A Business at a Glance
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ASURE SOFTWARE INC
ASUR
$209M
Mkt Cap
$7.66
+1.59%
ASURE SOFTWARE INC (ASUR) has a 5-year average return on invested capital (ROIC) of -4.1%. This is below average and may indicate limited pricing power.
ASURE SOFTWARE INC (ASUR) has a market capitalization of $219M. It is classified as a small-cap stock.
ASURE SOFTWARE INC (ASUR) does not currently pay a regular dividend.
ASURE SOFTWARE INC (ASUR) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
ASURE SOFTWARE INC (ASUR) reported annual revenue of $127 million in its most recent fiscal year, based on SEC EDGAR filings.
ASURE SOFTWARE INC (ASUR) has a net profit margin of -10.3%. The company is currently unprofitable.
ASURE SOFTWARE INC (ASUR) generated $21 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Table of Contents Asure is a provider of cloud-based Human Capital Management (“HCM”) software solutions delivered as Software-as-a-Service (“SaaS”) to businesses of all sizes. We offer human resources (“HR”) tools necessary to build a thriving workforce, provide the resources to stay compliant with dynamic federal, state, and local tax jurisdictions and their respective labor laws, freeing cash flows so these businesses can spend their financial capital on growing their businesses rather than administrative overhead that can impede growth. Our solutions also provide new ways for employers to connect with their employees and strengthen relationships with their talent. At the core of our offering is the Asure HCM platform—a SaaS-based system that includes Payroll & Tax filing, HR management tools, Time & Attendance software, Recruiting, and Benefits Administration.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.2M | 127M | 114M | 119M | 96M | 76M |
| Net Income | -10M | -13M | -12M | -9.2M | -14M | 3.2M |
| EPS | $-0.37 | $-0.48 | $-0.45 | $-0.42 | $-0.72 | $0.16 |
| Free Cash Flow | 22M | 21M | 8.7M | 17M | 11M | 1.2M |
| ROIC | -1.4% | -5.7% | -5.8% | -2.9% | -7.9% | 1.8% |
| Gross Margin | 1636.9% | 74.5% | 71.7% | 71.8% | 65.2% | 61.2% |
| Debt/Equity | 0.34 | 0.40 | 0.13 | 0.05 | 0.30 | 0.58 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -4.1M | -8.4M | -11M | -3.0M | -11M | -13M |
| Operating Margin | -66.0% | -6.6% | -9.4% | -2.5% | -11.8% | -17.0% |
| ROE | -5.0% | -6.6% | -6.0% | -5.5% | -9.5% | 2.1% |
| Shares Outstanding | 29M | 27M | 26M | 22M | 20M | 20M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 27M | 27M | 36M | 54M | 89M | 73M | 66M | 76M | 96M | 119M | 114M | 127M | 6.2M |
| Gross Margin | 76.8% | 72.7% | 77.2% | 76.8% | 44.4% | 59.2% | 58.2% | 61.2% | 65.2% | 71.8% | 71.7% | 74.5% | 1636.9% |
| R&D | 3.3M | 3.1M | 2.9M | 4.5M | 6.0M | 5.4M | 6.0M | 5.4M | 6.1M | 6.8M | 7.8M | 5.6M | 5.2M |
| SG&A | 14M | 15M | 21M | 34M | 37M | 42M | 36M | 28M | 34M | 39M | 40M | 46M | 47M |
