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 16 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).
Cash generation outruns reported losses because this high-gross-margin, low-capex model is being reshaped by externally financed balance-sheet growth.
From FY2023 to FY2025, reported losses and cash generation pulled in opposite directions: net loss moved from-$9.2M to-$13.1M even as operating cash flow stayed positive and improved. Non-cash charges dominate the gap; free cash flow reached$21.4M while depreciation and amortization rose to$26.4M , so the income statement carries much more expense than the business is actually reinvesting.
FY2025 balance-sheet growth was externally funded: long-term debt jumped from
The pressure point sits below gross profit: FY2025 gross margin held at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Asure Software Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Asure Software Inc scores -0.19, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($223.4M) relative to total liabilities ($333.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Asure Software Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Asure Software Inc generates $-1.69 in operating cash flow ($22.2M OCF vs -$13.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Asure Software Inc earns $-1.7 in operating income for every $1 of interest expense (-$8.4M vs $5.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Asure Software Inc generated $140.5M in revenue in fiscal year 2025. This represents an increase of 17.3% from the prior year.
Asure Software Inc's EBITDA was $18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 58.1% from the prior year.
Asure Software Inc reported -$13.1M in net income in fiscal year 2025. This represents a decrease of 11.5% from the prior year.
Asure Software Inc earned $-0.48 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.7% from the prior year.
Cash & Balance Sheet
Asure Software Inc generated $21.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 146.4% from the prior year.
Asure Software Inc held $25.2M in cash against $63.3M in long-term debt as of fiscal year 2025.
Asure Software Inc had 28M shares outstanding in fiscal year 2025. This represents an increase of 5.3% from the prior year.
Margins & Returns
Asure Software Inc's gross margin was 67.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.
Asure Software Inc's operating margin was -6.0% in fiscal year 2025, reflecting core business profitability. This is up 3.0 percentage points from the prior year.
Asure Software Inc's net profit margin was -9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.
Asure Software Inc's ROE was -6.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Capital Allocation
Asure Software Inc invested $5.6M in research and development in fiscal year 2025. This represents a decrease of 28.3% from the prior year.
Asure Software Inc invested $787K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.7% from the prior year.
ASUR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.8M+8.8% | $39.3M+8.4% | $36.3M+20.3% | $30.1M-13.6% | $34.9M+13.2% | $30.8M+5.1% | $29.3M+4.5% | $28.0M |
| Cost of Revenue | $12.3M+1.6% | $12.1M-7.7% | $13.1M+28.4% | $10.2M-0.3% | $10.2M+3.9% | $9.9M+2.8% | $9.6M+4.6% | $9.2M |
| Gross Profit | $30.5M+12.0% | $27.2M+17.6% | $23.1M+16.2% | $19.9M-19.1% | $24.6M+17.6% | $20.9M+6.2% | $19.7M+4.4% | $18.9M |
