Asana (ASAN) Cost of Revenue (2019 - 2026)
Asana (ASAN) reported Cost of Revenue of $30.33 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 50.0% from $20.22 million a year earlier and up 19.3% from the prior quarter.
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Analysis
Asana (ASAN) Cost of Revenue (2019 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Asana's Cost of Revenue came in at $103.05 million, up 30.7% year-over-year; for FY2026 (ended Jan 31, 2026), it was $86.76 million, up 12.4% from FY2025.
- Cost of Revenue has increased for seven consecutive fiscal years, with a five-year compound annual growth rate of 24.7% (FY2021 to FY2026).
- By fiscal year, Cost of Revenue came in at $77.19 million in FY2025 (+19.6%), $64.52 million in FY2024 (+14.1%), $56.56 million in FY2023 (+45.4%) and $38.9 million in FY2022 (+35.3%).
- The fiscal Q2 2027 figure ranks as the highest quarterly Cost of Revenue in data going back to fiscal Q3 2020.
- Year over year, Cost of Revenue has now increased in each of the last 24 quarters, with growth averaging 20.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 1.2% in fiscal Q2 2026 to 58.2% in fiscal Q3 2023.
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $25.41 million (Q1 2027), $25 million (Q4 2026) and $22.31 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 763.00 Mn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 238.45 Mn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 176.00 Mn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 773.22 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 291.72 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | 60.47 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 125.00 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 555.10 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 184.70 Mn |
| 10 | Asana | 2.41 Bn | 1.61 Bn | 186.10 Mn | 30.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 30.33 Mn |
| Apr 30, 2026 | 25.41 Mn |
| Jan 31, 2026 | 25.00 Mn |
| Oct 31, 2025 | 22.31 Mn |
| Jul 31, 2025 | 20.22 Mn |
| Apr 30, 2025 | 19.23 Mn |
| Jan 31, 2025 | 19.60 Mn |
| Oct 31, 2024 | 19.80 Mn |
| Jul 31, 2024 | 19.99 Mn |
| Apr 30, 2024 | 17.80 Mn |
| Jan 31, 2024 | 17.39 Mn |
| Oct 31, 2023 | 16.05 Mn |
| Jul 31, 2023 | 16.23 Mn |
| Apr 30, 2023 | 14.85 Mn |
| Jan 31, 2023 | 15.21 Mn |
| Oct 31, 2022 | 15.16 Mn |
| Jul 31, 2022 | 13.76 Mn |
| Apr 30, 2022 | 12.44 Mn |
| Jan 31, 2022 | 11.53 Mn |
| Oct 31, 2021 | 9.58 Mn |
API Access
Asana Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ASAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ASAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ASAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();