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Side-by-side financial comparison of Asana, Inc. (ASAN) and MongoDB, Inc. (MDB), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
MongoDB, Inc. is the larger business by last-quarter revenue ($628.3M vs $201.0M, roughly 3.1× Asana, Inc.). MongoDB, Inc. runs the higher net margin — -34.0% vs -0.3%, a 33.7% gap on every dollar of revenue. On growth, MongoDB, Inc. posted the faster year-over-year revenue change (18.7% vs 9.3%). MongoDB, Inc. produced more free cash flow last quarter ($141.8M vs $15.5M). Over the past eight quarters, MongoDB, Inc.'s revenue compounded faster (17.1% 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.
MongoDB, Inc. is an American software company that develops and provides commercial support for the source-available database engine MongoDB, a database for unstructured data. Over the years, the company has expanded the product from its NoSQL roots to have broader appeal to enterprise customers, such as adding ACID and transactions.
ASAN vs MDB — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $201.0M | $628.3M |
| Net Profit | $-68.4M | $-2.0M |
| Gross Margin | 88.9% | 71.5% |
| Operating Margin | -34.8% | -2.9% |
| Net Margin | -34.0% | -0.3% |
| Revenue YoY | 9.3% | 18.7% |
| Net Profit YoY | -19.4% | 79.5% |
| EPS (diluted) | $-0.29 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $201.0M | $628.3M | ||
| Q3 25 | $196.9M | $591.4M | ||
| Q2 25 | $187.3M | $549.0M | ||
| Q1 25 | $188.3M | $548.4M | ||
| Q4 24 | $183.9M | $529.4M | ||
| Q3 24 | $179.2M | $478.1M | ||
| Q2 24 | $172.4M | $450.6M | ||
| Q1 24 | $171.1M | $458.0M |
| Q4 25 | $-68.4M | $-2.0M | ||
| Q3 25 | $-48.4M | $-47.0M | ||
| Q2 25 | $-40.0M | $-37.6M | ||
| Q1 25 | $-62.3M | $15.8M | ||
| Q4 24 | $-57.3M | $-9.8M | ||
| Q3 24 | $-72.2M | $-54.5M | ||
| Q2 24 | $-63.7M | $-80.6M | ||
| Q1 24 | $-62.4M | $-55.5M |
| Q4 25 | 88.9% | 71.5% | ||
| Q3 25 | 89.7% | 71.0% | ||
| Q2 25 | 89.7% | 71.2% | ||
| Q1 25 | 89.6% | 72.8% | ||
| Q4 24 | 89.2% | 74.4% | ||
| Q3 24 | 88.8% | 73.2% | ||
| Q2 24 | 89.7% | 72.8% | ||
| Q1 24 | 89.8% | 75.0% |
| Q4 25 | -34.8% | -2.9% | ||
| Q3 25 | -25.1% | -11.0% | ||
| Q2 25 | -23.4% | -9.8% | ||
| Q1 25 | -33.8% | -3.4% | ||
| Q4 24 | -32.7% | -5.3% | ||
| Q3 24 | -42.9% | -14.9% | ||
| Q2 24 | -38.4% | -21.8% | ||
| Q1 24 | -39.7% | -15.5% |
| Q4 25 | -34.0% | -0.3% | ||
| Q3 25 | -24.6% | -8.0% | ||
| Q2 25 | -21.4% | -6.9% | ||
| Q1 25 | -33.1% | 2.9% | ||
| Q4 24 | -31.2% | -1.8% | ||
| Q3 24 | -40.3% | -11.4% | ||
| Q2 24 | -37.0% | -17.9% | ||
| Q1 24 | -36.5% | -12.1% |
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.17 | — | ||
| Q1 25 | $-0.27 | — | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.31 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 24 | $-0.28 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $183.5M | $834.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $188.4M | $2.9B |
| Total Assets | $840.4M | $3.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $183.5M | $834.1M | ||
| Q3 25 | $184.1M | $647.1M | ||
| Q2 25 | $193.8M | $657.8M | ||
| Q1 25 | $184.7M | $490.1M | ||
| Q4 24 | $196.8M | $673.1M | ||
| Q3 24 | $219.4M | $1.3B | ||
| Q2 24 | $222.0M | $815.7M | ||
| Q1 24 | $236.7M | $803.0M |
| Q4 25 | $188.4M | $2.9B | ||
| Q3 25 | $224.6M | $2.9B | ||
| Q2 25 | $236.3M | $3.0B | ||
| Q1 25 | $227.5M | $2.8B | ||
| Q4 24 | $239.3M | $1.5B | ||
| Q3 24 | $291.9M | $1.4B | ||
| Q2 24 | $319.9M | $1.3B | ||
| Q1 24 | $326.4M | $1.1B |
| Q4 25 | $840.4M | $3.6B | ||
| Q3 25 | $883.2M | $3.5B | ||
| Q2 25 | $877.1M | $3.6B | ||
| Q1 25 | $891.4M | $3.4B | ||
| Q4 24 | $874.2M | $3.2B | ||
| Q3 24 | $945.4M | $3.1B | ||
| Q2 24 | $978.2M | $3.0B | ||
| Q1 24 | $962.0M | $2.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.2M | $143.5M |
| Free Cash FlowOCF − Capex | $15.5M | $141.8M |
| FCF MarginFCF / Revenue | 7.7% | 22.6% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.5M | $346.3M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $16.2M | $143.5M | ||
| Q3 25 | $39.8M | $72.1M | ||
| Q2 25 | $6.8M | $109.9M | ||
| Q1 25 | $15.9M | $50.5M | ||
| Q4 24 | $-14.9M | $37.4M | ||
| Q3 24 | $15.9M | $-1.4M | ||
| Q2 24 | $-1.9M | $63.6M | ||
| Q1 24 | $-15.3M | $54.6M |
| Q4 25 | $15.5M | $141.8M | ||
| Q3 25 | $38.5M | $71.6M | ||
| Q2 25 | $6.1M | $108.3M | ||
| Q1 25 | $14.3M | $24.6M | ||
| Q4 24 | $-16.3M | $35.5M | ||
| Q3 24 | $14.2M | $-2.4M | ||
| Q2 24 | $-2.9M | $63.1M | ||
| Q1 24 | $-15.8M | $51.9M |
| Q4 25 | 7.7% | 22.6% | ||
| Q3 25 | 19.6% | 12.1% | ||
| Q2 25 | 3.3% | 19.7% | ||
| Q1 25 | 7.6% | 4.5% | ||
| Q4 24 | -8.8% | 6.7% | ||
| Q3 24 | 7.9% | -0.5% | ||
| Q2 24 | -1.7% | 14.0% | ||
| Q1 24 | -9.3% | 11.3% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | 0.8% | 4.7% | ||
| Q4 24 | 0.7% | 0.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 0.3% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.19× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
MDB
| Mongo DB Atlas Related | $470.4M | 75% |
| Other Subscription | $138.7M | 22% |
| Services | $19.2M | 3% |
