AvePoint Announces Second Quarter 2025 Financial Results
AvePoint (NASDAQ: AVPT), a leader in data security and governance, reported strong Q2 2025 financial results, marking its first quarter exceeding $100 million in revenue. The company achieved total revenue of $102.0 million, up 31% year-over-year, with SaaS revenue reaching $77.3 million, growing 44% YoY.
Key metrics include total ARR of $367.6 million (27% YoY growth), GAAP operating income of $7.1 million, and non-GAAP operating income of $18.8 million. The company maintains strong financials with $430.1 million in cash and equivalents. AvePoint raised its full-year 2025 guidance, projecting total ARR of $412.8-418.8 million and total revenues of $406.6-410.6 million.
AvePoint (NASDAQ: AVPT), leader nella sicurezza e governance dei dati, ha riportato solidi risultati finanziari del secondo trimestre 2025, segnando il suo primo trimestre con ricavi superiori a 100 milioni di dollari. L'azienda ha raggiunto un fatturato totale di 102,0 milioni di dollari, in crescita del 31% rispetto all'anno precedente, con ricavi SaaS pari a 77,3 milioni di dollari, in aumento del 44% su base annua.
Le principali metriche includono un ARR totale di 367,6 milioni di dollari (crescita del 27% annua), un reddito operativo GAAP di 7,1 milioni di dollari e un reddito operativo non-GAAP di 18,8 milioni di dollari. L'azienda mantiene una solida posizione finanziaria con 430,1 milioni di dollari in liquidità e equivalenti. AvePoint ha rivisto al rialzo le previsioni per l'intero anno 2025, prevedendo un ARR totale tra 412,8 e 418,8 milioni di dollari e ricavi totali tra 406,6 e 410,6 milioni di dollari.
AvePoint (NASDAQ: AVPT), líder en seguridad y gobernanza de datos, reportó sólidos resultados financieros del segundo trimestre de 2025, marcando su primer trimestre con ingresos superiores a 100 millones de dólares. La compañía alcanzó un ingreso total de 102.0 millones de dólares, un aumento del 31% interanual, con ingresos SaaS de 77.3 millones de dólares, creciendo un 44% anual.
Las métricas clave incluyen un ARR total de 367.6 millones de dólares (crecimiento anual del 27%), ingreso operativo GAAP de 7.1 millones de dólares e ingreso operativo non-GAAP de 18.8 millones de dólares. La empresa mantiene una sólida posición financiera con 430.1 millones de dólares en efectivo y equivalentes. AvePoint elevó sus previsiones para todo el año 2025, proyectando un ARR total de 412.8-418.8 millones y unos ingresos totales de 406.6-410.6 millones de dólares.
AvePoint (NASDAQ: AVPT)는 데이터 보안 및 거버넌스 분야의 선두주자로서, 2025년 2분기 재무 실적을 발표하며 처음으로 분기 매출 1억 달러를 돌파했습니다. 회사는 총 매출 1억 2백만 달러를 기록하며 전년 대비 31% 성장했으며, SaaS 매출은 7,730만 달러로 전년 대비 44% 증가했습니다.
주요 지표로는 총 ARR 3억 6,760만 달러(전년 대비 27% 성장), GAAP 영업이익 710만 달러, 비-GAAP 영업이익 1,880만 달러가 있습니다. 회사는 4억 3,010만 달러의 현금 및 현금성 자산을 보유하며 견고한 재무 상태를 유지하고 있습니다. AvePoint는 2025년 연간 가이던스를 상향 조정하여 총 ARR 4억 1,280만~4억 1,880만 달러, 총 매출 4억 660만~4억 1,060만 달러를 예상하고 있습니다.
AvePoint (NASDAQ : AVPT), un leader dans la sécurité et la gouvernance des données, a annoncé de solides résultats financiers pour le deuxième trimestre 2025, franchissant pour la première fois le cap des 100 millions de dollars de revenus au cours d’un trimestre. La société a réalisé un chiffre d'affaires total de 102,0 millions de dollars, en hausse de 31 % par rapport à l'année précédente, avec des revenus SaaS atteignant 77,3 millions de dollars, soit une croissance de 44 % en glissement annuel.
