Asure Software Inc Financials
This page shows Asure Software Inc (ASUR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Asure Software Inc has an operating margin of -9.0%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -2.5% the prior year.
Asure Software Inc's revenue grew a modest 0.6% year-over-year to $119.8M. This slow but positive growth earns a score of 30/100.
Asure Software Inc carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Asure Software Inc's current ratio of 1.06 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
Asure Software Inc has a free cash flow margin of 7.3%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.
Asure Software Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Asure Software Inc generates $-0.80 in operating cash flow ($9.4M OCF vs -$11.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Asure Software Inc earns $-10.5 in operating income for every $1 of interest expense (-$10.7M vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Asure Software Inc generated $119.8M in revenue in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Asure Software Inc's EBITDA was $11.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.3% from the prior year.
Asure Software Inc generated $8.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 49.8% from the prior year.
Asure Software Inc reported -$11.8M in net income in fiscal year 2024. This represents a decrease of 27.8% from the prior year.
Asure Software Inc earned $-0.45 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 7.1% from the prior year.
Asure Software Inc held $21.4M in cash against $5.7M in long-term debt as of fiscal year 2024.
Asure Software Inc had 27M shares outstanding in fiscal year 2024. This represents an increase of 6.7% from the prior year.
Asure Software Inc's gross margin was 68.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.3 percentage points from the prior year.
Asure Software Inc's operating margin was -9.0% in fiscal year 2024, reflecting core business profitability. This is down 6.4 percentage points from the prior year.
Asure Software Inc's net profit margin was -9.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.1 percentage points from the prior year.
Asure Software Inc invested $7.8M in research and development in fiscal year 2024. This represents an increase of 14.0% from the prior year.
Asure Software Inc invested $692K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 56.3% from the prior year.
ASUR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.3M+20.3% | $30.1M-13.6% | $34.9M+13.2% | $30.8M+9.8% | $28.0M-11.4% | $31.7M+20.5% | $26.3M-10.5% | $29.3M |
| Cost of Revenue | $13.1M+28.4% | $10.2M-0.3% | $10.2M+3.9% | $9.9M+7.5% | $9.2M+1.4% | $9.0M+7.4% | $8.4M+4.6% | $8.1M |
| Gross Profit | $23.1M+16.2% | $19.9M-19.1% | $24.6M+17.6% | $20.9M+10.9% | $18.9M-16.5% | $22.6M+26.7% | $17.8M-16.2% | $21.3M |
| R&D Expenses | $1.2M-7.8% | $1.3M-37.3% | $2.0M-3.5% | $2.1M+7.2% | $2.0M+10.9% | $1.8M+1.7% | $1.7M-3.5% | $1.8M |
| SG&A Expenses | $11.7M+6.3% | $11.0M-7.8% | $11.9M+19.7% | $9.9M-1.8% | $10.1M+0.5% | $10.1M+3.2% | $9.7M+4.9% | $9.3M |
| Operating Income | -$3.5M+24.8% | -$4.7M-130.9% | -$2.0M+19.1% | -$2.5M+40.4% | -$4.2M-848.3% | -$441K+88.3% | -$3.8M-1587.4% | $253K |
| Interest Expense | $2.0M+143.0% | $809K+79.4% | $451K+24.6% | $362K+74.0% | $208K+15.6% | $180K-40.8% | $304K-75.1% | $1.2M |
