ASUR on Nasdaq
Asure Software
Logo: Stwainer, CC BY-SA 4.0, via Wikimedia Commons4
American software company
Asure Software, Inc. is a software company.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 16, 2026.
Overview
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- TickerASUR on Nasdaq1
- IndustrySaaS, software as a service1
- HeadquartersAustin1
- Websitewww.asuresoftware.com
- Incorporated inDE5
- Business address405 Colorado St, #1800, Austin, Tx 787015
- Filer categoryAccelerated filer5
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Asure Software, Inc. is a software company. Prior to September 13, 2007, the company was known as Forgent Networks. After rebranding as Asure Software, the company expanded into offering human capital management (HCM) solutions, including payroll, time & attendance, talent management, human resource management, benefits administration and insurance services.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Recurring brought in 91% of the revenue Asure Software broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Recurring | $114.5M | $127.3M |
| Professional Services Revenue | $5.3M | $13.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue28¢$33.5M
- Research and development6¢$6.8M
- Other costs66¢$78.6M
- Income tax0¢$109.0K
Out of $119.1M in revenue.98 The company lost money this year.
Where each dollar of operating cash went, fiscal 2023
- Capital spending8¢$1.6M
- Kept or used elsewhere92¢$17.3M
Out of $18.9M of cash from operations.8
Financial statements
Every line of the income statement in the latest annual report, as filed.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cost of sales | $45.7M | $37.7M |
| Gross profit | $94.9M | $82.1M |
| Sales and marketing | $33.6M | $28.3M |
| General and administrative | $45.8M | $40.5M |
| Research and development | $5.6M | $7.8M |
| Amortization of intangible assets | $18.3M | $16.2M |
| Total operating expenses | $103.3M | $92.8M |
| Loss from operations | -$8.4M | -$10.7M |
| Interest income | $869.0K | $913.0K |
| Interest expense | -$5.1M | -$1.0M |
| Other income, net | $121.0K | $8.0K |
| Loss from operations before income taxes | -$12.5M | -$10.8M |
| Income tax expense | $652.0K | $933.0K |
| Net loss | -$13.1M | -$11.8M |
| Unrealized gain on marketable securities | $1.0M | $540.0K |
| Comprehensive loss | -$12.1M | -$11.2M |
| Basic (in Dollars per share) | -$0.48 | -$0.45 |
| Diluted (in Dollars per share) | -$0.48 | -$0.45 |
| Basic (in shares) | 27.4M shares | 26.1M shares |
| Diluted (in shares) | 27.4M shares | 26.1M shares |
Every line of the balance sheet in the latest annual report, as filed.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $25.2M | $21.4M |
| Accounts receivable, net of allowance for credit losses of $7,206 and $6,328 at December 31, 2025, and December 31, 2024, respectively | $15.9M | $18.2M |
| Inventory | $2.8M | $195.0K |
| Prepaid expenses and other current assets | $6.3M | $4.9M |
| Total current assets before funds held for clients | $50.3M | $44.7M |
| Funds held for clients | $228.1M | $192.6M |
| Total current assets | $278.4M | $237.3M |
| Property and equipment, net | $27.8M | $19.7M |
| Goodwill | $115.8M | $94.7M |
| Intangible assets, net | $87.9M | $69.1M |
| Operating lease assets, net | $6.0M | $4.0M |
| Other assets, net | $15.5M | $11.8M |
| Total assets | $531.4M | $436.6M |
| Current portion of notes payable | $4.3M | $7.0M |
| Accounts payable | $2.2M | $1.4M |
| Accrued compensation and benefits | $4.7M | $4.5M |
| Lease liabilities, current | $2.0M | $1.4M |
| Other accrued liabilities | $6.4M | $6.6M |
| Deferred revenue | $11.6M | $8.4M |
| Total current liabilities before client fund obligations | $31.2M | $29.3M |
| Client fund obligations | $228.5M | $194.4M |
| Total current liabilities | $259.7M | $223.6M |
| Deferred revenue | $1.9M | $3.4M |
| Deferred tax liability | $3.3M | $2.6M |
| Notes payable, net of current portion | $63.3M | $5.7M |
| Lease liabilities, noncurrent | $5.2M | $3.6M |
| Other liabilities | $224.0K | $358.0K |
| Total long-term liabilities | $73.9M | $15.7M |
| Total liabilities | $333.6M | $239.3M |
| Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding | $0 | $0 |
