NASDAQ : ASUR
Asure Software, Inc. — Financial statements
Technology · Software - Application · United States
Last price 9.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 283.90M
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Financial statements
Asure Software, Inc. (ASUR) reported revenue of 159.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 159.20M | 140.54M | 119.79M | 119.08M | 95.83M | 76.06M |
| Revenue | 159.20M | 140.54M | 119.79M | 119.08M | 95.83M | 76.06M |
| Cost of Revenue | 49.13M | 45.67M | 37.69M | 33.55M | 33.32M | 29.50M |
| Gross Profit | 110.07M | 94.87M | 82.11M | 85.54M | 62.51M | 46.56M |
| Selling, General & Admin | 83.47M | 79.40M | 68.81M | 68.07M | 54.18M | 43.17M |
| Research & Development | 5.51M | 5.60M | 7.81M | 6.85M | 6.15M | 5.41M |
| Amortization of Goodwill & Intangibles | 18.88M | 18.28M | 16.22M | 13.62M | 13.49M | 10.95M |
| Operating Expenses | 107.86M | 103.28M | 92.84M | 88.54M | 73.82M | 59.53M |
| Operating Income | 2.21M | -8.41M | -10.74M | -3.00M | -11.31M | -12.96M |
| Interest Expense | -7.09M | -5.06M | -1.02M | -5.64M | -4.44M | -2.04M |
| Interest & Investment Income | 703.00K | 869.00K | 913.00K | 1.34M | ||
| Other Non Operating Income (Expenses) | -182.00K | 121.00K | 8.00K | 146.00K | 150.00K | |
| EBT Excluding Unusual Items | -4.36M | -12.47M | -10.84M | -7.30M | -15.60M | -14.85M |
| Gain (Loss) on Sale of Assets | -292.00K | |||||
| Other Unusual Items | -1.52M | 1.25M | 18.84M | |||
| Pretax Income | -4.36M | -12.47M | -10.84M | -9.11M | -14.35M | 4.00M |
| Income Tax Expense | -699.00K | 652.00K | 933.00K | 109.00K | 112.00K | 802.00K |
| Earnings From Continuing Operations | -3.67M | -13.13M | -11.77M | -9.21M | -14.47M | 3.19M |
| Net Income | -3.67M | -13.13M | -11.77M | -9.21M | -14.47M | 3.19M |
| Net Income to Common | -3.67M | -13.13M | -11.77M | -9.21M | -14.47M | 3.19M |
| Shares Outstanding (Basic) | 28.50M | 27.43M | 26.05M | 22.14M | 20.12M | 19.31M |
| Shares Outstanding (Diluted) | 28.50M | 27.43M | 26.05M | 22.14M | 20.12M | 19.51M |
| EPS (Basic) | -0.13 | -0.48 | -0.45 | -0.42 | -0.72 | 0.17 |
| EPS (Diluted) | -0.13 | -0.48 | -0.45 | -0.42 | -0.72 | 0.16 |
| Free Cash Flow | 23.27M | 21.43M | 8.70M | 17.32M | 11.36M | 1.25M |
| Free Cash Flow Per Share | 0.82 | 0.78 | 0.33 | 0.78 | 0.56 | 0.06 |
| Gross Margin | 69.14% | 67.51% | 68.54% | 71.83% | 65.23% | 61.22% |
| Operating Margin | 1.39% | -5.98% | -8.96% | -2.52% | -11.80% | -17.04% |
| Profit Margin | -2.30% | -9.34% | -9.83% | -7.74% | -15.10% | 4.20% |
| Free Cash Flow Margin | 14.62% | 15.25% | 7.26% | 14.54% | 11.85% | 1.64% |
| EBITDA | 30.71M | 18.03M | 11.40M | 16.14M | 7.40M | 3.28M |
| EBITDA Margin | 19.29% | 12.83% | 9.52% | 13.55% | 7.72% | 4.32% |
| D&A For EBITDA | 28.50M | 26.44M | 22.14M | 19.14M | 18.71M | 16.25M |
| EBIT | 2.21M | -8.41M | -10.74M | -3.00M | -11.31M | -12.96M |
