Asure Software (ASUR) financial statements
Net income was -$13M.
Free cash flow was $8M.
The diluted share count rose 320% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Asure Software's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36M | $54M | $64M | $73M | $66M | $76M | $96M | $119M | — | — |
| Cost of revenue | $8M | $13M | $24M | $30M | $27M | $30M | $33M | $34M | $38M | $46M |
| Gross profit | $27M | $42M | $40M | $43M | $38M | $47M | $63M | $86M | $82M | $95M |
| Research and development | $3M | $4M | $6M | $5M | $6M | $5M | $6M | $7M | $8M | $6M |
| Selling, general and admin | $21M | $34M | $37M | $42M | $36M | $43M | $54M | $68M | $69M | $79M |
| Operating income | $1M | -$1M | -$11M | -$50M | -$15M | -$13M | -$11M | -$3M | -$11M | -$8M |
| Interest expense | $2M | $5M | $9M | $16M | $2M | — | — | $6M | $1M | $5M |
| Pre-tax income | -$783,000 | -$6M | -$19M | -$66M | -$16M | $4M | -$14M | -$9M | -$11M | -$12M |
| Income tax | $189,000 | $96,000 | -$8M | -$24M | $337,000 | $802,000 | $112,000 | $109,000 | $933,000 | $652,000 |
| Net income | -$972,000 | -$6M | -$8M | $30M | -$16M | $3M | -$14M | -$9M | -$12M | -$13M |
| EPS (diluted) | -$0.15 | -$0.53 | -$0.54 | $1.93 | -$1.03 | $0.16 | -$0.72 | -$0.42 | -$0.45 | -$0.48 |
| Diluted shares | 7M | 11M | 14M | 16M | 16M | 20M | 20M | 22M | 26M | 27M |
| Gross margin | 77.2% | 76.8% | 62.1% | 59.2% | 58.2% | 61.2% | 65.2% | 71.8% | — | — |
| Operating margin | 3.5% | -1.8% | -16.9% | -68.9% | -22.7% | -17.0% | -11.8% | -2.5% | — | — |
| Net margin | -2.7% | -10.5% | -11.9% | 41.0% | -24.9% | 4.2% | -15.1% | -7.7% | — | — |
Balance sheet
Fiscal years, from Asure Software's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $13M | $28M | $15M | $29M | $33M | $19M | $26M | $40M | $27M | $38M |
| Receivables | $8M | $13M | $5M | $5M | $4M | $5M | $12M | $14M | $18M | $16M |
| Inventory | $487,000 | $509,000 | $1M | $656,000 | $449,000 | $246,000 | $251,000 | $155,000 | $195,000 | $3M |
| Total current assets | $46M | $87M | $160M | $169M | $357M | $250M | $243M | $267M | $237M | $278M |
| Property, plant and equipment | $2M | $5M | $6M | $8M | $8M | $9M | $11M | $15M | $20M | $28M |
| Goodwill | $26M | $67M | $99M | $69M | $74M | $86M | $86M | $86M | $95M | $116M |
| Total assets | $86M | $203M | $361M | $320M | $514M | $433M | $420M | $444M | $437M | $531M |
| Total current liabilities | $41M | $70M | $148M | $152M | $349M | $233M | $235M | $241M | $224M | $260M |
| Long-term debt | $25M | $67M | $107M | $24M | $12M | $33M | $31M | $4M | $6M | $63M |
| Total liabilities | $68M | $140M | $259M | $182M | $368M | $275M | $275M | $252M | $239M | $334M |
| Shareholders' equity | $18M | $64M | $103M | $138M | $146M | $158M | $145M | $192M | $197M | $198M |
| Net debt | $17M | $48M | $96M | -$2M | -$4M | $22M | $18M | -$26M | -$9M | $42M |
Cash flow
Fiscal years, from Asure Software's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$36,000 | -$7M | -$4M | $2M | $1M | $14M | $19M | $9M | $22M |
| Capital spending | $436,000 | $3M | $6M | $5M | $4M | $4M | $7M | $9M | $11M | $15M |
| Free cash flow | -$2M | -$3M | -$13M | -$9M | -$1M | -$3M | $7M | $10M | -$1M | $8M |
| Stock-based compensation | $226,000 | $593,000 | $2M | $2M | $2M | $3M | $3M | $5M | $6M | $8M |
| Share buybacks (net) | -$5M | -$5M | — | -$5M | — | — | — | — | — | — |
| Free cash flow margin | -6.9% | -5.7% | -20.3% | -12.2% | -2.1% | -3.8% | 7.4% | 8.6% | — | — |
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Open ASUR in InvestinglyQuestions
How much free cash flow does Asure Software generate?
$8M in fiscal 2025 (operating cash flow minus capital spending).
From Asure Software's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.