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Asure Software, Inc.

ASUR Technology Software Application

Asure Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $140.5 million, up 17.3% from fiscal 2024.

Revenue
+10.4%
EPS
+89.0%
Free cash flow
+125.5%
Total debt
−7.48%

Quarter to September 2026, against a year earlier

9.65 0.05 +0.52%
Market cap
$289.6M
P/E
0.0×
Fwd P/E
−54.0×
Dividend yield
—
F-score
4/9
Altman Z
−0.12
Beneish M
−2.89
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.31
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — 1 — — —
Insider Ownership 12.74%

Capital & Financial Ratios $m

Size
Market Cap 289.63
Revenue ttm 159.20
Net income ttm (3.66)
Free cash flow ttm 3.79
Net debt Q 42.58
Valuation
P/E 0.00
Forward P/E (54.00) (negative: loss-making)
Price / sales 1.76
Forward P/S Powerpack
Price / FCF 74.04
Price / book 1.42
Financial health
Current ratio Q 1.05
Debt / equity Q 0.30 (at or below 0.5: strong)
Interest coverage Q 0.29
Growth
Revenue growth Q +10.40% (above 0%: growing)
Operating income growth Q +114.72% (above 0%: growing)
EPS, this year +27.38% (at or above 15%: strong)
EPS, next year A +28.43% (at or above 15%: strong)
Revenue, next year A +15.91% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +35.77% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 2.1×; over the ten years it ranged from 1.2× in 2023 to 4.8× in 2018.
P/S against its own 10 years 43.62%
10-year low 10-year high
P/B against its own 10 years 64.22%
10-year low 10-year high
EV/Sales against its own 10 years 42.67%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 30 21 25 17
Receivables 14 18 16 13
Inventory 0 0 3 3
Other 219 193 228 195
267 237 278 237
2023 2024 2025 Q'26
Payables 3 1 2 2
ST’ Debt — — — —
Other 220 194 228 197
241 224 260 226