| EBIT Margin | 1.39% | -5.98% | -8.96% | -2.52% | -11.80% | -17.04% |
| Effective Tax Rate | 20.08% | |||||
| Revenue as Reported | 159.20M | 140.54M | 119.79M | 119.08M | 95.83M | 76.06M |
| Advertising Expenses | 1.99M | 1.99M | 1.79M | 1.06M | 108.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.78M | 25.24M | 21.43M | 30.32M | 17.01M | 13.43M |
| Cash & Short-Term Investments | 16.78M | 25.24M | 21.43M | 30.32M | 17.01M | 13.43M |
| Accounts Receivable | 12.83M | 15.86M | 18.15M | 14.20M | 12.12M | 5.31M |
| Receivables | 12.83M | 15.86M | 18.15M | 14.20M | 12.12M | 5.31M |
| Inventory | 2.74M | 2.83M | 195.00K | 155.00K | 251.00K | 246.00K |
| Prepaid Expenses | 9.87M | 6.33M | 4.89M | 3.47M | 10.30M | 13.47M |
| Other Current Assets | 194.75M | 228.11M | 192.62M | 219.07M | 203.59M | 217.38M |
| Total Current Assets | 236.96M | 278.37M | 237.28M | 267.22M | 243.28M | 249.83M |
| Property, Plant & Equipment | 37.66M | 33.84M | 23.71M | 19.51M | 18.50M | 14.69M |
| Goodwill | 115.76M | 115.76M | 94.72M | 86.01M | 86.01M | 86.01M |
| Other Intangible Assets | 79.30M | 87.91M | 69.11M | 62.08M | 66.59M | 78.57M |
| Other Long-Term Assets | 21.13M | 15.54M | 11.81M | 9.05M | 5.52M | 4.14M |
| Total Assets | 490.80M | 531.42M | 436.64M | 443.87M | 419.91M | 433.25M |
| Accounts Payable | 2.08M | 2.17M | 1.36M | 2.57M | 2.19M | 565.00K |
| Accrued Expenses | 12.85M | 11.14M | 11.09M | 10.38M | 9.52M | 6.00M |
| Current Portion of Long-Term Debt | 5.30M | 4.34M | 7.01M | 27.00K | 4.11M | 1.91M |
| Current Portion of Leases | 2.07M | 1.96M | 1.44M | 1.49M | 1.86M | 1.55M |
| Current Unearned Revenue | 5.86M | 11.62M | 8.36M | 6.85M | 8.46M | 3.75M |
| Other Current Liabilities | 197.38M | 228.48M | 194.38M | 220.02M | 209.04M | 219.05M |
| Total Current Liabilities | 225.54M | 259.72M | 223.64M | 241.34M | 235.18M | 232.83M |
| Long-Term Debt | 59.36M | 63.28M | 5.71M | 4.28M | 30.80M | 33.12M |
| Long-Term Leases | 3.58M | 5.22M | 3.58M | 4.64M | 6.46M | 4.75M |
| Long-Term Unearned Revenue | 1.23M | 1.91M | 3.43M | 16.00K | 788.00K | 36.00K |
| Long-Term Deferred Tax Liabilities | 3.41M | 3.26M | 2.61M | 1.73M | 1.50M | 1.59M |
| Other Long-Term Liabilities | 319.00K | 224.00K | 358.00K | 209.00K | 114.00K | 2.68M |
| Total Liabilities | 293.44M | 333.62M | 239.32M | 252.21M | 274.84M | 275.00M |
| Common Stock | 289.00K | 281.00K | 267.00K | 254.00K | 206.00K | 204.00K |
| Additional Paid-In Capital | 523.94M | 517.43M | 504.85M | 487.97M | 433.59M | 429.91M |
| Retained Earnings | -324.77M | -320.35M | -307.23M | -290.44M | -281.23M | -266.76M |
| Treasury Stock | -5.02M | -5.02M | -5.02M | |||
| Comprehensive Income & Other | -2.08M | 435.00K | -575.00K | -1.11M | -2.48M | -99.00K |
| Shareholders' Equity | 197.37M | 197.80M | 197.31M | 191.66M | 145.07M | 158.24M |
