ASURE SOFTWARE INC reported second-quarter 2026 results with revenue of $37.1M, up from $30.1M a year earlier, while the company narrowed its net loss to $4.443M and posted diluted EPS of $(0.15), an improvement versus $(0.22) in Q2 2025.
Financial Highlights
- Revenue: $37.1M for Q2 2026, compared with $30.1M in Q2 2025 (23% YoY).
- Net income: Net loss $4.443M for Q2 2026, improved from net loss $6.123M in Q2 2025.
- Diluted EPS: $(0.15) for Q2 2026, compared with $(0.22) in Q2 2025.
Business Highlights
- Recurring revenue growth: Recurring revenue rose 16% year-to-date and 19% in Q2, driven primarily by expansion of the time & attendance solution.
- Channel mix shift: Increased hardware sales led to a 155% year-to-date rise in professional services and hardware revenue.
- Customer and go-to-market: Serving more than 100,000 U.S. clients with roughly 35% served directly and expanded reseller partnerships.
- Margins and efficiency: Gross margin improved to 70% year-to-date, reflecting a scalable SaaS mix and growth in time & attendance offerings.
- R&D and product: Continued investment in R&D with software capitalization and ongoing product enhancements supporting momentum.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.