AvePoint Announces Third Quarter 2025 Financial Results
AvePoint (NASDAQ: AVPT) reported third quarter 2025 results with total revenue $109.7M (+24% YoY) and SaaS revenue $84.0M (+38% YoY). Total ARR reached $390.0M (+26% YoY). Non-GAAP operating income improved to $24.1M and non-GAAP operating margin was 22.0%. GAAP gross profit was $81.6M and cash, cash equivalents and short-term investments totaled $472.0M as of Sept 30, 2025.
The company highlighted record quarterly net new ARR, product integrations and partner program enhancements, announced a dual listing on SGX under AVP, and raised 2025 guidance for ARR, revenue and non-GAAP operating income, including a full-year non-GAAP operating income target of $77.3M–$78.3M.
AvePoint (NASDAQ: AVPT) ha riportato i risultati del terzo trimestre 2025 con ricavi totali di 109,7 milioni di dollari (+24% YoY) e ricavi SaaS di 84,0 milioni di dollari (+38% YoY). Totale ARR ha raggiunto 390,0 milioni di dollari (+26% YoY). L'utile operativo non GAAP è migliorato a 24,1 milioni di dollari e il margine operativo non GAAP è stato 22,0%. L'utile lordo GAAP è stato di 81,6 milioni di dollari e la cassa, equivalenti di cassa e investimenti a breve termine ammontavano a 472,0 milioni di dollari al 30 settembre 2025.
L'azienda ha evidenziato record di ARR netti trimestrali, integrazioni di prodotto e miglioramenti del programma partner, ha annunciato una dual listing su SGX con ticker AVP, e ha alzato le previsioni per il 2025 per ARR, ricavi e utile operativo non GAAP, inclusa una previsione annuale dell'utile operativo non GAAP di 77,3–78,3 milioni di dollari.
AvePoint (NASDAQ: AVPT) informó los resultados del tercer trimestre de 2025 con ingresos totales de 109,7 millones de dólares (+24% interanual) y ingresos de SaaS de 84,0 millones de dólares (+38% interanual). ARR total alcanzó 390,0 millones de dólares (+26% interanual). El ingreso operativo no GAAP mejoró a 24,1 millones de dólares y el margen operacional no GAAP fue del 22,0%. El beneficio bruto GAAP fue de 81,6 millones de dólares y la caja y equivalentes de caja e inversiones a corto plazo totalizaron 472,0 millones de dólares al 30 de septiembre de 2025.
La compañía destacó un récord trimestral de ARR neto nuevo, integraciones de productos y mejoras en el programa de socios, anunció una dualidad de cotización en SGX bajo AVP, y elevó las previsiones de 2025 para ARR, ingresos y beneficio operativo no GAAP, incluyendo un objetivo anual de beneficio operativo no GAAP de 77,3–78,3 millones de dólares.
AvePoint (NASDAQ: AVPT)가 2025년 3분기 실적을 발표했습니다. 총 매출 109.7백만 달러 (+전년비 24%) 및 SaaS 매출 84.0백만 달러 (+전년비 38%)를 기록했습니다. 총 ARR은 390.0백만 달러 (+전년비 26%)에 도달했습니다. 비GAAP 영업이익은 24.1백만 달러로 개선되었고 비GAAP 영업 이익률은 22.0%였습니다. GAAP 총이익은 81.6백만 달러였으며 2025년 9월 30일 기준 현금 및 현금성자산과 단기투자는 472.0백만 달러에 달했습니다.
회사는 분기별 순 신규 ARR, 제품 통합 및 파트너 프로그램 개선을 사상 최대치로 강조했으며 SGX에서 AVP로 2중 상장 announced하고, ARR, 매출 및 비GAAP 영업이익에 대한 2025년 가이던스를 상향했으며, 연간 비GAAP 영업이익 목표를 77.3–78.3백만 달러로 제시했습니다.
