Asure Software Earnings: Rapid Growth and Rising Profitability

Asure Software, Inc. Reported its first quarter 2026 financial results on April 30, 2026, signaling a shift toward simultaneous growth and profitability for the cloud-based Human Capital Management (HCM) provider.

The Austin, Texas-based company reported revenue of $42.8 million for the quarter ended March 31, 2026, representing a 23% increase from the $34.9 million recorded in the same period the previous year. Recurring revenue also saw an uptick, rising to $37.8 million from $33.2 million year over year, a 14% increase.

The financial results mark a transition into profitability at the net income level. Asure reported a net income of $0.6 million, contrasting with a net loss of $2.4 million in the first quarter of the prior year. Adjusted EBITDA grew 69% to $12.3 million, up from $7.3 million in the previous year’s first quarter.

Margin Expansion and Operational Shifts

Profitability gains were accompanied by margin improvements. The company’s non-GAAP gross profit rose to $32.3 million, reflecting a 76% margin, compared to a 75% margin and $26.3 million in gross profit during the first quarter of the prior year. Gross profit stood at $30.5 million, up from $24.6 million.

Management attributed these gains to strategic investments in the company’s platform and go-to-market strategies. Pat Goepel, Chairman and CEO of Asure, stated that the results represent the strongest start to a year in Asure’s recent history.

We believe this quarter demonstrates that our business is reaching an inflection point where growth and profitability are advancing together.

Pat Goepel, Chairman and CEO of Asure Software

To support this growth phase, Asure announced the appointment of Tiffany Mortimer as Chief Transformation & People Officer. Mortimer joins the company with 15 years of experience in people strategy and operational execution at high-growth SaaS companies.

AI Integration and Future Guidance

Asure is currently focusing on advancing its AI capabilities to improve client experiences and reduce the cost of service. These efforts are being paired with the continued rollout and customer adoption of Asure Central™.

The company provided the following guidance for the remainder of 2026:

• Second Quarter 2026 Revenue: Projected between $36.0 million and $38.0 million.
• Full Year 2026 Revenue: Projected between $159.0 million and $163.0 million.
• Full Year 2026 Adjusted EBITDA: Projected to be between 23% and 25%.

The company expects that the expansion of sales and marketing efforts, alongside AI enhancements, will sustain its current growth trajectory and help the firm meet its full-year revenue and profitability targets.