Asure Software Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	132.02	119.79	119.08	95.83	76.06	65.51
Revenue	132.02	119.79	119.08	95.83	76.06	65.51
Revenue Growth (YoY)	14.54%	0.60%	24.27%	25.98%	16.12%	-10.45%
Cost of Revenue	43.43	37.69	33.55	33.32	29.5	27.41
Gross Profit	88.59	82.11	85.54	62.51	46.56	38.09
Selling, General & Admin	76.99	68.82	68.07	54.18	43.17	37.48
Research & Development	6.58	7.81	6.85	6.15	5.41	5.96
Amortization of Goodwill & Intangibles	17.68	16.22	13.62	13.49	10.95	9.55
Operating Expenses	101.25	92.84	88.54	73.82	59.53	52.98
Operating Income	-12.66	-10.74	-3	-11.31	-12.96	-14.89
Interest Expense	-3.59	-1.02	-5.64	-4.44	-2.04	-1.22
Interest & Investment Income	0.85	0.91	1.34	-	-	-
Other Non Operating Income (Expenses)	0.31	0.01	-	0.15	0.15	-
EBT Excluding Unusual Items	-15.09	-10.84	-7.3	-15.6	-14.85	-16.11
Gain (Loss) on Sale of Assets	-	-	-0.29	-	-	-
Other Unusual Items	-	-	-1.52	1.25	18.85	0.14
Pretax Income	-15.09	-10.84	-9.11	-14.35	4	-15.97
Income Tax Expense	2	0.93	0.11	0.11	0.8	0.34
Earnings From Continuing Operations	-17.09	-11.77	-9.21	-14.47	3.19	-16.31
Net Income	-17.09	-11.77	-9.21	-14.47	3.19	-16.31
Net Income to Common	-17.09	-11.77	-9.21	-14.47	3.19	-16.31
Shares Outstanding (Basic)	27	26	22	20	19	16
Shares Outstanding (Diluted)	27	26	22	20	20	16
Shares Change (YoY)	5.68%	17.69%	10.05%	3.12%	22.62%	2.57%
EPS (Basic)	-0.63	-0.45	-0.42	-0.72	0.17	-1.03
EPS (Diluted)	-0.63	-0.45	-0.42	-0.72	0.16	-1.03
Free Cash Flow	20.05	8.7	17.32	11.36	1.25	1.38
Free Cash Flow Per Share	0.74	0.33	0.78	0.56	0.06	0.09
Gross Margin	67.10%	68.54%	71.83%	65.23%	61.22%	58.15%
Operating Margin	-9.59%	-8.96%	-2.52%	-11.80%	-17.04%	-22.73%
Profit Margin	-12.94%	-9.83%	-7.74%	-15.10%	4.20%	-24.90%
Free Cash Flow Margin	15.18%	7.26%	14.54%	11.85%	1.64%	2.10%
EBITDA	12.62	11.41	16.14	7.4	3.28	-0.23
EBITDA Margin	9.56%	9.52%	13.55%	7.72%	4.32%	-0.36%
D&A For EBITDA	25.28	22.14	19.14	18.71	16.25	14.66
EBIT	-12.66	-10.74	-3	-11.31	-12.96	-14.89
EBIT Margin	-9.59%	-8.96%	-2.52%	-11.80%	-17.04%	-22.73%
Effective Tax Rate	-	-	-	-	20.08%	-
Revenue as Reported	132.02	119.79	119.08	95.83	76.06	65.51
Advertising Expenses	-	1.99	1.79	1.06	0.11	0.03

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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