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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% | - |
| 2024 | $120M | $14M | $-12M | $-7M | -6.0% | 0.6% | - |
| 2023 | $119M | $17M | $-9M | $3M | -4.8% | 24.3% | - |
| 2022 | $96M | $10M | $-14M | $5M | -10.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 95.83 | 119.08 | 119.79 | 140.54 |
| Cost Of Revenue | 33.32 | 33.55 | 37.69 | 45.67 |
| Gross Profit | 62.51 | 85.54 | 82.11 | 94.87 |
| Operating Expense | 73.82 | 88.54 | 92.84 | 103.28 |
| Operating Income | -11.31 | -3 | -10.74 | -8.41 |
| EBITDA | 10.49 | 17.15 | 13.71 | 20.58 |
| EBIT | -9.92 | -3.47 | -9.82 | -7.42 |
| Pretax Income | -14.35 | -9.11 | -10.84 | -12.47 |
| Tax Provision | 0.11 | 0.11 | 0.93 | 0.65 |
| Net Income | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income Common Stockholders | -14.47 | -9.21 | -11.77 | -13.13 |
| Total Expenses | 107.14 | 122.08 | 130.53 | 148.95 |
| Interest Expense | 4.44 | 5.64 | 1.02 | 5.06 |
| Interest Income | 0 | 1.34 | 0.91 | 0.87 |
| Research And Development | 6.15 | 6.85 | 7.81 | 5.60 |
| Selling General And Administration | 54.18 | 68.07 | 68.81 | 79.40 |
| Normalized EBITDA | 10.49 | 18.67 | 13.71 | 20.58 |
| Normalized Income | -14.47 | -8.02 | -11.77 | -13.13 |
| Basic EPS | -0.72 | -0.42 | -0.45 | 0 |
| Diluted EPS | -0.72 | -0.42 | -0.45 | 0 |
| Tax Effect Of Unusual Items | 0 | -0.32 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | -1.52 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | -1.52 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -14.47 | -9.21 | -11.77 | -13.13 |
| Reconciled Depreciation | 20.41 | 20.62 | 23.53 | 28 |
| Reconciled Cost Of Revenue | 26.39 | 26.55 | 30.38 | 35.95 |
| Net Interest Income | -4.44 | -4.30 | -0.11 | -4.19 |
| Net Income From Continuing And Discontinued Operation | -14.47 | -9.21 | -11.77 | -13.13 |
| Total Operating Income As Reported | -11.31 | -3 | -10.74 | -8.41 |
| Diluted Average Shares | 20.12 | 22.14 | 26.05 | 0 |
| Basic Average Shares | 20.12 | 22.14 | 26.05 | 0 |
| Diluted NI Availto Com Stockholders | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income Including Noncontrolling Interests | -14.47 | -9.21 | -11.77 | -13.13 |
| Net Income Continuous Operations | -14.47 | -9.21 | -11.77 | -13.13 |
| Other Income Expense | 1.39 | -1.81 | 0.01 | 0.12 |
| Other Non Operating Income Expenses | 1.39 | -0.29 | 0.01 | 0.12 |
| Special Income Charges | 0 | -1.52 | 0 | 0 |
| Other Special Charges | 0 | 1.52 | 0 | 0 |
| Net Non Operating Interest Income Expense | -4.44 | -4.30 | -0.11 | -4.19 |
| Interest Expense Non Operating | 4.44 | 5.64 | 1.02 | 5.06 |
| Interest Income Non Operating | 0 | 1.34 | 0.91 | 0.87 |
| 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 |
| Amortization | 13.49 | 13.62 | 16.22 | 18.28 |
| Amortization Of Intangibles Income Statement | 13.49 | 13.62 | 16.22 | 18.28 |
| Selling And Marketing Expense | 20.26 | 28.73 | 28.32 | 33.57 |
| General And Administrative Expense | 33.92 | 39.33 | 40.50 | 45.83 |
| Other Gand A | 33.92 | 39.33 | 40.50 | 45.83 |
| Operating Revenue | 95.83 | 119.08 | 119.79 | 140.54 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Asure Software, Inc.this co. | ASUR | $264M | - | 1.31 | -6.6% | 17.27 |
| CS Disco, Inc. | LAW | $285M | - | 2.22 | -34.6% | -4.74 |
| Atomera Incorporated | ATOM | $281M | - | 12.76 | -109.8% | -13.04 |
| Palladyne AI Corp. | PDYN | $274M | 24.21 | 3.59 | 13.4% | -7.50 |
| Methode Electronics, Inc. | MEI | $271M | - |
| 0.40 |
| -9.0% |
| 12.89 |
| Conduent Incorporated | CNDT | $265M | - | 0.39 | -24.8% | 18.79 |
| 8x8, Inc. | EGHT | $254M | - | 1.77 | -22.3% | 14.50 |
| Backblaze, Inc. | BLZE | $251M | - | 2.95 | -30.8% | -48.22 |
| Bakkt, Inc. | BKKT | $240M | - | 1.78 | -95.1% | -1.84 |
| Peer Median | - | 24.21 | 2.00 | -27.8% | -3.29 | |