| Common stock, $0.01 par value; 44,000 shares authorized; 28,076 and 26,671 shares issued, 28,076 and 26,671 shares outstanding at December 31, 2025, and December 31, 2024, respectively | $281.0K | $267.0K |
| Treasury stock at cost, zero(1) shares at December 31, 2025, and December 31, 2024 | $0 | $0 |
| Additional paid-in capital | $517.4M | $504.8M |
| Accumulated deficit | -$320.4M | -$307.2M |
| Accumulated other comprehensive income (loss) | $435.0K | -$575.0K |
| Total stockholders equity | $197.8M | $197.3M |
| Total liabilities and stockholders equity | $531.4M | $436.6M |
| Allowance for doubtful accounts | $7.2M | $6.3M |
| Preferred stock, par value | $0.01 | $0.01 |
| Preferred stock, shares authorized | 1.5M shares | 1.5M shares |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Preferred stock, shares issued | 0 shares | 0 shares |
| Common stock, par value | $0.01 | $0.01 |
| Common stock, shares authorized | 44.0M shares | 44.0M shares |
| Common stock, shares issued | 28.1M shares | 26.7M shares |
| Common stock, shares outstanding | 28.1M shares | 26.7M shares |
| Treasury Stock, Common, Shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$13.1M | -$11.8M |
| Depreciation and amortization | $26.4M | $22.1M |
| Amortization of operating lease assets | $1.6M | $1.4M |
| Amortization of debt financing costs and discount | $1.3M | $726.0K |
| Non-cash interest expense | $3.8M | $298.0K |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | -$398.0K | -$377.0K |
| Provision for expected losses | $1.1M | $46.0K |
| Provision for deferred income taxes | $652.0K | $884.0K |
| Loss on extinguishment of debt | $71.0K | $0 |
| Net realized gains on sales of available-for-sale securities | -$2.9M | -$2.6M |
| Share-based compensation | $7.7M | $6.4M |
| Accounts receivable | $3.2M | -$4.0M |
| Inventory | $750.0K | -$41.0K |
| Prepaid expenses and other assets | -$1.2M | -$1.9M |
| Accounts payable | $335.0K | -$1.2M |
| Accrued expenses and other long-term obligations | -$3.6M | -$1.1M |
| Lease liabilities | -$1.7M | -$1.6M |
| Deferred revenue | -$1.7M | $2.0M |
| Net cash provided by operating activities | $22.2M | $9.4M |
| Business combination consideration, net of cash acquired | -$37.5M | -$7.9M |
| Acquisition of intangible assets | -$15.7M | -$5.4M |
| Purchases of property and equipment | -$787.0K | -$692.0K |
| Software capitalization costs | -$13.7M | -$10.2M |
| Purchases of available-for-sale securities | -$44.6M | -$15.6M |
| Proceeds from sales and maturities of available-for-sale securities | $25.6M | $20.5M |
| Net cash used in investing activities | -$86.7M | -$19.3M |
| Payments of finance lease principal | -$19.0K | $0 |
| Proceeds from notes payable, net of issuance costs | $58.0M | $5.0M |
| Payments of notes payable | -$7.2M | -$420.0K |
| Debt extinguishment costs | -$100.0K | $0 |
| Net proceeds from issuance of common stock | $1.3M | $1.4M |
| Capital raise fees | $0 | -$132.0K |
| Payments made on amounts due for the acquisition of intangibles | -$2.6M | -$1.5M |
| Net change in client fund obligations | $34.1M | -$26.3M |
| Net cash provided by (used in) financing activities | $83.5M | -$22.0M |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | $19.0M | -$31.9M |
| Cash paid for interest | $3.3M | $0 |
| Cash paid for income taxes, net of refunds | $0 | $18.0K |
| Acquisition of intangible assets | $488.0K | $5.3M |
| Notes payable issued for acquisitions | $5.5M | $3.1M |
| Shares issued for acquisitions | $956.0K | $9.1M |
| Stock issued for debt payment | $2.6M |
Acquisitions
On September 13, 2007, Forgent acquired iEmployee.
On October 3, 2011, Asure Software announced that it had acquired ADI Time, a vendor of cloud computing time and attendance software and labor management services. On March 21, 2016, it announced the acquisition of Mangrove Employer Services, which developed human resource management software; it began massive layoffs of previous Mangrove employees in June 2016.
In May 2017, Asure acquired the Tampa-based company Compass HRM Inc.
In April 2018, Asure acquired Austin HR, an Austin based HR Consulting & Payroll & Benefit Administration company. On December 2, 2019, Asure Software announced that it completed the sale of its Workspace Management Business to FM:Systems.
