Filing Flows

Filing Flows › Companies › Asana › Cash flow

Asana cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$44.6M in Q2 FY27 · $124M over twelve months

Operating cash flow$46.0M
Capital spending−$1.5M
Free cash flow+$44.6M
Cash conversion cycle-29 days

Analysis

In Q2 FY27, Asana generated $46.0M of operating cash flow and spent $1.5M on capital projects, leaving free cash flow of $44.6M. That is $6.0M more than in Q2 FY26 ($38.5M).

Over the twelve months to Jul 31, 2026, operating cash flow was $130M; the largest uses were buybacks ($185M), capital spending ($6.2M), net borrowing (+) / repaid (−) ($5.0M); besides operations, cash came from other investing ($87.4M), other financing ($10.1M); the cash balance rose by $35.7M.

Operating cash flow was $46.0M against net income of −$39.2M. The largest differences: stock-based pay +$56.3M, deferred revenue +$26.5M, accrued liabilities +$13.1M.

Its cash conversion cycle was -29 days (receivables 32 + inventory 0 − payables 62): suppliers fund its working capital.

Free cash flow

Asana: free cash flow by quarterAsana: free cash flow by quarter−$16.3MQ3 FY25$14.3MQ4 FY25$6.1MQ1 FY26$38.5MQ2 FY26$15.5MQ3 FY26$26.4MQ4 FY26$37.4MQ1 FY27$44.6MQ2 FY27
Operating cash flow less capital spending.
Asana: operating cash flow against capital spendingAsana: operating cash flow against capital spendingOperating cash flowCapital spending−$14.9M$1.4MQ3 FY25$15.9M$1.5MQ4 FY25$6.8M$638KQ1 FY26$39.8M$1.3MQ2 FY26$16.2M$669KQ3 FY26$27.6M$1.2MQ4 FY26$40.2M$2.8MQ1 FY27$46.0M$1.5MQ2 FY27
Latest (Q2 FY27): Operating cash flow $46.0M, Capital spending $1.5M.

Capital allocation, year by year

Asana: where the cash came from (up) and went (down), by fiscal yearAsana: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY22: Operating cash flow −$83.8MFY22: Net borrowing $7.3MFY22: Shares issued $16.6MFY22: Capital spending −$41.6MFY22: Buybacks −$40K$23.9MFY22FY23: Operating cash flow −$160MFY23: Net borrowing $11.2MFY23: Shares issued $5.8MFY23: Capital spending −$5.4MFY23: Buybacks −$9K$17.0MFY23FY24: Operating cash flow −$17.9MFY24: Net borrowing −$3.1MFY24: Shares issued $4.8MFY24: Capital spending −$7.7M$4.8MFY24FY25: Operating cash flow $14.9MFY25: Net borrowing −$2.5MFY25: Shares issued $9.1MFY25: Capital spending −$5.6MFY25: Buybacks −$78.4M$24.0MFY25FY26: Operating cash flow $90.4MFY26: Net borrowing −$3.8MFY26: Shares issued $5.0MFY26: Capital spending −$3.8MFY26: Buybacks −$132M$95.4MFY26
Over these 5 years operating cash flow totalled −$156M; the largest uses were operating cash flow ($262M) and buybacks ($211M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$220M
Debtnone
Net cash$220M
Due within a year$37.1M

Asana funds itself: free cash flow was $124M over the last twelve months, with $220M of cash and investments and no debt on the balance sheet ($37.1M due within a year, 5.9× covered by cash).

Where the cash came from and went

Asana: sources (+) and uses (−) of cash, Q2 FY27Asana: sources (+) and uses (−) of cash, Q2 FY27Buybacks−$51.5MOperating cash flow$46.0MOther investing$34.2MCash drawn (+) / kept (−)−$26.1MCapital spending−$1.5MNet borrowing (+) / repaid (−)−$1.2MShares issued$654KExchange rates−$607K
Asana: sources (+) and uses (−) of cash, TTM to Q2 FY27Asana: sources (+) and uses (−) of cash, TTM to Q2 FY27Buybacks−$185MOperating cash flow$130MOther investing$87.4MCash drawn (+) / kept (−)−$35.7MOther financing$10.1MCapital spending−$6.2MNet borrowing (+) / repaid (−)−$5.0MShares issued$4.3MExchange rates$350K

From profit to cash

Asana: net income to operating cash flow, Q2 FY27Asana: net income to operating cash flow, Q2 FY27Net income−$39.2MDepreciation & amortization$6.1MStock-based pay$56.3MReceivables−$5.6MPayables−$10.9MAccrued liabilities$13.1MDeferred revenue$26.5MPrepaid and other assets−$508KOperating cash flow$46.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2732—62-29
Q1 FY2740—77-37
Q4 FY2641—59-18
Q3 FY2632—61-28
Q2 FY2632—55-23
Q1 FY2637—41-4
Q4 FY2538—53-15
Q3 FY2533—61-28

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$46.0M−$1.5M−$51.5M−$1.2M$654K−$26.1M$44.6M
Q1 FY27$40.2M−$2.8M−$45.0M−$2.5M$686K$5.9M$37.4M
Q4 FY26$27.6M−$1.2M−$58.0M—$2.2M−$16.4M$26.4M
Q3 FY26$16.2M−$669K−$30.8M−$1.2M$762K$794K$15.5M
Q2 FY26$39.8M−$1.3M−$28.9M−$2.5M$816K$9.4M$38.5M
Q1 FY26$6.8M−$638K−$14.5M—$1.3M−$9.2M$6.1M
Q4 FY25$15.9M−$1.5M−$4.5M−$625K$5.2M$12.2M$14.3M
Q3 FY25−$14.9M−$1.4M−$54.8M−$625K$1.8M$22.8M−$16.3M

Asana: income statement and cash flow

Asana, Q2 FY27: revenue $216M (+10% year over year), operating margin -19.0%. The chart follows the revenue to costs, profit and cash.

Asana: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.