Asure Software, Inc. filings document formal disclosures for a Nasdaq-listed cloud HCM software company. Recent 8-K reports furnish quarterly and annual operating results, including revenue, recurring revenue, profitability measures, adjusted EBITDA and non-GAAP gross profit, while also describing business highlights tied to Asure's HR, payroll, time and attendance, benefits administration, payroll tax management and talent management solutions.
The company's proxy materials cover governance matters, executive compensation, equity awards and pay-versus-performance disclosures. Material-event filings also document corporate agreements affecting Asure's capital and operating structure, including a completed acquisition of Lathem Time 2025, LLC, credit agreement amendments, guarantor arrangements, common stock and Series A preferred stock disclosures.
Asure Software reported strong growth for the fourth quarter and full year 2025. Fourth quarter revenue reached $39.3 million, up 28% year over year, with recurring revenue of $33.7 million. The company generated fourth quarter net income of $0.8 million, reversing a net loss of $3.2 million a year earlier, and produced EBITDA of $8.7 million and adjusted EBITDA of $11.4 million.
For full year 2025, revenue rose 17% to $140.5 million, while recurring revenue increased to $127.3 million. The company recorded a net loss of $13.1 million, slightly wider than the prior year, but improved EBITDA to $18.2 million and adjusted EBITDA to $32.0 million. Non‑GAAP gross profit was $103.0 million with a 73% margin.
Management highlighted broad-based demand, stronger attach rates across products, and rapid adoption of the Asure Central™ client portal. For 2026, Asure issued guidance targeting first quarter revenue of $41.0–$43.0 million and full year revenue of $159.0–$162.0 million, with adjusted EBITDA of $10.0–$11.0 million for the first quarter and an adjusted EBITDA margin of 23%–25% for the full year.
Asure Software, Inc. files its annual report describing its cloud-based Human Capital Management SaaS business serving over 100,000 U.S. clients through direct, reseller, and referral channels. It highlights recurring, transaction-based, and implementation fee revenue streams across payroll, tax, HR, time and attendance, benefits, and treasury services.
Asure reports a 2025 net loss from continuing operations of $13.1 million, with an accumulated deficit of $320.4 million and stockholders’ equity of $197.8 million. As of June 30 2025, voting stock held by non‑affiliates had an aggregate market value of $250,308,366, and 28,373,354 common shares were outstanding as of February 25 2026.
The company outlines extensive risk factors, including cybersecurity threats, data privacy and money‑transmitter regulation, debt covenants, acquisition integration, AI adoption impacts, reliance on third‑party infrastructure and banks, and the possibility of goodwill and intangible asset impairment, which represented about 38% of total assets at December 31 2025.
Asure Software Inc. director Bradford S. Oberwager reported an option exercise and related share transactions. On February 3, 2026, he exercised stock options for 1,932 shares of Asure Software common stock at $7.86 per share from a grant originally dated May 13, 2021.
To cover the exercise price, 1,601 shares of common stock were used at a reported price of $9.49 per share. After these transactions, he directly owned 45,420 shares of Asure Software common stock.
Asure Software Inc. received an amended Schedule 13G showing updated ownership by Calm Waters Partnership and investor Richard S. Strong as of 12/31/2025. Calm Waters Partnership reports beneficial ownership of 2,030,369 shares of Asure Software common stock, representing 7.3% of the outstanding class, with shared voting and dispositive power over all of these shares.
Richard S. Strong reports beneficial ownership of 2,340,000 shares, equal to 8.4% of the class, including 309,631 shares over which he has sole voting and dispositive power and additional shares held with shared power. The reporting persons certify that the securities were acquired and are held on a passive basis, not for the purpose of changing or influencing control of Asure Software.
Asure Software (ASUR) CFO John Pence reported insider transactions. On 11/10/2025, he exercised 75,000 stock options at $6.95 per share (code M) and disposed of 68,255 shares at $8.16 (code F) to satisfy the exercise price and taxes, per the footnote. Following these transactions, he beneficially owned 218,672 shares directly. The options were granted on November 10, 2020 and fully vested by the third anniversary.
Asure Software reported higher revenue but wider losses. Q3 revenue rose to $36,252 from $29,304, driven by recurring revenue of $31,841 and a sharp increase in professional services, hardware and other revenue to $4,411. Gross margin was 64% as hardware mix increased.
The company posted a Q3 net loss of $5,362 versus $3,901 a year ago as operating costs and interest expense ($1,966) rose. For the nine months, revenue reached $101,230 with a net loss of $13,883.
Asure closed the Lathem acquisition on July 1 for $39,497 ($37,500 cash plus a note), adding $4,631 in revenue and $708 in net income through September 30. The company also completed customer relationship asset acquisitions totaling $19,363 year-to-date.
Liquidity and balance sheet shifted with a new MidCap loan of $60,000 at 9.66%, lifting gross notes payable to $74,475. Cash and cash equivalents were $21,520 and funds held for clients were $148,338 at quarter-end. Shares outstanding were 27,727 at September 30; as of October 29, there were 27,763,877 shares.
Asure Software, Inc. (ASUR) announced third-quarter 2025 results and furnished the details via a press release as Exhibit 99.1. The report covers the quarter ended September 30, 2025, and was disclosed under Item 2.02. The company noted that the information in this item, including the exhibit, is furnished and not deemed “filed” under Section 18 of the Exchange Act, unless specifically incorporated by reference. The filing also lists the cover page interactive data file as Exhibit 104.
Asure Software Chief Revenue Officer Eyal Goldstein reported two tax-withholding dispositions on October 1, 2025, delivering 1,476 and 1,804 shares of common stock at $8.03 per share to cover tax liabilities from vesting restricted stock units granted in 2023 and 2024. After these withholdings, he directly holds 330,114 shares.
Asure Software, Inc. received a Schedule 13G disclosing beneficial ownership by Calm Waters Partnership and Richard S. Strong. Calm Waters Partnership reports shared voting and dispositive power over 1,113,659 shares, representing 4.1% of the outstanding common stock. Richard S. Strong reports aggregate beneficial ownership of 1,423,290 shares, representing 5.2% of the class, including 309,631 shares of sole voting and dispositive power and shared voting/dispositive power over 1,113,659 shares.
The filing states the holdings are not intended to change or influence control of the issuer and includes a joint filing agreement. Contact information for the reporting persons is provided through counsel at Godfrey & Kahn, S.C.
Asure Software, Inc. filed a Form D reporting a Regulation D equity offering under Rule 506(b). The issuer set a total offering size of $2,837,000 and has sold $2,305,750, leaving $531,250 remaining. The filing notes securities may be issued in connection with acquisitions. The offering began with a first sale on 2025-08-01 and is a new notice. The issuer reports no sales commissions or finders fees and no payments to executive officers, directors, or promoters from offering proceeds. The issuer lists 4 investors to date and indicates a minimum outside investment of $0.