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Asure Software Inc key statistics and ratios

In fiscal 2023, Asure Software Inc had return on equity of -5.5% and a net margin of -7.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 2023LTMSept 2024
Net margin−11.3%−5.9%−15.2%−6.5%−1.0%−6.5%−2.7%−10.5%−8.5%41.0%−24.9%4.2%−15.1%−7.7%−10.5%
Return on equity−41.7%−27.1%−143.6%−52.1%−6.0%−42.9%−8.9%−14.0%−9.1%25.0%−11.5%2.1%−9.5%−5.5%−6.2%
Return on assets−19.5%−5.9%−11.6%−4.6%−0.7%−5.1%−1.6%−4.0%−2.7%8.8%−3.9%0.7%−3.4%−2.1%−2.8%
Effective tax rate———————————20.1%———
R&D as % of revenue14.4%15.3%11.9%11.1%12.2%11.3%8.2%8.2%6.7%7.3%9.1%7.1%6.4%5.7%6.5%
SG&A as % of revenue56.7%56.7%59.1%52.0%51.5%55.6%59.2%62.2%41.3%56.8%55.5%————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

42 /100

Weak moat

How hard Asure Software's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 16.2% of total assets over 9 years.

  • Pricing power 12 / 20

    Gross margin has been a median 68.5%, moving by 11.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -7.2%; its worst year was -80.7%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 1.4% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 55.1% over five years; stock-based pay has been a median 3.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Asure Software Inc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Asure Software Inc.