Company Sees FY26 Adjusted EBITDA Growth of 23%-25%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy ASUR?
Sees FY26 adjusted EBITDA 23%-25%. The company said, "The growth of our business during 2025 was broad based reflecting a healthy demand for our products and solutions. Additionally, we experienced improved profitability during the fourth quarter of 2025, which we believe can continue in 2026. We are excited about the outlook for 2026 and we believe organic growth will improve during the year driven by our expected increasing attach rates as well as additional investment in our sales and marketing efforts."
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Analyst Views on ASUR
Wall Street analysts forecast ASUR stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 9.350
Low
13.00
Averages
18.32
High
35.62
Current: 9.350
Low
13.00
Averages
18.32
High
35.62
About ASUR
Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software solutions delivered as Software-as-a-Service (SaaS) to businesses of all sizes. Its HCM suite, AsureHCM, includes Payroll & Tax solutions, Recruiting, HR compliance and services, Time & Attendance software, Insurance and Benefits Administration. Its AsureMarketplace automates interactions between its HCM systems with third-party providers and extends the range of services offered to employers and their employees. It offers these services directly and indirectly through its network of reseller partners. It provides three levels of HR services: HR support, which provides an on-demand HR resource library, phone and email support for any HR issues and compliance and policy updates; Strategic HR, which provides more in-depth support for strategic HR decision making, and Total HR, which offers a complete HR outsourcing solution. Its AsureRecruiting is a robust talent acquisition solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Asure Software Reports Strong Q4 2025 Earnings with AI Integration
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- AI-Driven Innovation: The launch of the Luna AI agent handled over 80,000 messages in its first 90 days, equivalent to the workload of three client service representatives, demonstrating effective application of AI technology to significantly enhance operational efficiency and customer satisfaction.
- Strong Sales Outlook: Management reported a 35% increase in new bookings for 2026, with a contracted backlog of approximately $100 million, up 18% since Q3 2025, indicating the company's competitive position and sustainability of future revenues.
- Improved Profitability: Adjusted EBITDA for Q4 reached $11.4 million, an 82% increase from the prior year, with an adjusted EBITDA margin of 29%, reflecting significant improvements in cost control and profitability.
See More
Asure Software Q4 Earnings Exceed Expectations
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- Future Guidance: Asure Software projects Q1 2026 revenue between $41.0 million and $43.0 million, with full-year revenue guidance of $159.0 million to $162.0 million, reflecting confidence in future growth prospects.
- Adjusted EBITDA Outlook: The company anticipates adjusted EBITDA for 2026 to be between $10.0 million and $11.0 million, accounting for 23% to 25% of revenue, highlighting ongoing efforts in cost control and operational efficiency.
See More
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- Short-term Trading Strategy: The strategist notes that short interest in software stocks is at record levels, while a preference for AI semiconductors skews the risk balance towards an imminent rebound, prompting a recommendation for investors to increase exposure to high-quality software companies.
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See More
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- Software ETF Continues Decline: The iShares Expanded Tech-Software Sector ETF (IGV) fell to its lowest level since April 2025 on Wednesday, breaking below a clear topping pattern, reflecting weakness in the software sector that may impact investor confidence.
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See More
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- Strategic Focus: In his new role, Eralie will be responsible for optimizing service delivery, aligning cross-functional teams, and building the operational foundation necessary to support Asure's continued expansion, aiming to enhance customer satisfaction and operational efficiency.
- Enhancing Client Experience: Eralie emphasizes that strong operations and exceptional client experiences are foundational to the company's growth, and his addition is expected to drive improvements in service quality, thereby enhancing Asure's competitive position in the market.
- Company Vision: Asure's CEO Pat Goepel stated that Eralie's leadership style and customer focus are exactly what the company needs to accelerate its growth, signaling further development in the HCM sector.
See More
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- Significant Revenue Growth: Asure Software reported full-year revenues of $140.5 million for 2025, marking a 17% increase year-over-year, with organic growth in Q4 reaching 10%, a notable rise from 4% in Q3, indicating strong market performance and recovering client demand.
- AI-Driven Innovation: The launch of the Luna AI agent handled over 80,000 messages in its first 90 days, equivalent to the workload of three client service representatives, demonstrating effective application of AI technology to significantly enhance operational efficiency and customer satisfaction.
- Strong Sales Outlook: Management reported a 35% increase in new bookings for 2026, with a contracted backlog of approximately $100 million, up 18% since Q3 2025, indicating the company's competitive position and sustainability of future revenues.
- Improved Profitability: Adjusted EBITDA for Q4 reached $11.4 million, an 82% increase from the prior year, with an adjusted EBITDA margin of 29%, reflecting significant improvements in cost control and profitability.