Les indicateurs clés comprennent un ARR total de 367,6 millions de dollars (croissance annuelle de 27 %), un résultat opérationnel GAAP de 7,1 millions de dollars et un résultat opérationnel non-GAAP de 18,8 millions de dollars. La société maintient une solide position financière avec 430,1 millions de dollars en liquidités et équivalents. AvePoint a relevé ses prévisions pour l’ensemble de l’année 2025, envisageant un ARR total compris entre 412,8 et 418,8 millions de dollars et des revenus totaux entre 406,6 et 410,6 millions de dollars.
AvePoint (NASDAQ: AVPT), ein führendes Unternehmen im Bereich Datensicherheit und Governance, meldete starke Finanzergebnisse für das zweite Quartal 2025 und erreichte erstmals einen Quartalsumsatz von über 100 Millionen US-Dollar. Das Unternehmen erzielte einen Gesamtumsatz von 102,0 Millionen US-Dollar, was einem Anstieg von 31 % im Jahresvergleich entspricht, wobei der SaaS-Umsatz 77,3 Millionen US-Dollar erreichte und um 44 % gegenüber dem Vorjahr wuchs.
Wichtige Kennzahlen umfassen ein Gesamt-ARR von 367,6 Millionen US-Dollar (27 % Wachstum im Jahresvergleich), einen GAAP-Betriebsgewinn von 7,1 Millionen US-Dollar und einen Non-GAAP-Betriebsgewinn von 18,8 Millionen US-Dollar. Das Unternehmen hält eine starke Finanzlage mit 430,1 Millionen US-Dollar an liquiden Mitteln und Äquivalenten. AvePoint hat seine Prognose für das Gesamtjahr 2025 angehoben und erwartet ein Gesamt-ARR von 412,8 bis 418,8 Millionen US-Dollar sowie einen Gesamtumsatz von 406,6 bis 410,6 Millionen US-Dollar.
- First-time achievement of $100+ million quarterly revenue milestone
- SaaS revenue grew 44% year-over-year to $77.3 million
- Improved GAAP operating income to $7.1 million from -$2.1 million loss year-over-year
- Strong cash position of $430.1 million
- Dollar-based net retention rate of 112%
- Raised full-year guidance for all metrics
- Slight decline in GAAP gross margin to 74.0% from 75.7% year-over-year
- Decreased cash from operations to $20.8 million from $23.9 million in prior year period
- Dollar-based gross retention rate declined to 88-89%
Insights
AvePoint delivered exceptional Q2 results with milestone $100M revenue, strong SaaS growth, and improved profitability, raising full-year guidance.
AvePoint has reached a significant milestone this quarter, surpassing
The company's shift to profitability is noteworthy. They've transformed from an operating loss of
AvePoint's retention metrics paint a compelling picture of their product stickiness. Their dollar-based net retention rate of
Management's confidence is evident in their raised full-year guidance across all metrics. They're now targeting
The company's established goal of reaching
Total quarterly revenue surpassed
Second quarter SaaS revenue of
Second quarter Total revenue of
Total ARR of
JERSEY CITY, N.J., Aug. 07, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced financial results for the second quarter ended June 30, 2025.
“Highlighted by outperformance on both the top and bottom line, AvePoint’s exceptional second quarter results are further evidence of our ability to efficiently deliver the integrated data security, governance and resilience solutions that organizations need to thrive in the AI era,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “Additionally, crossing the
Second Quarter 2025 Financial Highlights
- Revenue: Total revenue was
$102.0 million , up31% from the second quarter of 2024. Within total revenue, SaaS revenue was$77.3 million , up44% from the second quarter of 2024.
- Gross Profit: GAAP gross profit was
$75.5 million , compared to$59.0 million for the second quarter of 2024. GAAP gross margin was74.0% , compared to75.7% for the second quarter of 2024. Non-GAAP gross profit was$76.3 million , compared to$59.4 million for the second quarter of 2024. Non-GAAP gross margin was74.8% , compared to76.2% for the second quarter of 2024.
- Operating Income/(Loss): GAAP operating income was
$7.1 million , compared to a GAAP operating loss of$(2.1) million for the second quarter of 2024. GAAP operating margin was7.0% , compared to (2.7)% in the second quarter of 2024. Non-GAAP operating income was$18.8 million , compared to$8.7 million for the second quarter of 2024. Non-GAAP operating margin was18.4% , compared to11.2% in the second quarter of 2024.
