Asana (ASAN) Cost of Revenue (2019 - 2026)
Asana's (ASAN) quarterly Cost of Revenue came in at $30.3 million in Q3 2026, up 49.97% year-over-year from $20.2 million in Q3 2025, and up 19.32% quarter-over-quarter from $25.4 million in Q2 2026.
Analysis
Asana (ASAN) Cost of Revenue (2019 - 2026) Analysis & Trends
Asana has disclosed Cost of Revenue across 8 years of filings, most recently posting $30.3 million for Q3 2026.
- In Q3 2026, Cost of Revenue rose 49.97% year-over-year to $30.3 million; the TTM figure through Jul 2026 stood at $103.0 million (up 30.69% YoY), while the FY2026 annual figure was $86.8 million, up 12.39% from the prior year.
- Cost of Revenue came in at $30.3 million for Q3 2026 at Asana, up from $25.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $30.3 million in Q3 2026 to a low of $11.5 million in Q1 2022.
- Average Cost of Revenue over 5 years is $18.5 million, with a median of $17.8 million recorded in 2024.
- Year-over-year, Cost of Revenue surged 58.23% in 2022 and rose 1.17% in 2025.
- Over 5 years, Cost of Revenue stood at $15.2 million in 2022, then gained by 5.89% to $16.1 million in 2023, then grew by 23.33% to $19.8 million in 2024, then grew by 12.67% to $22.3 million in 2025, then soared by 35.94% to $30.3 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $30.3 million in Q3 2026, $25.4 million in Q2 2026, and $25.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 238.45 Mn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 125.00 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 337.55 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 67.18 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 30.33 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | 13.40 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 11.67 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 |