Asure Software Posts 28% Q4 Growth, Guides $159–162M Revenue in 2026
Asure Software reported Q4 revenue of $39.3 million, up 28% year-over-year, and full-year revenue of $140.5 million, a 17% increase, while adjusted EBITDA surged 82% to $11.4 million. Management guided 2026 revenue of $159–162 million with 23–25% EBITDA margins, citing a $100 million backlog and AI-driven efficiency.
1. Q4 and Full-Year Results
Asure Software delivered Q4 revenue of $39.3 million, up 28% year-over-year, with recurring revenue rising 18% to $33.7 million. Full-year revenue reached $140.5 million, a 17% increase, while adjusted EBITDA jumped 82% to $11.4 million in the quarter and $32.0 million for the year, boosting margins to 23%.
2. AI and Portal Initiatives
More than two-thirds of clients have upgraded to the new Asure Central portal, driving a 10% increase in multi-product payroll clients in Q4. The Luna AI agent processed over 80,000 messages in its first 90 days, reducing support loads and underpinning the AsureWorks ASO service that can generate 2x–3x revenue per managed client.
3. Backlog, Bookings and 2026 Outlook
New bookings rose 35%, lifting contracted backlog to approximately $100 million, with 41% expected to convert over the next 12 months. Management plans to expand the sales team from 118 to 150 reps, targets medium-term revenue of $180–200 million, and forecasts 2026 revenue of $159–162 million with 23–25% adjusted EBITDA margins and GAAP profitability.