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Held by 244 of 5,944 reporting institutions (93th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $10.09 today, the market must believe free cash flow compounds 19.2%/yr for a decade (off $48M normalized FCF).
The market's 19.2% is more conservative than its 1-yr track record.
2-stage DCF · 0.24B shares · net debt -$159M
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $132M buybacks = $132M returned on $87M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 8 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -97%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $200M covers all $45M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2024-10-31 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~7.7% on $41M of debt.
Cash of $200M fully covers short-term debt of $41M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Nothing notable to watch.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 18.0 | 13.9 | 12.7 | 10.3 | 10.3 | 9.9 | 10.7 | 11.0 |
| Gross Profit | 82.0 | 86.1 | 87.3 | 89.7 | 89.7 | 90.1 | 89.3 | 89.0 |
| R&D | 55.5 | 62.9 | 53.4 | 53.7 | 54.3 | 49.8 | 47.2 | 38.1 |
| SG&A | 26.4 | 32.8 | 33.6 | 31.4 | 30.4 | 21.7 | 21.0 | 24.4 |
| Operating Income | -67.8 | -83.9 | -77.3 | -70.1 | -74.5 | -41.4 | -36.8 | -25.0 |
| Income Tax | 0.0 | 0.2 | 0.7 | 0.9 | 0.9 | 0.6 | 0.7 | 0.6 |
| Net Income | -66.3 | -83.2 | -93.3 | -76.2 | -74.5 | -39.4 | -35.3 | -23.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ASAN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $790.8M 100.0% | $723.9M 100.0% | $652.5M 100.0% | $547.2M 100.0% | $378.4M 100.0% | $227.0M 100.0% | $142.6M 100.0% | $76.8M 100.0% |
| Cost of Revenue | $86.8M 11.0% | $77.2M 10.7% | $64.5M 9.9% | $56.6M 10.3% | $38.9M 10.3% | $28.7M 12.7% | $19.9M 13.9% | $13.8M 18.0% |
| Gross Profit | $704.0M 89.0% | $646.7M 89.3% | $588.0M 90.1% | $490.7M 89.7% | $339.5M 89.7% | $198.3M 87.3% | $122.7M 86.1% | $62.9M 82.0% |
| Research & Development | $301.5M 38.1% | $341.5M 47.2% | $324.7M 49.8% | $297.2M 54.3% | $203.1M 53.7% | $121.1M 53.4% | $89.7M 62.9% | $42.6M 55.5% |
| Selling, General & Admin | $192.9M 24.4% | $152.0M 21.0% | $141.3M 21.7% | $166.3M 30.4% | $118.7M 31.4% | $76.2M 33.6% | $46.8M 32.8% | $20.3M 26.4% |
| Total Operating Expenses | $901.4M 114.0% | $913.4M 126.2% | $858.0M 131.5% | $898.5M 164.2% | $604.7M 159.8% | $373.8M 164.7% | $242.4M 169.9% | $115.0M 149.7% |
| Operating Income | -$197.3M -25.0% | -$266.7M -36.8% | -$270.0M -41.4% | -$407.8M -74.5% | -$265.2M -70.1% | -$175.6M -77.3% | -$119.6M -83.9% | -$52.0M -67.8% |
| Interest Expense | $3.1M 0.4% | $3.7M 0.5% | $4.0M 0.6% | $2.0M 0.4% | $18.4M 4.9% | $36.2M 15.9% | $78K 0.1% | $0 0.0% |
| Other Income (Expense), net | $16.3M 2.1% | $19.6M 2.7% | $20.6M 3.2% | $6.9M 1.3% | -$1.5M -0.4% | $1.6M 0.7% | $1.4M 1.0% | — |
| Pretax Income | -$184.2M -23.3% | -$250.8M -34.6% | -$253.3M -38.8% | -$402.9M -73.6% | -$285.1M -75.3% | -$210.2M -92.6% | -$118.3M -83.0% | -$50.9M -66.3% |
| Income Tax Expense | $4.9M 0.6% | $4.8M 0.7% | $3.7M 0.6% | $4.9M 0.9% | $3.2M 0.9% | $1.5M 0.7% | $245K 0.2% | $28K 0.0% |
| Net Income | -$189.0M -23.9% | -$255.5M -35.3% | -$257.0M -39.4% | -$407.8M -74.5% | -$288.3M -76.2% | -$211.7M -93.3% | -$118.6M -83.2% | -$50.9M -66.3% |
| Per Share | ||||||||
| EPS (Basic) | $-0.80 | $-1.11 | $-1.17 | $-2.04 | $-1.63 | $-1.99 | $-1.69 | — |
| EPS (Diluted) | $-0.80 | $-1.11 | $-1.17 | $-2.04 | $-1.63 | $-1.99 | $-1.69 | — |
| Weighted Avg Shares (Basic) | 236.8M | 229.5M | 220.4M | 200.0M | 176.4M | 106.3M | 70.3M | — |
| Weighted Avg Shares (Diluted) | 236.8M | 229.5M | 220.4M | 200.0M | 176.4M | 106.3M | 70.3M | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| ASAN | $2.4B | — | — | 3.0× | 9.2% | 89.0% | -23.9% | -123% | -97.0% | -0.2× | 244 |
Peers = companies sharing ASAN's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.