Asure Software Inc (ASUR) Financial Statements (2025 and earlier)

Company Profile

Business Address 405 COLORADO ST
AUSTIN, TX 78701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,31717,01013,42728,57728,82615,444
Cash and cash equivalent30,31717,01013,42728,57728,82615,444
Receivables14,20212,1235,3084,8524,80816,028
Inventory, net of allowances, customer advances and progress billings1552512464496563,117
Inventory1552512464496563,117
Prepaid expense3,47110,30413,4753,28412,2183,120
Funds held for clients219,075203,588217,376321,069137,935122,206
Total current assets:267,220243,276249,832358,231184,443159,915
Noncurrent Assets
Operating lease, right-of-use asset4,9917,0655,7486,450 
Property, plant and equipment14,51711,4398,9458,2817,8678,948
Intangible assets, net (including goodwill)148,093152,605164,584138,510132,547188,147
Goodwill86,01186,01186,01173,95868,697111,387
Intangible assets, net (excluding goodwill)62,08266,59478,57364,55263,85076,760
Other noncurrent assets9,0475,5234,1363,9513,2244,090
Other undisclosed noncurrent assets     6,963 
Total noncurrent assets:176,648176,632183,413157,192150,601201,185
TOTAL ASSETS:443,868419,908433,245515,423335,044361,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,95111,7136,5695,58411,7168,720
Employee-related liabilities3,5682,9163,4242,824
Accounts payable2,5702,1945651,2881,7363,662
Accrued liabilities10,3819,5192,4361,3806,5562,234
Deferred revenue6,8538,4613,7505,838 
Debt274,1061,90712,3102,5714,835
Business combination, contingent consideration, liability  2,9551,9053,880  
Deferred tax liabilities1,566
Contract with customer, liability5,500123,170
Other undisclosed current liabilities221,509207,948218,695322,411146,80210,181
Total current liabilities:241,340235,183232,826350,023166,589148,472
Noncurrent Liabilities
Long-term debt and lease obligation4,28230,79537,86617,59124,142107,229
Long-term debt, excluding current maturities4,28230,79533,12012,22524,142107,229
Liabilities, other than long-term debt6,5918,8644,3132,1564612,005
Deferred revenue1678836111 
Contract with customer, liability322 
Deferred tax liabilities, net1,566
Deferred income tax liabilities1,7281,5031,595888 
Other liabilities2091142581,157139439
Operating lease, liability4,6386,4594,7465,366 
Business combination, contingent consideration, liability   2,424   
Other undisclosed noncurrent liabilities     6,273876
Total noncurrent liabilities:10,87339,65942,17919,74730,876110,110
Total liabilities:252,213274,842275,005369,770197,465258,582
Equity
Equity, attributable to parent, including:191,655145,066158,240145,653137,579102,518
Treasury stock, value (5,017)(5,017)(5,017)(5,017)(5,017)(5,017)
Additional paid in capital487,973433,586429,912419,827396,102391,927
Accumulated other comprehensive income (loss)(1,115)(2,483)(99)604(25)(906)
Accumulated deficit(290,440)(281,226)(266,760)(269,954)(253,642)(283,643)
Other undisclosed equity, attributable to parent254206204193161157
Other undisclosed equity    1  
Total equity:191,655145,066158,240145,654137,579102,518
Other undisclosed liabilities and equity    (1)  
TOTAL LIABILITIES AND EQUITY:443,868419,908433,245515,423335,044361,100

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues119,08295,82876,06465,50773,15088,952
Gain on disposition of assets for financial service operations2,2571,221542   
Cost of revenue
(Cost of Product and Service Sold)
(33,545)(33,318)(29,500)(27,414)(29,836)(30,830)
Other undisclosed gross profit      
Gross profit:85,53762,51046,56438,09343,31458,122
Operating expenses(88,536)(73,817)(59,376)(51,846)(94,269)(64,385)
Operating loss:(2,999)(11,307)(12,812)(13,753)(50,955)(6,263)
Nonoperating income (expense)(292)1,391   (8,514)
Investment income, nonoperating      
Other nonoperating income (expense)(292)1,391    
Interest and debt expense(1,517) 8,312(2,221)(15,447)479
Other undisclosed loss from continuing operations before equity method investments, income taxes      (479)
Loss from continuing operations before equity method investments, income taxes:(4,808)(9,916)(4,500)(15,974)(66,402)(14,777)
Other undisclosed income (loss) from continuing operations before income taxes (4,297)(4,438)8,495   
Income (loss) from continuing operations before income taxes:(9,105)(14,354)3,995(15,974)(66,402)(14,777)
Income tax expense (benefit)(109)(112)(802)(337)24,1117,229
Income (loss) from continuing operations:(9,214)(14,466)3,193(16,311)(42,291)(7,548)
Income (loss) before gain (loss) on sale of properties:3,193(16,311)30,001(7,548)
Income from discontinued operations     72,292 
Net income (loss) available to common stockholders, diluted:(9,214)(14,466)3,193(16,311)30,001(7,548)

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(9,214)(14,466)3,193(16,311)30,001(7,548)
Other comprehensive income (loss)1,368(2,384)(703)629(591) 
Comprehensive income (loss):(7,846)(16,850)2,490(15,682)29,410(7,548)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (843)
Comprehensive income (loss), net of tax, attributable to parent:(7,846)(16,850)2,490(15,682)29,410(8,391)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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