. By comparison, VERX (Vertex Inc. (Class A)) holds a C- grade (59/100 RQD, P/E N/A, ROIC 0.7%, cap $2.49B) and PRCH (Porch Group Inc.) posts a C+ grade (66/100 RQD, P/E N/A, ROIC 9.1%, cap $2.73B). Among the 5-stock peer group, BLKB leads on earnings multiple (20.6x) while BLKB leads on capital efficiency (13.3% ROIC).

What are the biggest fundamental strengths and SEC risk factors for ASAN?

Per ASAN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0001477720), Asana Inc. (Class A) generated $790.8M in revenue (+9.2% YoY), -$189.0M in net income, and $86.6M in free cash flow against $844.1M in total assets and $0 in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is ASAN trading relative to its 50-day, 200-day, and 52-week technical levels?

ASAN last traded at $11.06 (-1.51% on volume of 4,985,818 shares), positioning the stock +12.06% above its 50-day simple moving average ($9.87) and +36.37% above its 200-day simple moving average ($8.11). Across its 52-week range of $5.38 to $15.28, ASAN sits at the 57.4% percentile with a 14-day RSI of 59.6 (BULLISH MOMENTUM) and an implied next-earnings move of Β±11.0% ($9.84 to $12.28).

Direct Sub-Reports: ASAN RQD Cockpit ASAN 12M Forecast ASAN Earnings & Move ASAN Dividends & DRIP ASAN Insiders & 13F ASAN Whale Options ASAN Profit Sankey ASAN News & Why
ROARABLE RATING BRIEF β€’ RQD 52/100 (D+) βœ“ SEC XBRL & RQD VERIFIED

ASAN β€” Asana Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-01-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Asana Inc. (Class A) (ASAN) earns a live Roarable RQD composite score of 52/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $11.06 (-1.51% 1D, market capitalization $2.57B).

  • Fundamental Cash Engine (8/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 89.0%, operating margin of -25.0%, and free cash flow yield of 3.36%.
  • Whale 13F & Options Flow (16/20) + Insider Conviction (8/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (10/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.20, Piotroski F-Score of 7/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Asana Inc. (Class A) (ASAN) is a NYSE-listed issuer classified under the Technology sector and the Computer Software: Prepackaged Software industry,. Gross margin is reported at 89%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2026-01-31), Asana Inc. (Class A) (ASAN) reported $790.8M in annual revenue (up from $723.9M in FY2024, +9.2% YoY) and -$189.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($652.5M revenue, -$257.0M net income) through FY2025, ASAN scaled operating cash flow to $90.4M and free cash flow to $86.6M, backed by $844.1M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (D+ β€’ RQD 52/100): Big institutional funds and options desks are actively positioning on the bullish side. Free cash flow yield of 3.36% and institutional whale pillar of 16/20. With Fundamental Cash Engine at 8/20 and Institutional Whale Flow at 16/20, sustained execution supports upside toward the upper end of the $5.38 – $15.28 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -25.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Supply_chain is NONE and butterfly_links is empty, so upstream and downstream dependencies are β€” Sector correlations beyond the Technology / Prepackaged Software classification are β€” Investors should watch whether sector peers' moves (referenced in the Globe and Mail trading-up headline) feed through to ASAN, but the source does not quantify any such linkage.

  • Key Question #1: Can ASAN sustain or expand its -25.0% operating margin and -35.0% ROIC against Computer Software: Prepackaged Software peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $790.8M and free cash flow of $86.6M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is ASAN's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

ASAN Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Asana Inc. (Class A) (ASAN) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to ASAN Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

ASAN Bull vs. Bear Conversation Board β€” What's Your Call at $11.06?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON ASAN 🐻 33% BEARISH CONVICTION
1. Pick Your Side on ASAN:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
BR BreakoutHunter RQD DEBATE OPENER β€’ Swing & Catalyst Trader πŸ‚ BULLISH 🎯 Target: $13.03 (+16.0%)
πŸ“Œ Pinned Debate

Institutional accumulation and options positioning score 16/20 in the RQD rating, the strongest pillar, and FY 2025 free cash flow was

Picked up a starter position in ASAN in my $100K Virtual Cash book at $11.23. Institutional accumulation and options positioning score 16/20 in the RQD rating, the strongest pillar, and FY 2025 free cash flow was positive at $86.6M.. Trading inside a $5.38–$15.28 52-week range with 3.36% FCF yield gives solid downside support if Computer Software: Prepackaged Software multiples expand this quarter.

VolSurface_Trader πŸ‚ BULL

@ForensicBear Shorting a 16/20 institutional whale-flow stock at $11.23 is dangerous when funds are rotating into Technology.

FO ForensicBear RQD DEBATE OPENER β€’ 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $8.87 (-21.0%)
Spot @ $11.23

The Altman Z-Score of 0.2 signals distress and operating losses of -$197.3M in FY 2025 persisted despite revenue growth to $790.8M.

The Altman Z-Score of 0.2 signals distress and operating losses of -$197.3M in FY 2025 persisted despite revenue growth to $790.8M.. Look at the math on ASAN: paying current EV/EBITDA multiples for -35.0% ROIC and -25.0% operating margins leaves zero margin of safety if Computer Software: Prepackaged Software demand softens. I'd wait for a retest of $9.88 before getting long.

LIVE TAPE