AVPT

MKT CAP:$2B

AvePoint, Inc.

Market Cap

$2B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$9.86-$3.37 (-25.45%)

Apr 24, 2026

Company Details

AvePoint, Inc. provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance ma...

CEO

Tianyi Jiang

IPO Date

Nov 5, 2019

Website

www.avepoint.com

Key Metrics TTM

Revenue

$392M

+36.5% YoY

Net Income

-$1M

EPS (Diluted)

-$0.04

Free Cash Flow

$110M

Revenue / Share

$1.69

Gross Margin

74.6%

Operating Margin

6.5%

Net Margin

-0.3%

FCF Margin

28.1%

P/S

5.4x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 26, 2026

$419M+26.9%EPS $0.15

Q4 2025

Feb 26, 2026

$115M+28.6%EPS $0.07

Q3 2025

Nov 6, 2025

$110MEPS $0.06

FY 2024

Feb 27, 2025

$330M+21.6%EPS -$0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$0	$0	-$1.0K
Q3 19	$0	$0	-$131.5K
Q1 20	$33M	$22M	-$72.0K
Q4 20	$46M	$36M	-$11M
Q2 21	$45M	$34M	-$11M
Q3 21	$54M	$39M	-$29M
Q1 23	$60M	$42M	-$9M
Q2 23	$65M	$45M	-$7M
Q3 23	$73M	$53M	-$313.0K
Q4 23	$75M	$55M	$878.0K
Q1 24	$75M	$54M	-$3M
Q2 24	$78M	$59M	-$2M
Q4 24	$89M	$67M	$5M
Q3 25	$110M	$82M	$8M
Q4 25	$115M	$84M	$15M

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q3 19	—	—
Q1 20	—	—
Q4 20	27.0x	—
Q2 21	17.1x	—
Q3 21	12.0x	—
Q1 23	10.4x	—
Q2 23	9.5x	—
Q3 23	8.5x	—
Q4 23	7.8x	—
Q1 24	7.4x	—
Q2 24	7.1x	—
Q4 24	6.7x	—
Q3 25	6.1x	—
Q4 25	5.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$382.9K	-$382.9K
Q4 20	$8M	$7M
Q2 21	$2M	$2M
Q3 21	-$4M	-$5M
Q1 23	$1M	$766.0K
Q2 23	$8M	$7M
Q3 23	$4M	$3M
Q4 23	$21M	$20M
Q1 24	$8M	$7M
Q2 24	$16M	$15M
Q4 24	$33M	$32M
Q3 25	$35M	$34M
Q4 25	$30M	$29M

Capital Expenditures

Quarter	CapEx
Q1 20	$2
Q4 20	$709.0K
Q2 21	$631.0K
Q3 21	$1M
Q1 23	$484.0K
Q2 23	$949.0K
Q3 23	$1M
Q4 23	$1M
Q1 24	$893.0K
Q2 24	$732.0K
Q4 24	$1M
Q3 25	$857.0K
Q4 25	$697.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	—	+5654600.0%
Q3 21	—	+62719.5%
Q1 23	+82.4%	+109.0%
Q2 23	+40.6%	+26.4%
Q3 23	+60.5%	+29.2%
Q4 23	+38.4%	-10.7%
Q1 24	+25.1%	+13.6%
Q2 24	+20.2%	+11.3%
Q4 24	+22.6%	+15.4%
Q3 25	+47.0%	+37.8%
Q4 25	+53.9%	+28.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	0.0%
Q4 20	$18M	38.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 23	$8M	13.6%
Q2 23	$10M	14.8%
Q3 23	$9M	12.8%
Q4 23	$9M	12.2%
Q1 24	$9M	12.7%
Q2 24	$11M	13.5%
Q4 24	$9M	10.4%
Q3 25	$11M	9.7%
Q4 25	$8M	6.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 19	—	—	—	$1.0K
Q3 19	—	$31.5K	—	—
Q1 20	$3M	$5M	$14M	—
Q4 20	$3M	$16M	$27M	—
Q2 21	$4M	$12M	$29M	—
Q3 21	$20M	$22M	$25M	—
Q1 23	$9M	$15M	$27M	—
Q2 23	$9M	$15M	$28M	—
Q3 23	$9M	$16M	$28M	—
Q4 23	$9M	$16M	$29M	—
Q1 24	$10M	$17M	$30M	—
Q2 24	$13M	$18M	$30M	—
Q4 24	$13M	$17M	$32M	—
Q3 25	$14M	$21M	$36M	—
Q4 25	$13M	$22M	$38M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 19	—	—	—
Q3 19	—	—	—
Q1 20	—	0.6%	—
Q4 20	—	-22.8%	—
Q2 21	—	-24.1%	—
Q3 21	—	-52.6%	—
Q1 23	82.4%	-12.9%	69.5
Q2 23	40.6%	-9.2%	31.4
Q3 23	60.5%	1.2%	61.7
Q4 23	38.4%	2.8%	41.2
Q1 24	25.1%	-2.6%	22.6
Q2 24	20.2%	-1.0%	19.1
Q4 24	22.6%	7.0%	29.5
Q3 25	47.0%	13.1%	60.1
Q4 25	53.9%	15.3%	69.2

