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Asure (VTE1) Q3 2026 Earnings Report

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DE:VTE1 Q3 2026 EPS Results

Actual EPS
EUR 0.20
Consensus EPS
EUR 0.17
Beat/Miss
Beat by +EUR 0.04
One Year Ago EPS
EUR 0.13

DE:VTE1 Q3 2026 Revenue Results

Actual Revenue
EUR 35.83M
Expected Revenue
EUR 34.86M
Beat/Miss
Beat by +EUR 970.56K
YoY Revenue Growth
+10.40%

Earnings Announcement Details

Quarter
Q3 2026
Date
10/29/2026
Time
After Close
Conference Call
Thursday, October 29, 2026
DE:VTE1 Upcoming Earnings

Asure's next earnings date is estimated for March 1, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:VTE1 Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Oct 29, 2026|% Change Since:47.24%|
Earnings Call Sentiment|Positive

The call was strongly optimistic, with accelerating organic and recurring revenue growth, expanding margins, improving profitability, strong demand, product cross-sell progress, AI adoption, acquisitions and higher 2027 guidance. The main challenges were the decline in nonrecurring professional services revenue, a remaining net loss, sales-force ramp and acquisition integration costs, and the company's debt and interest obligations. Highlights significantly outweighed lowlights.

Company Guidance

For Q4 2026, Asure anticipates revenue of $42 million to $44 million and adjusted EBITDA of $10 million to $12 million; this implies full year 2026 guidance of $162 million to $164 million in revenue and adjusted EBITDA of $40 million to $42 million. For 2027, preliminary guidance anticipates revenue to be in the range of $183 million to $187 million and adjusted EBITDA margin to be in the range of 26% to 28%, with cost structure, including capital expenditures and capitalized software development costs, expected to remain relatively stable on a dollar basis; the midpoint implies kind of 13%, 14% growth, with the majority of that going to be organic. Recurring revenue organic growth is forecast to be in the double digits again in the fourth quarter, gross margin is expected to be about 72% GAAP and about 76%, 77% non-GAAP next year, and free cash flow was described as probably in about the $14 million range next year and in the low 20s when it's all said and done.