- Cash, cash equivalents and short-term investments:
$430.1 million as of June 30, 2025.
- Cash from operations: For the six months ended June 30, 2025, the Company generated
$20.8 million of cash from operations, compared to$23.9 million generated in the prior year period.
Second Quarter 2025 Key Performance Indicators and Recent Business Highlights
- ARR as of June 30, 2025 was
$367.6 million , up27% year-over-year, both on a reported basis and when adjusted for FX.
- Adjusted for FX, dollar-based gross retention rate was
89% , while dollar-based net retention rate was112% . On an as-reported basis, dollar-based gross retention rate was88% , while dollar-based net retention rate was112% .
- Expanded the AvePoint Confidence Platform with new Risk Posture, Optimization & ROI, and Resilience command centers, along with advanced Agentic AI security features, to deliver unified data governance, actionable insights, and scalable Copilot agent protection across distributed AI environments.
- Introduced advanced user lifecycle and device management, marketplace integration, and risk user insights to the AvePoint Elements Platform, empowering Managed Service Providers to streamline operations, enhance security, and drive profitability at scale.
- Named to Inc.’s Best Workplaces list for the second consecutive year, which honors organizations creating exceptional workplaces and company cultures and reflects the Company’s ongoing investment in its people.
Financial Outlook
The Company is raising its full-year guidance for all metrics. The Company’s updated full-year guidance for revenue and non-GAAP operating income includes the respective second quarter outperformance relative to guidance as well as incremental raises, and the Company’s updated full-year guidance for ARR includes a raise versus the Company’s prior full-year ARR guidance.
For the third quarter of 2025, the Company expects:
- Total revenues of
$104.6 million to$106.6 million , or year-over-year growth of18% to20% . On a constant currency basis, the Company expects revenue growth of16% to18% . - Non-GAAP operating income of
$18.0 million to$19.0 million .
For the full year 2025, the Company now expects:
- Total ARR of
$412.8 million to$418.8 million , or year-over-year growth of26% to28% . Adjusted for FX, the Company expects ARR growth of24% to26% . - Total revenues of
$406.6 million to$410.6 million , or year-over-year growth of23% to24% . On a constant currency basis, the Company expects revenue growth of21% to22% . - Non-GAAP operating income of
$68.3 million to$70.8 million .
Quarterly Conference Call
AvePoint will host a conference call today, August 7, 2025, to review its second quarter 2025 financial results and to discuss its financial outlook. The call is scheduled to begin at 4:30pm ET. You may access the call and register with a live operator by dialing 1 (833) 816-1428 for US participants and 1 (412) 317-0520 for outside the US. The passcode for the call is 0727391. Investors can also join by webcast by visiting https://www.avepoint.com/ir/events-and-presentations. The webcast will be available live, and a replay will be available following the completion of the live broadcast for approximately 90 days.
About AvePoint
Beyond Secure. AvePoint is the global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.
Non-GAAP Financial Measures and Other Key Metrics
To supplement AvePoint’s consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (including percentage of revenue figures), non-GAAP operating income and non-GAAP operating margin, and key metrics include annual recurring revenue, dollar-based gross retention rate, and dollar-based net retention rate. The Company has included a reconciliation of GAAP to non-GAAP financial measures at the end of this press release. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense and the amortization of acquired intangible assets. The Company believes the presentation of its non-GAAP financial measures provides a better representation as to its overall operating performance. The presentation of AvePoint’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for its financial results prepared in accordance with GAAP, and AvePoint’s non-GAAP measures may be different from non-GAAP measures used by other companies.
Annual Recurring Revenue. This metric is calculated as the annualized sum of contractually obligated Annual Contract Value (“ACV”) from SaaS, term license and support, and maintenance revenue sources from all active customers at the end of a reporting period. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or replace these items. ARR is not a forecast of future revenue, and the active contracts used in calculating ARR may or may not be extended or renewed by our customers. The Company believes this metric further enables measurement of its business performance, is an important metric for financial forecasting and better enables strategic decision making. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.
Dollar-based Gross Retention Rate. This metric is calculated by starting with the ARR from all active customers as of 12 months prior to such period end, or Prior Period ARR. The Company then calculates ARR from these same customers as of the current period end, or Current Period ARR. Current Period ARR includes net contraction or attrition over the last 12 months but excludes ARR from new customers in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based gross retention rate. The Company uses this metric as a measure of its ability to retain existing customers, and believes it is useful to investors for the same reason. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.
