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Side-by-side financial comparison of ASURE SOFTWARE INC (ASUR) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

ASURE SOFTWARE INC is the larger business by last-quarter revenue ($36.3M vs $25.1M, roughly 1.4× TRX GOLD Corp). TRX GOLD Corp runs the higher net margin — -2.0% vs -14.8%, a 12.8% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 23.7%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs 11.2%).

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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

ASUR vs TRX — Head-to-Head

Bigger by revenue
ASUR
ASUR
1.4× larger
ASUR
$36.3M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+76.8% gap
TRX
100.5%
23.7%
ASUR
Higher net margin
TRX
TRX
12.8% more per $
TRX
-2.0%
-14.8%
ASUR
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
11.2%
ASUR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASUR
ASUR
TRX
TRX
Revenue
$36.3M
$25.1M
Net Profit
$-5.4M
$-496.0K
Gross Margin
63.8%
56.6%
Operating Margin
-9.7%
Net Margin
-14.8%
-2.0%
Revenue YoY
23.7%
100.5%
Net Profit YoY
-37.5%
-123.2%
EPS (diluted)
$-0.19
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASUR
ASUR
TRX
TRX
Q4 25
$25.1M
Q3 25
$36.3M
Q2 25
$30.1M
$12.5M
Q1 25
$34.9M
$9.1M
Q4 24
$12.5M
Q3 24
$29.3M
Q2 24
$28.0M
$10.1M
Q1 24
$31.7M
$8.0M
Net Profit
ASUR
ASUR
TRX
TRX
Q4 25
$-496.0K
Q3 25
$-5.4M
Q2 25
$-6.1M
$1.1M
Q1 25
$-2.4M
$-1.9M
Q4 24
$2.1M
Q3 24
$-3.9M
Q2 24
$-4.4M
$-1.7M
Q1 24
$-308.0K
$1.9M
Gross Margin
ASUR
ASUR
TRX
TRX
Q4 25
56.6%
Q3 25
63.8%
Q2 25
66.1%
35.1%
Q1 25
70.6%
23.5%
Q4 24
38.6%
Q3 24
67.2%
Q2 24
67.3%
42.9%
Q1 24
71.4%
41.0%
Operating Margin
ASUR
ASUR
TRX
TRX
Q4 25
Q3 25
-9.7%
Q2 25
-15.4%
Q1 25
-5.8%
Q4 24
Q3 24
-12.4%
Q2 24
-14.9%
Q1 24
-1.4%
Net Margin
ASUR
ASUR
TRX
TRX
Q4 25
-2.0%
Q3 25
-14.8%
Q2 25
-20.3%
8.9%
Q1 25
-6.9%
-21.3%
Q4 24
17.1%
Q3 24
-13.3%
Q2 24
-15.5%
-16.3%
Q1 24
-1.0%
24.1%
EPS (diluted)
ASUR
ASUR
TRX
TRX
Q4 25
$-0.01
Q3 25
$-0.19
Q2 25
$-0.22
$0.00
Q1 25
$-0.09
$-0.01
Q4 24
$0.00
Q3 24
$-0.15
Q2 24
$-0.17
$-0.01
Q1 24
$-0.01
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASUR
ASUR
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$21.5M
$9.2M
Total DebtLower is stronger
$70.4M
Stockholders' EquityBook value
$193.1M
$74.5M
Total Assets
$447.1M
$129.6M
Debt / EquityLower = less leverage
0.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASUR
ASUR
TRX
TRX
Q4 25
$9.2M
Q3 25
$21.5M
Q2 25
$66.0M
$3.6M
Q1 25
$14.1M
$6.0M
Q4 24
$6.8M
Q3 24
$11.2M
Q2 24
$20.7M
$7.7M
Q1 24
$23.2M
$8.0M
Total Debt
ASUR
ASUR
TRX
TRX
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
Stockholders' Equity
ASUR
ASUR
TRX
TRX
Q4 25
$74.5M
Q3 25
$193.1M
Q2 25
$194.3M
$69.0M
Q1 25
$197.7M
$67.5M
Q4 24
$68.4M
Q3 24
$199.2M
Q2 24
$195.5M
$62.5M
Q1 24
$197.7M
$63.9M
Total Assets
ASUR
ASUR
TRX
TRX
Q4 25
$129.6M
Q3 25
$447.1M
Q2 25
$505.6M
$112.3M
Q1 25
$498.9M
$106.7M
Q4 24
$102.6M
Q3 24
$428.1M
Q2 24
$420.1M
$92.6M
Q1 24
$469.3M
$88.2M
Debt / Equity
ASUR
ASUR
TRX
TRX
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. Cash flow is harder to manipulate than net income.

Metric
ASUR
ASUR
TRX
TRX
Operating Cash FlowLast quarter
$5.8M
$4.0M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
15.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASUR
ASUR
TRX
TRX
Q4 25
$4.0M
Q3 25
$5.8M
Q2 25
$3.2M
$3.4M
Q1 25
$2.0M
$2.0M
Q4 24
$2.4M
Q3 24
$1.3M
Q2 24
$2.2M
$3.1M
Q1 24
$-3.9M
$1.0M
Free Cash Flow
ASUR
ASUR
TRX
TRX
Q4 25
Q3 25
$5.7M
Q2 25
$3.0M
Q1 25
$1.8M
Q4 24
Q3 24
$1.2M
Q2 24
$2.1M
Q1 24
$-4.2M
FCF Margin
ASUR
ASUR
TRX
TRX
Q4 25
Q3 25
15.6%
Q2 25
9.8%
Q1 25
5.2%
Q4 24
Q3 24
3.9%
Q2 24
7.5%
Q1 24
-13.2%
Capex Intensity
ASUR
ASUR
TRX
TRX
Q4 25
Q3 25
0.3%
Q2 25
0.7%
Q1 25
0.6%
Q4 24
Q3 24
0.6%
Q2 24
0.5%
Q1 24
0.8%
Cash Conversion
ASUR
ASUR
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASUR
ASUR

Recurring$31.8M88%
Lathem Time$4.6M13%

TRX
TRX

Segment breakdown not available.

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