Company Analysis

Asure Software, Inc (ASUR)

Nasdaq: ASUR · Services-Computer Integrated Systems Design · Austin, TX · filing with the SEC since 1996
Grade5.2
◀ Past 4.5● Present 6.1▶ Future 4.9
1 est.

The grade of Asure Software, Inc

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past4.540% of the headline
● Present6.135% of the headline
▶ Future4.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.5/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.6/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2025-04-16.

weight 33% of this tense · 36th percentile among 45 sector filers · read for itself

From the record

Asure Software, Inc's filings since 2017 show 3 warning events of 3 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2020-07-13); an auditor change (8-K item 4.01, the latest 2025-04-16); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-03-19) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.9/10

What has it actually done, year after year?

+13.4% a year over 6 filed years; profitable in 2 of 6.

weight 45% of this tense · 59th percentile among 38 sector filers · read for its customers

From the record

Asure Software, Inc's 6 filed years say what it did: revenue went from $64 million in fiscal 2018 to $119 million in fiscal 2023, up 13.4% a year; it rose in 4 of 5 years; the deepest fall was 10% from fiscal 2019 to fiscal 2020; net income was positive in 2 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span13.4%top 34% of its family
  • the share of years revenue rosetop 43% of its family
  • the share of filed years with a profittop 42% of its family
  • the deepest fall from a revenue peak10.4%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.3/10

How has it treated the people who own it?

Share count grew 10.9% a year. 0% of cash flow returned. Insiders: 2 sales, 0 purchases.

weight 22% of this tense · 33rd percentile among 22 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Asure Software, Inc's diluted share count grew about 10.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-11-03 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 47% of its family
  • cash returned against operating cash flowbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE -7%: lost 7¢ per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 33% of this tense · 43rd percentile among 41 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Asure Software, Inc lost about 7 cents for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count grew 5.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 49% of its family
  • return on equitytop 50% of its family
  • gross profit against assetsbottom 34% of its family
  • the share count against the year beforebottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 40 in its family; net margin -7.7%.

weight 45% of this tense · 61st percentile among 40 sector filers · read for its customers

From the record

Asure Software, Inc's standing among 40 graded names in its industry family: revenue of $119 million in fiscal 2023 ranks in the bottom 43% by size; a net margin of -7.7% ranks in the top 44%; revenue growth of 22.1% a year over the last 3 filed years ranks in the top 16% (its annual reports).

What it rests on

  • revenue against the family$119Mbottom 43% of its family
  • net margin-7.7%top 44% of its family
  • three-year revenue growth22.1%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.6/10

What are the people in charge doing?

top 14% of 26 in its family for leadership; chief executive since 2009.

weight 22% of this tense · 86th percentile among 26 sector filers · read for its shareholders

From the record

Asure Software, Inc's leadership, from its insiders' filings and its current reports: the chief executive on the record is Goepel, Patrick (Chairman & CEO, as filed), filing under that title since 2009-10-29, 17 years (top 9% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 6.6 years (top 30%); no officer or director change was reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge0 in three years among 9 peopletop 3% of its family
  • the median years the people in charge have filed6.6 yearstop 30% of its family
  • the chief executive's years on the record17.0 yearstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
2.8/10

How much room does it have to grow?

SI estimate 2.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 28th percentile among 42 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 28% of 42 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 42 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Asure Software, Inc's room to expand is put at 2.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 28% of 42 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
5.7/10

What could actually drive growth from here?

top 43% of 38 in its family for growth drivers.

weight 45% of this tense · 57th percentile among 38 sector filers · read for its customers

From the record

Asure Software, Inc's growth drivers, from the filed years to fiscal 2023: revenue grew 22.1% a year over the last three filed years against 13.4% over all 6, speeding up (top 4% of its family); the newest year grew 24.3% (top 23%); research spending grew -3.1% a year (bottom 33%); capital spending grew -30.2% a year (bottom 21%) (its annual reports). Asure Software, Inc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+8.7 points a yeartop 4% of its family
  • the newest year's revenue growth24.3%top 23% of its family
  • three-year growth of research spending-3.1%bottom 33% of its family
  • three-year growth of capital spending-30.2%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 32 in its family for expectations against reality.

weight 33% of this tense · 52nd percentile among 32 sector filers · read for its shareholders

From the record

Asure Software, Inc's newest year against its own record: revenue of $119 million in fiscal 2023 came in 2.7% above the $116 million its prior three years' pace pointed to (top 39% of its family); net income of $9 million against a prior three-year average of $9 million (bottom 41%); a net margin of -7.7% against -11.9% before (top 45%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.7%top 39% of its family
  • net income against the prior three years' average-0%bottom 41% of its family
  • net margin against its prior average+4.2 pointstop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ASUR · research, not advice