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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Asana, Inc. (ASAN). Click either name above to swap in a different company.

Asana, Inc. is the larger business by last-quarter revenue ($201.0M vs $172.2M, roughly 1.2× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -34.0%, a 54.2% gap on every dollar of revenue. On growth, Asana, Inc. posted the faster year-over-year revenue change (9.3% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 8.4%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.

AAMI vs ASAN — Head-to-Head

Bigger by revenue
ASAN
ASAN
1.2× larger
ASAN
$201.0M
$172.2M
AAMI
Growing faster (revenue YoY)
ASAN
ASAN
+6.7% gap
ASAN
9.3%
2.6%
AAMI
Higher net margin
AAMI
AAMI
54.2% more per $
AAMI
20.2%
-34.0%
ASAN
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
8.4%
ASAN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AAMI
AAMI
ASAN
ASAN
Revenue
$172.2M
$201.0M
Net Profit
$34.7M
$-68.4M
Gross Margin
88.9%
Operating Margin
33.3%
-34.8%
Net Margin
20.2%
-34.0%
Revenue YoY
2.6%
9.3%
Net Profit YoY
-18.4%
-19.4%
EPS (diluted)
$0.97
$-0.29

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
ASAN
ASAN
Q4 25
$172.2M
$201.0M
Q3 25
$144.2M
$196.9M
Q2 25
$127.4M
$187.3M
Q1 25
$119.9M
$188.3M
Q4 24
$167.8M
$183.9M
Q3 24
$123.1M
$179.2M
Q2 24
$109.0M
$172.4M
Q1 24
$105.7M
$171.1M
Net Profit
AAMI
AAMI
ASAN
ASAN
Q4 25
$34.7M
$-68.4M
Q3 25
$15.1M
$-48.4M
Q2 25
$10.1M
$-40.0M
Q1 25
$20.1M
$-62.3M
Q4 24
$42.5M
$-57.3M
Q3 24
$16.9M
$-72.2M
Q2 24
$11.0M
$-63.7M
Q1 24
$14.6M
$-62.4M
Gross Margin
AAMI
AAMI
ASAN
ASAN
Q4 25
88.9%
Q3 25
89.7%
Q2 25
89.7%
Q1 25
89.6%
Q4 24
89.2%
Q3 24
88.8%
Q2 24
89.7%
Q1 24
89.8%
Operating Margin
AAMI
AAMI
ASAN
ASAN
Q4 25
33.3%
-34.8%
Q3 25
18.4%
-25.1%
Q2 25
12.7%
-23.4%
Q1 25
26.6%
-33.8%
Q4 24
38.7%
-32.7%
Q3 24
21.9%
-42.9%
Q2 24
18.9%
-38.4%
Q1 24
21.7%
-39.7%
Net Margin
AAMI
AAMI
ASAN
ASAN
Q4 25
20.2%
-34.0%
Q3 25
10.5%
-24.6%
Q2 25
7.9%
-21.4%
Q1 25
16.8%
-33.1%
Q4 24
25.3%
-31.2%
Q3 24
13.7%
-40.3%
Q2 24
10.1%
-37.0%
Q1 24
13.8%
-36.5%
EPS (diluted)
AAMI
AAMI
ASAN
ASAN
Q4 25
$0.97
$-0.29
Q3 25
$0.42
$-0.20
Q2 25
$0.28
$-0.17
Q1 25
$0.54
$-0.27
Q4 24
$1.11
$-0.25
Q3 24
$0.45
$-0.31
Q2 24
$0.29
$-0.28
Q1 24
$0.37
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
ASAN
ASAN
Cash + ST InvestmentsLiquidity on hand
$183.5M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$188.4M
Total Assets
$677.0M
$840.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
ASAN
ASAN
Q4 25
$183.5M
Q3 25
$184.1M
Q2 25
$193.8M
Q1 25
$184.7M
Q4 24
$196.8M
Q3 24
$219.4M
Q2 24
$222.0M
Q1 24
$236.7M
Total Debt
AAMI
AAMI
ASAN
ASAN
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
ASAN
ASAN
Q4 25
$188.4M
Q3 25
$224.6M
Q2 25
$236.3M
Q1 25
$227.5M
Q4 24
$239.3M
Q3 24
$291.9M
Q2 24
$319.9M
Q1 24
$326.4M
Total Assets
AAMI
AAMI
ASAN
ASAN
Q4 25
$677.0M
$840.4M
Q3 25
$751.4M
$883.2M
Q2 25
$672.3M
$877.1M
Q1 25
$677.3M
$891.4M
Q4 24
$703.2M
$874.2M
Q3 24
$555.2M
$945.4M
Q2 24
$533.1M
$978.2M
Q1 24
$544.9M
$962.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
ASAN
ASAN
Operating Cash FlowLast quarter
$-2.4M
$16.2M
Free Cash FlowOCF − Capex
$15.5M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$74.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
ASAN
ASAN
Q4 25
$-2.4M
$16.2M
Q3 25
$-23.9M
$39.8M
Q2 25
$61.6M
$6.8M
Q1 25
$-48.8M
$15.9M
Q4 24
$55.8M
$-14.9M
Q3 24
$69.6M
$15.9M
Q2 24
$45.7M
$-1.9M
Q1 24
$-40.4M
$-15.3M
Free Cash Flow
AAMI
AAMI
ASAN
ASAN
Q4 25
$15.5M
Q3 25
$38.5M
Q2 25
$6.1M
Q1 25
$14.3M
Q4 24
$-16.3M
Q3 24
$14.2M
Q2 24
$-2.9M
Q1 24
$-15.8M
FCF Margin
AAMI
AAMI
ASAN
ASAN
Q4 25
7.7%
Q3 25
19.6%
Q2 25
3.3%
Q1 25
7.6%
Q4 24
-8.8%
Q3 24
7.9%
Q2 24
-1.7%
Q1 24
-9.3%
Capex Intensity
AAMI
AAMI
ASAN
ASAN
Q4 25
0.3%
Q3 25
0.7%
Q2 25
0.3%
Q1 25
0.8%
Q4 24
0.7%
Q3 24
0.9%
Q2 24
0.6%
Q1 24
0.3%
Cash Conversion
AAMI
AAMI
ASAN
ASAN
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

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