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GlobeNewswire·

Asure Announces Second Quarter 2026 Results

ASUR
  • Asure Software reported second quarter 2026 revenue of $37.1 million, a 23% increase from the prior year period.
  • Recurring revenue for the quarter reached $34.0 million, representing a 19% year-over-year growth.
  • The company recorded a net loss of $4.4 million for the quarter, an improvement from the $6.1 million loss in the same period last year.
  • EBITDA for the second quarter was $4.6 million compared to $1.4 million previously, while adjusted EBITDA rose to $7.7 million from $5.2 million.
  • First half 2026 total revenue was $79.9 million, up 23% from the prior year, with recurring revenue at $71.7 million, up 16%.
  • The first half net loss narrowed to $3.8 million from $8.5 million in the prior year period, with EBITDA increasing to $14.0 million.
  • Asure announced an expansion of its partnership with Foodservice Restaurant Partners Group to strengthen distribution across 20 states and 3,000 members.
  • Management guidance for the third quarter of 2026 forecasts revenue between $38.0 million and $40.0 million.
  • Full year 2026 revenue guidance is set at $159.0 million to $163.0 million, with adjusted EBITDA margins projected between 24% and 25%.
  • CEO Pat Goepel cited improved organic growth, higher gross margins, and positive trends for the AsureWorks™ product launch as key drivers for the quarter.
  • The company plans to focus on increasing product attach rates, advancing AI capabilities, and enhancing sales efforts during the second half of 2026.
  • A conference call with management is scheduled for July 30, 2026, at 3:30 pm Central time to discuss results.
  • Balance sheet data shows total assets of $477.9 million as of June 30, 2026, with cash and cash equivalents at $19.7 million.
  • Non-GAAP gross profit margin for the second quarter was 73%, consistent with the prior year's margin.
  • The company excluded share-based compensation, amortization, depreciation, and one-time expenses from its non-GAAP and adjusted financial measures.