Rule of 40

Revenue Segments

Quarter	Maintenance	SaaS [Member	Service	Termed License and Support	Saa S
Q3 23	$3M	$42M	$11M	$16M	—
Q1 24	$3M	—	$10M	$10M	$51M
Q2 24	$3M	—	$11M	$11M	$54M

Revenue by Geography

Quarter	Asia Pacific	Emea	North America
Q3 21	$15M	$15M	$24M
Q1 23	$16M	$19M	$24M
Q2 23	$17M	$20M	$28M
Q3 23	$19M	$22M	$32M
Q4 23	$20M	$21M	$34M
Q1 24	$22M	$23M	$30M
Q2 24	$23M	$23M	$32M
Q4 24	$25M	$27M	$37M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$79M	$181M	$260M
Q2 22	$65M	$182M	$247M
Q3 22	$218M	$2M	$220M
Q4 22	$227M	$3M	$230M
Q1 23	$229M	$3M	$232M
Q2 23	$220M	$3M	$223M
Q3 23	$206M	$3M	$209M
Q4 23	$223M	$4M	$227M
Q1 24	$215M	$4M	$219M
Q2 24	$227M	$4M	$231M
Q3 24	$250M	$173.0K	$250M
Q4 24	$291M	$167.0K	$291M
Q1 25	$351M	$317.0K	$352M
Q2 25	$430M	$325.0K	$430M
Q3 25	$472M	$0	$472M
Q4 25	$481M	$0	$481M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	40M	—	—
Q3 19	44M	+9.4%	—
Q1 20	45M	+1.6%	—
Q4 20	98M	+120.4%	—
Q2 21	180M	+83.6%	+349.8%
Q3 21	177M	-2.0%	+302.7%
Q1 23	183M	+3.5%	+310.3%
Q2 23	183M	+0.3%	+86.7%
Q3 23	182M	-0.8%	+0.8%
Q4 23	182M	+0.3%	+3.2%
Q1 24	181M	-0.4%	-0.7%
Q2 24	183M	+0.7%	-0.3%
Q4 24	187M	+2.1%	+2.7%
Q3 25	233M	+24.8%	+27.8%
Q4 25	231M	-0.7%	+27.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	—	—
Q3 19	—	—
Q1 20	$16M	2
Q4 20	$23M	2
Q2 21	$23M	2
Q3 21	$27M	2
Q1 23	$27.2K	2K
Q2 23	$29.7K	2K
Q3 23	$33.3K	2K
Q4 23	$29.3K	3K
Q1 24	$29.3K	3K
Q2 24	$30.7K	3K
Q4 24	$30.4K	3K
Q3 25	$37.4K	3K
Q4 25	$33.3K	3K

Revenue / Employee