Earnings Releases·Oct 29, 2026, 4:22 PM ET

Asure Software — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $40.0 million (up 10% YoY) with recurring revenue at $36.9 million (up 16% YoY); net loss narrowed to $0.6 million from $5.4 million in the prior year, while adjusted EBITDA rose to $10.5 million from $8.1 million.
Management provided full-year 2026 revenue guidance of $162.0–$164.0 million and adjusted EBITDA of $40.0–$42.0 million, alongside 2027 revenue guidance of $183.0–$187.0 million and an adjusted EBITDA margin target of 26%–28%.
Strategic expansion includes a completed $26.5 million acquisition of a southeastern U.S. payroll processor in October 2026, new distribution partnerships with Oracle and AWS, and the launch of the AsureCentral® reseller platform.
Capital structure was optimized via a new $115.0 million credit agreement with MUFG Bank, generating $85.0 million in proceeds used to fully repay the existing MidCap Financial Trust facility, while total debt decreased to $64.7 million from $67.6 million at year-end 2025.