Company / R&D Expense
ASURE SOFTWARE INC R&D Expense History
FY2013-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$6.8M
FY2023
5-year range
$4.5M / $6.8M
FY2019-FY2023
Trend
+26.5%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $2M in FY2013 to $7M in FY2023.
Based on SEC 10-K filings.
$7M in FY2023 with a 10-year CAGR of +11.2%.
Improved from $5M to $7M over the past 3 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +8.6%
- 5-Year CAGR
- +9.0%
- 10-Year CAGR
- +11.2%
Key checks
Key Insights
- 5-year CAGR of +9.0%, indicating consistent growth.
- In FY2023, r&d expense increased 26.5% year-over-year.
- Lowest r&d expense in the period was in FY2013.
Company context
Key Data Points
- Altman Z-Score 0.05 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2023 | $6.8M | +26.5% |
| FY2021 | $5.4M | +1.1% |
| FY2020 | $5.4M | -10.8% |
| FY2019 | $6.0M | +34.5% |
| FY2018 | $4.5M | +53.9% |
| FY2017 | $2.9M | -5.1% |
| FY2016 | $3.1M | -7.8% |
| FY2015 | $3.3M | +16.8% |
| FY2014 | $2.8M | +19.3% |
| FY2013 | $2.4M | +41.6% |
As of FY2023 · SEC 10-K Annual Filings · Updated Jun 24, 2026