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Asure Software, Inc. engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build a productive workforce to help them stay compliant and allocate resources to grow their business. The company offers a comprehensive suite of HCM tools through its Asure HCM platform, which includes payroll and tax filing, HR management tools, time and attendance software, recruiting, and benefits administration. It provides technology-enabled services such as AsureMarketplace, facilitating automated data exchange with third-party providers; HR compliance services; AsurePay, a payroll card solution; and insurance brokerage services for benefits management. The company also offers payroll processing and compliance; offers payroll calculation and processing services, including wage and overtime calculations, garnishments, direct deposit processing, and related payroll administration; HR compliance and workforce management; time and attendance solutions; applicant tracking and recruiting tools; insurance brokerage and benefits administration, retirement plan administration; tax management solutions; payroll tax processing platforms; outsourced payroll tax services; and treasury and funds management services. The company delivers its products directly and through a national network of reseller partners and referral partners. Asure Software, Inc. was formerly known as Forgent Networks Inc. and changed its name to Asure Software, Inc. in September 2007. Asure Software, Inc. was incorporated in 1985 and is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $141M | $21M | $-13M | $-8M | -6.6% | 17.3% | 11.5% |
| 2024 | $120M | $14M | $-12M | $-7M | -6.0% | 0.6% | 27.8% |
| 2023 | $119M | $17M | $-9M | $3M | -4.8% | 24.3% | -36.3% |
| 2022 | $96M | $10M | $-14M | $5M | -10.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 95.83 | 119.08 | 119.79 | 140.54 |
| Operating Revenue | - | 95.83 | 119.08 | 119.79 | 140.54 |
| Cost Of Revenue | - | 33.32 | 33.54 | 37.68 | 45.67 |
| Gross Profit | - | 62.51 | 85.54 | 82.11 | 94.87 |
| Operating Expense | - | 73.82 | 88.54 | 92.84 | 103.28 |
| Research And Development | - | 6.15 | 6.85 | 7.81 | 5.60 |
| Selling General And Administration | - | 54.18 | 68.07 | 68.82 | 79.40 |
| Total Expenses | - | 107.14 | 122.08 | 130.53 | 148.95 |
| Operating Income | - | -11.31 | -3 | -10.74 | -8.41 |
| Total Operating Income As Reported | - | -11.31 | -3 | -10.74 | -8.41 |
| EBITDA | - | 10.49 | 17.15 | 13.71 | 20.58 |
| Normalized EBITDA | - | 10.49 | 18.67 | 13.71 | 20.58 |
| EBIT | - | -9.92 | -3.47 | -9.82 | -7.42 |
| Interest Income | - | - | 1.34 | 0.91 | 0.87 |
| Interest Expense | - | 4.44 | 5.64 | 1.02 | 5.06 |
| Net Interest Income | - | -4.44 | -4.30 | -0.11 | -4.19 |
| Other Non Operating Income Expenses | - | 1.39 | -0.29 | 0.01 | 0.12 |
| Other Income Expense | - | 1.39 | -1.81 | 0.01 | 0.12 |
| Interest Income Non Operating | - | - | 1.34 | 0.91 | 0.87 |
| Interest Expense Non Operating | - | 4.44 | 5.64 | 1.02 | 5.06 |
| Net Non Operating Interest Income Expense | - | -4.44 | -4.30 | -0.11 | -4.19 |
| Pretax Income | - | -14.35 | -9.10 | -10.84 | -12.47 |
| Tax Provision | - | 0.11 | 0.11 | 0.93 | 0.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.32 | 0 | 0 |
| Net Income Continuous Operations | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income From Continuing And Discontinued Operation | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income From Continuing Operation Net Minority Interest | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income Common Stockholders | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income Including Noncontrolling Interests | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Normalized Income | - | -14.47 | -8.02 | -11.77 | -13.13 |
| Diluted NI Availto Com Stockholders | - | -14.47 | -9.21 | -11.77 | -13.13 |
| Basic Average Shares | - | 20.12 | 22.14 | 26.05 | 27.43 |
| Diluted Average Shares | - | 20.12 | 22.14 | 26.05 | 27.43 |
| Reconciled Depreciation | - | 20.41 | 20.62 | 23.53 | 28 |
| Reconciled Cost Of Revenue | - | 26.39 | 26.55 | 30.38 | 35.95 |
| Total Unusual Items | 18.84 | 0 | -1.52 | 0 | - |
| Total Unusual Items Excluding Goodwill | 18.84 | 0 | -1.52 | 0 | - |
| Special Income Charges | 18.84 | 0 | -1.52 | 0 | - |
| Other Special Charges | -18.84 | - | 1.52 | - | - |
| Depreciation Amortization Depletion Income Statement | - | 13.49 | 13.62 | 16.22 | 18.28 |
| Depreciation And Amortization In Income Statement | - | 13.49 | 13.62 | 16.22 | 18.28 |
| General And Administrative Expense | - | 33.92 | 39.33 | 40.50 | 45.83 |
| Other Gand A | - | 33.92 | 39.33 | 40.50 | 45.83 |
| Selling And Marketing Expense | - | 20.26 | 28.73 | 28.32 | 33.57 |
| Amortization | - | 13.49 | 13.62 | 16.22 | 18.28 |
| Amortization Of Intangibles Income Statement | - | 13.49 | 13.62 | 16.22 | 18.28 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Asure Software, Inc.this co. | ASUR | $261M | -19.88 | 1.32 | -6.6% | 15.09 |
| The Hackett Group, Inc. | HCKT | $279M | 21.54 | 4.09 | 19.0% | 11.80 |
| Conduent Incorporated | CNDT | $259M | -1.52 | 0.38 | -24.8% | 10.57 |
| Blaize Holdings, Inc. | BZAI | $258M | -1.24 | 6.60 | -530.5% | -2.37 |
| CS Disco, Inc. | LAW | $251M | -5.67 |
| - |
| - |
| - |
| - |
| - |
| 1.96 |
| -34.6% |
| -5.37 |
| Richardson Electronics, Ltd. | RELL | $251M | -219.31 | 1.60 | -0.7% | 32.74 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Peer Median | - | -1.38 | 1.95 | -12.8% | 11.19 | |