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Jun 30
Asure Q2 2025 Earnings Report
Asure reported its second quarter 2025 results, with total revenues increasing 7% year over year to $30.1 million, driven by strong recurring revenue growth and the acquisition of Lathem Time Corporation.
Key Takeaways
Asure Software, Inc. announced a solid second quarter for 2025, with total revenues reaching $30.1 million, a 7% increase from the prior year. Recurring revenues, a key segment, grew by 6%. Despite a net loss of $6.1 million, the company saw improvements in both EBITDA and Adjusted EBITDA, indicating underlying operational strength. The recent acquisition of Lathem Time Corporation is expected to further boost future revenue and cross-selling opportunities.
Total revenues for Q2 2025 increased by 7% year-over-year to $30.1 million.
Recurring revenues grew by 6% to $28.6 million compared to the prior year's second quarter.
Adjusted EBITDA significantly increased to $5.2 million from $4.1 million in the prior year, demonstrating improved operational efficiency.
Asure completed the acquisition of Lathem Time Corporation on July 1, 2025, which is anticipated to add high-margin recurring revenue and enhance cross-selling opportunities.
Asure
Asure
Asure Revenue by Segment
Revenue by Segment
Recurring Revenue
CapyFin.comProfessional Services, Hardware & Other Revenue
CapyFin.com Forward Guidance
Asure has provided guidance for the third quarter of 2025 and increased its full-year 2025 revenue range, reflecting strong year-to-date results and the positive impact of the Lathem Time Corporation acquisition.
Positive Outlook
- Increased full-year 2025 revenue guidance range to $138.0 million - $142.0 million from $134.0 million - $138.0 million.
- Third-quarter 2025 revenue guidance set between $35.0 million and $37.0 million.
- Third-quarter 2025 Adjusted EBITDA guidance between $7.0 million and $9.0 million.
- Full-year 2025 Adjusted EBITDA margin guidance maintained at 22% - 24%.
- The acquisition of Lathem Time Corporation is expected to contribute to scale, high-margin recurring revenue, and accelerated cross-selling opportunities.
Challenges Ahead
- Management is unable to predict the nature and materiality of non-recurring expenses for GAAP to non-GAAP reconciliation without unreasonable effort.
- Projections are based on current beliefs and assumptions, and actual results may differ materially due to various risks and uncertainties.
- The company assumes no obligation to update publicly any forward-looking statements.
- Risks include breaches of security measures, fluctuations in financial results, regulatory developments, and the impact of previous and future acquisitions.
- The expiration of Employee Retention Tax Credits (ERTC) and IRS measures regarding ERTC claims could impact cash collections.
Revenue & Expenses
Visualization of income flow from segment revenue to net income