Asure Issues Third-Quarter Outlook After 23% Revenue Growth

The Tip Desk · October 27, 2026 · 2 min read

Second-quarter revenue reached $37.1 million, and the company now sees third-quarter sales of $38.0 million to $40.0 million.

Asure Software, Inc. (ASUR), a provider of cloud-based human capital management software, reported second-quarter 2026 revenue of $37.1 million, up 23% from $30.1 million a year earlier. The Austin-based company also issued its third-quarter sales outlook after roughly 23% growth in both of the first two periods of 2026.

Recurring revenue was $34.0 million, up 19% from $28.6 million. Professional services, hardware and other revenue was $3.2 million. Chairman and CEO Pat Goepel said contributors were broad based across business lines, with improved organic growth, higher gross margins versus the year-ago period, and continued product attach. He also said the launch of AsureWorks has continued positive trends with a healthy pipeline of deals.

Sequential comparisons followed the company’s seasonal pattern. Revenue declined from $42.8 million in the first quarter, which the company notes is seasonally strong as recurring year-end W2/ACA revenue is recognized in first quarters. Recurring revenue declined from $37.8 million. EBITDA was $4.6 million versus $1.4 million a year earlier. Adjusted EBITDA was $7.7 million versus $5.2 million. Non-GAAP gross profit was $27.1 million, a 73% margin, matching the 73% margin a year earlier. GAAP gross profit was $25.1 million.

The net loss narrowed to $4.4 million from $6.1 million a year earlier, or $0.15 a share. Interest expense was $1.75 million.

The company issued third-quarter 2026 revenue guidance of $38.0 million to $40.0 million. Third-quarter adjusted EBITDA guidance was $8.0 million to $10.0 million. Full-year 2026 revenue guidance remained $159.0 million to $163.0 million. Full-year adjusted EBITDA guidance was raised to 24% to 25% from 23% to 25%.

Goepel said the company remains focused on increasing product attach rates, advancing AI capabilities, and building on sales and marketing efforts. Given investments made and first-half trends, he said the company believes it is in a strong position to achieve its growth and profitability goals for 2026.

Asure also announced an expanded partnership with Foodservice Restaurant Partners Group’s FRPG Restaurant Rewards, a group purchasing organization spanning 20 states and 3,000 members. The company said the expanded agreement strengthens distribution within FRPG’s network and is expected to further position Asure to capture market share in the independent restaurant segment.

Cash and cash equivalents were $19.7 million at June 30, 2026, down from $25.2 million at year-end 2025. Funds held for clients were $178.9 million. Notes payable, net of the current portion, were $62.2 million.