AvePoint (NASDAQ: AVPT) a publié les résultats du troisième trimestre 2025 avec un chiffre d'affaires total de 109,7 M$ (+24% sur un an) et un chiffre d'affaires SaaS de 84,0 M$ (+38% sur un an). Le chiffre d'affaires récurrent annuel total (ARR) a atteint 390,0 M$ (+26% sur un an). Le résultat opérationnel non-GAAP s’est amélioré à 24,1 M$ et la marge opérationnelle non-GAAP était de 22,0%. Le bénéfice brut GAAP était de 81,6 M$ et la trésorerie et équivalents de trésorerie et investissements à court terme totalisaient 472,0 M$ au 30 septembre 2025.
L’entreprise a mis en avant un ARR net trimestriel record, des intégrations de produits et des améliorations du programme partenaires, a annoncé une double cotation sur le SGX sous le symbole AVP, et a relevé ses prévisions 2025 pour l’ARR, le chiffre d’affaires et le résultat opérationnel non-GAAP, y compris un objectif annuel de résultat opérationnel non-GAAP de 77,3–78,3 M$.
AvePoint (NASDAQ: AVPT) hat die Ergebnisse des dritten Quartals 2025 gemeldet mit gesamtumsatz von 109,7 Mio. USD (+24% YoY) und SaaS-Umsatz von 84,0 Mio. USD (+38% YoY). Gesamtes ARR erreichte 390,0 Mio. USD (+26% YoY). Nicht-GAAP-Betriebsergebnis stieg auf 24,1 Mio. USD und die Nicht-GAAP-Betriebs marging betrug 22,0%. GAAP-Bruttogewinn betrug 81,6 Mio. USD und Cash, Cash-Äquivalente und kurzfristige Investitionen beliefen sich zum 30. September 2025 auf 472,0 Mio. USD.
Das Unternehmen hob rekordhohe Quartalsnetto-ARR, Produktintegrationen und Verbesserungen des Partnerprogramms hervor, kündigte eine Dual-Listing an der SGX unter AVP an und hob die Guidance für 2025 in Bezug auf ARR, Umsatz und Nicht-GAAP-Betriebsergebnis an, einschließlich eines jährlichen Nicht-GAAP-BE-Ziels von 77,3–78,3 Mio. USD.
AvePoint (NASDAQ: AVPT) أبلغت عن نتائج الربع الثالث من 2025 مع إجمالي الإيرادات 109.7 مليون دولار (+24% على أساس سنوي) وإيرادات SaaS 84.0 مليون دولار (+38% على أساس سنوي). بلغ إجمالي ARR 390.0 مليون دولار (+26% على أساس سنوي). تحسن الدخل التشغيلي غير GAAP إلى 24.1 مليون دولار وكانت الهامش التشغيلي غير GAAP عند 22.0%. بلغ الربح الإجمالي وفق GAAP 81.6 مليون دولار وتراكم النقد وما يعادله من النقد والاستثمارات قصيرة الأجل بلغ 472.0 مليون دولار حتى 30 سبتمبر 2025.
سلطت الشركة الضوء على رصيدٍ قياسيٍ ربع سنوي لـ ARR النت، ودمج المنتجات وتحسينات برنامج الشركاء، وأعلنت عن إدراج مزدوج في SGX تحت الرمز AVP، ورفعت التوجيهات لعام 2025 لـ ARR والإيرادات والدخل التشغيلي غير GAAP، بما في ذلك هدف دخـل تشغيلي غير GAAP سنوي قدره 77.3–78.3 مليون دولار.
- SaaS revenue +38% YoY to $84.0M
- Total revenue +24% YoY to $109.7M
- Total ARR $390.0M, +26% YoY
- Non-GAAP operating income +35% YoY to $24.1M
- Cash and short-term investments $472.0M as of Sept 30, 2025
- Raised full-year guidance for ARR, revenue and non-GAAP operating income
- None.
Insights
Strong Q3 results: revenue and SaaS growth, positive cash and raised guidance show operational momentum.
AvePoint reported Total revenue of
The company shows profitability and cash strength with
Key items to watch near term include the raised full‑year guidance for ARR to
Revenue mix and retention suggest product‑led SaaS expansion, supported by partner and product launches.
AvePoint shows ARR of
The company announced new integrations and partner program enhancements, which align with the platform strategy and may help sustain net retention and new ARR. Non‑GAAP operating margin guidance of
Near‑term watchers should track incremental net new ARR patterns, retention trends in the next two quarters, and the effect of the new product integrations on SaaS revenue mix through
Third quarter SaaS revenue of
Third quarter Total revenue of
Total ARR of
JERSEY CITY, N.J., Nov. 06, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT, SGX: AVP), the global leader in data security, governance and resilience, today announced financial results for the third quarter ended September 30, 2025.
