Recent Updates — ASUR
Asure Software reported third-quarter revenue of $40.0 million, a 10% increase year-over-year, with recurring revenue rising 16% to $36.9 million. The company posted a net loss of $0.6 million and adjusted EBITDA of $10.5 million, both significant improvements over prior-year figures. Management provided full-year 2027 revenue guidance of $183.0 million to $187.0 million and adjusted EBITDA margins of 26% to 28%. The filing also notes the completion of a $26.5 million acquisition in the southeastern U.S. and a new credit agreement providing up to $115.0 million in borrowings. Asure Software provides cloud-based Human Capital Management software solutions.
Asure Software entered into a credit agreement with MUFG Bank, drawing an initial $85 million term loan from a new $115 million senior credit facility. The company used the proceeds to pay off approximately $62.6 million in outstanding obligations under its previous MidCap Financial debt and to fund the acquisition of certain assets from SEUS Seller for $26.5 million, paid via cash, a promissory note, and 1,206,141 shares valued at $8.29 per share. The new facility includes a $10 million revolving credit line and a $20 million delayed-draw term loan, with the initial loan maturing on October 15, 2031. Asure Software provides payroll tax management and benefits administration services.
Asure Software reported second quarter 2026 revenue of $37.1 million, a 23% increase year-over-year, with recurring revenue reaching $34.0 million (up 19%). The company posted a net loss of $4.4 million compared to $6.1 million in the prior year period, while Adjusted EBITDA improved to $7.7 million from $5.2 million. Asure provided full-year 2026 revenue guidance between $159.0 million and $163.0 million and Q3 revenue guidance of $38.0 million to $40.0 million. The company also announced an expanded partnership with Foodservice Restaurant Partners Group to strengthen distribution within its network of 3,000 members across 20 states. Asure Software operates in the technology industry, providing cloud-based Human Capital Management software solutions.