Asure Software (ASUR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Asure Software

NasdaqCM•Technology•Software - Application

$7.36+0.01(<0.01%)Pre-market

Market Cap

$208.87M

P/S

1.3x

P/B

1.1x

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.

How this company scores

WeakMetricSide Score: 67/100

Grade capped at D — Interest coverage below 1× (0.3x) — earnings cannot cover interest. Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality17/25

Strengths

Growing revenueRising free cash flowLong cash runwayLow leverage

Grade capped at D

Interest coverage below 1× (0.3x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 67.7x5y range 47.1x – 67.7x

P/S · 1.3x5y range 1.3x – 2.8x

Currently below its 20-quarter median.

P/B · 1.1x5y range 0.7x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $208.87M

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $159.20M
Q. Revenue: $40.02M
TTM EBITDA: $30.71M
TTM Op. Income: $2.21M
Q. Op. Income: $515,000
TTM Net Income: $-3.67M
Q. Net Income: $-604,000
EPS: $-0.02
Shares Out.: $28.89M

$159.20M in TTM revenue grew 20.6% YoY, reaching $40.02M last quarter. TTM EBITDA of $30.71M and TTM operating income of $2.21M show growth is flowing through to the bottom line. However, net income is negative at $3.67M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 69.6%
EBITDA Margin: 19.6%
Op. Margin: 1.3%
Net Margin: -1.5%

Op. margin of 1.3% is up 10.9% YoY — cost efficiency is improving. Net margin at -1.5% and gross margin of 69.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 113% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.3x
P/B Ratio: 1.1x

P/S of 1.3x and P/B of 1.1x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $490.80M
Cash: $16.78M
Long-Term Debt: $59.36M
Book Value: $197.37M
D/E Ratio: 0.3
Debt/EBITDA: 7.6

With $490.80M in assets and $59.36M in long-term debt, D/E is 0.3and book value is $197.37M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 9% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.63M
TTM Free Cash Flow: $23.27M
FCF Margin: 14.6%
FCF / Net Income: -6.3

TTM FCF of $23.27M on $5.63M in operating cash flow. The FCF / Net Income ratio of -6.3x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 16% — a weakening trend.