The revenue beat and raised guidance (Q4 2026 $42-44M, FY 2026 $162-164M, FY 2027 $183-187M) signal accelerating organic and inorganic growth. Monitor Q4 2026 results for margin expansion from the acquisition and the new credit facility's impact on interest expense.
Price Chart
Executive Summary
Asure Software reported Q3 2026 revenue of $40.0M (up 10% YoY), beating the $38.9M consensus, and GAAP EPS of -$0.02 (vs consensus $0.19, a miss). Recurring revenue grew 16% YoY to $36.9M. The company issued Q4 2026 revenue guidance of $42M-$44M, FY 2026 guidance of $162M-$164M, and FY 2027 guidance of $183M-$187M, all above consensus. A new $115M credit facility and a $26.5M acquisition were completed post-quarter.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $40.0M, up 10% YoY from $36.3M, above the $38.9M consensus
- Recurring revenue of $36.9M, up 16% YoY from $31.8M
- GAAP net loss narrowed to $0.6M from $5.4M YoY; GAAP EPS -$0.02 vs consensus $0.19
- Adjusted EBITDA of $10.5M vs $8.1M YoY; Adjusted EBITDA margin 26.1%
- Q4 2026 revenue guidance $42M-$44M; FY 2026 guidance $162M-$164M; FY 2027 guidance $183M-$187M
- Post-quarter: new $115M credit facility (MUFG-led syndicate) with $85M drawn; $62.6M used to repay existing debt
- Post-quarter: acquired a payroll processing business for $26.5M in the southeastern US
- Non-GAAP gross margin improved to 75.4% from 70.1% YoY
Financial Impact
Revenue beat consensus by $1.1M (2.8%); recurring revenue grew 16% YoY; guidance for FY 2026 ($162-164M) and FY 2027 ($183-187M) implies continued growth; new $115M credit facility and $26.5M acquisition add leverage and scale
Risk Factors
- GAAP EPS of -$0.02 missed consensus of $0.19, though the company is GAAP net loss-making
- Integration risk from the $26.5M acquisition and potential dilution from the new credit facility
- Seasonal Q1 strength (W2/ACA revenue) may distort sequential comparisons
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391809 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 29, 2026 3d ago | Press Release | $7.97 | awaiting T+20 | awaiting T+20 | $9.41 (+18.07%) |
Oct 16, 2026 16d ago | 8-K | $7.04 | awaiting T+20 | awaiting T+20 | $9.41 (+33.66%) |
Oct 15, 2026 17d ago | Press Release | $7.08 | awaiting T+20 | awaiting T+20 | $9.41 (+32.91%) |
Jul 1, 2026 17w ago | Press Release | $8.13 $8.44 | ▲ +3.81% | ▲ +6.00% | $9.41 (+15.74%) |
Apr 16, 2026 28w ago | Press Release | $9.15 | awaiting T+20 | awaiting T+20 | $9.41 (+2.84%) |
Mar 23, 2026 31w ago | Press Release | $8.56 $9.08 | ▲ +6.07% | ▼ −1.34% | $9.41 (+9.93%) |
US Market Status
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