“Highlighted by record quarterly net new ARR, non-GAAP operating profitability and operating cash flow generation, our third quarter results demonstrate our ability to deliver on the growing demand from our customers and partners to tackle the most pressing AI-related data security and governance challenges,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “Our platform-driven approach to governing and securing data, coupled with our ongoing innovation, especially as agentic AI intensifies existing data management challenges, uniquely positions AvePoint to lead, and we are excited for a strong close to 2025.”
Third Quarter 2025 Financial Highlights
- Revenue: Total revenue was
$109.7 million , up24% from the third quarter of 2024. Within total revenue, SaaS revenue was$84.0 million , up38% from the third quarter of 2024. - Gross Profit: GAAP gross profit was
$81.6 million , compared to$67.6 million for the third quarter of 2024. GAAP gross margin was74.4% , compared to76.1% for the third quarter of 2024. Non-GAAP gross profit was$82.4 million , compared to$68.4 million for the third quarter of 2024. Non-GAAP gross margin was75.1% , compared to77.0% for the third quarter of 2024. - Operating Income/(Loss): GAAP operating income was
$8.1 million , compared to$7.7 million for the third quarter of 2024. GAAP operating margin was7.4% , compared to8.6% in the third quarter of 2024. Non-GAAP operating income was$24.1 million , compared to$17.8 million for the third quarter of 2024. Non-GAAP operating margin was22.0% , compared to20.1% in the third quarter of 2024. - Cash, cash equivalents and short-term investments:
$472.0 million as of September 30, 2025. - Cash from operations: For the nine months ended September 30, 2025, the Company generated
$55.6 million of cash from operations, compared to$56.1 million generated in the prior year period.
Third Quarter 2025 Key Performance Indicators and Recent Business Highlights
- ARR as of September 30, 2025 was
$390.0 million , up26% year-over-year, both on a reported basis and when adjusted for FX. - Dollar-based gross retention rate was
88% , while dollar-based net retention rate was110% , both on a reported basis and when adjusted for FX. - Announced new data protection solutions for Monday.com, Docusign, Smartsheet, Okta, Confluence, and Google Virtual Machines; deeper visibility into the lifecycle and compliance of Copilot Studio Agents; and a new Operational Efficiency Command Center, which helps companies centralize, streamline and track the impact of data governance practices.
- Launched enhanced points-based Global Partner Program aimed at accelerating growth through an ecosystem that rewards active participation, tracks meaningful performance, and equips partners with the resources needed for success.
- Announced its listing on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) under the symbol “AVP”, making AvePoint the first B2B SaaS stock to be listed on the SGX-ST and the first company to be dual listed on both Nasdaq and the SGX-ST.
Financial Outlook
The Company is raising its full-year guidance for revenue and non-GAAP operating income, which includes the respective third quarter outperformance relative to guidance, as well as incremental raises for both metrics.
For the fourth quarter of 2025, the Company expects:
- Total revenues of
$110.0 million to$112.0 million , or year-over-year growth of23% to26% . On a constant currency basis, the Company expects revenue growth of20% to23% . - Non-GAAP operating income of
$21.0 million to$22.0 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
$414.8 million to$416.8 million , or year-over-year growth of25.5% to26.1% . On a constant currency basis, the Company expects revenue growth of23.5% to24.1% . - Non-GAAP operating income of
$77.3 million to$78.3 million , or a non-GAAP operating margin of18.6% to18.8% , representing year-over-year margin expansion of nearly 430 basis points.
