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

Jan 1, 1985Founded1

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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
Asure Software Timeline
Photo: Jcampbellasur, CC BY-SA 3.0, via Wikimedia Commons7

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

71.8%Gross margin8
-2.5%Operating margin8
-7.7%Net margin8
24.3%Revenue growth, 20239
-4.8%Return on equity8
0.02×Debt to equity8
$17.3MFree cash flow8

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.

  1. Recurring$127.3M1091%up 11% from 2024
  2. Professional Services Revenue$13.3M109%up 149% from 2024
Products and services by year
Products and services20242025
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

Revenue1112139$119.1M in 2023+63% since 2019
0$50.0M$100.0M$150.0M2019: $73.2M$73.2M20192020: $65.5M$65.5M2020−10%2021: $76.1M$76.1M2021+16%2022: $95.8M$95.8M2022+26%2023: $119.1M$119.1M2023+24%
Gross profit11121398$85.5M in 2023+97% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $43.3M$43.3M20192020: $38.1M$38.1M2020−12%2021: $46.6M$46.6M2021+22%2022: $62.5M$62.5M2022+34%2023: $85.5M$85.5M2023+37%
Operating income11121398-$3.0M in 2023−94% since 2019
-$60.0M-$40.0M-$20.0M02019: -$50.4M-$50.4M20192020: -$14.9M-$14.9M2020−70%2021: -$13.0M-$13.0M2021−13%2022: -$11.3M-$11.3M2022−13%2023: -$3.0M-$3.0M2023−73%
Net income11121398-$9.2M in 2023
-$20.0M0$20.0M$40.0M2019: $30.0M$30.0M20192020: -$16.3M-$16.3M20202021: $3.2M$3.2M20212022: -$14.5M-$14.5M20222023: -$9.2M-$9.2M2023−36%

Every line of the income statement in the latest annual report, as filed.10

Period ending2025-12-312024-12-31
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 shares26.1M shares
Diluted (in shares)27.4M shares26.1M shares

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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

  • FORGENT NETWORKS INCMar 14, 2002 to Jan 21, 20105
  • VTEL CORPJun 4, 1996 to Feb 6, 20025

Timeline

  1. Sep 13, 2007Went public Listed on NASDAQ1
  2. Jan 1, 1985Founded Founded1

Recent filings

  1. Oct 5, 20264
  2. Oct 5, 20264
  3. Sep 2, 20264
  4. Sep 2, 20264
  5. Aug 12, 20264
  6. Aug 11, 2026144
  7. Aug 4, 20264
  8. Aug 4, 20264
  9. Jul 30, 202610-Q
  10. Jul 30, 20268-K
  11. Jul 30, 20264
  12. Jul 30, 20264
  13. Jul 30, 20264
  14. Jul 30, 20264
  15. Jul 30, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2