Operating within the United States, Asure Software, Inc. delivers cloud-hosted human capital management (HCM) solutions tailored for small and mid-sized businesses. The ...
Asure Software, Inc. (NASDAQ: ASUR) is a technology company headquartered in Austin, Texas, founded in 1985. It delivers cloud-based human capital management (HCM) solutions specifically tailored to small and mid-sized businesses (SMBs). The company's mission is to help these enterprises build effective teams, maintain regulatory compliance, and strategically allocate resources ...Asure Software, Inc. (NASDAQ: ASUR) is a technology company headquartered in Austin, Texas, founded in 1985. It delivers cloud-based human capital management (HCM) solutions specifically tailored to small and mid-sized businesses (SMBs). The company's mission is to help these enterprises build effective teams, maintain regulatory compliance, and strategically allocate resources for growth. Asure's product portfolio includes Asure Payroll & Tax, a comprehensive cloud-based system that automates payroll processing and tax compliance, managing compensation, benefits, overtime, garnishments, tips, direct deposits, and adherence to the Fair Labor Standards Act (FLSA) and federal, state, and local tax regulations. Asure HR is a cloud-native platform simplifying HR complexities with employee self-service tools for personal information, pay stubs, and company documents. Asure Time & Attendance helps reduce labor costs and eliminate time theft. Beyond these core software offerings, Asure provides a suite of HR services, including an on-demand resource library, expert phone and email support, compliance and policy updates, strategic HR decision assistance, and complete HR outsourcing. The company also ensures seamless integration with third-party systems for 401(k) plans, benefits administration, and insurance providers. Asure has grown through a combination of organic growth and acquisitions, and its leadership aims to position the company as a one-stop-shop for SMB HCM needs. The company reported annual revenue of approximately $155 million and employs about 627 full-time employees. Its financial metrics show a gross profit margin of 68.1%, an EBITDA margin of 18.7%, and a net profit margin of -5.4% as of the latest TTM. The CEO, Pat Goepel, was named the 2024 Best CEO of a Public Company by the Austin Business Journal, highlighting the company's strong leadership. Asure also emphasizes its commitment to serving over 100,000 businesses across the United States, with a focus on simplifying complex HCM tasks and driving client success.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$140.5M
+17.3%
-13.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-13.1M
-11.5%
-810.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+67.5%
-1.5%
-5.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-6.0%
+33.3%
-218.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-9.3%
+5.0%
-919.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$21.4M
+245.3%
+69.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+15.2%
+223.9%
+95.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
37.8%
+320.8%
+0.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.07x
+1.0%
+1.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good afternoon, welcome to Asure's second quarter 2026 earnings conference call. Joining us for today's call are Chairman and CEO, Pat Goepel, Chief Financial Officer, John Pence, and VP of Investor Relations, Patrick McKillop. Following their prepared remarks, there will be a question and answer session for analysts and investors. I would now like to turn the call over to Patrick McKillop for introductory remarks. Please go ahead.
Patrick McKillop : Thank you, operator. Good afternoon, everyone. Thank you for joining us for Asure's second quarter 2026 earnings results call. Following the close of the market, we released our financial results. The earnings release is available on the SEC's website and our investor relations website at investor.asuresoftware.com, where you can also find our investor presentation. During our call today, we will reference non-GAAP financial measures, which we believe to be useful to investors in understanding our business and exclude the impact of certain items. A description and timing of these items, along with a reconciliation of non-GAAP measures to their most comparable GAAP measures, can be found in our earnings release. Today's call will also contain forward-looking statements that refer to future events and, as such, involve some risks. We use words such as expects, believes, and may to indicate forward-looking statements. We encourage you to review our filings with the SEC for additional information on factors that could cause actual results to differ materially from our current expectations. I'll hand the call over to Pat in a moment, I just wanted to take a moment to remind people of some of our upcoming investor relations activities. On August 26th, we will attend the Three Part Advisors IDEAS Investor Conferences in Chicago. On September 10th, we will attend the Lake Street Conference in N.Y. On September 22nd, we will participate in the 19th Annual Barrington Research Virtual Fall Investment Conference. On November 17th, we will participate in the Craig-Hallum Alpha Select Conference in N.Y. On November 18th, we will attend the Stephens Annual Investment Conference in Nashville, Tennessee, as well as the Roth Conference in N.Y. On November 19th, we will participate in the seventh annual Needham Virtual Tech Conference. Investor outreach is very important to Asure, we'd like to thank all those that assist us in our efforts to connect with investors. Finally, I would like to remind everyone that this call is being recorded, and it will be made available for replay via a link available on the investor relations section of our website. With that, I would now like to turn the call over to Pat Goepel, Chairman and CEO. Pat?
Pat Goepel : Thank you, Patrick, and welcome everyone to Asure's second quarter 2026 earnings results call. I'm joined on this call by our CFO, John Pence. We will provide a business update for second quarter 2026 results, as well as our updated outlook for the remainder of …
