ASANAsana, Inc.
Services-Prepackaged Software
- Revenue
- $791M
- 9.2% YoY
- Operating margin
- -25.0%
- 32% YoY
- EBITDA
- −$175M
- 30% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired27% of revenueOver 10% of revenue
- Payouts exceed cash flowFired146% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear7% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $378M | $547M | $653M | $724M | $791M | 9.2% |
| Operating income | −$265M | −$408M | −$270M | −$267M | −$197M | 26% |
| Net income | −$288M | −$408M | −$257M | −$256M | −$189M | 26% |
| Operating cash flow | −$84M | −$160M | −$18M | $15M | $90M | 505% |
| Capex | $42M | $5M | $8M | $6M | $4M | 32% |
| Stock-based comp | $105M | $189M | $202M | $211M | $215M | 1.7% |
| Buybacks | $40K | $9K | $0 | $78M | $132M | 69% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 29 | 256 |
| FY2025 | — | — | 60 | 204 |
| FY2024 | — | — | 49 | 160 |
| FY2023 | — | — | 44 | 107 |
| FY2022 | — | — | 148 | 126 |