Compound Annual Growth %

10y 5y 3y
Sales 17.98% 16.49% 13.62%
Cash Flow 20.81% 58.30% 17.56%
Earnings 0.00% 0.00% 0.00%
Book Value 48.80% 6.31% 10.89%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.19 Actual 0.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.23 0.32 Beat by 0.09
Q1 FY26 0.25 0.29 Beat by 0.04
Q2 FY26 0.12 0.08 Miss by 0.04
Q3 FY26 0.19 0.21 Beat by 0.02
Q4 FY26 0.24 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.02 (0.15) (0.02) — —
’25 (0.09) (0.22) (0.19) 0.03 (0.48)
’24 (0.01) (0.17) (0.15) (0.12) (0.45)
’23 0.02 (0.18) (0.10) (0.14) (0.42)
’22 (0.15) (0.29) (0.22) (0.05) (0.72)
’21 (0.08) 0.20 0.28 (0.22) 0.16
’20 (0.11) (0.25) (0.30) (0.36) (1.03)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 43 37 40 — —
’25 35 30 36 39 141
’24 32 28 29 31 120
’23 33 30 29 26 119
’22 24 20 22 29 96
’21 20 17 18 21 76
’20 19 14 16 16 66
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3 4 6 — —
’25 2 3 6 11 22
’24 (4) 2 1 10 9
’23 5 2 6 7 19
’22 3 5 (1) 7 14
’21 (1) (1) 1 3 1
’20 (3) 3 3 0 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) 1 2 — —
’25 (7) (1) (7) 7 (8)
’24 (7) (4) (2) 6 (7)
’23 3 (1) 3 (2) 3
’22 1 2 (4) 6 5
’21 (4) (3) (26) (24) (28)
’20 (6) 2 (5) (5) (15)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 36 54 64 73 66 76 96 119 120 141 159 +16.5% 163 185 204 +13.3%
Gross margin, % 77.16 76.82 62.09 59.21 58.15 61.22 65.23 71.83 68.54 67.51 69.21 (9.6) pt
EBT (1) (6) (19) (66) (16) 4 (14) (9) (11) (12) (4) +36.0%
EBT margin, % (2.20) (10.33) (30.42) (90.78) (24.39) 5.25 (14.98) (7.65) (9.05) (8.88) (2.74) (6.7) pt
Net income (1) (6) (8) 30 (16) 3 (14) (9) (12) (13) (4) +33.5%
Per share, $
Per share, $ Revenue 5.44 5.00 4.54 4.72 4.12 3.94 4.76 5.38 4.60 5.12 5.51 (0.7%)
Earnings (0.15) (0.53) (0.54) 1.93 (1.03) 0.17 (0.72) (0.42) (0.45) (0.48) (0.12) +13.8%
Cash flow (0.31) 0.00 (0.51) (0.27) 0.14 0.07 0.68 0.85 0.36 0.81 0.83 n/m
Capex (0.07) (0.28) (0.69) (0.56) (1.05) (1.54) (0.44) (0.73) (0.62) (1.10) (0.70) +36.5%
Free cash flow (0.37) (0.28) (1.20) (0.82) (0.91) (1.47) 0.24 0.12 (0.26) (0.29) 0.13 (2.8%)
Book value 2.79 5.86 7.32 8.87 9.15 8.19 7.21 8.66 7.57 7.21 6.83 +11.1%
Shares, m 7 11 14 16 16 19 20 22 26 27 28 +17.3%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 4.24 0.00 43.50 0.00 0.00 0.00 0.00 0.00 4.8
P/S 1.65 2.99 1.12 1.73 1.72 1.99 1.99 1.68 2.05 1.84 1.76 1.9
P/B 3.22 2.55 0.69 0.92 0.78 0.96 1.32 1.04 1.24 1.31 1.42 1.4
EV/Sales 1.99 3.71 2.55 1.67 1.47 2.25 2.14 1.46 1.92 2.11 2.03 2.1
EV/FCF (28.84) (65.32) (9.65) (9.56) (6.64) (3.04) 49.35 72.93 (33.51) (37.20) 85.27 (7.1)
Cash, $m
Cash, $m Operating cash flow (2) 0 (7) (4) 2 1 14 19 9 22 24 n/m
Capex 0 (3) (10) (9) (17) (30) (9) (16) (16) (30) (20) +60.1%
Free cash flow (2) (3) (17) (13) (15) (28) 5 3 (7) (8) 4 +14.0%
Balance, $m
Balance, $m Working capital 4 17 11 18 8 17 8 26 14 19 11 +18.0%
Net debt 12 39 91 (5) (16) 20 14 (26) (16) 38 43 +13.9%
Shareholders’ equity 18 64 103 138 146 158 145 192 197 198 197 +30.3%
Returns, %
Returns, % ROA (1.62) (3.96) (2.67) 8.81 (3.91) 0.67 (3.39) (2.13) (2.67) (2.71) (0.78) (1.1) pt
ROIC 2.55 (0.61) (3.47) (23.70) (7.20) (4.55) (4.45) (1.13) (3.70) (2.23) 0.57 (4.8) pt
ROE (8.85) (13.95) (9.08) 24.99 (11.52) 2.10 (9.54) (5.47) (6.05) (6.64) (1.88) +2.2 pt
People
People Employees 179 324 564 423 482 517 501 581 635 641 — +15.2%
Revenue/emp, $m 0.20 0.17 0.11 0.17 0.14 0.15 0.19 0.20 0.19 0.22 — +1.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Asure Software, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLTS Platinum Analytics Cayman Limited $316.1M — — — — — — — Compare
API Agora, Inc. Sponsored ADR $315.0M 46.2× 29.5× +17.98% (above 0%: growing) +89.87% (above 0%: growing) −94.80% (below 0%: shrinking) 63.67% (2.36%) Compare
SMRT SmartRent, Inc. $308.5M — (loss-making) — (loss-making) +14.82% (above 0%: growing) n/m +115.01% (above 0%: growing) 41.16% (11.57%) Compare
CMRC Commerce.com, Inc. $300.0M — (loss-making) — (loss-making) −2.07% (below 0%: shrinking) n/m −24.39% (below 0%: shrinking) 74.06% (2.14%) Compare
ASUR Asure Software, Inc. $289.6M — (loss-making) — (loss-making) +10.40% (above 0%: growing) n/m +125.46% (above 0%: growing) 69.57% 1.29%
XPER Xperi Inc. $278.5M — (loss-making) — (loss-making) +2.08% (above 0%: growing) n/m +112.43% (above 0%: growing) 68.85% 1.55% Compare
HKD AMTD Digital Inc. Sponsored ADR $273.9M — — — — +39.75% (above 0%: growing) 0.00% 0.00% Compare
BLND Blend Labs, Inc. $269.6M — (loss-making) — (loss-making) +6.98% (above 0%: growing) n/m +170.31% (above 0%: growing) 73.54% (4.66%) Compare
ENRD Einride AB - Sponsored ADR $261.1M 6.4× — — −17.66% (below 0%: shrinking) −28.82% (below 0%: shrinking) — 0.00% Compare
Median of peers $289.2M — — +6.98% — +39.75% 66.26% (2.14%)

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.64m 2.64m 100.86
2024 1.86m 1.87m 100.75
2023 2.63m 3.55m 101.93

Ownership

Directors and executive officers, together 8.90%
Private Capital Management LLC 14.80%
Needham Investment Management LLC 8.70%
Calm Waters Partnership 7.10%
Janus Henderson Group PLC 5.90%
BlackRock, Inc. 5.10%
Patrick Goepel 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Asure Software, Inc. (ASUR) Latest News

2 Nov

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27 Aug

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21 Aug

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31 Jul

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29 Jul

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28 May

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3 May

Impact 4 · · StockStory

1 May

Impact 4 · · Moby
Impact 4 · · GuruFocus.com
stockrow.com/ASUR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com