Asure Software, Inc.
Rank #357ASUR · Nasdaq · Technology
Asure Software, Inc. (ASUR) — Rank #357 by gross profitability (GP/assets 0.20) · ROE -6.6% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000884144 · all metrics point-in-time as of the filing date.
About
Asure Software, Inc. engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States.
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It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build a productive workforce to help them stay compliant and allocate resources to grow their business. The company offers a comprehensive suite of HCM tools through its Asure HCM platform, which includes payroll and tax filing, HR management tools, time and attendance software, recruiting, and benefits administration. It provides technology-enabled services such as AsureMarketplace, facilitating automated data exchange with third-party providers; HR compliance services; AsurePay, a payroll card solution; and insurance brokerage services for benefits management. The company also offers payroll processing and compliance; offers payroll calculation and processing services, including wage and overtime calculations, garnishments, direct deposit processing, and related payroll administration; HR compliance and workforce management; time and attendance solutions; applicant tracking and recruiting tools; insurance brokerage and benefits administration, retirement plan administration; tax management solutions; payroll tax processing platforms; outsourced payroll tax services; and treasury and funds management services. The company delivers its products directly and through a national network of reseller partners and referral partners. Asure Software, Inc. was formerly known as Forgent Networks Inc. and changed its name to Asure Software, Inc. in September 2007. Asure Software, Inc.
was incorporated in 1985 and is headquartered in Austin, Texas.
- Industry
- Software - Application
- Sector
- Technology
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- asuresoftware.com
Price History
Company Snapshot
Market Cap
$242.88M
P/E (annual)
—
P/S (annual)
—
P/B
1.2
P/OCF (annual)
10.9
Shareholder Yield
—
Employees
627
Industry
Software - Application
Exchange
Nasdaq
Quality Profile
Profitability
Safety
1/1 passCash Flow
2/2 passGrowth
Terry Smith quality gate
N/A5 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-0.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
vs. own 6-year median revenue growth: 29.8%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-4.6%
r = 10% (base)
-0.8%
r = 12%
2.5%
Net debt / market cap: 12.3%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Profitability
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
7th of 8 SIC 7373 peers
Return on equity
-6.6%
Gross margin
—
Revenue growth (YoY)
—
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.42
7th of 8 SIC 7373 peers (best = lowest)
Current ratio
1.06×
8th of 8 SIC 7373 peers
Quick ratio
0.26×
Net cash
-$28.38M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$21.43M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
2.63
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
—
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 0/9 components determinable.