Quarterly Conference Call
AvePoint will host a conference call today, November 6, 2025, to review its third 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 2236745. Investors can also join the webcast here. 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, the amortization of acquired intangible assets and expenses related to the secondary listing on the SGX-ST and the Company’s decision to discontinue its participation in a growth equity fund. 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 | Nine Months Ended | ||||||||||||||
| September 30, | September 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenue: | |||||||||||||||
| SaaS | $ | 83,982 | $ | 60,866 | $ | 230,241 | $ | 165,820 | |||||||
| Term license and support | 11,143 | 14,140 | 31,255 | 35,128 | |||||||||||
| Services | 13,766 | 10,810 | 39,189 | 31,808 | |||||||||||
| Maintenance | 837 | 2,988 | 4,125 | 8,543 | |||||||||||
| Total revenue | 109,728 | 88,804 | 304,810 | 241,299 | |||||||||||
| Cost of revenue: | |||||||||||||||
| SaaS | 14,596 | 10,624 | 41,156 | 30,139 | |||||||||||
| Term license and support | 278 | 373 | 1,074 | 1,202 | |||||||||||
| Services | 13,255 | 10,057 | 35,973 | 28,777 | |||||||||||
| Maintenance | 16 | 167 | 320 | 487 | |||||||||||
| Total cost of revenue | 28,145 | 21,221 | 78,523 | 60,605 | |||||||||||
| Gross profit | 81,583 | 67,583 | 226,287 | 180,694 | |||||||||||
| Operating expenses: | |||||||||||||||
| Sales and marketing | 35,593 | 30,050 | 105,888 | 90,459 | |||||||||||
| General and administrative | 23,925 | 17,043 | 62,304 | 52,095 | |||||||||||
| Research and development | 13,936 | 12,838 | 39,585 | 35,827 | |||||||||||
| Total operating expenses | 73,454 | 59,931 | 207,777 | 178,381 | |||||||||||
| Income from operations | 8,129 | 7,652 | 18,510 | 2,313 | |||||||||||
| Other income (expense), net | 4,678 | (4,541 | ) | 6,024 | (8,107 | ) | |||||||||
| Income (loss) before income taxes | 12,807 | 3,111 | 24,534 | (5,794 | ) | ||||||||||
| Income tax (benefit) expense | (210 | ) | 183 | 5,058 | 6,170 | ||||||||||
| Net income (loss) | $ | 13,017 | $ | 2,928 | $ | 19,476 | $ | (11,964 | ) | ||||||
| Net income (loss) attributable to noncontrolling interest | — | 308 | 321 | (59 | ) | ||||||||||
| Net income (loss) available to common stockholders | $ | 13,017 | $ | 2,620 | $ | 19,155 | $ | (11,905 | ) | ||||||
| Net income (loss) per share: | |||||||||||||||
| Basic | $ | 0.06 | $ | 0.01 | $ | 0.09 | $ | (0.07 | ) | ||||||
| Diluted | $ | 0.06 | $ | 0.01 | $ | 0.08 | $ | (0.07 | ) | ||||||
| Weighted average shares outstanding: | |||||||||||||||
| Basic | 212,001 | 183,946 | 205,049 | 182,753 | |||||||||||
| Diluted | 232,897 | 203,859 | 228,985 | 182,753 | |||||||||||
| AvePoint, Inc. Condensed Consolidated Balance Sheets (In thousands, except par value) (Unaudited) | |||||||
| September 30, | December 31, | ||||||
| 2025 | 2024 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 471,640 | $ | 290,735 | |||
| Accounts receivable, net | 90,884 | 87,365 | |||||
| Prepaid expenses and other current assets | 18,169 | 16,695 | |||||
| Total current assets | 580,693 | 394,795 | |||||
| Property and equipment, net | 6,140 | 5,289 | |||||
| Goodwill | 37,908 | 17,715 | |||||
| Intangible assets, net | 12,349 | 8,889 | |||||
| Operating lease right-of-use assets | 18,380 | 15,954 | |||||
| Deferred contract costs | 65,304 | 59,838 | |||||
| Other assets | 22,741 | 16,575 | |||||
| Total assets | $ | 743,515 | $ | 519,055 | |||
| Liabilities and stockholders’ equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 2,519 | $ | 2,352 | |||
