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Asure
(NASDAQ:ASUR)
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Rating:58Neutral
Price Target:
$8.50
▲(10.97% Upside)
Action:Reiterated
Date:07/31/26
ASUR scores in the upper-middle range primarily due to improving fundamentals (healthy gross margins, narrowing losses, and positive TTM free cash flow) and a constructive earnings call with updated guidance and margin expansion. The score is held back by continued GAAP losses (negative P/E), rising leverage versus earlier years, and mixed technical positioning with the stock still below longer-term moving averages.
Positive Factors
High recurring revenue mix
A ~91% recurring revenue mix and recent double-digit top-line growth create a subscription-driven cash base that improves predictability. This durable revenue composition supports higher retention, easier upsell across modules, and steadier cash conversion over coming quarters.
Negative Factors
Persistent GAAP net losses
Ongoing GAAP losses mean retained earnings remain negative and reported profitability is unresolved. Even with margin improvements, persistent accounting losses can limit capital flexibility, depress return metrics, and keep some strategic options constrained until full GAAP profitability is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
High recurring revenue mix
A ~91% recurring revenue mix and recent double-digit top-line growth create a subscription-driven cash base that improves predictability. This durable revenue composition supports higher retention, easier upsell across modules, and steadier cash conversion over coming quarters.
Read all positive factors
Asure (ASUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$231.90M
Dividend YieldN/A
Average Volume (3M)115.48K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth24.27%
EPS Growth48.44%
CountryUS
Employees641
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.29
Shares Outstanding28,879,328
10 Day Avg. Volume76,488
30 Day Avg. Volume115,478
Financial Highlights & Ratios
PEG Ratio-2.94
Price to Book (P/B)1.31
Price to Sales (P/S)1.84
P/FCF Ratio12.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$14.50Price Target Upside89.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.85
Revenue Forecast (FY)$160.75M
Asure Business Overview & Revenue Model
Company Description
Operating within the United States, Asure Software, Inc. delivers cloud-hosted human capital management (HCM) solutions tailored for small and mid-sized businesses. The company assists these enterprises in cultivating effective teams, ensuring reg...
How the Company Makes Money
Asure primarily makes money by selling HCM software and delivering payroll-related services to businesses. Key revenue streams include: (1) recurring subscription revenue from its cloud software offerings (e.g., payroll/HR/time and attendance modu...
Asure Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial progress: robust revenue and recurring revenue growth, sizable adjusted EBITDA and margin expansion, meaningful AI adoption, major platform milestones (2M Vensure employees live, majority of 30k clients on AsureCentral), improved profitability metrics, and raised guidance. Key risks were acknowledged including an ongoing GAAP net loss, elevated debt, near-term comparisons and non-recurring revenue headwinds, modest quarterly organic growth (seasonally affected), and some execution risk around sales hiring and realization of large tax deals and backlog. Overall, positives (growth, margin expansion, AI-driven efficiencies, platform traction, and clear guidance) materially outweigh the negatives, though leverage and certain timing/visibility risks remain.Positive Updates
Strong Top-Line Growth
Total revenue of $37.1M in Q2 2026, up 23% year-over-year from $30.1M.
Negative Updates
Net Loss and Ongoing Negative GAAP Earnings
GAAP net loss persisted at $4.4M in Q2 2026 despite improvement from $6.1M a year ago.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total revenue of $37.1M in Q2 2026, up 23% year-over-year from $30.1M.
