Asure Software Q2 revenue slightly beats estimates on the back of broad-based contributions

Asure Software

30/07/2026 21:14

Overview
US HCM software firm's Q2 revenue rose 23% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations
Company expanded partnership with FRPG Restaurant Rewards to boost distribution in restaurant segment

Outlook
Asure Software sees Q3 2026 revenue between $38 mln and $40 mln
Company expects FY 2026 revenue between $159 mln and $163 mln
Asure Software expects FY 2026 adjusted EBITDA margin of 24%-25%

Result Drivers
BROAD-BASED GROWTH - Co said revenue growth was driven by broad-based contributions across business lines and improved organic growth
HIGHER PRODUCT ATTACH RATES - Co said improving attach rates with its products contributed to results
EXPANDED PARTNERSHIP - Co highlighted expanded partnership with FRPG Restaurant Rewards as expected to strengthen distribution in the independent restaurant segment

Company press release: ID:nGNX2NWddT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$37.10 mln
$36.96 mln (8 Analysts)
Q2 Net Loss
 
$4.40 mln
 
Q2 Adjusted EBITDA
Beat
$7.70 mln
$6.92 mln (8 Analysts)
Q2 Adjusted Gross Profit
 
$27.10 mln
 
Q2 EBITDA
 
$4.60 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Asure Software Inc is $13.00, about 54% above its July 29 closing price of $8.44
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
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July 29 - ADP tops fourth-quarter revenue estimates on payroll software demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)