Asure Software Reports Strong Q2 Performance and Revised Full-Year Guidance
Asure Software (NASDAQ:ASUR) reported a strong second-quarter performance in fiscal 2026 with revenue rising 23% year over year to $37.1 million, driven by recurring revenue growth of 19% to $34 million and adjusted EBITDA increasing 48% to $7.7 million. The company attributed the results to cross-selling efforts and progress in payroll tax management, human capital solutions, and AI initiatives. Asure revised its full-year guidance for 2026, forecasting revenue between $159 million and $163 million with adjusted EBITDA margins expected to reach 24%–25%. The company anticipates double-digit organic recurring revenue growth in the second half of the year. Management also highlighted increased adoption of its AsureCentral platform by most direct clients, as well as a more than 30% sequential rise in usage of Luna AI. The firm ended Q2 with $19.7 million in cash and $68.9 million in total debt. While non-recurring revenue is expected to decline compared to the prior year’s second half, Asure remains focused on recurring growth and potential strategic acquisitions for further expansion.
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Topics: acquisition_strategy ai_adoption ebitda_performance revenue_growth