Dollar-based Net Retention Rate. This metric is calculated by starting with the ARR from all active customers as of 12 months prior to such period end, or Prior Period ARR. The Company then calculates ARR from these same customers as of the current period end, or Current Period ARR. Current Period ARR includes net expansion over the last 12 months but excludes ARR from new customers in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate. The Company uses this metric as a measure of its ability to expand business with existing customers, and believes it is useful to investors for the same reason. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.
Guidance for non-GAAP financial measures excludes, as applicable, share-based compensation expense and the amortization of intangible assets related to acquisitions. A reconciliation of the guidance for non-GAAP financial measures to the corresponding GAAP measures is not available on a forward-looking basis due to the uncertainty regarding, and the potential variability and significance of, the amounts of share-based compensation expense and amortization of intangible assets related to acquisitions that are excluded from the guidance, as well as changes in interest rates and foreign exchange rates, which impact other GAAP performance metrics. Accordingly, a reconciliation of the non-GAAP financial measures guidance to the corresponding GAAP measures for future periods is not available without unreasonable effort.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.
Disclosure Information
AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Investor Contact
AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654
Media Contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143
| AvePoint, Inc. Condensed Consolidated Statements of Income (Loss) (In thousands, except per share amounts) (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenue: | |||||||||||||||
| SaaS | $ | 77,317 | $ | 53,643 | $ | 146,259 | $ | 104,954 | |||||||
| Term license and support | 8,922 | 10,983 | 20,112 | 20,988 | |||||||||||
| Services | 14,486 | 10,517 | 25,423 | 20,998 | |||||||||||
| Maintenance | 1,293 | 2,818 | 3,288 | 5,555 | |||||||||||
| Total revenue | 102,018 | 77,961 | 195,082 | 152,495 | |||||||||||
| Cost of revenue: | |||||||||||||||
| SaaS | 14,023 | 9,745 | 26,560 | 19,515 | |||||||||||
| Term license and support | 385 | 413 | 796 | 829 | |||||||||||
| Services | 11,920 | 8,647 | 22,718 | 18,720 | |||||||||||
| Maintenance | 151 | 137 | 304 | 320 | |||||||||||
| Total cost of revenue | 26,479 | 18,942 | 50,378 | 39,384 | |||||||||||
| Gross profit | 75,539 | 59,019 | 144,704 | 113,111 | |||||||||||
| Operating expenses: | |||||||||||||||
| Sales and marketing | 35,773 | 30,470 | 70,295 | 60,409 | |||||||||||
| General and administrative | 19,712 | 18,184 | 38,379 | 35,052 | |||||||||||
| Research and development | 12,960 | 12,503 | 25,649 | 22,989 | |||||||||||
| Total operating expenses | 68,445 | 61,157 | 134,323 | 118,450 | |||||||||||
| Income (loss) from operations | 7,094 | (2,138 | ) | 10,381 | (5,339 | ) | |||||||||
| Other (expense) income, net | (240 | ) | (6,970 | ) | 1,346 | (3,566 | ) | ||||||||
| Income (loss) before income taxes | 6,854 | (9,108 | ) | 11,727 | (8,905 | ) | |||||||||
| Income tax expense | 3,961 | 3,830 | 5,268 | 5,987 | |||||||||||
| Net income (loss) | $ | 2,893 | $ | (12,938 | ) | $ | 6,459 | $ | (14,892 | ) | |||||
| Net income (loss) attributable to noncontrolling interest | 195 | (129 | ) | 321 | (367 | ) | |||||||||
| Net income (loss) available to common stockholders | $ | 2,698 | $ | (12,809 | ) | $ | 6,138 | $ | (14,525 | ) | |||||
| Net income (loss) per share: | |||||||||||||||