| R&D Expenses | $1.7M+47.6% | $1.1M-4.3% | $1.2M-7.8% | $1.3M-37.3% | $2.0M-3.5% | $2.1M+6.6% | $2.0M+0.6% | $2.0M |
| SG&A Expenses | $12.7M+12.7% | $11.3M-3.0% | $11.7M+6.3% | $11.0M-7.8% | $11.9M+19.7% | $9.9M-4.2% | $10.4M+2.6% | $10.1M |
| Operating Income | $2.3M+32.5% | $1.8M+150.2% | -$3.5M+24.8% | -$4.7M-130.9% | -$2.0M+19.1% | -$2.5M+31.2% | -$3.6M+13.4% | -$4.2M |
| Interest Expense | $1.7M-4.5% | $1.8M-6.9% | $2.0M+143.0% | $809K+79.4% | $451K+24.6% | $362K+32.1% | $274K+31.7% | $208K |
| Income Tax | $144K+117.0% | -$849K-331.3% | $367K-56.5% | $843K+189.7% | $291K-41.7% | $499K+193.5% | $170K-26.4% | $231K |
| Net Income | $625K-17.4% | $757K+114.1% | -$5.4M+12.4% | -$6.1M-155.3% | -$2.4M+25.2% | -$3.2M+17.9% | -$3.9M+10.5% | -$4.4M |
| EPS (Diluted) | $0.02 | N/A | $-0.19+13.6% | $-0.22-144.4% | $-0.09 | N/A | $-0.15+11.8% | $-0.17 |
ASUR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $518.7M-2.4% | $531.4M+18.9% | $447.1M-11.6% | $505.6M+1.3% | $498.9M+14.3% | $436.6M+2.0% | $428.1M+1.9% | $420.1M |
| Current Assets | $259.1M-6.9% | $278.4M+44.2% | $193.1M-35.5% | $299.6M+2.2% | $293.1M+23.5% | $237.3M+4.6% | $226.9M-2.3% | $232.3M |
| Cash & Equivalents | $19.2M-23.9% | $25.2M+17.3% | $21.5M-67.4% | $66.0M+368.9% | $14.1M-34.3% | $21.4M+90.5% | $11.2M-45.8% | $20.7M |
| Inventory | $2.6M-6.3% | $2.8M+22.7% | $2.3M+1522.5% | $142K-35.5% | $220K+12.8% | $195K-16.3% | $233K-11.4% | $263K |
| Accounts Receivable | $13.5M-15.1% | $15.9M+8.9% | $14.6M+6.9% | $13.6M-13.8% | $15.8M-13.0% | $18.2M+5.3% | $17.2M+5.9% | $16.3M |
| Goodwill | $115.8M0.0% | $115.8M0.0% | $115.8M+22.2% | $94.7M0.0% | $94.7M0.0% | $94.7M0.0% | $94.7M+10.1% | $86.0M |
| Total Liabilities | $318.6M-4.5% | $333.6M+31.4% | $254.0M-18.4% | $311.3M+3.3% | $301.3M+25.9% | $239.3M+4.5% | $229.0M+1.9% | $224.6M |
| Current Liabilities | $246.3M-5.2% | $259.7M+45.7% | $178.3M-24.2% | $235.3M-17.2% | $284.1M+27.0% | $223.6M+5.3% | $212.5M+1.8% | $208.7M |
| Long-Term Debt | $62.3M-1.5% | $63.3M-1.4% | $64.2M-0.3% | $64.3M+942.6% | $6.2M+8.1% | $5.7M-23.9% | $7.5M+25.4% | $6.0M |
| Total Equity | $200.1M+1.2% | $197.8M+2.4% | $193.1M-0.6% | $194.3M-1.7% | $197.7M+0.2% | $197.3M-0.9% | $199.2M+1.9% | $195.5M |
| Retained Earnings | -$319.7M+0.2% | -$320.4M+0.2% | -$321.1M-1.7% | -$315.7M-2.0% | -$309.6M-0.8% | -$307.2M-1.1% | -$304.0M-1.3% | -$300.1M |
ASUR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.7M-76.0% | $11.3M+95.6% | $5.8M+83.0% | $3.2M+58.1% | $2.0M-79.6% | $9.8M+638.3% | $1.3M-40.5% | $2.2M |
| Capital Expenditures | $218K-19.9% | $272K+123.0% | $122K-39.3% | $201K+4.7% | $192K+31.5% | $146K-14.6% | $171K+26.7% | $135K |
| Free Cash Flow | $2.5M-77.4% | $11.0M+95.0% | $5.7M+91.3% | $3.0M+63.7% | $1.8M-81.3% | $9.6M+735.0% | $1.2M-44.9% | $2.1M |
| Investing Cash Flow | -$5.4M+36.8% | -$8.5M+85.9% | -$60.4M-1064.3% | -$5.2M+59.0% | -$12.6M-1106.3% | -$1.0M+90.4% | -$10.8M-278.8% | -$2.9M |
| Financing Cash Flow | -$11.5M-115.1% | $76.4M+215.7% | -$66.1M-820.6% | $9.2M-85.7% | $63.9M+1404.5% | $4.2M+158.5% | $1.6M+103.4% | -$49.0M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.3%+2.0pp | 69.2%+5.4pp | 63.8%-2.3pp | 66.1%-4.5pp | 70.6%+2.6pp | 68.0%+0.7pp | 67.2%-0.0pp | 67.3% |
| Operating Margin | 5.5%+1.0pp | 4.5%+14.1pp | -9.7%+5.8pp | -15.4%-9.7pp | -5.8%+2.3pp | -8.1%+4.3pp | -12.4%+2.6pp | -14.9% |