See More
Asure Software Q4 Earnings Exceed Expectations
- Earnings Highlights: Asure Software reported a Q4 GAAP EPS of $0.03, beating expectations by $0.07, indicating an improvement in profitability despite ongoing net losses.
- Revenue Growth: The company achieved Q4 revenue of $39.31 million, representing a 27.7% year-over-year increase and surpassing market expectations by $0.49 million, showcasing strong performance in market demand and customer base expansion.
- Future Guidance: Asure Software projects Q1 2026 revenue between $41.0 million and $43.0 million, with full-year revenue guidance of $159.0 million to $162.0 million, reflecting confidence in future growth prospects.
- Adjusted EBITDA Outlook: The company anticipates adjusted EBITDA for 2026 to be between $10.0 million and $11.0 million, accounting for 23% to 25% of revenue, highlighting ongoing efforts in cost control and operational efficiency.
See More
JPMorgan Sees Buying Opportunity in Software Stocks After Historic Drawdown
- Market Drawdown Analysis: JPMorgan highlights that the software sector has experienced the largest non-recessionary 12-month drawdown in over 30 years, with a market capitalization loss of $2 trillion, reducing its weight in the S&P 500 from 12% to 8.4%.
- Investment Opportunity Identification: Despite the turmoil caused by AI threats, JPMorgan believes the market has overreacted, with current valuations reflecting worst-case scenarios that are unlikely to materialize, especially in the next three to six months.
- Short-term Trading Strategy: The strategist notes that short interest in software stocks is at record levels, while a preference for AI semiconductors skews the risk balance towards an imminent rebound, prompting a recommendation for investors to increase exposure to high-quality software companies.
- Recommended Stock List: JPMorgan's rebound candidates include Microsoft, Snowflake, CrowdStrike, Zscaler, and ServiceNow, with Microsoft showing little change over the past 12 months but down 14% in 2026.
See More
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- Market Sentiment Shift: The iShares Expanded Tech-Software Sector ETF (IGV) dropped about 5% in morning trading, marking its largest one-day decline since last April, indicating a sharp decline in investor confidence as the fund is now down approximately 21% from its recent high, entering bear market territory.
- ServiceNow Stock Plunge: Despite ServiceNow exceeding Wall Street's fourth-quarter earnings expectations and issuing better-than-expected guidance, its shares fell over 11% on Thursday, reflecting that stable growth is insufficient to shift the narrative in an environment of heightened skepticism towards traditional software vendors.
- Microsoft Hit Hard: Microsoft slid about 10% after reporting a slowdown in cloud growth, on track for its steepest one-day drop since March 2020, while also issuing softer-than-expected guidance on operating margins for the fiscal third quarter, amplifying investor unease.
- AI Threat Intensifies: The rapid development of artificial intelligence has heightened investor concerns about the potential erosion of demand for traditional software licenses and workflows, leading to a reassessment of valuations in the software sector as AI is perceived to potentially shrink long-term revenue prospects permanently.
See More
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- Strong Semiconductor ETF Performance: The VanEck Semiconductor ETF (SMH) has surged over 140% in the past nine months, mirroring the recovery seen after the 2020 pandemic lows, which has helped maintain the overall market near its highs.
- Software ETF Continues Decline: The iShares Expanded Tech-Software Sector ETF (IGV) fell to its lowest level since April 2025 on Wednesday, breaking below a clear topping pattern, reflecting weakness in the software sector that may impact investor confidence.
- Relative Strength Indicator Hits All-Time Low: The relative strength index (RSI) of IGV versus SMH has dropped to 15, marking a historic low, indicating extreme weakness in the software ETF and potential for a bounce in the near term.
- Significant Market Rotation: The stark contrast between the strong performance of the semiconductor sector and the ongoing decline of the software sector highlights notable internal market rotation, prompting investors to closely monitor future trend changes.
See More
Asure Software Appoints Mike Eralie as SVP of Operations to Enhance Client Experience
- Leadership Appointment: Asure Software has appointed Mike Eralie as Senior Vice President of Operations, bringing over 20 years of leadership experience in the HCM industry, having previously served as COO at Safeguard Pay and NGA, where he successfully drove global service delivery and customer success.
- Strategic Focus: In his new role, Eralie will be responsible for optimizing service delivery, aligning cross-functional teams, and building the operational foundation necessary to support Asure's continued expansion, aiming to enhance customer satisfaction and operational efficiency.
- Enhancing Client Experience: Eralie emphasizes that strong operations and exceptional client experiences are foundational to the company's growth, and his addition is expected to drive improvements in service quality, thereby enhancing Asure's competitive position in the market.
- Company Vision: Asure's CEO Pat Goepel stated that Eralie's leadership style and customer focus are exactly what the company needs to accelerate its growth, signaling further development in the HCM sector.
See More
