ASUR Chart
About

Asure Software, Inc. engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build a productive workforce to help them stay compliant and allocate resources to grow their business. The company offers a comprehensive suite of HCM tools through its Asure HCM platform, which includes payroll and tax filing, HR management tools, time and attendance software, recruiting, and benefits administration. It provides technology-enabled services such as AsureMarketplace, facilitating automated data exchange with third-party providers; HR compliance services; AsurePay, a payroll card solution; and insurance brokerage services for benefits management. The company also offers payroll processing and compliance; offers payroll calculation and processing services, including wage and overtime calculations, garnishments, direct deposit processing, and related payroll administration; HR compliance and workforce management; time and attendance solutions; applicant tracking and recruiting tools; insurance brokerage and benefits administration, retirement plan administration; tax management solutions; payroll tax processing platforms; outsourced payroll tax services; and treasury and funds management services. The company delivers its products directly and through a national network of reseller partners and referral partners. Asure Software, Inc. was formerly known as Forgent Networks Inc. and changed its name to Asure Software, Inc. in September 2007. Asure Software, Inc. was incorporated in 1985 and is headquartered in Austin, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 268.13M
Enterprise Value 317.69M Income -13.13M Sales 140.54M
Book/sh 7.04 Cash/sh 0.89 Dividend Yield —
Payout 0.00% Employees 627 IPO —
P/E — Forward P/E 8.89 PEG —
P/S 1.91 P/B 1.34 P/C —
EV/EBITDA 17.62 EV/Sales 2.26 Quick Ratio 0.16
Current Ratio 1.07 Debt/Eq 37.82 LT Debt/Eq —
EPS (ttm) -0.48 EPS next Y 1.06 EPS Growth —
Revenue Growth 27.70% Earnings 2026-04-30 ROA -1.09%
ROE -6.64% ROIC — Gross Margin 67.51%
Oper. Margin 4.47% Profit Margin -9.34% Shs Outstand 28.37M
Shs Float 26.10M Short Float 5.58% Short Ratio 13.62
Short Interest — 52W High 11.48 52W Low 6.80
Beta 0.47 Avg Volume 115.60K Volume 144.65K
Target Price $13.38 Recom Strong_buy Prev Close $9.35
Price $9.45 Change 1.07%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.38
Mean price target
2. Current target
$9.45
Latest analyst target
3. DCF / Fair value
$-0.41
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.45
Low
$11.00
High
$15.00
Mean
$13.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Barrington Research Outperform → Outperform $15
2025-12-09 main Barrington Research Outperform → Outperform $15
2025-11-03 main Barrington Research Outperform → Outperform $15
2025-10-23 main Barrington Research Outperform → Outperform $15
2025-09-23 main Barrington Research Outperform → Outperform $15
2025-08-04 main Barrington Research Outperform → Outperform $15
2025-08-01 main Needham Buy → Buy $15
2025-07-22 main Barrington Research Outperform → Outperform $17
2025-07-02 main Barrington Research Outperform → Outperform $17
2025-07-02 reit Needham Buy → Buy $20
2025-05-27 main Barrington Research Outperform → Outperform $17
2025-05-05 reit Needham Buy → Buy $20
2025-05-02 main Barrington Research Outperform → Outperform $17