| Net Margin | 1.5%-0.5pp | 1.9%+16.7pp | -14.8%+5.5pp | -20.3%-13.5pp | -6.9%+3.5pp | -10.4%+2.9pp | -13.3%+2.2pp | -15.6% |
| Return on Equity | 0.3%-0.1pp | 0.4%+3.2pp | -2.8%+0.4pp | -3.1%-1.9pp | -1.2%+0.4pp | -1.6%+0.3pp | -2.0%+0.3pp | -2.2% |
| Return on Assets | 0.1%-0.0pp | 0.1%+1.3pp | -1.2%0.0pp | -1.2%-0.7pp | -0.5%+0.3pp | -0.7%+0.2pp | -0.9%+0.1pp | -1.0% |
| Current Ratio | 1.05-0.0 | 1.07-0.0 | 1.08-0.2 | 1.27+0.2 | 1.03-0.0 | 1.060.0 | 1.07-0.0 | 1.11 |
| Debt-to-Equity | 0.310.0 | 0.32-0.0 | 0.330.0 | 0.33+0.3 | 0.030.0 | 0.030.0 | 0.040.0 | 0.03 |
| FCF Margin | 5.8%-22.2pp | 28.0%+12.4pp | 15.6%+5.8pp | 9.8%+4.6pp | 5.2%-26.1pp | 31.3%+27.4pp | 3.9%-3.5pp | 7.5% |
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Frequently Asked Questions
What is Asure Software Inc's annual revenue?
Asure Software Inc (ASUR) reported $140.5M in total revenue for fiscal year 2025. This represents a 17.3% 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 17.3% year-over-year, from $119.8M to $140.5M in fiscal year 2025.
Is Asure Software Inc profitable?
No, Asure Software Inc (ASUR) reported a net income of -$13.1M in fiscal year 2025, with a net profit margin of -9.3%.
What is Asure Software Inc's EBITDA?
Asure Software Inc (ASUR) had EBITDA of $18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Asure Software Inc have?
As of fiscal year 2025, Asure Software Inc (ASUR) had $25.2M in cash and equivalents against $63.3M in long-term debt.
What is Asure Software Inc's gross margin?
Asure Software Inc (ASUR) had a gross margin of 67.5% in fiscal year 2025, 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 -6.0% in fiscal year 2025, 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 -9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Asure Software Inc's return on equity (ROE)?
Asure Software Inc (ASUR) has a return on equity of -6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Asure Software Inc's free cash flow?
Asure Software Inc (ASUR) generated $21.4M in free cash flow during fiscal year 2025. This represents a 146.4% 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 $22.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Asure Software Inc's total assets?
Asure Software Inc (ASUR) had $531.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Asure Software Inc's capital expenditures?
Asure Software Inc (ASUR) invested $787K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Asure Software Inc spend on research and development?
Asure Software Inc (ASUR) invested $5.6M in research and development during fiscal year 2025.
What is Asure Software Inc's current ratio?
Asure Software Inc (ASUR) had a current ratio of 1.07 as of fiscal year 2025, 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 0.32 as of fiscal year 2025, 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 -2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Asure Software Inc's Altman Z-Score?
Asure Software Inc (ASUR) has an Altman Z-Score of -0.19, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Asure Software Inc's Piotroski F-Score?
Asure Software Inc (ASUR) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 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 -1.69x, 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 -1.7x, 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 40 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.