| Basic | $ | 0.01 | $ | (0.07 | ) | $ | 0.03 | $ | (0.08 | ) | |||||
| Diluted | $ | 0.01 | $ | (0.07 | ) | $ | 0.03 | $ | (0.08 | ) | |||||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 205,068 | 182,804 | 201,516 | 182,150 | |||||||||||
| Diluted | 229,179 | 182,804 | 226,951 | 182,150 | |||||||||||
| AvePoint, Inc. Condensed Consolidated Balance Sheets (In thousands, except par value) (Unaudited) | |||||||
| June 30, | December 31, | ||||||
| 2025 | 2024 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 429,816 | $ | 290,735 | |||
| Short-term investments | 325 | 167 | |||||
| Accounts receivable, net | 93,329 | 87,365 | |||||
| Prepaid expenses and other current assets | 16,353 | 16,528 | |||||
| Total current assets | 539,823 | 394,795 | |||||
| Property and equipment, net | 6,224 | 5,289 | |||||
| Goodwill | 38,818 | 17,715 | |||||
| Intangible assets, net | 11,569 | 8,889 | |||||
| Operating lease right-of-use assets | 18,343 | 15,954 | |||||
| Deferred contract costs | 63,300 | 59,838 | |||||
| Other assets | 22,052 | 16,575 | |||||
| Total assets | $ | 700,129 | $ | 519,055 | |||
| Liabilities and stockholders’ equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 1,806 | $ | 2,352 | |||
| Accrued expenses and other current liabilities | 67,958 | 76,135 | |||||
| Current portion of deferred revenue | 158,465 | 144,468 | |||||
| Total current liabilities | 228,229 | 222,955 | |||||
| Long-term operating lease liabilities | 11,592 | 9,909 | |||||
| Long-term portion of deferred revenue | 11,773 | 8,840 | |||||
| Other liabilities | 5,400 | 6,403 | |||||
| Total liabilities | 256,994 | 248,107 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity | |||||||
| Common stock, | 21 | 19 | |||||
| Additional paid-in capital | 953,446 | 779,007 | |||||
| Accumulated other comprehensive income | 7,615 | 576 | |||||
| Accumulated deficit | (517,947 | ) | (510,448 | ) | |||
| Noncontrolling interest | — | 1,794 | |||||
| Total stockholders’ equity | 443,135 | 270,948 | |||||
| Total liabilities and stockholders’ equity | $ | 700,129 | $ | 519,055 | |||
| AvePoint, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) | |||||||
| Six Months Ended | |||||||
| June 30, | |||||||
| 2025 | 2024 | ||||||
| Operating activities | |||||||
| Net income (loss) | $ | 6,459 | $ | (14,892 | ) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 3,126 | 2,623 | |||||
| Operating lease right-of-use assets expense | 4,301 | 3,134 | |||||
| Foreign currency remeasurement loss | 4,053 | 1,162 | |||||
| Stock-based compensation | 20,763 | 19,996 | |||||
| Deferred income taxes | (155 | ) | (157 | ) | |||
| Other | 1,091 | (45 | ) | ||||
| Change in value of earn-out and warrant liabilities | (408 | ) | 7,180 | ||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | 285 | 5,364 | |||||
| Prepaid expenses and other current assets | 2,591 | 5,079 | |||||
| Deferred contract costs and other assets | (5,438 | ) | 3,493 | ||||
| Accounts payable, accrued expenses, other current liabilities, operating lease liabilities and other liabilities | (23,872 | ) | (9,457 | ) | |||
| Deferred revenue | 7,969 | 434 | |||||
| Net cash provided by operating activities | 20,765 | 23,914 | |||||
| Investing activities | |||||||
| Maturities of investments | — | 1,193 | |||||
| Purchases of investments | — | (1,405 | ) | ||||
| Repurchase of noncontrolling interest | (12,148 | ) | — | ||||
| Capitalization of internal-use software | (812 | ) | (729 | ) | |||
| Purchase of property and equipment | (2,479 | ) | (896 | ) | |||
| Issuance of notes receivables | — | (750 | ) | ||||
| Cash paid in business combinations, net of cash acquired | (14,893 | ) | — | ||||
| Net cash used in investing activities | (30,332 | ) | (2,587 | ) | |||