2025-05-02 reit Needham Buy → Buy $20
2025-04-28 main Barrington Research Outperform → Outperform $17
2025-03-07 reit Stephens & Co. Overweight → Overweight $13
2025-03-07 main Barrington Research Outperform → Outperform $17
2025-03-07 reit Needham Buy → Buy $20
2025-01-15 reit Needham Buy → Buy $20
2025-01-15 reit Stephens & Co. Overweight → Overweight $13
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 84000 — — Stock Award(Grant) at price 0.00 per share. GOLDSTEIN EYAL Officer — 2026-02-27 00:00:00 D
1 60000 — — Stock Award(Grant) at price 0.00 per share. PENCE JOHN F Chief Financial Officer — 2026-02-27 00:00:00 D
2 120000 — — Stock Award(Grant) at price 0.00 per share. GOEPEL PATRICK FRANCIS Chief Executive Officer — 2026-02-27 00:00:00 D
3 1932 15186 — Conversion of Exercise of derivative security at price 7.86 per share. OBERWAGER BRADFORD SCOVILL Director — 2026-02-03 00:00:00 D
4 56000 — — Stock Award(Grant) at price 0.00 per share. GOLDSTEIN EYAL Officer — 2025-12-31 00:00:00 D
5 40000 — — Stock Award(Grant) at price 0.00 per share. PENCE JOHN F Chief Financial Officer — 2025-12-31 00:00:00 D
6 100000 — — Stock Award(Grant) at price 0.00 per share. GOEPEL PATRICK FRANCIS Chief Executive Officer — 2025-12-31 00:00:00 D
7 75000 521250 — Conversion of Exercise of derivative security at price 6.95 per share. PENCE JOHN F Chief Financial Officer — 2025-11-10 00:00:00 D
8 5250 42840 — Purchase at price 8.16 per share. GOEPEL PATRICK FRANCIS Chief Executive Officer — 2025-08-06 00:00:00 D
9 25000 207500 — Purchase at price 8.30 per share. DREW WILLIAM CARL Director — 2025-08-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-318.57K0.003.78M
TaxRateForCalcs0.210.210.210.20
NormalizedEBITDA13.71M18.67M10.49M5.01M
TotalUnusualItems0.00-1.52M0.0018.84M
TotalUnusualItemsExcludingGoodwill0.00-1.52M0.0018.84M
NetIncomeFromContinuingOperationNetMinorityInterest-11.77M-9.21M-14.47M3.19M
ReconciledDepreciation23.53M20.62M20.41M17.82M
ReconciledCostOfRevenue30.38M26.55M26.39M22.63M
EBITDA13.71M17.15M10.49M23.85M
EBIT-9.82M-3.47M-9.92M6.03M
NetInterestIncome-111.00K-4.30M-4.44M-2.04M
InterestExpense1.02M5.64M4.44M2.04M
InterestIncome913.00K1.34M
NormalizedIncome-11.77M-8.02M-14.47M-11.87M
NetIncomeFromContinuingAndDiscontinuedOperation-11.77M-9.21M-14.47M3.19M
TotalExpenses130.53M122.08M107.14M89.03M
TotalOperatingIncomeAsReported-10.74M-3.00M-11.31M-12.96M
DilutedAverageShares26.05M22.14M20.12M19.51M
BasicAverageShares26.05M22.14M20.12M19.31M
DilutedEPS-0.45-0.42-0.720.16
BasicEPS-0.45-0.42-0.720.17
DilutedNIAvailtoComStockholders-11.77M-9.21M-14.47M3.19M
NetIncomeCommonStockholders-11.77M-9.21M-14.47M3.19M
NetIncome-11.77M-9.21M-14.47M3.19M
NetIncomeIncludingNoncontrollingInterests-11.77M-9.21M-14.47M3.19M
NetIncomeContinuousOperations-11.77M-9.21M-14.47M3.19M
TaxProvision933.00K109.00K112.00K802.00K
PretaxIncome-10.84M-9.11M-14.35M4.00M
OtherIncomeExpense8.00K-1.81M1.39M19.00M
OtherNonOperatingIncomeExpenses8.00K-292.00K1.39M150.00K
SpecialIncomeCharges0.00-1.52M0.0018.84M
OtherSpecialCharges1.52M-18.84M
NetNonOperatingInterestIncomeExpense-111.00K-4.30M-4.44M-2.04M
InterestExpenseNonOperating1.02M5.64M4.44M2.04M
InterestIncomeNonOperating913.00K1.34M
OperatingIncome-10.74M-3.00M-11.31M-12.96M
OperatingExpense92.84M88.54M73.82M59.53M
