Asure Software reported Q3 2025 revenue of $36.3 million, up 24% year‑over‑year from $29.3 million in Q3 2024, and adjusted EBITDA of $8.1 million, a 49% increase from $5.4 million in the prior year‑same quarter.
The company posted a net loss of $5.4 million, wider than the $3.9 million loss in Q3 2024, driven by higher operating expenses and interest expense from debt used to acquire Lathem Time.
Gross margin fell to 22% from 19% in Q3 2024, largely due to a shift toward lower‑margin hardware sales from the Lathem acquisition.
Management highlighted growth in payroll, benefits, applicant tracking, and time‑and‑attendance modules, and noted the launch of Asure Central, a unified platform expected to improve client experience and accelerate product innovation.
The company missed its EPS forecast, reporting –$0.19 per share versus an expected $0.21, while revenue beat expectations.
For Q4 2025, Asure provided revenue guidance of $38–$40 million and adjusted EBITDA margin guidance of 22–23%. For fiscal 2026, revenue guidance is $158–$162 million and adjusted EBITDA margin guidance is 23–25%.
The company reiterated its long‑term target of 30%+ adjusted EBITDA margin at $180–$200 million revenue.
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