NASDAQ : AVPT
AvePoint, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 17.09 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.62B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AvePoint, Inc. (AVPT) reported revenue of 466.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 466.15M | 419.50M | 330.48M | 271.82M | 232.34M | 191.91M |
| Cost of Revenue | 123.78M | 108.80M | 82.53M | 77.46M | 66.28M | 53.00M |
| Gross Profit | 342.37M | 310.70M | 247.96M | 194.37M | 166.06M | 138.91M |
| Selling, General & Admin | 239.00M | 224.58M | 192.09M | 173.38M | 175.77M | 160.26M |
| Research & Development | 57.26M | 52.59M | 48.70M | 36.34M | 31.36M | 32.14M |
| Operating Expenses | 296.26M | 277.16M | 240.79M | 209.72M | 207.13M | 192.40M |
| Operating Income | 46.10M | 33.53M | 7.17M | -15.35M | -41.07M | -53.49M |
| Interest Expense | -1.24M | -40.00K | ||||
| Interest & Investment Income | 3.50M | 4.57M | 166.00K | 26.00K | 102.00K | |
| Currency Exchange Gain (Loss) | -877.00K | -6.17M | -660.00K | -778.00K | 112.00K | -877.00K |
| Other Non Operating Income (Expenses) | 231.00K | 266.00K | -3.04M | 48.00K | 36.00K | 229.00K |
| EBT Excluding Unusual Items | 47.72M | 32.20M | 3.64M | -16.05M | -40.96M | -54.04M |
| Merger & Restructuring Charges | -500.00K | -500.00K | ||||
| Gain (Loss) on Sale of Investments | 9.70M | 8.39M | 9.24M | 8.89M | 2.81M | 16.00K |
| Other Unusual Items | 408.00K | 408.00K | -37.28M | -11.45M | 4.50M | 21.23M |
| Pretax Income | 57.32M | 40.50M | -24.40M | -18.61M | -33.65M | -32.79M |
| Income Tax Expense | -14.16M | 5.38M | 4.74M | 2.89M | 5.04M | 457.00K |
| Earnings From Continuing Operations | 71.48M | 35.12M | -29.14M | -21.50M | -38.69M | -33.24M |
| Minority Interest in Earnings | -321.00K | 52.00K | -224.00K | -2.94M | -1.97M | |
| Net Income | 71.48M | 34.80M | -29.09M | -21.73M | -41.63M | -35.22M |
| Preferred Dividends & Other Adjustments | 32.93M | |||||
| Net Income to Common | 71.48M | 34.80M | -29.09M | -21.73M | -41.63M | -68.15M |
| Shares Outstanding (Basic) | 212.69M | 207.59M | 183.72M | 182.26M | 181.96M | 141.60M |
| Shares Outstanding (Diluted) | 227.58M | 229.29M | 183.72M | 182.26M | 181.96M | 141.60M |
| EPS (Basic) | 0.34 | 0.17 | -0.16 | -0.12 | -0.23 | -0.48 |
| EPS (Diluted) | 0.31 | 0.15 | -0.16 | -0.12 | -0.23 | -0.48 |
| Free Cash Flow | 101.01M | 81.57M | 85.85M | 32.61M | -4.63M | 2.57M |
| Free Cash Flow Per Share | 0.44 | 0.36 | 0.47 | 0.18 | -0.03 | 0.02 |
| Gross Margin | 73.45% | 74.06% | 75.03% | 71.50% | 71.47% | 72.38% |
| Operating Margin | 9.89% | 7.99% | 2.17% | -5.65% | -17.68% | -27.87% |
| Profit Margin | 15.33% | 8.29% | -8.80% | -7.99% | -17.92% | -35.51% |
| Free Cash Flow Margin | 21.67% | 19.45% | 25.98% | 12.00% | -1.99% | 1.34% |
| EBITDA | 52.56M | 39.74M | 12.55M | -10.66M | -37.57M | -52.25M |
