AvePoint, Inc. (AVPT)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$466.2M

Revenue growth

25.0%

Net income, last twelve months

$71.5M

Earnings per share

$0.32

Gross margin

73.4%

Operating margin

9.8%

Net margin

15.3%

Free cash flow

$101.0M

Return on equity

16.4%

Market value

$3.6B

Price to earnings

53.7x

Cash

$417.3M

Debt

$0

Debt to equity

0.00

Shares outstanding

211.4M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of 2026 results, filed 6 August 2026.

• Revenue rose 22% to $124.5M. Total revenue grew 22% year over year, or 21% on a constant currency basis, and was up from $117.2 million in the first quarter.
• Net income and EPS rose. Net income was $27.6 million against $2.9 million, and diluted EPS was $0.12 against $0.01. Income tax was a $15.6 million benefit, including a $19.9 million valuation allowance release.
• Operating income and margin rose. GAAP operating income was $10.2 million against $7.1 million, a GAAP operating margin of 8.2% against 7.0%. Non-GAAP operating income was $20.3 million against $18.8 million.
• SaaS revenue rose 27%. SaaS revenue was $98.5 million against $77.3 million, about 79% of total revenue for the quarter.
• Term license revenue flat. Term license and support revenue was $10.2 million in both quarters. Six-month term license and support revenue was $19.6 million against $23.4 million.
• Services revenue and cost rose. Services revenue was $15.7 million against $14.5 million. Services cost of revenue was $15.3 million against $11.9 million.
• Third State of AI report. The company released its third annual State of AI report. Management said governance gaps, deployment delays and AI-generated data are compounding the challenge.
• Trust layer extended to agentic AI. Advancements to the AvePoint Confidence Platform extend the trust layer to agentic AI, new enterprise applications and new multicloud infrastructure.
• Trust layer defined as connected controls. Management describes the trust layer as the connected layer of governance, security, recovery and backup controls across an organization's data.
• Self-description changed to Trust Layer. The release describes the company as the unifying Trust Layer for AI. The prior release described it as the global leader in data protection.
• Gross margin down year over year. GAAP gross margin was 73.1% against 74.0%, and non-GAAP gross margin was 73.7% against 74.8%. GAAP gross profit was $91.0 million.
• Non-GAAP operating margin fell. Non-GAAP operating margin was 16.3% against 18.4%, while GAAP operating margin rose to 8.2% from 7.0%. Stock-based compensation expense was $9.6 million against $11.1 million.
• Sales and R&D shares of revenue rose. Non-GAAP sales and marketing was 33.9% of revenue against 32.1%, and non-GAAP research and development 11.9% against 10.4%. Non-GAAP general and administrative fell to 11.6% from 13.9%.
• Net new ARR reached a record. ARR rose $29.9 million from $435.2 million at March 31. Management described the quarter as delivering record net new ARR.

Revenue by segment

As the company reports it in the segment note of its annual report.

By product, FY2025

By region, FY2025

Company events

The newest 8-K filings of 49 held.

Every filing

The newest filings with the SEC of 187 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

296 funds held it at 30 Jun 2026: 156 added and 67 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Microsoft Corp. (MSFT): revenue $346.4B, market value $3.95T
• Palantir Technologies Inc. (PLTR): revenue $6.2B, market value $473.1B
• Oracle Corp. (ORCL): revenue $71.8B, market value $436.3B
• SAP SE (SAP): revenue $41.6B, market value $276.7B
• CrowdStrike Holdings, Inc. (CRWD): revenue $5.4B, market value $273.1B
• Shopify Inc. (SHOP): revenue $13.3B, market value $218.4B
• Salesforce, Inc. (CRM): revenue $43.9B, market value $199.5B
• ServiceNow, Inc. (NOW): revenue $15.4B, market value $155.6B
• Snowflake Inc. (SNOW): revenue $5.4B, market value $119.8B
• Cloudflare, Inc. (NET): revenue $2.5B, market value $113.0B

What the company does

AvePoint describes itself as a global provider of modern data protection, helping organizations secure, govern and operationalize data across major cloud ecosystems. Its product is the AvePoint Confidence Platform, which technology teams in IT operations, development operations and cybersecurity use to govern and secure the digital workplace. As of 31 December 2025, the company served more than 28,000 end customers across more than 100 countries, and it had 3,443 employees globally. The company reports as one segment and sells through a direct sales force and a partner network.