DepreciationAmortizationDepletionIncomeStatement16.22M13.62M13.49M10.95M
DepreciationAndAmortizationInIncomeStatement16.22M13.62M13.49M10.95M
Amortization16.22M13.62M13.49M10.95M
AmortizationOfIntangiblesIncomeStatement16.22M13.62M13.49M10.95M
ResearchAndDevelopment7.81M6.85M6.15M5.41M
SellingGeneralAndAdministration68.81M68.07M54.18M43.17M
SellingAndMarketingExpense28.32M28.73M20.26M15.45M
GeneralAndAdministrativeExpense40.50M39.33M33.92M27.72M
OtherGandA40.50M39.33M33.92M27.72M
GrossProfit82.11M85.54M62.51M46.56M
CostOfRevenue37.69M33.55M33.32M29.50M
TotalRevenue119.79M119.08M95.83M76.06M
OperatingRevenue119.79M119.08M95.83M76.06M
Line Item2023-12-312022-12-312021-12-31
TreasurySharesNumber384.00K384.00K384.00K
OrdinarySharesNumber26.67M25.00M20.24M20.03M
ShareIssued26.67M25.38M20.63M20.41M
NetDebt17.89M21.60M
TotalDebt17.73M10.44M43.22M41.32M
TangibleBookValue33.48M43.56M-7.54M-6.34M
InvestedCapital210.03M195.96M179.97M193.27M
WorkingCapital13.64M25.88M8.09M17.01M
NetTangibleAssets33.48M43.56M-7.54M-6.34M
CapitalLeaseObligations5.02M6.13M8.32M6.30M
CommonStockEquity197.31M191.66M145.07M158.24M
TotalCapitalization203.02M195.94M175.86M191.36M
TotalEquityGrossMinorityInterest197.31M191.66M145.07M158.24M
StockholdersEquity197.31M191.66M145.07M158.24M
GainsLossesNotAffectingRetainedEarnings-575.00K-1.11M-2.48M-99.00K
OtherEquityAdjustments-575.00K-1.11M-2.48M-99.00K
TreasuryStock0.005.02M5.02M5.02M
RetainedEarnings-307.23M-290.44M-281.23M-266.76M
AdditionalPaidInCapital504.85M487.97M433.59M429.91M
CapitalStock267.00K254.00K206.00K204.00K
CommonStock267.00K254.00K206.00K204.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest239.32M252.21M274.84M275.00M
TotalNonCurrentLiabilitiesNetMinorityInterest15.69M10.87M39.66M42.18M
OtherNonCurrentLiabilities358.00K209.00K114.00K2.68M
NonCurrentDeferredLiabilities6.04M1.74M2.29M1.63M
NonCurrentDeferredRevenue3.43M16.00K788.00K36.00K
NonCurrentDeferredTaxesLiabilities2.61M1.73M1.50M1.59M
LongTermDebtAndCapitalLeaseObligation9.29M8.92M37.25M37.87M
LongTermCapitalLeaseObligation3.58M4.64M6.46M4.75M
LongTermDebt5.71M4.28M30.80M33.12M
CurrentLiabilities223.64M241.34M235.18M232.83M
OtherCurrentLiabilities194.38M220.02M209.04M219.05M
CurrentDeferredLiabilities8.36M6.85M8.46M3.75M
CurrentDeferredRevenue8.36M6.85M8.46M3.75M
CurrentDebtAndCapitalLeaseObligation8.45M1.52M5.97M3.46M
CurrentCapitalLeaseObligation1.44M1.49M1.86M1.55M
CurrentDebt7.01M27.00K4.11M1.91M
OtherCurrentBorrowings7.01M27.00K4.11M1.91M
PensionandOtherPostRetirementBenefitPlansCurrent4.49M6.52M5.79M3.57M
PayablesAndAccruedExpenses7.96M6.43M5.92M3.00M
CurrentAccruedExpenses6.60M3.86M3.73M2.44M
Payables1.36M2.57M2.19M565.00K
AccountsPayable1.36M2.57M2.19M565.00K
TotalAssets436.64M443.87M419.91M433.25M
TotalNonCurrentAssets199.36M176.65M176.63M183.41M
OtherNonCurrentAssets11.81M9.05M5.52M4.14M
GoodwillAndOtherIntangibleAssets163.84M148.09M152.60M164.58M
OtherIntangibleAssets69.11M62.08M66.59M78.57M
Goodwill94.72M86.01M86.01M86.01M
NetPPE23.71M19.51M18.50M14.69M
AccumulatedDepreciation-25.57M-24.00M-19.48M-16.89M
GrossPPE49.28M43.51M37.98M31.58M
Leases2.60M2.52M1.88M1.64M
OtherProperties4.04M4.99M7.07M5.75M
MachineryFurnitureEquipment42.64M36.00M29.04M24.19M
Properties0.000.000.000.00
CurrentAssets237.28M267.22M243.28M249.83M
OtherCurrentAssets4.89M3.47M10.30M13.47M