| Total Liabilities & Equity | 490.80M | 531.42M | 436.64M | 443.87M | 419.91M | 433.25M |
| Total Debt | 70.30M | 74.80M | 17.73M | 10.44M | 43.22M | 41.32M |
| Net Cash (Debt) | -53.52M | -49.56M | 3.69M | 19.88M | -26.21M | -27.90M |
| Net Cash Per Share | -1.88 | -1.81 | 0.14 | 0.90 | -1.30 | -1.43 |
| Filing Date Shares Outstanding | 30.17M | 28.37M | 26.98M | 25.53M | 20.27M | 20.04M |
| Total Common Shares Outstanding | 28.92M | 28.08M | 26.67M | 25.00M | 20.24M | 20.03M |
| Working Capital | 11.42M | 18.65M | 13.64M | 25.88M | 8.09M | 17.01M |
| Book Value Per Share | 6.82 | 7.05 | 7.40 | 7.67 | 7.17 | 7.90 |
| Tangible Book Value | 2.31M | -5.87M | 33.48M | 43.56M | -7.54M | -6.34M |
| Tangible Book Value Per Share | 0.08 | -0.21 | 1.26 | 1.74 | -0.37 | -0.32 |
| Machinery | 9.10M | 8.27M | 7.95M | 7.55M | 6.93M | |
| Leasehold Improvements | 2.91M | 2.60M | 2.52M | 1.88M | 1.64M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.67M | -13.13M | -11.77M | -9.21M | -14.47M | 3.19M |
| Depreciation & Amortization | 30.28M | 28.00M | 23.53M | 20.62M | 20.41M | 17.82M |
| Other Amortization | 1.32M | 1.25M | 726.00K | 820.00K | 718.00K | 309.00K |
| Loss (Gain) From Sale of Assets | 132.00K | 25.00K | -32.00K | |||
| Asset Writedown & Restructuring Costs | 18.00K | |||||
| Loss (Gain) From Sale of Investments | -3.96M | -3.35M | -2.99M | -2.38M | -941.00K | -348.00K |
| Stock-Based Compensation | 8.26M | 7.74M | 6.44M | 5.43M | 3.18M | 2.99M |
| Provision & Write-off of Bad Debts | 116.00K | 1.12M | 46.00K | 2.05M | 803.00K | 1.00K |
| Other Operating Activities | 3.13M | 4.53M | 1.18M | 2.86M | -1.34M | -7.76M |
| Change in Accounts Receivable | 1.62M | 3.19M | -4.00M | -4.13M | -7.62M | -1.29M |
| Change in Inventory | -433.00K | 750.00K | -41.00K | 97.00K | -14.00K | 142.00K |
| Change in Accounts Payable | -489.00K | 335.00K | -1.21M | 376.00K | 1.61M | -725.00K |
| Change in Unearned Revenue | -2.27M | -1.75M | 2.01M | -2.38M | 5.46M | -741.00K |
| Change in Other Net Operating Assets | -9.82M | -6.48M | -4.54M | 4.62M | 5.82M | -12.17M |
| Operating Cash Flow | 24.10M | 22.22M | 9.39M | 18.90M | 13.67M | 1.38M |
| Capital Expenditures | -831.00K | -787.00K | -692.00K | -1.58M | -2.32M | -133.00K |
| Cash Acquisitions | -37.50M | -7.90M | ||||
| Sale (Purchase) of Intangibles | -19.48M | -29.40M | -15.54M | -14.68M | -6.52M | -29.67M |
| Other Investing Activities | -10.87M | -18.99M | 4.88M | -13.26M | -27.16M | -7.17M |
| Investing Cash Flow | -31.18M | -86.68M | -19.26M | -29.52M | -36.00M | -36.97M |
| Long-Term Debt Issued | 57.98M | 5.00M | 29.43M | |||
| Long-Term Debt Repaid | -7.22M | -420.00K | -35.63M | -1.69M | -14.66M | |
| Net Debt Issued (Repaid) | -6.78M | 50.76M | 4.58M | -35.63M | -1.69M | 14.77M |
| Issuance of Common Stock | 325.00K | 1.34M | 1.37M | 46.80M | 497.00K | 701.00K |
| Other Financing Activities | 46.59M | 31.36M | -27.99M | 13.03M | -11.19M | -106.12M |
