Asure Q3 Revenue Reaches $40.0M, Net Loss Narrows to $0.6M; Cash Drops to $16.8M
ASUR sits 22% above its 52-week low of $6.8 on elevated volume (2.9× avg).
Summary
Asure grew Q3 revenue 10% to $40.0 million and cut its net loss to $0.6 million, but cash fell to $16.8 million and the company is now operating under a new $115 million MUFG credit facility with tighter leverage covenants.
Key Events · Earnings and Guidance · ASUR
-
Q3 Revenue Grows 10% to $40.0M
Total revenue rose to $40,022 thousand from $36,252 thousand a year earlier, with recurring revenue up 16% to $36,912 thousand. Nine-month revenue reached $119,892 thousand, up 18%.
-
Net Loss Narrows to $0.6M
Q3 net loss was $604 thousand, or $0.02 per share, versus $5,362 thousand, or $0.19 per share, a year ago. Operating income turned positive at $515 thousand from a $3,499 thousand loss.
-
Cash Falls to $16.8M
Cash and cash equivalents were $16,780 thousand at September 30, 2026, down from $25,244 thousand at December 31, 2025. Nine-month operating cash flow was $12,810 thousand.
-
MUFG Facility Replaces MidCap
On October 15, 2026 the company closed a $115 million facility — an $85 million term loan drawn at closing, a $10 million revolver and a $20 million delayed-draw term loan — and paid $62,646 thousand to retire MidCap debt.
Analysis · ASUR · Technology
The operating turnaround is taking hold: revenue of $40.0 million rose 10% from $36.3 million a year ago, gross margin climbed to 70%, and the company posted $515 thousand of operating income versus a $3.5 million operating loss a year earlier. Net loss shrank to $604 thousand ($0.02 per share) from $5.4 million ($0.19). Liquidity is the catch. Cash and equivalents fell to $16.8 million from $25.2 million at year-end, and the company now leans on the new $115 million MUFG facility — $85 million drawn at closing, a $10 million revolver and a $20 million delayed-draw term loan — plus a $25 million at-the-market program that remains entirely unused. On top of $79.3 million of net intangibles, the October 15 asset purchase of a southeastern payroll business for $26.5 million, paid partly with 1,206 newly issued shares valued at $10 million, adds amortization and integration risk. New leverage and coverage covenants (3.50x and 1.25x) leave less room for a bad quarter than the retired MidCap terms did.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASUR was trading at $8.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $208.8M. The 52-week trading range was $6.80 to $10.20. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.