| EBITDA Margin | 11.28% | 9.47% | 3.80% | -3.92% | -16.17% | -27.23% |
| D&A For EBITDA | 6.45M | 6.21M | 5.38M | 4.69M | 3.49M | 1.24M |
| EBIT | 46.10M | 33.53M | 7.17M | -15.35M | -41.07M | -53.49M |
| EBIT Margin | 9.89% | 7.99% | 2.17% | -5.65% | -17.68% | -27.87% |
| Effective Tax Rate | 13.29% | |||||
| Revenue as Reported | 466.15M | 419.50M | 330.48M | 271.82M | 232.34M | 191.91M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 417.25M | 481.06M | 290.74M | 223.16M | 227.19M | 268.22M |
| Short-Term Investments | 198.00K | 3.72M | 2.62M | 2.41M | ||
| Cash & Short-Term Investments | 417.45M | 481.06M | 290.74M | 226.88M | 229.81M | 270.63M |
| Receivables | 116.99M | 124.53M | 87.36M | 85.88M | 66.47M | 55.07M |
| Prepaid Expenses | 23.05M | 9.00M | 7.20M | 7.60M | 10.01M | 8.46M |
| Other Current Assets | 10.73M | 9.49M | 5.22M | |||
| Total Current Assets | 557.49M | 625.31M | 394.80M | 325.58M | 306.30M | 334.16M |
| Property, Plant & Equipment | 32.95M | 22.84M | 21.24M | 19.03M | 21.39M | 3.92M |
| Long-Term Investments | 162.00K | 285.00K | ||||
| Goodwill | 36.78M | 37.99M | 17.71M | 19.16M | 18.90M | |
| Other Intangible Assets | 11.11M | 12.05M | 8.89M | 10.55M | 11.08M | |
| Long-Term Accounts Receivable | 10.60M | 8.30M | 8.20M | 6.90M | 6.30M | |
| Long-Term Deferred Tax Assets | 3.18M | |||||
| Long-Term Deferred Charges | 74.31M | 71.26M | 59.84M | 54.67M | 48.55M | 38.93M |
| Other Long-Term Assets | 44.37M | 9.13M | 4.34M | 3.56M | 2.25M | 1.97M |
| Total Assets | 757.00M | 789.18M | 519.05M | 442.58M | 415.53M | 388.74M |
| Accounts Payable | 3.31M | 3.81M | 2.35M | 1.38M | 1.52M | 1.82M |
| Accrued Expenses | 64.25M | 76.69M | 74.73M | 40.34M | 35.42M | 29.93M |
| Current Portion of Leases | 10.53M | 7.50M | 5.34M | 5.39M | ||
| Current Income Taxes Payable | 2.05M | 1.05M | 1.20M | |||
| Current Unearned Revenue | 198.10M | 185.70M | 144.47M | 121.52M | 93.41M | 74.29M |
| Other Current Liabilities | 2.74M | 1.40M | 6.04M | 5.92M | 3.93M | |
| Total Current Liabilities | 278.93M | 273.69M | 222.96M | 176.66M | 142.71M | 111.18M |
| Long-Term Leases | 16.31M | 9.95M | 9.91M | 9.38M | 11.35M | |
| Long-Term Unearned Revenue | 14.97M | 15.26M | 8.84M | 7.74M | 8.09M | 8.04M |
| Long-Term Deferred Tax Liabilities | 444.00K | |||||
| Other Long-Term Liabilities | 9.92M | 11.58M | 6.40M | 23.95M | 10.24M | 13.51M |
| Total Liabilities | 320.13M | 310.48M | 248.11M | 217.74M | 172.38M | 133.17M |
| Common Stock | 21.00K | 22.00K | 19.00K | 18.00K | 19.00K | 18.00K |
| Additional Paid-In Capital | 962.91M | 980.39M | 779.01M | 667.88M | 665.72M | 625.06M |
| Retained Earnings | -531.73M | -510.08M | -510.45M | -460.50M | -416.93M | -375.30M |
| Treasury Stock | -21.67M | -1.74M | ||||
| Comprehensive Income & Other | 5.68M | 8.37M | 576.00K | 3.20M | 2.01M | 2.32M |
