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Asure Software (ASUR) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Asure Software (ASUR) Q3 2026 earnings results →

Q3 2026 Revenue up 10% year over year to $40.0M · 2¢ of every $1 of revenue lost · operating margin 1.3%

Asure Software made $40.0M in Q3 2026 (+10% Y/Y): Recurring $36.9M, Professional services, hardware and other $3.1M. Operating margin 1.3%, net loss $604K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$40.0M
Year over year+10%
Operating margin1.3%
Net earnings−$604K
Operating cash flow$5.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $40.0M in Q3 2026, up 10% year over year and up 8% from the previous quarter. Recurring was the largest line at 92% of revenue. Recurring added $5.1M year over year (up 16%), 135% of the total change. Professional services, hardware and other declined 29%.

Gross margin was 69.6%, up 4.6 points from Q3 2025. Operating profit was $515K, a 1.3% margin (up 10.9 points year over year). Operating expenses grew 1% against revenue growth of 10%. The quarter ended with a net loss of $604K, narrower than the previous quarter's $4.4M loss. Net interest and other expense of $1.6M was the main reason.

Operating cash flow was $5.6M (down 3% year over year). Non-cash charges added back $7.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $3.1M. Capital expenditures of $94K left free cash flow of $5.5M.

Quarterly history

Asure Software revenue by quarterAsure Software revenue by quarter$34.9MQ1 2025$30.1MQ2 2025$36.3MQ3 2025$42.8MQ1 2026$37.1MQ2 2026$40.0MQ3 2026
Asure Software net earnings by quarterAsure Software net earnings by quarter−$2.4MQ1 2025−$6.1MQ2 2025−$5.4MQ3 2025$625KQ1 2026−$4.4MQ2 2026−$604KQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$40.0M+10%1.3%−$604K$5.6M
Q2 202610-QJul 30, 2026$37.1M+23%-6.5%−$4.4M$4.5M
Q1 202610-QApr 30, 2026$42.8M+23%5.4%$625K$2.7M
Q3 202510-QOct 30, 2025$36.3M+24%-9.7%−$5.4M$5.8M
Q2 202510-QJul 31, 2025$30.1M+7%-15.4%−$6.1M$3.2M
Q1 202510-QMay 1, 2025$34.9M+10%-5.8%−$2.4M$2.0M

Charts

Asure Software: revenue growth, year over year and quarter over quarterAsure Software: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q1 2025+7%-14%Q2 2025+24%+20%Q3 2025+23%+18%Q1 2026+23%-13%Q2 2026+10%+8%Q3 2026
Latest (Q3 2026): Y/Y +10%, Q/Q +8%.
Asure Software: where the cash came from (+) and went (−), TTM to Q3 2026Asure Software: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$46.9MCash drawn (+) / kept (−)−$33.1MOther investing−$30.3MOperating cash flow$24.1MNet borrowing (+) / repaid (−)−$6.8MCapital spending−$831K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Asure Software: profit against cash, quarter by quarterAsure Software: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.2M$9.8MQ4 2024−$2.4M$2.0MQ1 2025−$6.1M$3.2MQ2 2025−$5.4M$5.8MQ3 2025$757K$11.3MQ4 2025$625K$2.7MQ1 2026−$4.4M$4.5MQ2 2026−$604K$5.6MQ3 2026
Latest (Q3 2026): Net income −$604K, Operating cash flow $5.6M.
Asure Software: diluted shares by fiscal yearAsure Software: diluted shares by fiscal year16MFY202020MFY202120MFY202222MFY202326MFY202427MFY2025
+72.4% since FY2020: more shares outstanding (issuance, stock pay).
Asure Software: long-term debt falling due (FY2025)Asure Software: long-term debt falling due (FY2025)$4.8M2026$4.9M2027$46.0M2029$15.0M2030
Cash $25.2M, short-term investments $12.8M, long-term debt $67.6M at 2025-12-31.
Asure Software in its industry: growth against margin (40 companies, SIC 7373)Asure Software in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICPSNGDDYOTEXLAWILJKHYIOTUISWAYNTCTRBBNIONQAGYSOSPNTLSSMRTWYYSTEMCREXCSPIHCTIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICASUR (+10%, 1%)
Services-Computer Integrated Systems Design; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Asure Software

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.

In its own words, from its 10-K, filed Feb 26, 2026.

Asure Software against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +4%. Operating margin: 1.3% against the peers' median 10.0%.

CompanyQuarterRevenueY/YOp. margin
ASUR Asure SoftwareQ3 2026$40.0M+10%1.3%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
PSN ParsonsQ3 2026$1.7B+2%6.3%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LAWIL Light & WonderQ3 2026$824M-2%29.4%

Source: Asure Software 10-Q on SEC EDGAR · CIK 884144 · Services-Computer Integrated Systems Design

13F: who owns ASUR and who is buying

Largest holders of ASUR (13F)Largest holders of ASUR (13F)Private Capital Management, LLC$33.4MNeedham Investment Management LLC$20.9MJanus Henderson Group$15.2MJupiter Topco LLC$14.5MVanguard Group$13.2MBlackRock$13.1MVanguard Capital Management LLC$8.5MDimensional Fund Advisors LP$7.6MSwedbank AB$6.4MRice Hall James & Associates, LLC$5.6M
Funds' net buying of ASUR by quarter (13F)Funds' net buying of ASUR by quarter (13F)$1.9M2024-09$363K2024-12$6.8M2025-03$3.6M2025-06−$8.6M2025-09$191K2025-12$3.3M2026-03$5.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ASUR

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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