RestrictedCash192.62M219.07M203.59M217.38M
PrepaidAssets13.47M
Inventory195.00K155.00K251.00K246.00K
Receivables18.15M14.20M12.12M5.31M
AccountsReceivable18.15M14.20M12.12M5.31M
AllowanceForDoubtfulAccountsReceivable-6.33M-4.79M-3.25M-2.21M
GrossAccountsReceivable24.48M18.99M15.37M7.52M
CashCashEquivalentsAndShortTermInvestments21.43M30.32M17.01M13.43M
CashAndCashEquivalents21.43M30.32M17.01M13.43M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-14.75M2.64M4.84M-28.42M
RepaymentOfDebt-420.00K-35.63M-1.69M-14.66M
IssuanceOfDebt5.00M0.000.0029.43M
IssuanceOfCapitalStock1.37M46.80M497.00K678.00K
CapitalExpenditure-24.14M-16.26M-8.84M-29.80M
InterestPaidSupplementalData0.003.14M3.40M1.41M
IncomeTaxPaidSupplementalData18.00K432.00K233.00K366.00K
EndCashPosition145.71M177.62M164.04M198.74M
BeginningCashPosition177.62M164.04M198.74M324.99M
ChangesInCash-31.91M13.58M-34.70M-126.24M
FinancingCashFlow-22.04M24.20M-12.38M-90.65M
CashFlowFromContinuingFinancingActivities-22.04M24.20M-12.38M-90.65M
NetOtherFinancingCharges-27.99M13.03M-11.19M-106.10M
NetCommonStockIssuance1.37M46.80M497.00K678.00K
CommonStockIssuance1.37M46.80M497.00K678.00K
NetIssuancePaymentsOfDebt4.58M-35.63M-1.69M14.77M
NetLongTermDebtIssuance4.58M-35.63M-1.69M14.77M
LongTermDebtPayments-420.00K-35.63M-1.69M-14.66M
LongTermDebtIssuance5.00M0.000.0029.43M
InvestingCashFlow-19.26M-29.52M-36.00M-36.97M
CashFlowFromContinuingInvestingActivities-19.26M-29.52M-36.00M-36.97M
NetInvestmentPurchaseAndSale4.88M-13.26M-27.16M-7.17M
SaleOfInvestment20.52M14.38M10.07M21.88M
PurchaseOfInvestment-15.64M-27.65M-37.23M-29.05M
NetIntangiblesPurchaseAndSale-13.26M-7.65M-2.29M-25.53M
PurchaseOfIntangibles-13.26M-7.65M-2.29M-25.53M
NetPPEPurchaseAndSale-692.00K-1.58M-2.32M-133.00K
PurchaseOfPPE-692.00K-1.58M-2.32M-133.00K
CapitalExpenditureReported-10.19M-7.03M-4.23M-4.14M
OperatingCashFlow9.39M18.90M13.67M1.38M
CashFlowFromContinuingOperatingActivities9.39M18.90M13.67M1.38M
ChangeInWorkingCapital-7.78M-1.42M5.26M-14.79M
ChangeInOtherWorkingCapital2.01M-2.38M5.46M-741.00K
ChangeInOtherCurrentLiabilities-1.55M-1.12M2.02M-348.00K
ChangeInOtherCurrentAssets0.00546.00K-3.02M-1.37M
ChangeInPayablesAndAccruedExpense-2.31M463.00K5.44M-96.00K
ChangeInAccruedExpense-1.10M87.00K3.83M629.00K
ChangeInPayable-1.21M376.00K1.61M-725.00K
ChangeInAccountPayable-1.21M376.00K1.61M-725.00K
ChangeInPrepaidAssets-1.89M5.10M2.99M-11.08M
ChangeInInventory-41.00K97.00K-14.00K142.00K
ChangeInReceivables-4.00M-4.13M-7.62M-1.29M
ChangesInAccountReceivables-4.00M-4.13M-7.62M-1.29M
OtherNonCashItems1.02M2.47M-509.00K149.00K
StockBasedCompensation6.44M5.43M3.18M2.99M
ProvisionandWriteOffofAssets46.00K2.05M803.00K1.00K
AssetImpairmentCharge18.00K0.00
AmortizationOfSecurities-377.00K-119.00K280.00K194.00K
DeferredTax884.00K225.00K-92.00K707.00K
DeferredIncomeTax884.00K225.00K-92.00K707.00K
DepreciationAmortizationDepletion23.53M20.62M20.41M17.82M
DepreciationAndAmortization23.53M20.62M20.41M17.82M
Depreciation23.53M20.62M20.41M17.82M
OperatingGainsLosses-2.61M-1.14M-1.20M-8.89M
GainLossOnInvestmentSecurities-2.61M-2.26M-1.22M-542.00K
GainLossOnSaleOfPPE-32.00K
NetIncomeFromContinuingOperations-11.77M-9.21M-14.47M3.19M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ASUR
Date User Asset Broker Type Position Size Entry Price Patterns