| Income Tax | $367K-56.5% | $843K+189.7% | $291K-41.7% | $499K+116.0% | $231K+600.0% | $33K+120.9% | -$158K-28.5% | -$123K |
| Net Income | -$5.4M+12.4% | -$6.1M-155.3% | -$2.4M+25.2% | -$3.2M+26.5% | -$4.4M-1315.6% | -$308K+91.4% | -$3.6M-62.4% | -$2.2M |
| EPS (Diluted) | $-0.19+13.6% | $-0.22-144.4% | $-0.09+25.0% | $-0.12+29.4% | $-0.17-1600.0% | $-0.01+93.8% | $-0.16-60.0% | $-0.10 |
ASUR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $447.1M-11.6% | $505.6M+1.3% | $498.9M+14.3% | $436.6M+3.9% | $420.1M-10.5% | $469.3M+5.7% | $443.9M+12.5% | $394.5M |
| Current Assets | $193.1M-35.5% | $299.6M+2.2% | $293.1M+23.5% | $237.3M+2.1% | $232.3M-17.7% | $282.4M+5.7% | $267.2M+19.1% | $224.4M |
| Cash & Equivalents | $21.5M-67.4% | $66.0M+368.9% | $14.1M-34.3% | $21.4M+3.3% | $20.7M-10.5% | $23.2M-23.6% | $30.3M-7.5% | $32.8M |
| Inventory | $2.3M+1522.5% | $142K-35.5% | $220K+12.8% | $195K-25.9% | $263K+28.3% | $205K+32.3% | $155K+66.7% | $93K |
| Accounts Receivable | $14.6M+6.9% | $13.6M-13.8% | $15.8M-13.0% | $18.2M+11.6% | $16.3M+8.0% | $15.1M+6.1% | $14.2M-6.2% | $15.1M |
| Goodwill | $115.8M+22.2% | $94.7M0.0% | $94.7M0.0% | $94.7M+10.1% | $86.0M0.0% | $86.0M0.0% | $86.0M0.0% | $86.0M |
| Total Liabilities | $254.0M-18.4% | $311.3M+3.3% | $301.3M+25.9% | $239.3M+6.6% | $224.6M-17.3% | $271.7M+7.7% | $252.2M+24.3% | $202.8M |
| Current Liabilities | $178.3M-24.2% | $235.3M-17.2% | $284.1M+27.0% | $223.6M+7.2% | $208.7M-19.2% | $258.4M+7.1% | $241.3M+25.2% | $192.8M |
| Long-Term Debt | $64.2M-0.3% | $64.3M+942.6% | $6.2M+8.1% | $5.7M-4.6% | $6.0M+13.9% | $5.3M+22.7% | $4.3M+62.6% | $2.6M |
| Total Equity | $193.1M-0.6% | $194.3M-1.7% | $197.7M+0.2% | $197.3M+0.9% | $195.5M-1.1% | $197.7M+3.1% | $191.7M0.0% | $191.7M |
| Retained Earnings | -$321.1M-1.7% | -$315.7M-2.0% | -$309.6M-0.8% | -$307.2M-2.4% | -$300.1M-1.5% | -$295.8M-1.8% | -$290.4M-1.2% | -$286.9M |
ASUR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.8M+83.0% | $3.2M+58.1% | $2.0M-79.6% | $9.8M+339.0% | $2.2M+156.4% | -$3.9M-155.9% | $7.1M+23.1% | $5.7M |
| Capital Expenditures | $122K-39.3% | $201K+4.7% | $192K+31.5% | $146K+8.1% | $135K-43.8% | $240K+9.1% | $220K-36.2% | $345K |
| Free Cash Flow | $5.7M+91.3% | $3.0M+63.7% | $1.8M-81.3% | $9.6M+360.4% | $2.1M+150.0% | -$4.2M-161.2% | $6.8M+26.9% | $5.4M |
| Investing Cash Flow | -$60.4M-1064.3% | -$5.2M+59.0% | -$12.6M-1106.3% | -$1.0M+63.4% | -$2.9M+36.3% | -$4.5M+60.4% | -$11.3M-1147.1% | -$910K |
| Financing Cash Flow | -$66.1M-820.6% | $9.2M-85.7% | $63.9M+1404.5% | $4.2M+108.7% | -$49.0M-332.6% | $21.1M-53.8% | $45.6M+886.6% | -$5.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASUR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.8%-2.3pp | 66.1%-4.5pp | 70.6%+2.6pp | 68.0%+0.7pp | 67.3%-4.1pp | 71.4%+3.5pp | 67.9%-4.6pp | 72.5% |
| Operating Margin | -9.7%+5.8pp | -15.4%-9.7pp | -5.8%+2.3pp | -8.1%+6.8pp | -14.9%-13.5pp | -1.4%+12.9pp | -14.3%-15.2pp | 0.9% |
| Net Margin | -14.8%+5.5pp | -20.3%-13.5pp | -6.9%+3.5pp | -10.4%+5.1pp | -15.6%-14.6pp | -1.0%+12.7pp | -13.6%-6.1pp | -7.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.2%0.0pp | -1.2%-0.7pp | -0.5%+0.3pp | -0.7%+0.3pp | -1.0%-1.0pp | -0.1%+0.7pp | -0.8%-0.2pp | -0.6% |
| Current Ratio | 1.08-0.2 | 1.27+0.2 | 1.03-0.0 | 1.06-0.1 | 1.11+0.0 | 1.09-0.0 | 1.11-0.1 | 1.16 |
| Debt-to-Equity | 0.330.0 | 0.33+0.3 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.020.0 | 0.01 |
