Key Highlights

  • Second-quarter 2026 Revenue was $37.1 million, up 23 per cent, with Recurring Revenue of $34.0 million.
  • Adjusted EBITDA was $7.7 million, a Margin of 20.9 per cent compared with 17.4 per cent a year earlier.
  • Full-year 2026 guidance is revenue of $159.0 million to $163.0 million and an adjusted EBITDA margin of 24 to 25 per cent.

The latest results

Asure Software (NASDAQ:ASUR), the provider of Human Capital management software covering payroll, tax and workforce tools, released second-quarter 2026 results on 30 July 2026. No third-quarter results or release date had been announced at the time of writing, so the second-quarter figures are the latest available.

Revenue for the quarter ended 30 June 2026 was $37.1 million, up 23 per cent from $30.1 million a year earlier. Recurring revenue was $34.0 million, up 19 per cent from $28.6 million, which represented about 92 per cent of total revenue.

Profitability

The company recorded a GAAP net loss of $4.4 million, or $0.15 per basic and diluted share, narrower than the $6.1 million loss, or $0.22 per share, in the second quarter of 2025.

Adjusted EBITDA, a non-GAAP measure, was $7.7 million compared with $5.2 million, lifting the margin to 20.9 per cent from 17.4 per cent. The gap between a net loss and positive adjusted EBITDA is substantial, and the company's reconciliation shows which costs are excluded.

Revenue rose by $7.0 million over the year while adjusted EBITDA rose by $2.5 million and the net loss narrowed by $1.7 million. About 36 per cent of the additional revenue therefore reached adjusted EBITDA, a share above the quarter's overall margin, which points to Operating Leverage on a non-GAAP basis.

Balance sheet

Cash and cash equivalents were $19.7 million at 30 June 2026. Separately, funds held for clients totalled $178.9 million; these are reported separately from corporate cash.

Total notes payable were $68.9 million, of which $6.7 million was current and $62.2 million non-current. Debt exceeded corporate cash by about $49.2 million, though the release does not state net leverage.

Guidance

For the third quarter, management guided to revenue of $38.0 million to $40.0 million and adjusted EBITDA of $8.0 million to $10.0 million. For the full year 2026, it expects revenue of $159.0 million to $163.0 million and an adjusted EBITDA margin of 24 to 25 per cent. No non-GAAP Earnings Per Share guidance was provided.

Guidance is a forecast rather than a result. Chairman and chief executive Pat Goepel said the company was pleased to deliver another quarter of revenue growth and believed it was well placed to achieve its growth and profitability goals for 2026.

The full-year margin target is notably higher than the 20.9 per cent achieved in the second quarter, so the second half would need a higher margin to reach the guided range.

Partnership news and what to watch

The company also said it had expanded its Partnership with Foodservice Restaurant Partners Group, a large group purchasing organisation serving independent restaurant operators, with a network spanning 20 states and 3,000 members, through its Restaurant Rewards programme. The release does not quantify any revenue effect.

Readers may wish to watch whether third-quarter revenue falls within the $38.0 million to $40.0 million range, whether adjusted EBITDA reaches the guided band, and how the debt balance and net loss develop, plus the full-year margin target range of 24 to 25 per cent.