Asure Software, Inc. Earnings Recaps
Q1 2026
May 2, 2026
Asure Software shares finished down 0.4% following Q1 2026 results, as the market responded neutrally to in-line revenue growth and updates. Management highlighted accelerating organic growth and expanding attach rates, but kept a conservative tone for the remainder of the year amid broader uncertainty.
Key takeaways
- Revenue reached $42.8 million in Q1 2026, growing 23% year-over-year, with organic growth accelerating to 7% versus 3% in Q1 2025 and 3.5% in Q1 2024.
- Multiproduct attach rates improved, with clients buying multiple payroll products up 15% year-over-year.
- New bookings in core HCM payroll rose 13% versus last year, and contracted backlog stands at roughly $85.6 million (38% expected to convert over 12 months).
- Asure Central platform adoption continued at a rapid pace, with the majority of 30,000 direct clients expected to migrate by the end of Q2.
- The company is expanding its new AsureWorks ASO offering, but noted it's still early days; pipeline is growing, and additional dedicated sales reps will be added.