  • Revenue and Organic Growth AcceleratedThird-quarter revenue was $40 million, up 10% year over year from $36.3 million. Organic growth was 9%, compared with 4% in Q3 2025 and 5% in Q2 2026, while organic recurring revenue growth reached 14%.
  • Recurring Revenue Mix ImprovedRecurring revenue increased 16% year over year to $36.9 million from $31.8 million and represented approximately 92% of total revenue, compared with 88% a year ago.
  • Profitability and Margins ExpandedGross profit increased to $27.8 million from $23.5 million. GAAP gross margin rose to 70% from 65%, and non-GAAP gross margin increased to 75% from 70%. Adjusted EBITDA grew 29% to $10.5 million, while adjusted EBITDA margin expanded to 26% from 22%, an increase of approximately 400 basis points.
  • Net Loss NarrowedThird-quarter net loss improved to $0.6 million from a net loss of $5.4 million in Q3 2025. EBITDA increased to $7.9 million from $3.9 million.
  • Broad-Based Product GrowthManagement said growth was strong and broad-based, with payroll, benefits and HR compliance among the key contributors, supported by investments made in the business over the last few years.
  • Payroll Tax Management MomentumPayroll Tax Management represented nearly 20% of Asure's revenue, and the company had already won approximately 30 major enterprise accounts for the solution.
  • AWS and Oracle Marketplace ExpansionAsure began actively co-selling Payroll Tax Management with AWS into its 330,000 customers and made the solution available on Oracle Marketplace, integrated with Oracle Fusion Cloud Human Capital Management. Management said these channels open new opportunities, although the initiatives are still in their early stages.
  • Asure Central Expanded to ResellersAsure launched Asure Central to its reseller network and took its first resellers live on the platform. The platform combines single sign-on, user provisioning, role-based access, payroll, tax, HR, recruiting, time and attendance, 401(k), benefits and Luna in one environment, with white-label capabilities for resellers.
  • Cross-Sell and Retention ProgressThe number of clients purchasing multiple products increased 7% versus Q3 2025. Management said higher attach rates were accompanied by an uptick in retention rates versus Q2 and that the company remains focused on moving clients from an average of a little more than 2 products toward 4 or more products per relationship.
  • AsureWorks Momentum ContinuedAsureWorks pipeline and new clients continued to grow and set new records. Management reported strong reception among small hotel chains, restaurants and HVAC companies. Clients adopting AsureWorks typically represent up to 5x the revenue of payroll-only clients, and the offering does not use a PEO model.
  • Sales Force ExpansionManagement reported significant progress in hiring sales representatives and remained confident in reaching its target of 150 representatives by year-end. The new representatives are full-solution sellers focused on new-logo acquisition and multiproduct cross-sell.
  • Improved Customer Mix and BacklogThe third-quarter existing-to-new customer logo split was approximately 47% to 53%, improving from 36% to 64% a year ago. Contracted backlog reached $86.6 million, with approximately 46% expected to convert over the next 12 months.
  • Southeastern Payroll Acquisition CompletedAfter quarter end, Asure acquired a Southeastern U.S.-based human capital management payroll processing company for an aggregate purchase price of $26.5 million. The acquisition adds cloud-based HR, payroll and talent tools, exposure to small and mid-market organizations, and technology intended to update some product offerings.
  • New Credit Facility Provides FlexibilityAsure closed a new senior credit facility of up to $115 million, including an $85 million term loan, a $10 million revolving credit facility and a $20 million delayed draw term loan facility. Management said the facility provides more flexibility to pursue its strategy.
  • AI Adoption and Luna Usage IncreasedLuna conversations grew approximately 25% during the quarter to more than 26,000, and Luna completed more than 15,000 AI actions for customers during its first year. Asure also released a time import agent that brings Luna directly into the payroll run with humans in control at every decision point.
  • Strong 2026 and 2027 OutlookQ4 2026 guidance calls for revenue of $42 million to $44 million and adjusted EBITDA of $10 million to $12 million. Full-year 2026 guidance is $162 million to $164 million of revenue and $40 million to $42 million of adjusted EBITDA. Preliminary 2027 guidance is revenue of $183 million to $187 million and adjusted EBITDA margin of 26% to 28%.
  • Gross Margin Expansion Expected to ContinueManagement expects approximately 72% GAAP gross margin and approximately 76% to 77% non-GAAP gross margin in 2027, compared with approximately 70% GAAP and 75% non-GAAP for 2026.
  • Higher Revenue per Payroll UnitRevenue per unit in the payroll business increased approximately 57% during the quarter. Management said the full-suite opportunity is more than $100 per employee per month, and could reach as much as $180 when brokerage and other products and services are included.
  • Strong Demand and PipelineManagement said the small and mid-size business pipeline was strong and had increased, with expectations for a good fourth quarter and first-quarter sales. Demand was described as broad across HR, payroll, compliance, 401(k), managed services and software.
  • Positive Enterprise Market FeedbackManagement reported positive feedback from enterprise buyers and partners at Workday, HR Tech and Oracle-related events. Workday conference lead volume was described as approximately triple the prior year, and the company said it was seeing serious buyers and strong interest in its payroll tax modernization strategy.
  • Float Revenue OpportunityManagement estimated that each 25-basis-point rate increase is worth approximately $0.5 million annually at current balances. Based on its current rate view, another 0.5 percentage point could provide approximately $1 million of upside to the current year in float revenue, although this was not included in the 2027 guidance.
  • Scale and AI Productivity OpportunitiesManagement said current cost benefits were primarily from business scale, while AI implementation remains in its early stages across operations, call centers, finance and sales. The company identified additional opportunities in workflow, marketing, sales, customer acquisition and customer experience.
  • Positive Product RecognitionAsure received G2 recognition as a high performer in several categories, a momentum leader and a leader in the small business segment.

DE:VTE1 Earnings History

DE:VTE1 earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Mar 01, 20272026 (Q4)0.21-0.28――
Oct 29, 20262026 (Q3)0.170.200.1362.86% (+0.08)
Jul 30, 20262026 (Q2)0.110.120.0775.32% (+0.05)
Apr 30, 20262026 (Q1)0.230.270.1665.76% (+0.11)
Feb 26, 20262025 (Q4)0.230.280.12125.90% (+0.16)
Oct 30, 20252025 (Q3)0.190.130.1110.24% (+0.01)
Jul 31, 20252025 (Q2)0.130.070.09-18.95% (-0.02)
May 01, 20252025 (Q1)0.160.160.2-15.98% (-0.03)
Mar 06, 20252024 (Q4)0.160.120.0787.84% (+0.06)
Oct 31, 20242024 (Q3)0.170.110.17-33.51% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed