Asure Software reported a 23% year-over-year revenue increase to $37.1 million in the second quarter of 2026, driven by strong recurring revenue growth and expanded human capital management initiatives.

Key Points

• Total revenue reached $37.1 million, with recurring revenue accounting for 91% of the total at $34 million.
• Adjusted EBITDA rose 48% to $7.7 million, while the net loss narrowed to $4.4 million from $6.1 million in the prior-year period.
• The company reaffirmed full-year 2026 revenue guidance between $159 million and $163 million.
• Adoption of the Luna AI agent increased by over 30% sequentially, supporting customer service and compliance workflows.
• Asure is expanding its sales force toward a goal of 150 representatives by the end of 2026 to drive cross-selling efforts.
• Approximately 2 million employees from Vensure Employer Solutions are now active on Asure’s enterprise payroll tax management platform.

Why it Matters

The company’s shift toward a recurring revenue model and increased platform adoption highlights its successful transition into a scalable human capital management provider. These results demonstrate how Asure is leveraging AI and cross-selling strategies to improve margins and deepen client relationships within the competitive small and midsized business market.