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Side-by-side financial comparison of Asana, Inc. (ASAN) and DigitalBridge Group, Inc. (DBRG). Click either name above to swap in a different company.

Asana, Inc. is the larger business by last-quarter revenue ($201.0M vs $105.7M, roughly 1.9× DigitalBridge Group, Inc.). DigitalBridge Group, Inc. runs the higher net margin — 61.5% vs -34.0%, a 95.6% gap on every dollar of revenue. On growth, Asana, Inc. posted the faster year-over-year revenue change (9.3% vs 4.1%). DigitalBridge Group, Inc. produced more free cash flow last quarter ($258.0M vs $15.5M). Over the past eight quarters, DigitalBridge Group, Inc.'s revenue compounded faster (19.2% CAGR vs 8.4%).

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.

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.

ASAN vs DBRG — Head-to-Head

Bigger by revenue
ASAN
ASAN
1.9× larger
ASAN
$201.0M
$105.7M
DBRG
Growing faster (revenue YoY)
ASAN
ASAN
+5.2% gap
ASAN
9.3%
4.1%
DBRG
Higher net margin
DBRG
DBRG
95.6% more per $
DBRG
61.5%
-34.0%
ASAN
More free cash flow
DBRG
DBRG
$242.5M more FCF
DBRG
$258.0M
$15.5M
ASAN
Faster 2-yr revenue CAGR
DBRG
DBRG
Annualised
DBRG
19.2%
8.4%
ASAN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ASAN
ASAN
DBRG
DBRG
Revenue
$201.0M
$105.7M
Net Profit
$-68.4M
$65.1M
Gross Margin
88.9%
Operating Margin
-34.8%
Net Margin
-34.0%
61.5%
Revenue YoY
9.3%
4.1%
Net Profit YoY
-19.4%
EPS (diluted)
$-0.29
$0.28

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
ASAN
ASAN
DBRG
DBRG
Q4 25
$201.0M
$105.7M
Q3 25
$196.9M
$93.3M
Q2 25
$187.3M
$85.3M
Q1 25
$188.3M
$90.1M
Q4 24
$183.9M
$101.6M
Q3 24
$179.2M
$76.6M
Q2 24
$172.4M
$390.3M
Q1 24
$171.1M
$74.4M
Net Profit
ASAN
ASAN
DBRG
DBRG
Q4 25
$-68.4M
$65.1M
Q3 25
$-48.4M
$31.4M
Q2 25
$-40.0M
$31.6M
Q1 25
$-62.3M
$13.8M
Q4 24
$-57.3M
Q3 24
$-72.2M
$13.8M
Q2 24
$-63.7M
$91.4M
Q1 24
$-62.4M
$-29.6M
Gross Margin
ASAN
ASAN
DBRG
DBRG
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
ASAN
ASAN
DBRG
DBRG
Q4 25
-34.8%
Q3 25
-25.1%
-13.9%
Q2 25
-23.4%
-31.2%
Q1 25
-33.8%
-11.5%
Q4 24
-32.7%
5.7%
Q3 24
-42.9%
62.4%
Q2 24
-38.4%
33.5%
Q1 24
-39.7%
-20.7%
Net Margin
ASAN
ASAN
DBRG
DBRG
Q4 25
-34.0%
61.5%
Q3 25
-24.6%
33.7%
Q2 25
-21.4%
37.1%
Q1 25
-33.1%
15.3%
Q4 24
-31.2%
Q3 24
-40.3%
18.0%
Q2 24
-37.0%
23.4%
Q1 24
-36.5%
-39.8%
EPS (diluted)
ASAN
ASAN
DBRG
DBRG
Q4 25
$-0.29
$0.28
Q3 25
$-0.20
$0.09
Q2 25
$-0.17
$0.10
Q1 25
$-0.27
$-0.01
Q4 24
$-0.25
Q3 24
$-0.31
$-0.01
Q2 24
$-0.28
$0.44
Q1 24
$-0.28
$-0.28

