Asure Software, Inc. today reported its financial results for the second quarter ended June 30, 2025, with total revenues increasing 7% year-over-year to $30.1 million. Excluding the impact of the winding down ERTC program, revenue growth was 10%.
The company reported a GAAP net loss of $6.1 million for Q2 2025, reflecting increased operating expenses and higher interest expense. Adjusted EBITDA for the quarter was $5.2 million, an increase from $4.1 million in the prior year, with margins improving to 17% from 15%.
Asure completed the acquisition of Lathem Time Corporation on July 1, 2025, which is expected to add scale to its existing time and attendance business with high-margin recurring revenue and accelerate cross-selling opportunities. The company increased its full year 2025 revenue guidance to a range of $138 million to $142 million, and expects Q3 2025 revenues of $35 million to $37 million.
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