| EBIT | 1.6M | -317K | 1.2M | -1.0M | -11M | -50M | -15M | -13M | -11M | -3.0M | -11M | -8.4M | -4.1M |
| Op. Margin | 5.8% | -1.2% | 3.5% | -1.8% | -12.1% | -68.9% | -22.7% | -17.0% | -11.8% | -2.5% | -9.4% | -6.6% | -66.0% |
| Net Income | -262K | -1.8M | -972K | -5.7M | -7.5M | 30M | -16M | 3.2M | -14M | -9.2M | -12M | -13M | -10M |
| Net Margin | -1.0% | -6.5% | -2.7% | -10.5% | -8.5% | 41.0% | -24.9% | 4.2% | -15.1% | -7.7% | -10.3% | -10.3% | -164.2% |
| Non-Recurring | 0 | -110K | 0 | 0 | -53K | 35M | -59K | 32K | -25K | -132K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 8.7% | -1.8% | 4.8% | -1.4% | -4.4% | 16.2% | -10.2% | 1.8% | -7.9% | -2.9% | -5.8% | -5.7% | -1.4% |
| ROE | -6.0% | -42.9% | -8.9% | -14.0% | -9.1% | 25.0% | -11.5% | 2.1% | -9.5% | -5.5% | -6.0% | -6.6% | -5.0% |
| ROA | -0.7% | -5.1% | -1.6% | -4.0% | -2.7% | 8.8% | -3.9% | 0.7% | -3.4% | -2.1% | -2.7% | -2.7% | -1.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.7M | 3.4M | -2.0M | -36K | -7.1M | -4.1M | 2.2M | 1.4M | 14M | 19M | 9.4M | 22M | 23M |
| Free Cash Flow | 1.9M | 1.9M | -2.4M | -1.4M | -9.0M | -5.1M | 1.4M | 1.2M | 11M | 17M | 8.7M | 21M | 22M |
| Owner Earnings | -341K | -66K | -5.9M | -6.7M | -22M | -25M | -15M | -18M | -8.2M | -5.7M | -19M | -12M | -13M |
| CapEx | 807K | 1.4M | 436K | 1.4M | 1.9M | 1.0M | 857K | 133K | 2.3M | 1.6M | 692K | 787K | 813K |
| Maint. CapEx | 2.8M | 3.0M | 3.6M | 6.1M | 13M | 18M | 15M | 16M | 19M | 19M | 22M | 26M | 28M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.8M | 3.0M | 3.6M | 6.1M | 13M | 18M | 15M | 16M | 19M | 19M | 22M | 26M | 28M |
| CapEx/OCF | 29.8% | 41.9% | N/A | N/A | N/A | N/A | 38.3% | 9.7% | 17.0% | 8.4% | 7.4% | 3.5% | 3.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 5.0M | 0 | 5.0M | 5.0M | 0 | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 226K | 409K | 226K | 593K | 1.7M | 2.3M | 2.4M | 3.0M | 3.2M | 5.4M | 6.4M | 7.7M | 8.0M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250K | 0 | 100K | 100K |
| Balance Sheet | |||||||||||||
| Net Debt | 15M | 12M | 17M | 48M | 96M | -19M | -22M | 46M | -30M | -92M | -65M | -35M | 29M |
| Cash & Equiv. | 320K | 1.2M | 13M | 28M | 15M | 29M | 29M | 13M | 17M | 30M | 21M | 25M | 40M |
| Long-Term Debt | 14M | 12M | 25M | 67M | 107M | 24M | 12M | 33M | 31M | 4.3M | 5.7M | 63M | 62M |
| Debt/Equity | 3.38 | 3.58 | 1.65 | 1.19 | 1.09 | 0.25 | 0.22 | 0.58 | 0.30 | 0.05 | 0.13 | 0.40 | 0.34 |
| Interest Coverage | 1.2 | -0.3 | 0.6 | -0.2 | -1.2 | -3.1 | -6.7 | -6.4 | -2.5 | -0.5 | -10.5 | -1.7 | -1.7 |
| Equity | 4.5M | 3.7M | 18M | 64M | 103M | 138M | 146M | 158M | 145M | 192M | 197M | 198M | 200M |
| Total Assets | 34M | 34M | 86M | 203M | 361M | 320M | 514M | 433M | 420M | 444M | 437M | 531M | 519M |
| Total Liabilities | 30M | 30M | 68M | 140M | 259M | 182M | 368M | 275M | 275M | 252M | 239M | 334M | 319M |