What it sells

The platform is built on a Platform-as-a-Service architecture and connects to Microsoft, Salesforce, Google, AWS, Box and Dropbox, along with tools such as Docusign, Confluence, GitHub, Jira, Okta, Bitbucket, Smartsheet and Monday.com. It is organised into three suites:

- Control Suite: automates data governance, enforces policies, optimizes SaaS spending, and shows access, risk and entitlements across collaboration platforms. - Resilience Suite: covers Backup-as-a-Service, ransomware recovery, lifecycle management and classification-driven protection. - Modernization Suite: moves legacy systems and processes into AI-ready, SaaS-based experiences.

The company has begun packaging the Control and Resilience suites into three tiers called Essentials, Plus and Complete. It says customers usually start with one use case and add others over time. The use cases include ransomware protection and disaster recovery, regulatory compliance and information lifecycle, cloud transformation and modernization, and multi-tenant management. They also include governance of AI agents.

The filing says the platform addresses four data problems: fragmented legacy data, overexposed data, digital sprawl, and data loss or interruption. Customer data is encrypted in transit with TLS 1.2 or greater and at rest with AES-256. The company holds SOC 2 Type II attestation and ISO 27001, 27017 and 27018 certifications, and its FedRAMP (moderate) authorization covers service to U.S. federal agencies. In 2025 it also achieved ISMAP certification in Japan.

How it makes money

The company has four revenue sources: SaaS, term license and support, services, and maintenance. SaaS, term license and support, and maintenance are treated as recurring. SaaS accounted for 76% of total revenue.

SaaS and term license and support are generally sold per user license or by the amount of data protected, and both are primarily billed annually. SaaS revenue is recognized ratably over the contract term. Services cover implementation, training, consulting, license customization and managed services, and the filing says these are not inherently recurring. Maintenance is ongoing support for legacy perpetual licenses, which the company no longer offers to new customers.

Management tracks annual recurring revenue, which it calculates as the annualized sum of contractually obligated annual contract value from SaaS, term license and support, and maintenance for all active customers. Revenue is reported for North America, EMEA and APAC. Historically the first quarter has been the lowest revenue quarter and the fourth quarter the highest.

Who buys from it

The company sorts customers by number of user seats, and no customer represented more than 10% of billings or accounts receivable.

|, -|, -|, -| | Small Business (SMB) | Fewer than 500 user seats | 20% | | Mid-Market | More than 500 but fewer than 5,000 user seats | 28% | | Enterprise | More than 5,000 user seats | 52% |

SMB customers are served mainly through channel partners, especially managed service providers (MSPs). Mid-Market customers are increasingly served through partners. Enterprise customers are served primarily by direct sales teams.

How it reaches customers

The channel program includes approximately 6,000 managed service providers, value added resellers and system integrators. Subscriptions sold through channel partners primarily use a two-tier, indirect fulfillment model. The products are also available in more than 100 software marketplaces, including the Google Cloud Platform, Microsoft Azure and Amazon Web Services marketplaces. MSPs receive a special edition of the platform called the Elements edition, which lets them manage multiple clients, clouds and tenants. The company also keeps strategic partnerships with Microsoft, Google and AWS covering technology, sales and marketing. It says it has completed six acquisitions since 2022, though most current offerings were built in-house.

How it competes

The company says it competes mainly by use case. Its competitors fall into three groups: data protection and legacy backup vendors, vendors focused on cybersecurity and data security categories, and smaller cloud and data management vendors. The company says it believes its single integrated platform, ease of use, scalability, integration breadth, time-to-value and total cost of ownership set it apart. It also reports a Net Promoter Score above 50, citing CustomerGauge benchmarking data.

Its people and offices

The company operates across 32 offices. Its principal executive offices are in Jersey City, New Jersey, and its principal operating offices are in Richmond, Virginia. Research and development is spread across the United States, China, Singapore and Vietnam. The staff includes programmers, data and computer scientists, engineers, project managers, and sales and marketing professionals. None of its employees are represented by a labor union.

*From AvePoint's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1777921/000143774926005907/avpt20251231_10k.htm)*

From the company's 10-K.