Asure Software, Inc. (ASUR) AI Stock Analysis

NASDAQ: ASURAI research summary: business, growth, valuation, analysts, bull and bear case.

ASUR AI stock analysis summary

AI Research

Asure Software, Inc. (ASUR) provides cloud-based human capital management software and HR services to small and mid-sized businesses. While the company achieved a 5-year revenue CAGR of 16.5% through FY2025 and reached $155.4M in trailing twelve-month revenue, it has reported annual net losses for four consecutive years. The stock closed at $7.08, down 16.3% over the past year.

Market cap
$204.5M
Revenue (TTM)
$155.4M
P/E
—
fwd 7.1x
1Y return
-16.3%
S&P 500 16.8%
Avg. target
$13.11
85.2% vs last close

Bull case

  • Revenue grew 23.2% year-over-year in the quarter ended June 30, 2026, contributing to trailing twelve-month revenue of $155.4M.
  • Free cash flow improved to $21.4M in FY2025 alongside an operating cash flow of $22.2M.
  • The stock trades at a forward P/E of 7.1x, well below the 18.8x median of its US-listed Technology peers.

Bear case

  • Net income remained negative at -$13.1M in FY2025, marking four consecutive years of annual net losses.
  • Share count expanded by 48.7% over the five years leading up to FY2025.
  • The company carries net debt of $55.2M with total debt of $74.9M against $19.7M in cash and short-term investments as of June 30, 2026.

What Asure Software does

Asure Software, Inc. delivers cloud-based human capital management solutions tailored for small and mid-sized businesses across the United States. Its core offering, Asure Payroll & Tax, streamlines payroll calculations for wages, benefits, overtime, and deductions while maintaining compliance with payroll tax regulations. The company also offers Asure HR, an employee self-service and management platform, and Asure Time & Attendance, which helps optimize labor expenditures. Beyond software, Asure provides HR services, including an on-demand resource library, personalized support, compliance updates, strategic guidance, and integrations with third-party systems like benefits and 401(k) plans.

Growth and profitability

Revenue increased from $76.1M in FY2021 to $140.5M in FY2025, supported by a 5-year revenue CAGR of 16.5%. Revenue rose 17.3% in FY2025 following a slower 0.6% gain in FY2024. Despite gross margin holding at 67.5% in FY2025, operating margin remained negative at -6.0%, and net income was -$13.1M. The company has recorded net losses each year from FY2022 through FY2025. In the latest quarter ended June 30, 2026, revenue increased 23.2% year-over-year, bringing trailing twelve-month revenue to $155.4M with an operating margin of -6.5% and diluted earnings per share of -$0.29.

ASUR income statement →

Balance sheet and cash flow

As of June 30, 2026, Asure Software held $19.7M in cash and short-term investments against total debt of $74.9M, leaving net debt at $55.2M. The company's current ratio stood at 1.06, and its debt-to-equity ratio was 0.38 against shareholders' equity of $197.8M. In FY2025, operating cash flow reached $22.2M, while capital expenditures totaled $787,000, resulting in free cash flow of $21.4M. Over the five-year period through FY2025, its share count expanded by 48.7%.

ASUR balance sheet →

Valuation and performance

At $7.08 per share, Asure Software carries a market capitalization of $204.5M and an enterprise value of $283.1M. The stock trades at a forward P/E of 7.1x, a price-to-sales of 1.3x, and an EV/EBITDA of 9.7x. These compare to median multiples of its US-listed Technology peers of 18.8x forward P/E, 2.8x price-to-sales, and 16.6x EV/EBITDA. Over the past year, ASUR fell 16.3%, while the S&P 500 (SPY) gained 16.8%.

ASUR key metrics →

What analysts expect

Wall Street coverage consists of 7 Strong Buy and 2 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target is $13.11, representing an 85.2% premium over the last close of $7.08. For the fiscal year ending December 31, 2026, consensus estimates anticipate revenue of $160.6M and EPS of $0.86, representing projected EPS growth of 17.1%. Over the last four quarters, the company beat EPS estimates 1 time. The next earnings date is October 29, 2026.

ASUR forecast and price target →

Key risks and what to watch

  • Trailing twelve-month operating margin stands at -6.5%, below the US-listed Technology peer median of 13.2%.
  • The company beat analyst EPS estimates in only 1 of the last 4 quarters.
  • The current ratio of 1.06 as of June 30, 2026, reflects a tight short-term liquidity buffer.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this ASUR AI stock analysis

This page is an AI-written research summary of Asure Software, Inc. (ASUR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ASUR income statement, ASUR balance sheet, ASUR key metrics, ASUR analyst forecast, ASUR chart. See the ASUR stock overview for the latest quote and news.

ASUR AI stock analysis FAQ

What is Asure Software's core product offering?

The company provides cloud-based human capital management software for small and mid-sized businesses, led by Asure Payroll & Tax, Asure HR, and Asure Time & Attendance, along with integrated HR services.

Is Asure Software profitable?

On a GAAP net income basis, Asure Software is not profitable, having reported a net loss of -$13.1M in FY2025 and trailing twelve-month EPS of -$0.29. However, it generated positive free cash flow of $21.4M in FY2025.

What are analysts forecasting for ASUR's earnings?

For the fiscal year ending December 31, 2026, analysts estimate revenue of $160.6M and EPS of $0.86. For the next fiscal year, 6 analysts project revenue of $174.5M and EPS of $1.08.

How does Asure Software's valuation compare to peers?

Asure Software trades at an EV/EBITDA of 9.7x and a price-to-sales of 1.3x, both of which are lower than the US-listed Technology sector peer medians of 16.6x and 2.8x, respectively.

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