10-K · February 26, 2026
Asure presents an HCM SaaS platform serving more than 100,000 clients (approximately 35% direct) and a partner-driven growth strategy focused on Reseller and Referral partners. Financials show a clear inflection in…
Earnings analysis · 10-Q
ASUR earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Asure Software, Inc. reported revenue of $42.76 million for Q1 2026, a 23% increase from Q1 2025, alongside a positive turnaround in net income, recording earnings of $0.02 per share. Despite a decline in cash from…
Read full summary
Asure Software, Inc. reported revenue of $42.76 million for Q1 2026, a 23% increase from Q1 2025, alongside a positive turnaround in net income, recording earnings of $0.02 per share. Despite a decline in cash from $25.24 million to $19.22 million and a significant increase in interest expense, management remains optimistic about ongoing client growth and product development, with continued investment in acquisitions.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.02
What stood out
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Revenue Growth
Total revenue rose to $42.76M, up 23% from $34.85M in Q1 2025.
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Positive EPS
Diluted EPS improved to $0.02, a recovery from a loss of $0.09 in Q1 2025.
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Gross Profit Increase
Gross profit increased by 24% to $30.47M, maintaining a steady gross margin at 71%.
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Recurring Revenue Increases
Recurring revenue grew 14% to $37.76M, reflecting higher payroll services.
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Professional Services Revenue Spike
Professional services revenue surged by 200%, reaching $5M due to hardware sales.
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Improved Operating Income
Operating income reached 2% of revenue compared to (6)% in Q1 2025.
What to watch
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Increased Interest Expense
Interest expense rose to $1.75M, up from $0.45M in the same quarter last year.
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Decreased Working Capital
Working capital decreased by $5.83M to $12.82M, limiting operational flexibility.
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Heightened Cash Usage
Cash and cash equivalents fell to $19.22M from $25.24M, signaling liquidity concerns.
Management's outlook
Management highlights expectations for continued revenue growth as new applications are introduced, but no specific numeric guidance provided.
Earlier filings 4
10-Q · May 1, 2025
Asure reported Q1 2025 revenue of $34,854,000, up $3,202,000 (10.1%) versus Q1 2024, driven largely by recurring revenue of $33,187,000. Despite top-line growth and positive operating cash flow of $1,996,000, operating…
10-K · March 6, 2025
Asure is a cloud-based SaaS HCM provider selling directly and via Reseller Partners, serving more than 100,000 clients (approximately 20% direct). The company generated roughly $120.1M of revenue in FY2024 (sum of…
10-Q · October 31, 2024
Asure reported Q3 revenue of $29.304M (three months ended September 30, 2024) largely flat versus prior-year quarter, driven by recurring revenue of $28.626M (up $4.793M YoY). Despite revenue stability, the company…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.