| Financing activities | |||||||
| Purchase of common stock | (18,954 | ) | (19,151 | ) | |||
| Proceeds from warrant exercises | 157,723 | — | |||||
| Proceeds from stock option exercises | 8,029 | 3,334 | |||||
| Repayments of finance leases | (4 | ) | (3 | ) | |||
| Net cash provided by (used in) financing activities | 146,794 | (15,820 | ) | ||||
| Effect of exchange rates on cash | 1,854 | (1,671 | ) | ||||
| Net increase in cash and cash equivalents | 139,081 | 3,836 | |||||
| Cash and cash equivalents at beginning of period | 290,735 | 223,162 | |||||
| Cash and cash equivalents at end of period | $ | 429,816 | $ | 226,998 | |||
| Supplemental disclosures of cash flow information | |||||||
| Income taxes paid | $ | 2,411 | $ | 3,270 | |||
| Unpaid purchase consideration transferred in connection with the business combination | $ | 5,499 | $ | — | |||
| Unpaid redemption of noncontrolling interest | $ | — | $ | 5,926 | |||
| Receivable proceeds from warrant exercises | $ | 1,747 | $ | — | |||
| AvePoint, Inc. Non-GAAP Reconciliations (In thousands) (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Non-GAAP operating income | |||||||||||||||
| GAAP operating income (loss) | $ | 7,094 | $ | (2,138 | ) | $ | 10,381 | $ | (5,339 | ) | |||||
| GAAP operating margin | 7.0 | % | (2.7 | )% | 5.3 | % | (3.5 | )% | |||||||
| Stock-based compensation expense | 11,143 | 10,538 | 20,763 | 19,996 | |||||||||||
| Amortization of acquired intangible assets | 546 | 349 | 1,012 | 702 | |||||||||||
| Non-GAAP operating income | $ | 18,783 | $ | 8,749 | $ | 32,156 | $ | 15,359 | |||||||
| Non-GAAP operating margin | 18.4 | % | 11.2 | % | 16.5 | % | 10.1 | % | |||||||
| Non-GAAP gross profit | |||||||||||||||
| GAAP gross profit | $ | 75,539 | $ | 59,019 | $ | 144,704 | $ | 113,111 | |||||||
| GAAP gross margin | 74.0 | % | 75.7 | % | 74.2 | % | 74.2 | % | |||||||
| Stock-based compensation expense | 399 | 115 | 741 | 986 | |||||||||||
| Amortization of acquired intangible assets | 399 | 239 | 732 | 480 | |||||||||||
| Non-GAAP gross profit | $ | 76,337 | $ | 59,373 | $ | 146,177 | $ | 114,577 | |||||||
| Non-GAAP gross margin | 74.8 | % | 76.2 | % | 74.9 | % | 75.1 | % | |||||||
| Non-GAAP sales and marketing | |||||||||||||||
| GAAP sales and marketing | $ | 35,773 | $ | 30,470 | $ | 70,295 | $ | 60,409 | |||||||
| Stock-based compensation expense | (2,842 | ) | (2,214 | ) | (5,168 | ) | (4,498 | ) | |||||||
| Amortization of acquired intangible assets | (147 | ) | (110 | ) | (280 | ) | (222 | ) | |||||||
| Non-GAAP sales and marketing | $ | 32,784 | $ | 28,146 | $ | 64,847 | $ | 55,689 | |||||||
| Non-GAAP sales and marketing as a % of revenue | 32.1 | % | 36.1 | % | 33.2 | % | 36.5 | % | |||||||
| Non-GAAP general and administrative | |||||||||||||||
| GAAP general and administrative | $ | 19,712 | $ | 18,184 | $ | 38,379 | $ | 35,052 | |||||||
| Stock-based compensation expense | (5,580 | ) | (5,559 | ) | (10,334 | ) | (10,526 | ) | |||||||
| Non-GAAP general and administrative | $ | 14,132 | $ | 12,625 | $ | 28,045 | $ | 24,526 | |||||||
| Non-GAAP general and administrative as a % of revenue | 13.9 | % | 16.2 | % | 14.4 | % | 16.1 | % | |||||||
| Non-GAAP research and development | |||||||||||||||
| GAAP research and development | $ | 12,960 | $ | 12,503 | $ | 25,649 | $ | 22,989 | |||||||
| Stock-based compensation expense | (2,322 | ) | (2,650 | ) | (4,520 | ) | (3,986 | ) | |||||||
| Non-GAAP research and development | $ | 10,638 | $ | 9,853 | $ | 21,129 | $ | 19,003 | |||||||
| Non-GAAP research and development as a % of revenue | 10.4 | % | 12.6 | % | 10.8 | % | 12.5 | % | |||||||
FAQ
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