From Wikipedia’s article on Asure Software, shared under CC BY-SA 4.0.6
Former names
Controversies and legal
Patents and litigation
JPEG
In 2002, while known as Forgent, the company claimed that through its subsidiary, Compression Labs, it owned the patent rights on the JPEG image compression standard, which is widely used on the World Wide Web. Its claim arose from a patent that had been filed on October 27, 1986, and granted on October 6, 1987: U.S. patent 4,698,672 by Wen-Hsiung Chen and Daniel J. Klenke. While Forgent did not own Compression Labs at the time, Chen later sold the company to Forgent before joining Cisco.
Critics claim that the legal principle of laches, hence not asserting one's rights in a timely manner, invalidates Forgent's claims on the patent. They also noted the similarity to Unisys' attempts to assert rights over the GIF image compression standard via LZW patent enforcement. The JPEG committee responded to Forgent's claims, stating that it believes prior art exists that would invalidate Forgent's claims, and launched a search for prior art evidence. The 1992 JPEG specification cited two earlier research papers written by Wen-Hsiung Chen, published in 1977 and 1984. JPEG representative Richard Clark also claimed that Chen sat in one of the JPEG committees, but Forgent denied this claim.
In April 2004, Forgent stated that 30 companies had already paid US$90 million in royalties. On April 23, lawsuits were filed against 31 companies, including Adobe Systems, Apple Computer and IBM, for infringement of their patent. On September 26, 2005, Axis Communications, one of the defendants, announced a settlement with Compression Labs Inc.; the terms were not disclosed. As of late October 2005, six companies were known to have licensed the patent from Forgent including Adobe, Macromedia, Axis, Color Dreams, and Research In Motion.
On May 25, 2006, the United States Patent and Trademark Office rejected the broadest part of Forgent's claims, stating prior art submitted by the Public Patent Foundation invalidated those claims. PubPat's Executive Director, Dan Ravicher, says that the submitters knew about the prior art but failed to tell the USPTO about it. On August 11, 2006, Forgent received notice from the NASDAQ stock market regarding non-compliance with the minimum bid price rule, which can lead to delisting, before coming back into compliance in January 2007.
The company issued a press release on November 1, 2006, stating that they settled their remaining claims against roughly 60 companies for a total of $8 million which was paid by, among other companies, Dell, Hewlett-Packard, IBM, Microsoft, and Sun Microsystems.
Digital video recorders
Forgent Networks shifted its focus to a computer controlled video system, allowing playback during recording. While the patent was filed in 1991, the first litigation was initiated in 2005. On May 21, 2007, U.S. District Court of Eastern Texas ruled in favor of EchoStar Communications Corporation, on grounds that the Forgent patent is invalid.
Read the full text
Asure Software
After Forgent Networks acquired iEmployee and changed its name to Asure Software, the website of the combined company no longer listed information related to the two patents - '672 and '746, unlike the old Forgent Networks website.
Proxy Fight
In 2008, the company was the target of a proxy fight launched by Pinnacle Fund ("Pinnacle") and Red Oak Partners, managed by David Sandberg. After negotiations, a slate of 5 new directors was elected on August 28, 2009 to replace the previous board.
From Wikipedia’s article on Asure Software, shared under CC BY-SA 4.0.6
Timeline
Recent filings
- Oct 5, 20264
- Oct 5, 20264
- Sep 2, 20264
- Sep 2, 20264
- Aug 12, 20264
- Aug 11, 2026144
- Aug 4, 20264
- Aug 4, 20264
- Jul 30, 202610-Q
- Jul 30, 20268-K
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.asuresoftware.com1
- WikipediaAsure Software
- WikidataQ4811929
- SEC EDGARCIK 884144
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAsure Software on Wikidata
- 2SEC EDGARAsure Software filings on SEC EDGAR
- 3WikipediaAsure Software on Wikipedia
- 4Wikimedia CommonsAsure Software logo by Stwainer, CC BY-SA 4.0
- 5SEC EDGARAsure Software filings on SEC EDGAR
- 6
- 7Wikimedia CommonsAsure Software photo by Jcampbellasur, CC BY-SA 3.0
- 8SEC EDGARAsure Software 10-K for fiscal 2023
- 9SEC EDGARAsure Software 10-K for fiscal 2023
- 10
- 11SEC EDGARAsure Software 10-K for fiscal 2019
- 12SEC EDGARAsure Software 10-K for fiscal 2020
- 13SEC EDGARAsure Software 10-K for fiscal 2021
- 14SEC EDGARAsure Software 10-Q for fiscal 2026
- 15SEC EDGARAsure Software 10-Q for fiscal 2026
- 16SEC EDGARAsure Software 10-K for fiscal 2019