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Side-by-side financial comparison of ASURE SOFTWARE INC (ASUR) and ON24 INC. (ONTF), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
ASURE SOFTWARE INC is the larger business by last-quarter revenue ($36.3M vs $34.6M, roughly 1.0× ON24 INC.). ASURE SOFTWARE INC runs the higher net margin — -14.8% vs -18.8%, a 4.0% gap on every dollar of revenue. On growth, ASURE SOFTWARE INC posted the faster year-over-year revenue change (23.7% vs -5.6%). ASURE SOFTWARE INC produced more free cash flow last quarter ($5.7M vs $-2.2M). Over the past eight quarters, ASURE SOFTWARE INC's revenue compounded faster (11.2% CAGR vs -4.2%).
Asure Software, Inc. is a software company. Prior to September 13, 2007, the company was known as Forgent Networks. After rebranding as Asure Software, the company expanded into offering human capital management (HCM) solutions, including payroll, time & attendance, talent management, human resource management, benefits administration and insurance services.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
ASUR vs ONTF — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $36.3M | $34.6M |
| Net Profit | $-5.4M | $-6.5M |
| Gross Margin | 63.8% | 74.9% |
| Operating Margin | -9.7% | -23.5% |
| Net Margin | -14.8% | -18.8% |
| Revenue YoY | 23.7% | -5.6% |
| Net Profit YoY | -37.5% | 26.8% |
| EPS (diluted) | $-0.19 | $-0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $34.6M | ||
| Q3 25 | $36.3M | $34.6M | ||
| Q2 25 | $30.1M | $35.3M | ||
| Q1 25 | $34.9M | $34.7M | ||
| Q4 24 | — | $36.7M | ||
| Q3 24 | $29.3M | $36.3M | ||
| Q2 24 | $28.0M | $37.3M | ||
| Q1 24 | $31.7M | $37.7M |
| Q4 25 | — | $-6.5M | ||
| Q3 25 | $-5.4M | $-6.4M | ||
| Q2 25 | $-6.1M | $-7.3M | ||
| Q1 25 | $-2.4M | $-8.7M | ||
| Q4 24 | — | $-8.9M | ||
| Q3 24 | $-3.9M | $-11.4M | ||
| Q2 24 | $-4.4M | $-11.2M | ||
| Q1 24 | $-308.0K | $-10.7M |
| Q4 25 | — | 74.9% | ||
| Q3 25 | 63.8% | 74.7% | ||
| Q2 25 | 66.1% | 75.1% | ||
| Q1 25 | 70.6% | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | 67.2% | 74.3% | ||
| Q2 24 | 67.3% | 74.5% | ||
| Q1 24 | 71.4% | 74.1% |
| Q4 25 | — | -23.5% | ||
| Q3 25 | -9.7% | -23.1% | ||
| Q2 25 | -15.4% | -26.0% | ||
| Q1 25 | -5.8% | -30.1% | ||
| Q4 24 | — | -32.1% | ||
| Q3 24 | -12.4% | -36.7% | ||
| Q2 24 | -14.9% | -35.0% | ||
| Q1 24 | -1.4% | -33.1% |
| Q4 25 | — | -18.8% | ||
| Q3 25 | -14.8% | -18.4% | ||
| Q2 25 | -20.3% | -20.6% | ||
| Q1 25 | -6.9% | -25.1% | ||
| Q4 24 | — | -24.2% | ||
| Q3 24 | -13.3% | -31.4% | ||
| Q2 24 | -15.5% | -29.9% | ||
| Q1 24 | -1.0% | -28.4% |
| Q4 25 | — | $-0.15 | ||
| Q3 25 | $-0.19 | $-0.15 | ||
| Q2 25 | $-0.22 | $-0.17 | ||
| Q1 25 | $-0.09 | $-0.21 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | $-0.15 | $-0.27 | ||
| Q2 24 | $-0.17 | $-0.27 | ||
| Q1 24 | $-0.01 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.5M | $37.0M |
| Total DebtLower is stronger | $70.4M | — |
| Stockholders' EquityBook value | $193.1M | $139.4M |
| Total Assets | $447.1M | $228.4M |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $37.0M | ||
| Q3 25 | $21.5M | $47.2M | ||
| Q2 25 | $66.0M | $37.7M | ||
| Q1 25 | $14.1M | $26.8M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | $11.2M | $11.0M | ||
| Q2 24 | $20.7M | $15.5M | ||
| Q1 24 | $23.2M | $18.3M |
| Q4 25 | — | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $67.4M | — | ||
| Q1 25 | $14.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $5.3M | — |
| Q4 25 | — | $139.4M | ||
| Q3 25 | $193.1M | $144.3M | ||
| Q2 25 | $194.3M | $150.0M | ||
| Q1 25 | $197.7M | $153.7M | ||
| Q4 24 | — | $159.4M | ||
| Q3 24 | $199.2M | $164.9M | ||
| Q2 24 | $195.5M | $170.8M | ||
| Q1 24 | $197.7M | $174.4M |
| Q4 25 | — | $228.4M | ||
| Q3 25 | $447.1M | $224.8M | ||
| Q2 25 | $505.6M | $235.1M | ||
| Q1 25 | $498.9M | $245.8M | ||
| Q4 24 | — | $251.0M | ||
| Q3 24 | $428.1M | $250.9M | ||
| Q2 24 | $420.1M | $259.0M | ||
| Q1 24 | $469.3M | $269.2M |
| Q4 25 | — | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.03× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.8M | $-1.1M |
| Free Cash FlowOCF − Capex | $5.7M | $-2.2M |
| FCF MarginFCF / Revenue | 15.6% | -6.4% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.3% | 3.3% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.6M | $4.0M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $-1.1M | ||
| Q3 25 | $5.8M | $2.5M | ||
| Q2 25 | $3.2M | $2.6M | ||
| Q1 25 | $2.0M | $3.4M | ||
| Q4 24 | — | $985.0K | ||
| Q3 24 | $1.3M | $295.0K | ||
| Q2 24 | $2.2M | $1.4M | ||
| Q1 24 | $-3.9M | $2.1M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | $5.7M | $2.2M | ||
| Q2 25 | $3.0M | $2.1M | ||
| Q1 25 | $1.8M | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | $1.2M | $143.0K | ||
| Q2 24 | $2.1M | $898.0K | ||
| Q1 24 | $-4.2M | $1.1M |
| Q4 25 | — | -6.4% | ||
| Q3 25 | 15.6% | 6.2% | ||
| Q2 25 | 9.8% | 5.9% | ||
| Q1 25 | 5.2% | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 3.9% | 0.4% | ||
| Q2 24 | 7.5% | 2.4% | ||
| Q1 24 | -13.2% | 2.9% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.6% | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.5% | 1.3% | ||
| Q1 24 | 0.8% | 2.8% |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ASUR
| Recurring | $31.8M | 88% |
| Lathem Time | $4.6M | 13% |
ONTF
Segment breakdown not available.