Read all positive updates
Company Guidance
Asure updated 2026 guidance with full-year revenue of $159M–$163M and adjusted EBITDA margins of 24%–25%, and gave Q3 guidance of $38M–$40M revenue and $8M–$10M adjusted EBITDA; management expects positive levered free cash flow in the mid‑to‑high teens (calculated from adjusted EBITDA at the midpoint less ~ $15M of software capitalization and ~ $6M of earned cash interest). Key operating metrics: Q2 revenue was $37.1M (up 23% YoY) with recurring revenue $34M (≈91% of total), organic growth of 5% (vs. 1% in Q2’25 and 7% in Q1’26), GAAP gross margin 68% and non‑GAAP gross margin 73%, adjusted EBITDA $7.7M (up 48% YoY) and adj. EBITDA margin 21%. Balance sheet and backlog: cash $19.7M, total debt $68.9M (6/30/26), contracted backlog ≈ $80M with ~41% expected to convert in 12 months. Other targets: medium‑term revenue $180M–$200M with 30%+ adj. EBITDA margin, sales headcount goal of 150 reps by YE‑2026, current existing:new logo mix ~53:47 (target 65:35), and an expected ~ $600K revenue headwind in H1’27 as Lathem transitions to a HaaS model.Asure Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
60
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.43M | 140.54M | 119.79M | 119.08M | 95.83M | 76.06M |
| Gross Profit | 105.88M | 94.87M | 82.11M | 85.54M | 62.51M | 46.56M |
| EBITDA | 29.07M | 20.58M | 13.71M | 17.15M | 10.49M | 23.85M |
| Net Income | -8.42M | -13.13M | -11.77M | -9.21M | -14.47M | 3.19M |
Balance Sheet | ||||||
| Total Assets | 477.88M | 531.42M | 436.64M | 443.87M | 419.91M | 433.25M |
| Cash, Cash Equivalents and Short-Term Investments | 19.68M | 25.24M | 21.43M | 30.32M | 17.01M | 13.43M |
| Total Debt | 74.88M | 74.80M | 17.73M | 10.44M | 43.22M | 41.32M |
| Total Liabilities | 280.12M | 333.62M | 239.32M | 252.21M | 274.84M | 275.00M |
| Stockholders Equity | 197.76M | 197.80M | 197.31M | 191.66M | 145.07M | 158.24M |
Cash Flow | ||||||
| Free Cash Flow | 10.96M | 21.43M | -14.75M | 2.64M | 4.84M | -28.42M |
| Operating Cash Flow | 24.25M | 22.22M | 9.39M | 18.90M | 13.67M | 1.38M |
| Investing Cash Flow | -92.07M | -86.68M | -19.26M | -29.52M | -36.00M | -36.97M |
| Financing Cash Flow | -38.83M | 83.45M | -22.04M | 24.20M | -12.38M | -90.65M |
Asure Technical Analysis
Positive
7.66
Price Trends
8.35
Positive
8.52
Positive
8.61
Positive
Market Momentum
0.12
Negative
57.28
Neutral
72.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASUR, the sentiment is Positive. The current price of 7.66 is below the 20-day moving average (MA) of 8.21, below the 50-day MA of 8.35, and below the 200-day MA of 8.61, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 57.28 is Neutral, neither overbought nor oversold. The STOCH value of 72.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASUR.
Asure Risk Analysis
Asure disclosed 43 risk factors in its most recent earnings report. Asure reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Asure Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $547.35M | 16.83 | 32.32% | ― | 2.43% | ― | |
64 Neutral | $175.52M | -8.21 | -11.54% | ― | -1.25% | -109.14% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $269.39M | 172.73 | 3.34% | ― | 2.89% | ― | |
58 Neutral | $231.90M | -27.88 | -4.27% | ― | 24.27% | 48.44% | |
57 Neutral | $179.62M | 12.27 | -7.36% | ― | -0.07% | ― | |
57 Neutral | $520.36M | -20.87 | -24.96% | ― | 16.80% | 21.61% |
* Technology Sector Average
ASUR
Asure
8.67
0.46
5.60%
EGHT
8X8
2.30
0.55
31.43%
YEXT
Yext
5.73
-2.00
-25.87%
THRY
Thryv Holdings
2.44
-9.97
-80.34%
EXFY
Expensify
2.69
0.90
50.28%
WEAV
Weave Communications
5.29
-2.12
-28.61%
Asure Corporate Events
Executive/Board ChangesShareholder Meetings
Asure Stockholders Elect Directors and Ratify Auditor at Meeting
Positive
May 13, 2026
On May 12, 2026, Asure held its 2026 Annual Meeting of Stockholders, where shareholders voted on the election of seven directors to serve until the next annual meeting or until successors are duly elected and qualified. Benjamin Allen, W. Carl Dre...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.