| Total Common Equity | 436.87M | 478.70M | 269.15M | 210.60M | 229.15M | 250.35M |
| Minority Interest | 1.79M | 14.24M | 14.01M | 5.21M | ||
| Shareholders' Equity | 436.87M | 478.70M | 270.95M | 224.84M | 243.15M | 255.56M |
| Total Liabilities & Equity | 757.00M | 789.18M | 519.05M | 442.58M | 415.53M | 388.74M |
| Total Debt | 26.84M | 17.45M | 9.91M | 14.72M | 16.74M | |
| Net Cash (Debt) | 390.61M | 463.61M | 280.83M | 212.16M | 213.07M | 270.63M |
| Net Cash Per Share | 1.72 | 2.02 | 1.53 | 1.16 | 1.17 | 1.91 |
| Filing Date Shares Outstanding | 211.57M | 215.47M | 201.83M | 184.01M | 186.78M | 182.60M |
| Total Common Shares Outstanding | 211.43M | 215.08M | 194.07M | 184.65M | 185.28M | 181.80M |
| Working Capital | 278.56M | 351.62M | 171.84M | 148.92M | 163.59M | 222.98M |
| Book Value Per Share | 2.07 | 2.23 | 1.39 | 1.14 | 1.24 | 1.38 |
| Tangible Book Value | 388.98M | 428.66M | 242.55M | 180.90M | 199.16M | 250.35M |
| Tangible Book Value Per Share | 1.84 | 1.99 | 1.25 | 0.98 | 1.07 | 1.38 |
| Buildings | 716.00K | 685.00K | 707.00K | 725.00K | 786.00K | |
| Machinery | 12.48M | 10.22M | 8.34M | 7.89M | 7.27M | |
| Leasehold Improvements | 5.62M | 4.48M | 4.21M | 3.82M | 2.77M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 71.48M | 34.80M | -29.09M | -21.73M | -41.63M | -35.22M |
| Depreciation & Amortization | 6.45M | 6.21M | 5.38M | 4.69M | 3.49M | 1.24M |
| Stock-Based Compensation | 35.39M | 39.31M | 39.06M | 36.05M | 37.22M | 59.51M |
| Provision & Write-off of Bad Debts | 4.04M | 4.04M | ||||
| Other Operating Activities | -12.91M | 11.25M | 44.79M | 18.12M | 8.41M | -18.88M |
| Change in Accounts Receivable | -25.63M | -31.30M | -4.90M | -19.45M | -14.39M | -8.24M |
| Change in Accounts Payable | 11.50M | 3.38M | 22.44M | 6.88M | -2.55M | 10.63M |
| Change in Unearned Revenue | 46.86M | 40.13M | 29.44M | 26.87M | 20.38M | 10.80M |
| Change in Other Net Operating Assets | -32.49M | -22.56M | -18.23M | -16.73M | -11.70M | -14.80M |
| Operating Cash Flow | 104.69M | 85.26M | 88.89M | 34.69M | -774.00K | 5.03M |
| Capital Expenditures | -3.69M | -3.68M | -3.04M | -2.09M | -3.85M | -2.46M |
| Cash Acquisitions | -14.89M | -18.57M | ||||
| Sale (Purchase) of Intangibles | -1.78M | -1.62M | -1.21M | -1.43M | -1.61M | |
| Investment in Securities | 17.00K | 3.53M | -877.00K | 2.58M | -916.00K | |
| Other Investing Activities | -1.88M | -1.25M | ||||
| Investing Cash Flow | -5.45M | -20.20M | -2.60M | -5.65M | -21.45M | -3.38M |
| Long-Term Debt Repaid | -39.00K | -25.00K | ||||
| Net Debt Issued (Repaid) | -39.00K | -25.00K | ||||
| Issuance of Common Stock | 32.63M | 185.90M | 28.21M | 5.57M | 2.82M | 447.14M |
| Repurchase of Common Stock | -141.12M | -49.75M | -33.05M | -39.04M | -19.93M | -107.80M |