Balance Sheet & Financial Strength

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

Metric
ASAN
ASAN
DBRG
DBRG
Cash + ST InvestmentsLiquidity on hand
$183.5M
$382.5M
Total DebtLower is stronger
$298.8M
Stockholders' EquityBook value
$188.4M
$2.1B
Total Assets
$840.4M
$3.4B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
DBRG
DBRG
Q4 25
$183.5M
$382.5M
Q3 25
$184.1M
$358.4M
Q2 25
$193.8M
$340.7M
Q1 25
$184.7M
$349.9M
Q4 24
$196.8M
$302.2M
Q3 24
$219.4M
$294.4M
Q2 24
$222.0M
$261.2M
Q1 24
$236.7M
$247.4M
Total Debt
ASAN
ASAN
DBRG
DBRG
Q4 25
$298.8M
Q3 25
$327.9M
Q2 25
$298.0M
Q1 25
$296.9M
Q4 24
$296.4M
Q3 24
$295.8M
Q2 24
$295.3M
Q1 24
$366.5M
Stockholders' Equity
ASAN
ASAN
DBRG
DBRG
Q4 25
$188.4M
$2.1B
Q3 25
$224.6M
$2.1B
Q2 25
$236.3M
$2.0B
Q1 25
$227.5M
$2.0B
Q4 24
$239.3M
$2.0B
Q3 24
$291.9M
$2.0B
Q2 24
$319.9M
$2.0B
Q1 24
$326.4M
$1.8B
Total Assets
ASAN
ASAN
DBRG
DBRG
Q4 25
$840.4M
$3.4B
Q3 25
$883.2M
$3.5B
Q2 25
$877.1M
$3.4B
Q1 25
$891.4M
$3.4B
Q4 24
$874.2M
$3.5B
Q3 24
$945.4M
$3.5B
Q2 24
$978.2M
$3.5B
Q1 24
$962.0M
$3.5B
Debt / Equity
ASAN
ASAN
DBRG
DBRG
Q4 25
0.14×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
ASAN
ASAN
DBRG
DBRG
Operating Cash FlowLast quarter
$16.2M
$259.3M
Free Cash FlowOCF − Capex
$15.5M
$258.0M
FCF MarginFCF / Revenue
7.7%
244.0%
Capex IntensityCapex / Revenue
0.3%
1.3%
Cash ConversionOCF / Net Profit
3.99×
TTM Free Cash FlowTrailing 4 quarters
$74.5M
$440.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
DBRG
DBRG
Q4 25
$16.2M
$259.3M
Q3 25
$39.8M
$56.5M
Q2 25
$6.8M
$77.0M
Q1 25
$15.9M
$50.3M
Q4 24
$-14.9M
$60.1M
Q3 24
$15.9M
$35.9M
Q2 24
$-1.9M
$22.5M
Q1 24
$-15.3M
$-27.0M
Free Cash Flow
ASAN
ASAN
DBRG
DBRG
Q4 25
$15.5M
$258.0M
Q3 25
$38.5M
$56.1M
Q2 25
$6.1M
$76.4M
Q1 25
$14.3M
$50.0M
Q4 24
$-16.3M
$56.5M
Q3 24
$14.2M
Q2 24
$-2.9M
$22.3M
Q1 24
$-15.8M
$-30.1M
FCF Margin
ASAN
ASAN
DBRG
DBRG
Q4 25
7.7%
244.0%
Q3 25
19.6%
60.2%
Q2 25
3.3%
89.5%
Q1 25
7.6%
55.5%
Q4 24
-8.8%
55.7%
Q3 24
7.9%
Q2 24
-1.7%
5.7%
Q1 24
-9.3%
-40.4%
Capex Intensity
ASAN
ASAN
DBRG
DBRG
Q4 25
0.3%
1.3%
Q3 25
0.7%
0.4%
Q2 25
0.3%
0.7%
Q1 25
0.8%
0.3%
Q4 24
0.7%
3.5%
Q3 24
0.9%
0.0%
Q2 24
0.6%
0.1%
Q1 24
0.3%
4.1%
Cash Conversion
ASAN
ASAN
DBRG
DBRG
Q4 25
3.99×
Q3 25
1.80×
Q2 25
2.43×
Q1 25
3.65×
Q4 24
Q3 24
2.61×
Q2 24
0.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

DBRG
DBRG

Segment breakdown not available.

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