What is Asure Software's annual rate SOFR floor (as a percent)?

Asure Software (ASUR) reported annual rate SOFR floor (as a percent) of 2% in Q2 2025.

What does annual rate SOFR floor (as a percent) mean?

A contractual minimum interest rate level for a floating-rate debt instrument, ensuring that the interest rate does not fall below a specified percentage even if the underlying benchmark rate decreases. It serves as a protection mechanism for lenders in low-interest-rate environments.

Asure Software ASUR Annual rate SOFR floor (as a percent)

Annual rate SOFR floor (as a percent) at other companies

Kimberly-ClarkKMB

0%—

Oaktree Specialty LendingOCSL

1%—

Hercules CapitalHTGC

9.1%0.0pp

Arbor Realty TrustABR

2.5%—

Prospect CapitalPSEC

4%0.0pp

Blackstone Secured Lending FundBXSL

0%—

Other financials

Income statement

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Revenue$42.8M+22.7%

Gross profit$30.5M+23.8%

Operating income$2.3M+216%

Net income$625.0K+126%

EPS (diluted)$0.02+122%

Balance sheet

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Cash & equivalents$150.5M-24.4%

Total debt$75.6M+289%

Total equity$200.1M+1.2%

Total assets$518.7M+4.0%

Cash flow

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Operating cash flow$2.7M+35.7%

CapEx$218.0K+13.5%

Free cash flow$2.5M+38.1%

Valuation

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Market cap$227.73M-13.2%

Enterprise value$152.81M+16.3%

P/S1.6×+0.1×

Profitability

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Gross margin68.6%-4.2pp

Operating margin-10.4%-11.0pp

Net margin-10.5%+130pp

FCF margin7.9%—

Returns & leverage

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Return on equity-5.5%-1.0pp

Debt / equity0.4×+0.3×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Asure Software in its filing.

Tagged under the XBRL concept asur:LineOfCreditInterestRateSOFRFloor.

The official record: Asure Software’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Asure Software's annual rate SOFR floor (as a percent)?: Asure Software (ASUR) reported annual rate SOFR floor (as a percent) of 2% in Q2 2025.
What does annual rate SOFR floor (as a percent) mean?: A contractual minimum interest rate level for a floating-rate debt instrument, ensuring that the interest rate does not fall below a specified percentage even if the underlying benchmark rate decreases. It serves as a protection mechanism for lenders in low-interest-rate environments.