| Accrued expenses and other current liabilities | 83,200 | 76,135 | |||||
| Current portion of deferred revenue | 159,136 | 144,468 | |||||
| Total current liabilities | 244,855 | 222,955 | |||||
| Long-term operating lease liabilities | 11,344 | 9,909 | |||||
| Long-term portion of deferred revenue | 15,066 | 8,840 | |||||
| Other liabilities | 5,441 | 6,403 | |||||
| Total liabilities | 276,706 | 248,107 | |||||
| Commitments and contingencies | |||||||
| Stockholders’ equity | |||||||
| Common stock, | 21 | 19 | |||||
| Additional paid-in capital | 970,918 | 779,007 | |||||
| Accumulated other comprehensive income | 6,744 | 576 | |||||
| Accumulated deficit | (510,874 | ) | (510,448 | ) | |||
| Noncontrolling interest | — | 1,794 | |||||
| Total stockholders’ equity | 466,809 | 270,948 | |||||
| Total liabilities and stockholders’ equity | $ | 743,515 | $ | 519,055 | |||
| AvePoint, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) | |||||||
| Nine Months Ended | |||||||
| September 30, | |||||||
| 2025 | 2024 | ||||||
| Operating activities | |||||||
| Net income (loss) | $ | 19,476 | $ | (11,964 | ) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||
| Depreciation and amortization | 4,642 | 4,020 | |||||
| Operating lease right-of-use assets expense | 6,400 | 4,975 | |||||
| Foreign currency remeasurement loss | 4,302 | 1,212 | |||||
| Stock-based compensation | 31,441 | 29,807 | |||||
| Deferred income taxes | (3,617 | ) | (235 | ) | |||
| Allowance for credit loss on notes receivables | 4,037 | — | |||||
| Other | 78 | (4 | ) | ||||
| Change in value of earn-out and warrant liabilities | (408 | ) | 11,717 | ||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | 2,210 | 6,873 | |||||
| Prepaid expenses and other current assets | (972 | ) | 1,767 | ||||
| Deferred contract costs and other assets | (8,616 | ) | (3,280 | ) | |||
| Accounts payable, accrued expenses, other current liabilities, operating lease liabilities and other liabilities | (16,167 | ) | (598 | ) | |||
| Deferred revenue | 12,792 | 11,844 | |||||
| Net cash provided by operating activities | 55,598 | 56,134 | |||||
| Investing activities | |||||||
| Maturities of investments | 140 | 5,361 | |||||
| Purchases of investments | (140 | ) | (1,850 | ) | |||
| Repurchase of noncontrolling interest | (12,148 | ) | — | ||||
| Capitalization of internal-use software | (1,162 | ) | (947 | ) | |||
| Purchase of property and equipment | (2,986 | ) | (2,303 | ) | |||
| Issuance of notes receivables | — | (1,500 | ) | ||||
| Cash paid in business combinations, net of cash acquired | (14,893 | ) | — | ||||
| Other investing activities | — | (130 | ) | ||||
| Net cash used in investing activities | (31,189 | ) | (1,369 | ) | |||
| Financing activities | |||||||
| Purchase of common stock | (27,309 | ) | (21,704 | ) | |||
| Proceeds from warrant exercises | 168,189 | — | |||||
| Proceeds from stock option exercises | 8,519 | 3,613 | |||||
| Funds held on behalf of others | 6,064 | — | |||||
| Redemption of redeemable noncontrolling interest | — | (6,130 | ) | ||||
| Purchase of public warrants | — | (3,991 | ) | ||||
| Repayments of finance leases | (5 | ) | (6 | ) | |||
| Redemption of warrants | (2 | ) | — | ||||
| Net cash provided by (used in) financing activities | 155,456 | (28,218 | ) | ||||
| Effect of exchange rates on cash | 1,040 | 94 | |||||
| Net increase in cash and cash equivalents | 180,905 | 26,641 | |||||
| Cash and cash equivalents at beginning of period | 290,735 | 223,162 | |||||
| Cash and cash equivalents at end of period | $ | 471,640 | $ | 249,803 | |||
| Supplemental disclosures of cash flow information | |||||||