| Other Financing Activities | -1.85M | -12.16M | -10.70M | -200.00K | -9.78M | |
| Financing Cash Flow | -110.34M | 123.99M | -15.54M | -33.67M | -17.15M | 198.62M |
| Foreign Exchange Rate Adjustments | -1.47M | 1.28M | -3.18M | 595.00K | -1.66M | -1.17M |
| Net Cash Flow | -12.57M | 190.32M | 67.57M | -4.03M | -41.03M | 199.10M |
| Free Cash Flow | 101.01M | 81.57M | 85.85M | 32.61M | -4.63M | 2.57M |
| Free Cash Flow Margin | 21.67% | 19.45% | 25.98% | 12.00% | -1.99% | 1.34% |
| Free Cash Flow Per Share | 0.44 | 0.36 | 0.47 | 0.18 | -0.03 | 0.02 |
| Levered Free Cash Flow | 81.43M | 64.22M | 90.93M | 39.42M | 22.73M | 30.88M |
| Unlevered Free Cash Flow | 82.21M | 64.22M | 90.93M | 39.42M | 22.76M | 30.88M |
| Cash Income Tax Paid | 13.03M | 6.83M | 6.88M | 6.11M | 3.32M | 4.04M |
| Change in Working Capital | 238.00K | -10.35M | 28.75M | -2.43M | -8.27M | -1.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.62B | 3.00B | 3.10B | 1.51B | 767.22M | 1.14B |
| Enterprise Value | 3.23B | 2.54B | 2.86B | 1.33B | 578.27M | 883.58M |
| Last Close Price | 17.09 | 13.89 | 16.51 | 8.21 | 4.11 | 6.29 |
| PE Ratio | 55.52 | 86.13 | ||||
| Forward PE | 39.54 | 37.45 | 77.15 | 68.88 | 173.42 | 262.08 |
| PS Ratio | 7.76 | 7.14 | 9.37 | 5.55 | 3.30 | 5.95 |
| PB Ratio | 8.27 | 6.26 | 11.43 | 6.71 | 3.15 | 4.46 |
| P/TBV Ratio | 9.30 | 6.99 | 12.76 | 8.34 | 3.85 | 4.56 |
| P/FCF Ratio | 35.80 | 36.74 | 36.06 | 46.24 | 444.19 | |
| P/OCF Ratio | 34.54 | 35.16 | 34.83 | 43.46 | 226.87 | |
| EV/Sales Ratio | 6.92 | 6.07 | 8.66 | 4.88 | 2.49 | 4.60 |
| EV/EBITDA Ratio | 61.36 | 64.03 | 228.13 | |||
| EV/EBIT Ratio | 69.95 | 75.88 | 399.47 | |||
| EV/FCF Ratio | 31.93 | 31.19 | 33.34 | 40.72 | 343.94 | |
| Debt / Equity Ratio | 0.06 | 0.04 | 0.04 | 0.07 | 0.07 | |
| Debt / EBITDA Ratio | 0.42 | 0.34 | 0.46 | |||
| Debt / FCF Ratio | 0.27 | 0.21 | 0.12 | 0.45 | ||
| Net Debt / Equity Ratio | -0.89 | -0.97 | -1.04 | -0.94 | -0.88 | -1.06 |
| Net Debt / EBITDA Ratio | -7.43 | -11.67 | -22.38 | 19.89 | 5.67 | 5.18 |
| Net Debt / FCF Ratio | -3.87 | -5.68 | -3.27 | -6.51 | 46.05 | -105.34 |
| Asset Turnover | 0.64 | 0.64 | 0.69 | 0.63 | 0.58 | 0.69 |
| Quick Ratio | 1.92 | 2.21 | 1.70 | 1.77 | 2.08 | 2.93 |
| Current Ratio | 2.00 | 2.29 | 1.77 | 1.84 | 2.15 | 3.01 |
| Return on Equity (ROE) | 16.25% | 9.37% | -11.76% | -9.19% | -15.52% | -26.52% |
| Return on Assets (ROA) | 3.96% | 3.20% | 0.93% | -2.24% | -6.38% | -11.99% |
| Return on Invested Capital (ROIC) | 99.66% | -71.79% | -136.50% | |||
| Return on Capital Employed (ROCE) | 9.60% | 6.50% | 2.40% | -5.80% | -15.10% | -19.30% |
| Earnings Yield | 1.80% | 1.16% | -0.94% | -1.44% | -5.43% | -3.09% |
| FCF Yield | 2.79% | 2.72% | 2.77% | 2.16% | -0.60% | 0.22% |
| Buyback Yield / Dilution | -17.67% | -24.80% | -0.80% | -0.17% | -28.50% | -57.96% |