Asure Software Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 23% revenue growth and a 69% jump in adjusted EBITDA, driven by strong platform adoption, improved attach rates, and AI-enabled efficiency. Full-year guidance was raised, with recurring revenue and margins expected to expand further.
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The discussion highlighted how AI, particularly through the Luna agent, is transforming enterprise software by automating workflows, enhancing compliance, and driving operating leverage. Regulatory and operational infrastructure are key differentiators, positioning the company for accelerated growth and improved margins as AI adoption deepens.
Fiscal Year 2025
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Revenue grew 17% in 2025 to $140.5M, with Q4 organic growth accelerating to 10%. AI-driven efficiency, new managed services, and the Lathem acquisition boosted results. 2026 guidance was raised, targeting $159–$162M revenue and double-digit organic growth.
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Q3 2025 revenue grew 24% year-over-year to $36.3M, with strong organic growth and improved cross-sell rates. The Lathem Time acquisition and launch of Asure Central are expected to drive further growth, with 2026 guidance projecting $158–$162M in revenue and higher margins.
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Q2 2025 revenue grew 7% year-over-year to $30.1M, with strong performance in payroll tax management and a record $82M backlog. The Latham Time acquisition is expected to drive future cross-sell and attach rate growth, while 2025 guidance was raised to $138–$142M revenue.
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Q1 2025 revenue grew 10% year-over-year to $34.9M, with recurring revenue at 95% and a 339% increase in contracted backlog. Full-year guidance is $134–$138M revenue and 23–24% adjusted EBITDA margin, with growth expected to accelerate in the second half.
Fiscal Year 2024
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2024 saw strong recurring revenue growth, expanded product offerings, and major enterprise wins. 2025 guidance projects mid-teens revenue growth and higher EBITDA margins, with continued focus on cross-sell, client acquisition, and scaling through potential credit facility funding.
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Q3 2024 saw flat total revenue but 20% growth in recurring revenue, now 98% of the mix. Bookings and backlog surged, but net loss widened and margins declined due to timing of large deals and new product adoption. 2025 guidance targets double-digit growth and margin expansion.
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Q2 2024 saw 18% recurring revenue growth and strong demand, with 96% of revenue now recurring. Updated 2024 guidance projects $123–$129 million in revenue and 20–21% adjusted EBITDA margin, as acquisitions and enterprise deals drive momentum.