| Intangibles | 8.3M | 6.0M | 12M | 34M | 72M | 64M | 65M | 79M | 67M | 62M | 69M | 88M | 89M |
| Retained Earnings | -269M | -271M | -272M | -278M | -284M | -254M | -270M | -267M | -281M | -290M | -307M | -320M | -320M |
| Working Capital | -7.3M | -8.2M | 4.2M | 17M | 11M | 18M | 8.2M | 17M | 8.1M | 26M | 14M | 19M | 13M |
| Current Assets | 7.1M | 7.7M | 46M | 87M | 160M | 169M | 357M | 250M | 243M | 267M | 237M | 278M | 259M |
| Current Liabilities | 14M | 16M | 41M | 70M | 148M | 152M | 349M | 233M | 235M | 241M | 224M | 260M | 246M |
| Per Share Data | |||||||||||||
| EPS | -0.04 | -0.28 | -0.15 | -0.53 | -0.54 | 1.93 | -1.03 | 0.16 | -0.72 | -0.42 | -0.45 | -0.48 | -0.37 |
| Owner EPS | -0.05 | -0.01 | -0.90 | -0.62 | -1.56 | -1.58 | -0.93 | -0.89 | -0.41 | -0.26 | -0.73 | -0.44 | -0.44 |
| Book Value | 0.68 | 0.59 | 2.82 | 5.91 | 7.33 | 8.85 | 9.20 | 7.93 | 7.22 | 8.74 | 7.54 | 7.23 | 6.99 |
| Cash Flow/Share | 0.41 | 0.53 | -0.31 | -0.00 | -0.51 | -0.26 | 0.14 | 0.07 | 0.68 | 0.86 | 0.36 | 0.81 | 0.61 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 6.5M | 6.3M | 6.5M | 10.8M | 14.0M | 15.5M | 15.8M | 20.0M | 20.1M | 21.9M | 26.2M | 27.3M | 28.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 4.2 | N/A | 48.1 | N/A | N/A | N/A | N/A | -20.8 |
| P/FCF | 18.9 | 14.5 | N/A | N/A | N/A | N/A | 84.4 | 123.4 | 14.6 | 12.0 | 28.1 | 11.9 | 9.9 |
| EV/EBIT | 32.3 | N/A | 56.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 8.0 | 7.6 | 3.2 | 2.4 | 0.7 | 0.9 | 0.8 | 1.0 | 1.1 | 1.1 | 1.2 | 1.3 | 1.1 |
| Price/Sales | 1.4 | 1.3 | 1.1 | 2.4 | 3.0 | 1.5 | 1.7 | 2.2 | 1.3 | 2.5 | 2.0 | 2.0 | 35.6 |
| FCF Yield | 5.3% | 6.9% | -4.2% | -0.9% | -12.6% | -4.1% | 1.2% | 0.8% | 6.8% | 8.3% | 3.6% | 8.4% | 10.1% |
| Market Cap | 36M | 28M | 59M | 151M | 72M | 126M | 116M | 154M | 166M | 209M | 245M | 255M | 219M |
| Avg. Price | 5.64 | 5.68 | 5.81 | 12.28 | 13.46 | 7.19 | 7.11 | 8.43 | 6.37 | 11.36 | 8.66 | 9.45 | 7.66 |
| Year-End Price | 5.49 | 4.50 | 9.09 | 14.02 | 5.13 | 8.08 | 7.34 | 7.70 | 8.28 | 9.51 | 9.35 | 9.31 | 7.66 |
ASURE SOFTWARE INC passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 10.1x vs a median of 14.6x. The company's 5-year average gross margin is 68.9%. At current prices, the estimated annualized return to fair value is +51.8%.
ASURE SOFTWARE INC (ASUR) has a debt-to-equity ratio of 0.40. This indicates a conservatively financed balance sheet.
ASURE SOFTWARE INC (ASUR) reported earnings per share (EPS) of $-0.48 in its most recent fiscal year.
ASURE SOFTWARE INC (ASUR) has a return on equity (ROE) of -6.6%. A negative ROE may indicate losses or negative equity.
ASURE SOFTWARE INC (ASUR) has a 5-year average gross margin of 68.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for ASURE SOFTWARE INC (ASUR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ASURE SOFTWARE INC (ASUR) has a book value per share of $7.23, based on its most recent annual SEC filing.