| Income taxes paid | $ | 4,700 | $ | 5,552 | |||
| Unpaid purchase consideration transferred in connection with the business combination | $ | 5,499 | $ | — | |||
| AvePoint, Inc. Non-GAAP Reconciliations (In thousands) (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| September 30, | September 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Non-GAAP operating income | |||||||||||||||
| GAAP operating income | $ | 8,129 | $ | 7,652 | $ | 18,510 | $ | 2,313 | |||||||
| GAAP operating margin | 7.4 | % | 8.6 | % | 6.1 | % | 1.0 | % | |||||||
| Stock-based compensation expense | 10,678 | 9,811 | 31,441 | 29,807 | |||||||||||
| Amortization of acquired intangible assets | 477 | 362 | 1,489 | 1,064 | |||||||||||
| Secondary listing costs | 2,941 | — | 2,941 | — | |||||||||||
| Discontinuation of growth equity fund | 1,917 | — | 1,917 | — | |||||||||||
| Non-GAAP operating income | $ | 24,142 | $ | 17,825 | $ | 56,298 | $ | 33,184 | |||||||
| Non-GAAP operating margin | 22.0 | % | 20.1 | % | 18.5 | % | 13.8 | % | |||||||
| Non-GAAP gross profit | |||||||||||||||
| GAAP gross profit | $ | 81,583 | $ | 67,583 | $ | 226,287 | $ | 180,694 | |||||||
| GAAP gross margin | 74.4 | % | 76.1 | % | 74.2 | % | 74.9 | % | |||||||
| Stock-based compensation expense | 409 | 530 | 1,150 | 1,516 | |||||||||||
| Amortization of acquired intangible assets | 360 | 242 | 1,092 | 722 | |||||||||||
| Non-GAAP gross profit | $ | 82,352 | $ | 68,355 | $ | 228,529 | $ | 182,932 | |||||||
| Non-GAAP gross margin | 75.1 | % | 77.0 | % | 75.0 | % | 75.8 | % | |||||||
| Non-GAAP sales and marketing | |||||||||||||||
| GAAP sales and marketing | $ | 35,593 | $ | 30,050 | $ | 105,888 | $ | 90,459 | |||||||
| Stock-based compensation expense | (2,679 | ) | (2,186 | ) | (7,847 | ) | (6,684 | ) | |||||||
| Amortization of acquired intangible assets | (117 | ) | (120 | ) | (397 | ) | (342 | ) | |||||||
| Non-GAAP sales and marketing | $ | 32,797 | $ | 27,744 | $ | 97,644 | $ | 83,433 | |||||||
| Non-GAAP sales and marketing as a % of revenue | 29.9 | % | 31.2 | % | 32.0 | % | 34.6 | % | |||||||
| Non-GAAP general and administrative | |||||||||||||||
| GAAP general and administrative | $ | 23,925 | $ | 17,043 | $ | 62,304 | $ | 52,095 | |||||||
| Stock-based compensation expense | (5,515 | ) | (4,925 | ) | (15,849 | ) | (15,451 | ) | |||||||
| Secondary listing costs | (2,941 | ) | — | (2,941 | ) | — | |||||||||
| Discontinuation of growth equity fund | (1,917 | ) | — | (1,917 | ) | — | |||||||||
| Non-GAAP general and administrative | $ | 13,552 | $ | 12,118 | $ | 41,597 | $ | 36,644 | |||||||
| Non-GAAP general and administrative as a % of revenue | 12.4 | % | 13.6 | % | 13.6 | % | 15.2 | % | |||||||
| Non-GAAP research and development | |||||||||||||||
| GAAP research and development | $ | 13,936 | $ | 12,838 | $ | 39,585 | $ | 35,827 | |||||||
| Stock-based compensation expense | (2,075 | ) | (2,170 | ) | (6,595 | ) | (6,156 | ) | |||||||
| Non-GAAP research and development | $ | 11,861 | $ | 10,668 | $ | 32,990 | $ | 29,671 | |||||||
| Non-GAAP research and development as a % of revenue | 10.8 | % | 12.0 | % | 10.8 | % | 12.3 | % | |||||||
FAQ
What were AvePoint's third quarter 2025 revenues and SaaS growth (AVPT)?
How much ARR did AvePoint report for Q3 2025 and what is the growth rate (AVPT)?
Did AvePoint change its 2025 guidance after Q3 2025 (AVPT)?
What non-GAAP operating income and margin did AvePoint report in Q3 2025 (AVPT)?
How much cash did AvePoint hold at the end of Q3 2025 (AVPT)?
When is AvePoint's Q3 2025 earnings conference call and how can investors access it (AVPT)?
