Asure Software Q2 Revenue Climbs 23% to $37.1M, Loss Narrows to $0.15/Share

summarizeSummary

Asure Software reported Q2 2026 revenue of $37.1 million, up 23% year-over-year, with a narrower net loss of $4.4 million. Strong growth in time and attendance solutions drove the results.

check_boxKey Events · Earnings and Guidance · ASUR

• Revenue Growth Accelerates

  Driven by a 19% increase in recurring revenue and a 106% jump in professional services/hardware, primarily from time and attendance solutions, Q2 2026 revenue rose 23% year-over-year to $37.1 million.

• Loss Narrows, Beats Consensus

  The net loss improved to $4.4 million ($0.15/share) from $6.1 million ($0.22/share) a year ago. Adjusted EBITDA of $7.7 million handily beat the $7.0 million consensus.

• Liquidity and Debt Compliance

  Cash and equivalents stood at $19.7 million as of June 30, 2026. The company is in compliance with all debt covenants under its $60 million senior credit facility, which caps the total leverage ratio at 5.50x.

• Working Capital Tightens

  Working capital decreased to $13.4 million from $18.6 million at year-end 2025, partly due to a seasonal decline in deferred revenue. The company has access to a $25 million at-the-market equity program.

auto_awesomeAnalysis · ASUR · Technology

Accelerating revenue growth, fueled by time and attendance solutions, lifted Asure Software's Q2 2026 total revenue 23% year-over-year to $37.1 million. The net loss narrowed to $4.4 million from $6.1 million a year ago, and adjusted EBITDA of $7.7 million handily beat consensus. The company remains in compliance with debt covenants and holds $19.7 million in cash, though working capital has tightened. The 10-Q confirms the positive trends highlighted in the earlier 8-K, with no new red flags.