ASURE SOFTWARE INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
ASUR$10.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(13,126) | $(11,773) |
| Adjustments to reconcile loss to net cash provided by operations: | ||
| Depreciation and amortization | 26,439 | 22,142 |
| Amortization of operating lease assets | 1,560 | 1,386 |
| Amortization of debt financing costs and discount | 1,253 | 726 |
| Non-cash interest expense | 3,802 | 298 |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | (398) | (377) |
| Provision for expected losses | 1,122 | 46 |
| Provision for deferred income taxes | 652 | 884 |
| Loss on extinguishment of debt | 71 | — |
| Net realized gains on sales of available-for-sale securities | (2,949) | (2,609) |
| Share-based compensation | 7,739 | 6,444 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 3,193 | (3,998) |
| Inventory | 750 | (41) |
| Prepaid expenses and other assets | (1,165) | (1,886) |
| Accounts payable | 335 | (1,206) |
| Accrued expenses and other long-term obligations | (3,650) | (1,103) |
| Lease liabilities | (1,661) | (1,555) |
| Deferred revenue | (1,749) | 2,010 |
| Net cash provided by operating activities | 22,218 | 9,388 |
| Cash flows from investing activities: | ||
| Business combination consideration, net of cash acquired | (37,500) | (7,900) |
| Acquisition of intangible assets | (15,666) | (5,356) |
| Purchases of property and equipment | (787) | (692) |
| Software capitalization costs | (13,733) | (10,187) |
| Purchases of available-for-sale securities | (44,614) | (15,643) |
| Proceeds from sales and maturities of available-for-sale securities | 25,623 | 20,522 |
| Net cash used in investing activities | (86,677) | (19,256) |
| Cash flows from financing activities: | ||
| Payments of finance lease principal | (19) | — |
| Proceeds from notes payable, net of issuance costs | 57,975 | 4,995 |
| Payments of notes payable | (7,200) | (420) |
| Debt extinguishment costs | (100) | — |
| Net proceeds from issuance of common stock | 1,336 | 1,370 |
| Capital raise fees | — | (132) |
| Payments made on amounts due for the acquisition of intangibles | (2,647) | (1,513) |
| Net change in client fund obligations | 34,105 | (26,342) |
| Net cash provided by (used in) financing activities | 83,450 | (22,042) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | 18,991 | (31,910) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period | 145,712 | 177,622 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | $164,703 | $145,712 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets | ||
| Cash and cash equivalents | $25,244 | $21,425 |
| Restricted cash and restricted cash equivalents included in funds held for clients | 139,459 | 124,287 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $164,703 | $145,712 |
| Supplemental information: | ||
| Cash paid for interest | $3,294 | $— |
| Cash paid for income taxes, net of refunds | $— | $18 |
| Non-cash investing and financing activities: | ||
| Acquisition of intangible assets | $488 | $5,338 |
| Notes payable issued for acquisitions | $5,524 | $3,107 |
| Shares issued for acquisitions | $956 | $9,125 |
| Shares issued for debt payments | $2,566 | $— |
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