Asana (ASAN) Invested Capital (2020 - 2026)
Asana (ASAN) reported Invested Capital of $154.12 million for fiscal Q4 2026 (quarter ended Jan 31, 2026), down 42.2% from $266.81 million a year earlier and down 31.2% from the prior quarter.
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Analysis
Asana (ASAN) Invested Capital (2020 - 2026) Analysis & Trends
Dating back to fiscal Q4 2020, Asana's Invested Capital record includes 23 quarters.
- Invested Capital has declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 55.9% (FY2021 to FY2026).
- By fiscal year, Invested Capital came in at $266.81 million in FY2025 (-27.9%), $370.01 million in FY2024 (-8.2%), $403.27 million in FY2023 (+69.1%) and $238.45 million in FY2022.
- The fiscal Q4 2026 figure ranks as the lowest quarterly Invested Capital since fiscal Q2 2023.
- Year over year, Invested Capital has now declined in each of the last ten quarters, with an average decline of 22.8% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was fiscal Q3 2022 (growth of 604.4%); the low point was fiscal Q2 2023 (a decline of 60.7%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $223.94 million (Q3 2026), $261.37 million (Q2 2026) and $274.36 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.52 Bn | 69.77 Bn | 6.00 Bn | 16.53 Bn |
| 2 | Autodesk | 54.99 Bn | 43.02 Bn | 1.87 Bn | 6.36 Bn |
| 3 | Atlassian | 39.98 Bn | 33.26 Bn | 1.53 Bn | 2.05 Bn |
| 4 | Twilio | 30.87 Bn | 20.51 Bn | 760.53 Mn | 10.16 Bn |
| 5 | Zoom Communications | 26.33 Bn | -4.40 Bn | 985.50 Mn | - |
| 6 | Figma | 10.00 Bn | 3.32 Bn | 314.44 Mn | - |
| 7 | Dropbox | 7.80 Bn | 3.43 Bn | 506.50 Mn | 421.20 Mn |
| 8 | Open Text | 6.19 Bn | 1.62 Bn | 1.01 Bn | 9.79 Bn |
| 9 | RingCentral | 6.04 Bn | 5.57 Bn | 494.30 Mn | 998.19 Mn |
| 10 | Asana | 2.46 Bn | 1.66 Bn | 186.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 154.12 Mn |
| Oct 31, 2025 | 223.94 Mn |
| Jul 31, 2025 | 261.37 Mn |
| Apr 30, 2025 | 274.36 Mn |
| Jan 31, 2025 | 266.81 Mn |
| Oct 31, 2024 | 279.17 Mn |
| Jul 31, 2024 | 333.06 Mn |
| Apr 30, 2024 | 362.28 Mn |
| Jan 31, 2024 | 370.01 Mn |
| Oct 31, 2023 | 377.03 Mn |
| Jul 31, 2023 | 379.72 Mn |
| Apr 30, 2023 | 394.17 Mn |
| Jan 31, 2023 | 403.27 Mn |
| Oct 31, 2022 | 425.43 Mn |
| Jul 31, 2022 | 124.08 Mn |
| Apr 30, 2022 | 189.42 Mn |
| Jan 31, 2022 | 238.45 Mn |
| Oct 31, 2021 | 283.07 Mn |
| Jul 31, 2021 | 315.87 Mn |
| Apr 30, 2021 | -10.10 Mn |
API Access
Asana Invested Capital 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=invested-capital&ticker=ASAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ASAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();