Quarterly ResultApr 30, 2026, 04:03 PM
ASUR Q1 Revenue +23% to $42.8M; Net Income $0.6M; Adj. EBITDA +69%
AI Summary
ASURE SOFTWARE INC reported strong first-quarter 2026 results, with revenue increasing 23% year-over-year to $42.8 million. The company achieved a net income of $0.6 million, a significant improvement from a net loss of $2.4 million in the prior year, and Adjusted EBITDA surged 69% to $12.3 million. Management expressed satisfaction with the performance, citing accelerating organic growth and improved profitability. The company also announced the appointment of Tiffany Mortimer as Chief Transformation & People Officer and provided optimistic guidance for Q2 and full-year 2026.
Key Highlights
- Q1 2026 Revenue increased 23% year-over-year to $42.8 million.
- Q1 2026 Net Income was $0.6 million, compared to a net loss of $2.4 million in prior year.
- Q1 2026 Adjusted EBITDA grew 69% year-over-year to $12.3 million.
- Recurring revenue for Q1 2026 was $37.8 million, up 14% year-over-year.
- Tiffany Mortimer appointed as Chief Transformation & People Officer.
- Q2 2026 Revenue guidance set between $36.0 million and $38.0 million.
- Full Year 2026 Revenue guidance projected between $159.0 million and $163.0 million.