AvePoint, Inc.

Listed Company

AVPTCIK 0001777921NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$419.50M

Net Income

$34.80M

Total Assets

$789.18M

Equity

$478.70M

Shares Out

215.47M

Op. Cash Flow

$85.26M

Business

AvePoint, Inc. provides a cloud-native data management software platform that enables organizations to prepare, secure, and optimize critical data. Its main offering is the AvePoint Confidence Platform, a PaaS-based set of integrated SaaS solutions delivering data security, governance, business continuity, backup-as-a-service, data modernization, classification, and automation. The platform is organized into three interconnected suites—Control, Resilience, and Modernization—and includes the AvePoint Elements Platform tailored for managed service providers. AvePoint sells globally across North America, EMEA and APAC through direct sales, a broad partner and channel ecosystem, marketplaces, and hyperscaler partnerships.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	419	330	272	232	192
Cost of revenue	109	83	77	66	53
Gross profit	311	248	194	166	139
Sales and marketing	144	123	112	111	101
General and administrative	81	69	61	65	59
Research and development	53	49	36	31	32
Total operating expenses	278	241	210	207	192
Income (loss) from operations	33	7	−15	−41	−53
Other income (expense), net	7	−32	−3	7	21
Income (loss) before income taxes	41	−24	−19	−34	−33
Income tax expense	5	5	3	5	457,000
Net income (loss)	35	−29	−22	−39	−33
Net income (loss) attributable to noncontrolling interest	321,000	−52,000	224,000	3	−2
Net income (loss) available to common stockholders	35	−29	−22	−42	−35
Basic (in dollars per share)	0.17	−0.16	−0.12	−0.23	−0.48
Diluted (in dollars per share)	0.15	−0.16	−0.12	—	−0.48
Basic (in shares)	208	184	182	182	142
Diluted (in shares)	229	184	182	—	142

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	481	291	223	227	268
Accounts receivable, net	125	87	86	66	55
Prepaid expenses and other current assets	20	17	13	10	8
Total current assets	625	395	326	306	334
Property and equipment, net	6	5	5	6	4
Goodwill	38	18	19	19	0
Intangible assets, net	12	9	11	11	0
Operating lease right-of-use assets	17	16	14	16	0
Deferred contract costs	71	60	55	49	39
Other assets	20	17	14	9	12
Total assets	789	519	443	416	389
Accounts payable	4	2	1	2	2
Accrued Liabilities and Other Liabilities	84	76	54	48	35
Current portion of deferred revenue	186	144	122	93	74
Total current liabilities	274	223	177	143	111
Long-term operating lease liabilities	10	10	9	—	—
Long-term portion of deferred revenue	15	9	8	8	8
Other liabilities	12	6	6	4	4
Total liabilities	310	248	218	172	133
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $0.0001 par value; 1,000,000 shares authorized, 215,076 and 194,071 shares issued and outstanding as of December 31, 2025 and 2024, respectively	22,000	19,000	18,000	19,000	18,000
Additional paid-in capital	980	779	668	666	625
Accumulated other comprehensive income	8	576,000	3	2	2
Accumulated deficit	−510	−510	−460	−417	−375
Noncontrolling interest	0	2	8	0	—
Total stockholders equity	479	271	219	229	—
Total liabilities and stockholders equity	789	519	443	416	389

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	6	5	5	3	1
Operating lease right-of-use assets expense	9	6	6	6	0
Foreign currency remeasurement loss	4	866,000	0	835,000	1
Stock-based compensation	39	39	36	37	60
Deferred income taxes	−2	498,000	−864,000	4	−175,000
Allowance for credit loss on notes receivable	4	0	0	—	—
Other	468,000	−67,000	1	−607,000	−755,000
Change in value of earn-out and warrant liabilities	−408,000	37	11	−4	−21
Accounts receivable	−31	−5	−19	−14	−8
Prepaid expenses and other current assets	−3	−3	−3	−2	−6
Deferred contract costs and other assets	−11	−8	−8	−10	−9
Accounts payable, accrued expenses and other current liabilities, and other liabilities	3	22	7	−3	11
Operating lease liabilities	−9	−6	−6	—	—
Deferred revenue	40	29	27	20	11
Net cash provided by operating activities	85	89	35	−774,000	5
Maturities of investments	167,000	5	3	184	0
Purchases of investments	−167,000	−2	−3	−181	−916,000
Cash paid in business combinations, net of cash acquired	−15	0	0	−19	0
Capitalization of internal-use software	−2	−1	−1	−2	0
Purchase of property and equipment	−4	−3	−2	−4	−2
Issuance of notes receivables	0	−2	−1	0	0
Other investing activities	0	−130,000	0	0	—
Net cash used in investing activities	−20	−3	−6	−21	−3
Purchase of common stock	−50	−33	−39	−20	−2
Proceeds from warrant exercises	168	17	0	0	—
Proceeds from stock option exercises	18	11	6	3	6
Repurchase of noncontrolling interest	−12	0	0	—	—
Funds held on behalf of others	6	0	0	—	—
Funds released on behalf of others	−6	0	0	—	—
Redemption of redeemable noncontrolling interest	0	−6	0	0	—
Purchase of public warrants	0	−4	0	0	—
Company earn-out shares settled in cash	0	−572,000	0	0	—
Other financing activities	−9,000	−6,000	−200,000	—	—
Net cash provided by (used in) financing activities	124	−16	−34	−17	199
Net increase (decrease) in cash and cash equivalents	190	68	−4	−41	199
Effect of exchange rates on cash	1	−3	595,000	−2	−1
Income taxes paid	7	7	6	3	4
Company earn-out shares issuance	0	54	0	0	—
Unpaid purchase consideration transferred in connection with the business combination	5	0	0	6	0

Filings

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