| Financing Cash Flow | 40.13M | 83.45M | -22.04M | 24.20M | -12.38M | -90.65M |
| Net Cash Flow | 33.05M | 18.99M | -31.91M | 13.58M | -34.70M | -126.24M |
| Free Cash Flow | 23.27M | 21.43M | 8.70M | 17.32M | 11.36M | 1.25M |
| Free Cash Flow Margin | 14.62% | 15.25% | 7.26% | 14.54% | 11.85% | 1.64% |
| Free Cash Flow Per Share | 0.82 | 0.78 | 0.33 | 0.78 | 0.56 | 0.06 |
| Levered Free Cash Flow | 15.89M | -650.00K | 3.53M | 5.17M | 15.62M | -31.32M |
| Unlevered Free Cash Flow | 19.00M | 1.26M | 3.44M | 7.88M | 17.68M | -30.35M |
| Cash Interest Paid | 6.18M | 3.29M | 3.14M | 3.40M | 1.41M | |
| Cash Income Tax Paid | 18.00K | 432.00K | 233.00K | 366.00K | ||
| Change in Working Capital | -11.39M | -3.95M | -7.78M | -1.42M | 5.26M | -14.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 283.90M | 263.43M | 249.87M | 236.58M | 188.30M | 156.35M |
| Enterprise Value | 337.42M | 319.08M | 251.56M | 213.09M | 220.44M | 186.32M |
| Last Close Price | 9.41 | 9.42 | 9.41 | 9.52 | 9.34 | 7.83 |
| PE Ratio | 48.97 | |||||
| Forward PE | 8.76 | 10.43 | 11.57 | 17.93 | 49.29 | 263.64 |
| PS Ratio | 1.78 | 1.87 | 2.09 | 1.99 | 1.97 | 2.06 |
| PB Ratio | 1.38 | 1.33 | 1.27 | 1.23 | 1.30 | 0.99 |
| P/TBV Ratio | 122.79 | 7.46 | 5.43 | |||
| P/FCF Ratio | 12.20 | 12.29 | 28.73 | 13.66 | 16.58 | 125.58 |
| P/OCF Ratio | 11.78 | 11.86 | 26.62 | 12.52 | 13.77 | 113.46 |
| PEG Ratio | 0.58 | 0.69 | 0.67 | 0.62 | 2.05 | 14.25 |
| EV/Sales Ratio | 2.12 | 2.27 | 2.10 | 1.79 | 2.30 | 2.45 |
| EV/EBITDA Ratio | 10.99 | 17.70 | 22.06 | 13.21 | 29.79 | 56.74 |
| EV/FCF Ratio | 14.50 | 14.89 | 28.93 | 12.31 | 19.41 | 149.66 |
| Debt / Equity Ratio | 0.36 | 0.38 | 0.09 | 0.05 | 0.30 | 0.26 |
| Debt / EBITDA Ratio | 2.11 | 3.69 | 1.33 | 0.56 | 4.48 | 7.64 |
| Debt / FCF Ratio | 3.02 | 3.49 | 2.04 | 0.60 | 3.81 | 33.19 |
| Net Debt / Equity Ratio | 0.27 | 0.25 | -0.02 | -0.10 | 0.18 | 0.18 |
| Net Debt / EBITDA Ratio | 1.74 | 2.75 | -0.32 | -1.23 | 3.54 | 8.49 |
| Net Debt / FCF Ratio | 2.30 | 2.31 | -0.42 | -1.15 | 2.31 | 22.41 |
| Asset Turnover | 0.34 | 0.29 | 0.27 | 0.28 | 0.23 | 0.16 |
| Inventory Turnover | 19.49 | 30.23 | 215.34 | 165.25 | 134.08 | 84.89 |
| Quick Ratio | 0.13 | 0.16 | 0.18 | 0.18 | 0.12 | 0.08 |
| Current Ratio | 1.05 | 1.07 | 1.06 | 1.11 | 1.03 | 1.07 |
| Return on Equity (ROE) | -1.88% | -6.64% | -6.05% | -5.47% | -9.54% | 2.10% |
| Return on Assets (ROA) | 0.29% | -1.09% | -1.52% | -0.43% | -1.66% | -1.71% |
| Return on Invested Capital (ROIC) | 0.88% | -3.81% | -5.88% | -1.75% | -6.33% | -6.19% |
| Return on Capital Employed (ROCE) | 0.80% | -3.10% | -5.00% | -1.50% | -6.10% | -6.50% |
| Earnings Yield | -1.37% | -4.98% | -4.71% | -3.90% | -7.68% | 2.04% |
| FCF Yield | 8.20% | 8.13% | 3.48% | 7.32% | 6.03% | 0.80% |
| Buyback Yield / Dilution | -5.20% | -5.28% | -17.69% | -10.05% | -3.12% | -22.62% |