Asure Software, Inc. reported its financial results for the third quarter of 2025, revealing a total revenue of $36.3 million, a 24% increase from $29.3 million in the same period last year. The growth was driven by a significant rise in recurring revenue, which reached $31.8 million, up 11% from $28.6 million in Q3 2024. Additionally, professional services, hardware, and other revenue surged to $4.4 million, marking a 551% increase compared to $678,000 in the prior year. For the nine months ending September 30, 2025, total revenue was $101.2 million, a 14% increase from $89 million in the same period of 2024.

Despite the revenue growth, Asure reported a net loss of $5.4 million, or $0.19 per share, for the third quarter, compared to a loss of $3.9 million, or $0.15 per share, in Q3 2024. The nine-month net loss also widened to $13.9 million from $8.6 million year-over-year. The increase in losses was attributed to higher operating expenses, which rose to $26.6 million in Q3 2025 from $23.3 million in Q3 2024, driven by increased sales and marketing costs and general administrative expenses.

Strategically, Asure completed the acquisition of Lathem Time 2025 LLC on July 1, 2025, for a total purchase price of $39.5 million. This acquisition is expected to enhance Asure's timekeeping capabilities and expand its customer base. Additionally, the company engaged in two customer relationship asset acquisitions during the third quarter, totaling $11.2 million, as part of its ongoing growth strategy. Asure's total customer base now exceeds 100,000, with approximately 20% being direct clients.

Operationally, Asure's cash and cash equivalents stood at $21.5 million as of September 30, 2025, a slight increase from $21.4 million at the end of 2024. However, funds held for clients decreased significantly to $148.3 million from $192.6 million, reflecting changes in client fund obligations. The company also reported a working capital increase to $14.8 million, up from $13.6 million at the end of 2024. Looking ahead, Asure anticipates continued revenue growth driven by new product launches and an expanding client base, while also focusing on managing its operating expenses to improve profitability.

About ASURE SOFTWARE INC

Asure Software, Inc. is a cloud-based Human Capital Management (HCM) provider offering comprehensive SaaS solutions for businesses of all sizes. Its product suite includes payroll, HR compliance, recruiting, and benefits administration, serving over 100,000 clients. With a focus on reducing HR complexity and enhancing employee engagement, Asure is positioned to capitalize on the growing demand for efficient workforce management solutions. The company is committed to continuous innovation and strategic acquisitions to expand its market presence.

This description was generated via AI from an annual report. Updated 8 months ago.

About 10-Q Filings

A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.

Key points about the 10-Q:

  • Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
  • Content: It includes:
    • Financial statements showing the company's current financial position
    • Updates from management on the performance and projections of the business
    • Information about potential risks the company faces
    • Details on how the company is run internally
  • Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.