| FCF Margin | 15.6%+5.8pp | 9.8%+4.6pp | 5.2%-26.1pp | 31.3%+23.8pp | 7.5%+20.7pp | -13.2%-39.3pp | 26.1%+7.7pp | 18.4% |
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Frequently Asked Questions
What is Asure Software Inc's annual revenue?
Asure Software Inc (ASUR) reported $119.8M in total revenue for fiscal year 2024. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Asure Software Inc's revenue growing?
Asure Software Inc (ASUR) revenue grew by 0.6% year-over-year, from $119.1M to $119.8M in fiscal year 2024.
Is Asure Software Inc profitable?
No, Asure Software Inc (ASUR) reported a net income of -$11.8M in fiscal year 2024, with a net profit margin of -9.8%.
What is Asure Software Inc's earnings per share (EPS)?
Asure Software Inc (ASUR) reported diluted earnings per share of $-0.45 for fiscal year 2024. This represents a -7.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Asure Software Inc's EBITDA?
Asure Software Inc (ASUR) had EBITDA of $11.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Asure Software Inc have?
As of fiscal year 2024, Asure Software Inc (ASUR) had $21.4M in cash and equivalents against $5.7M in long-term debt.
What is Asure Software Inc's gross margin?
Asure Software Inc (ASUR) had a gross margin of 68.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Asure Software Inc's operating margin?
Asure Software Inc (ASUR) had an operating margin of -9.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Asure Software Inc's net profit margin?
Asure Software Inc (ASUR) had a net profit margin of -9.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Asure Software Inc's free cash flow?
Asure Software Inc (ASUR) generated $8.7M in free cash flow during fiscal year 2024. This represents a -49.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Asure Software Inc's operating cash flow?
Asure Software Inc (ASUR) generated $9.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Asure Software Inc's total assets?
Asure Software Inc (ASUR) had $436.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Asure Software Inc's capital expenditures?
Asure Software Inc (ASUR) invested $692K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Asure Software Inc spend on research and development?
Asure Software Inc (ASUR) invested $7.8M in research and development during fiscal year 2024.
How many shares does Asure Software Inc have outstanding?
Asure Software Inc (ASUR) had 27M shares outstanding as of fiscal year 2024.
What is Asure Software Inc's current ratio?
Asure Software Inc (ASUR) had a current ratio of 1.06 as of fiscal year 2024, which is considered adequate.
What is Asure Software Inc's debt-to-equity ratio?
Asure Software Inc (ASUR) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Asure Software Inc's return on assets (ROA)?
Asure Software Inc (ASUR) had a return on assets of -2.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Asure Software Inc's Piotroski F-Score?
Asure Software Inc (ASUR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Asure Software Inc's earnings high quality?
Asure Software Inc (ASUR) has an earnings quality ratio of -0.80x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Asure Software Inc cover its interest payments?
Asure Software Inc (ASUR) has an interest coverage ratio of -10.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Asure Software Inc?
Asure Software Inc (ASUR) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.