Asure Software Inc
ASUR—
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Asure Software Inc AI Insights
Informational only. Not investment advice.Snapshot
- Intangibles of 208M represent 108% of equity - tangible book value is NEGATIVE (-14.9M), creating material impairment risk[Goodwill and Other Intangible Assets]
- CapEx of 37.2M TTM (28% of revenue) vs industry median 5.1M - heavy investment phase burning FCF (-16.5M)[Capital Expenditure TTM]
- Gross margin 67% TTM vs industry median 51% - strong unit economics despite operating losses (-9.6% margin)[Gross Margin TTM]
Watch Triggers
- Capital Expenditure TTM: Drops below 15M annually — Would flip FCF positive given 20.7M operating cash flow - key inflection signal
- Operating Income TTM: Turns positive — Validates operating leverage thesis and path to sustainable profitability
- Goodwill and Other Intangible Assets: Any impairment charge announced — Would wipe out remaining equity given negative tangible book value
Bull Case
67% gross margin with 132M revenue provides path to profitability - operating leverage kicks in if CapEx normalizes to industry levels
Gross Margin TTMOperating Cash Flow TTM
P/S of 1.9x vs industry median 2.7x offers discount despite superior gross margins, pricing in current losses
P/S RatioGross Margin TTM
Bear Case
Negative tangible equity (-14.9M) with 77M debt - goodwill impairment would devastate balance sheet and equity value
Tangible Book ValueGoodwill and Other Intangible AssetsTotal Debt
Sustained operating losses (-12.7M TTM) with ROE of -8.7% and ROIC of -7.1% - destroying shareholder value currently
Operating Income TTMROE TTMROIC TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
CapEx-heavy investment phase should normalize, potentially flipping FCF positive within 12-18 months
1-3ylow
- Operating cash flow positive at 20.7M TTM
- CapEx at 7x industry median unsustainable
- Gross margins support profitability at scale
CFO of 20.7M vs FCF of -16.5M TTMCapEx 37.2M vs median 5.1M67% gross margin provides cushion
Valuation Context
Caveats
ASUR Fundamentals
Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$252.11M | — | ||
$308.48M | — | ||
0.00 | — | ||
$148.44M | +20.7% | — | |
$-0.37 | — | ||
-2.74% | +7.3% | — | |
-6.81% | +4.5% | — | |
$-6.12M | — | ||
-5.08% | +1.9% | — | |
Beta 5Y (Monthly) | unknown | — |
ASUR Dividend History
No dividends
ASUR Stock Splits
2 stock splits
05/01/120.666667:1 split
12/29/0910:1 split
ASUR SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/30/26 | 03/31/26 | 10-Q | |
02/26/26 | 12/31/25 | Unknown | |
10/30/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
03/06/25 | 12/31/24 | Unknown | |
10/31/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/26/24 | 12/31/23 | 10-K | |
11/13/23 | 09/30/23 | 10-Q | |
08/07/23 | 06/30/23 | 10-Q | |
05/08/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/07/22 | 09/30/22 | 10-Q | |
08/08/22 | 06/30/22 | 10-Q | |
05/09/22 | 03/31/22 | 10-Q | |
03/14/22 | 12/31/21 | 10-K | |
11/08/21 | 09/30/21 | 10-Q | |
08/09/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
03/11/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
03/16/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
03/19/19 | 12/31/18 | 10-K | |
11/09/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
03/16/18 | 12/31/17 | 10-K | |
11/13/17 | 09/30/17 | 10-Q | |
08/14/17 | 06/30/17 | 10-Q | |
05/11/17 | 03/31/17 | 10-Q | |
03/20/17 | 12/31/16 | 10-K | |
11/14/16 | 09/30/16 | 10-Q | |
08/15/16 | 06/30/16 | 10-Q | |
05/12/16 | 03/31/16 | 10-Q | |
03/30/16 | 12/31/15 | 10-K | |
11/16/15 | 09/30/15 | 10-Q | |
08/12/15 | 06/30/15 | 10-Q | |
05/13/15 | 03/31/15 | 10-Q | |
03/27/15 | 12/31/14 | 10-K | |
11/12/14 | 09/30/14 | 10-Q | |
08/13/14 | 06/30/14 | 10-Q | |
05/14/14 | 03/31/14 | 10-Q | |
03/27/14 | 12/31/13 | 10-K | |
11/13/13 | 09/30/13 | 10-Q | |
08/14/13 | 06/30/13 | 10-Q | |
05/15/13 | 03/31/13 | 10-Q | |
04/01/13 | 12/31/12 | 10-K | |
11/19/12 | 09/30/12 | 10-Q | |
08/14/12 | 06/30/12 | 10-Q | |
05/15/12 | 03/31/12 | 10-Q | |
03/30/12 | 12/31/11 | 10-K | |
11/14/11 | 09/30/11 | 10-Q | |
08/11/11 | 06/30/11 | 10-Q | |
05/13/11 | 03/31/11 | 10-Q | |
03/31/11 | 12/31/10 | 10-K | |
11/10/10 | 09/30/10 | 10-Q | |
08/12/10 | 06/30/10 | 10-Q | |
05/17/10 | 03/31/10 | 10-Q | |
12/15/09 | 10/30/09 | 10-Q | |
11/06/09 | 07/31/09 | 10-K | |
06/15/09 | 04/30/09 | 10-Q | |
03/13/09 | 01/28/09 | 10-Q | |
12/15/08 | 10/30/08 | Unknown | -- |
11/06/08 | 07/31/08 | NT 10-K | |
06/16/08 | 04/30/08 | 10-Q | |
03/17/08 | 01/29/08 | Unknown | -- |
12/17/07 | 10/30/07 | Unknown | -- |
10/29/07 | 07/31/07 | 10-K | |
06/14/07 | 04/30/07 | 10-Q | |
03/14/07 | 01/28/07 | Unknown | -- |
12/15/06 | 10/30/06 | Unknown | -- |
10/30/06 | 07/31/06 | 10-K | |
06/14/06 | 04/30/06 | 10-Q | |
03/14/06 | 01/28/06 | Unknown | -- |
12/14/05 | 10/30/05 | Unknown | -- |
10/31/05 | 07/31/05 | 10-K | |
06/14/05 | 04/30/05 | 10-Q | |
03/15/05 | 01/28/05 | Unknown | -- |
12/15/04 | 10/30/04 | Unknown | -- |
10/29/04 | 07/31/04 | 10-K | |
06/14/04 | 04/30/04 | 10-Q | |
03/16/04 | 01/29/04 | Unknown | -- |
12/15/03 | 10/30/03 | Unknown | -- |
10/29/03 | 07/31/03 | 10-K | |
06/16/03 | 04/30/03 | 10-Q | |
03/17/03 | 01/28/03 | Unknown | -- |
12/16/02 | 10/30/02 | Unknown | -- |
10/29/02 | 07/31/02 | 10-K | |
06/17/02 | 04/30/02 | NT 10-Q | |
03/14/02 | 01/28/02 | Unknown | -- |
12/14/01 | 10/30/01 | Unknown | -- |
10/29/01 | 07/31/01 | 10-K | |
06/15/01 | 04/30/01 | 10-Q | |
03/19/01 | 01/28/01 | Unknown | -- |
12/15/00 | 10/30/00 | Unknown | -- |
10/30/00 | 07/31/00 | 10-K | |
06/14/00 | 04/30/00 | 10-Q | |
03/15/00 | 01/29/00 | Unknown | -- |