Quality Investor

Asure Software, Inc.

Rank #338WatchlistCompare with other stocks

ASUR · Nasdaq · Technology

Asure Software, Inc. (ASUR) — Rank #338 by gross profitability (GP/assets 0.20) · ROE -6.6% · Piotroski F-Score N/A.

As-of 2026-10-30 · 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

Company Snapshot

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

627

Industry

Software - Application

Exchange

Nasdaq

3/3

Flags passed

ASUR passes 3/3 quality flags

  • PASS
    FCF not negative from investment
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate

No data Gross margin · Dilution · Disclosure · Revenue · Operating margin · Balance sheet · Competitive position · SBC and margin · Valuation — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

GP / assets
0.20
Return on equity
-6.6%
Gross margin trend
N/A

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.42
Current ratio
1.06×
Net cash
-$28.38M

Cash Flow

2/2 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
N/A
SBC / revenue
—

Growth

Revenue growth
—
Piotroski F-Score
N/A
Share dilution
—

Profitability

Does it make money well?

No warning flags · GP/assets 0.20

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.

N/A

Operating Leverage

2020202120222023
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Cash Flow Health

Is the cash real?

No warning flags · FCF 263% above net income

Free cash flow

$21.43M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

263.3%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

N/A

SBC / revenue

—

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $28.38M

Balance-sheet safety

Composite anti-fragile check.

PASS

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.

Piotroski F-Score

N/A

Only 0/9 components determinable.

Valuation

Is the price reasonable?

No data

Capital allocation quality

Composite score

2.7 / 5

Fair
Share count trend
N/A0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
10.1%5/5 Strong

Lifecycle Phase History

20182023
Hypergrowth
Decline
Op. Leverage

Price History

ASUR-0.7% · -0.1% CAGRSPY+82.9% · +12.8% CAGR