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Side-by-side financial comparison of Asana, Inc. (ASAN) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.

PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $201.0M, roughly 1.7× Asana, Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs -34.0%, a 51.0% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 9.3%). Asana, Inc. produced more free cash flow last quarter ($15.5M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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.

PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.

ASAN vs PRAA — Head-to-Head

Bigger by revenue
PRAA
PRAA
1.7× larger
PRAA
$333.4M
$201.0M
ASAN
Growing faster (revenue YoY)
PRAA
PRAA
+4.4% gap
PRAA
13.7%
9.3%
ASAN
Higher net margin
PRAA
PRAA
51.0% more per $
PRAA
17.0%
-34.0%
ASAN
More free cash flow
ASAN
ASAN
$105.9M more FCF
ASAN
$15.5M
$-90.4M
PRAA
Faster 2-yr revenue CAGR
PRAA
PRAA
Annualised
PRAA
14.2%
8.4%
ASAN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ASAN
ASAN
PRAA
PRAA
Revenue
$201.0M
$333.4M
Net Profit
$-68.4M
$56.5M
Gross Margin
88.9%
Operating Margin
-34.8%
37.7%
Net Margin
-34.0%
17.0%
Revenue YoY
9.3%
13.7%
Net Profit YoY
-19.4%
206.3%
EPS (diluted)
$-0.29
$1.47

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
PRAA
PRAA
Q4 25
$201.0M
$333.4M
Q3 25
$196.9M
$311.1M
Q2 25
$187.3M
$287.7M
Q1 25
$188.3M
$269.6M
Q4 24
$183.9M
$293.2M
Q3 24
$179.2M
$281.5M
Q2 24
$172.4M
$284.2M
Q1 24
$171.1M
$255.6M
Net Profit
ASAN
ASAN
PRAA
PRAA
Q4 25
$-68.4M
$56.5M
Q3 25
$-48.4M
$-407.7M
Q2 25
$-40.0M
$42.4M
Q1 25
$-62.3M
$3.7M
Q4 24
$-57.3M
$18.5M
Q3 24
$-72.2M
$27.2M
Q2 24
$-63.7M
$21.5M
Q1 24
$-62.4M
$3.5M
Gross Margin
ASAN
ASAN
PRAA
PRAA
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
PRAA
PRAA
Q4 25
-34.8%
37.7%
Q3 25
-25.1%
-101.4%
Q2 25
-23.4%
29.6%
Q1 25
-33.8%
27.7%
Q4 24
-32.7%
32.1%
Q3 24
-42.9%
32.0%
Q2 24
-38.4%
31.4%
Q1 24
-39.7%
26.0%
Net Margin
ASAN
ASAN
PRAA
PRAA
Q4 25
-34.0%
17.0%
Q3 25
-24.6%
-131.0%
Q2 25
-21.4%
14.7%
Q1 25
-33.1%
1.4%
Q4 24
-31.2%
6.3%
Q3 24
-40.3%
9.6%
Q2 24
-37.0%
7.6%
Q1 24
-36.5%
1.4%
EPS (diluted)
ASAN
ASAN
PRAA
PRAA
Q4 25
$-0.29
$1.47
Q3 25
$-0.20
$-10.43
Q2 25
$-0.17
$1.08
Q1 25
$-0.27
$0.09
Q4 24
$-0.25
$0.47
Q3 24
$-0.31
$0.69
Q2 24
$-0.28
$0.54
Q1 24
$-0.28
$0.09

Balance Sheet & Financial Strength

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

Metric
ASAN
ASAN
PRAA
PRAA
Cash + ST InvestmentsLiquidity on hand
$183.5M
$104.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$188.4M
$979.9M
Total Assets
$840.4M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
PRAA
PRAA
Q4 25
$183.5M
$104.4M
Q3 25
$184.1M
$107.5M
Q2 25
$193.8M
$131.6M
Q1 25
$184.7M
$128.7M
Q4 24
$196.8M
$105.9M
Q3 24
$219.4M
$141.1M
Q2 24
$222.0M
$118.9M
Q1 24
$236.7M
$108.1M
Stockholders' Equity
ASAN
ASAN
PRAA
PRAA
Q4 25
$188.4M
$979.9M
Q3 25
$224.6M
$928.5M
Q2 25
$236.3M
$1.3B
Q1 25
$227.5M
$1.2B
Q4 24
$239.3M
$1.1B
Q3 24
$291.9M
$1.2B
Q2 24
$319.9M
$1.1B
Q1 24
$326.4M
$1.1B
Total Assets
ASAN
ASAN
PRAA
PRAA
Q4 25
$840.4M
$5.1B
Q3 25
$883.2M
$5.0B
Q2 25
$877.1M
$5.4B
Q1 25
$891.4M
$5.1B
Q4 24
$874.2M
$4.9B
Q3 24
$945.4M
$4.9B
Q2 24
$978.2M
$4.7B
Q1 24
$962.0M
$4.5B

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
PRAA
PRAA
Operating Cash FlowLast quarter
$16.2M
$-85.5M
Free Cash FlowOCF − Capex
$15.5M
$-90.4M
FCF MarginFCF / Revenue
7.7%
-27.1%
Capex IntensityCapex / Revenue
0.3%
1.4%
Cash ConversionOCF / Net Profit
-1.51×
TTM Free Cash FlowTrailing 4 quarters
$74.5M
$-169.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
PRAA
PRAA
Q4 25
$16.2M
$-85.5M
Q3 25
$39.8M
$-10.1M
Q2 25
$6.8M
$-12.9M
Q1 25
$15.9M
$-52.6M
Q4 24
$-14.9M
$-94.6M
Q3 24
$15.9M
$-35.0M
Q2 24
$-1.9M
$-29.5M
Q1 24
$-15.3M
$-73.0M
Free Cash Flow
ASAN
ASAN
PRAA
PRAA
Q4 25
$15.5M
$-90.4M
Q3 25
$38.5M
$-11.3M
Q2 25
$6.1M
$-14.2M
Q1 25
$14.3M
$-53.5M
Q4 24
$-16.3M
$-98.6M
Q3 24
$14.2M
$-36.1M
Q2 24
$-2.9M
$-30.8M
Q1 24
$-15.8M
$-73.5M
FCF Margin
ASAN
ASAN
PRAA
PRAA
Q4 25
7.7%
-27.1%
Q3 25
19.6%
-3.6%
Q2 25
3.3%
-4.9%
Q1 25
7.6%
-19.8%
Q4 24
-8.8%
-33.6%
Q3 24
7.9%
-12.8%
Q2 24
-1.7%
-10.8%
Q1 24
-9.3%
-28.8%
Capex Intensity
ASAN
ASAN
PRAA
PRAA
Q4 25
0.3%
1.4%
Q3 25
0.7%
0.4%
Q2 25
0.3%
0.4%
Q1 25
0.8%
0.3%
Q4 24
0.7%
1.4%
Q3 24
0.9%
0.4%
Q2 24
0.6%
0.5%
Q1 24
0.3%
0.2%
Cash Conversion
ASAN
ASAN
PRAA
PRAA
Q4 25
-1.51×
Q3 25
Q2 25
-0.30×
Q1 25
-14.37×
Q4 24
-5.13×
Q3 24
-1.29×
Q2 24
-1.37×
Q1 24
-21.01×

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%

PRAA
PRAA

GB$170.1M51%
Other$163.3M49%

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