Asure Software, Inc. reported a consolidated revenue of $140.5 million for the fiscal year ended December 31, 2025, marking a 17% increase from the previous year's revenue of $119.8 million. The company's recurring revenue, which constitutes a significant portion of its total revenue, rose by 11% to $127.3 million, up from $114.5 million in 2024. Despite this growth, Asure recorded a net loss of $13.1 million, an increase from the prior year's loss of $11.8 million. The gross profit for the year was $94.9 million, compared to $82.1 million in 2024, reflecting a gross margin of 68%.
The company experienced notable operational changes, including the acquisition of Lathem Time 2025 LLC, which was completed on July 1, 2025, for a total purchase price of $39.5 million. This acquisition is expected to enhance Asure's capabilities in timekeeping systems. Additionally, Asure completed seven customer relationship asset acquisitions during the year, totaling $20.5 million. These strategic moves are part of Asure's ongoing efforts to expand its product offerings and market presence.
Asure's customer base exceeded 100,000 clients, with approximately 35% being direct clients and the remainder served through Reseller Partners. The company has also reported an increase in its employee headcount, reaching 641 employees as of December 31, 2025. The growth in customer numbers and employee count indicates a positive trend in engagement and operational capacity, which is essential for supporting the company's expanding service offerings.
Looking ahead, Asure plans to continue investing in research and development to enhance its product suite and leverage emerging technologies such as artificial intelligence and robotic process automation. The company aims to improve its operational efficiency and expand its market share in the competitive Human Capital Management (HCM) sector. However, Asure also faces challenges, including the need to manage its operating expenses effectively and navigate the complexities of regulatory compliance in the HCM industry. The company remains committed to achieving profitability while addressing these operational and market challenges.
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.
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