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    AvePoint Inc (AVPT)

    Updated May 8, 2025, 11:06 PM UTC
    Income Statement - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    SaaS Revenue (USD, thousands)45,260.00160,96151,31153,64360,86664,847.00230,667-
    Term license and support Revenue (USD, thousands)12,270.0052,74410,00510,98314,1409,432.0044,560-
    Services Revenue (USD, thousands)13,788.0044,79510,48110,51710,81012,228.0044,036-
    Maintenance Revenue (USD, thousands)3,306.0013,3252,7372,8182,9882,676.0011,219-
    Total Revenue (USD, thousands)74,624.00271,82574,53477,96188,80489,183.00330,482-
    SaaS Cost of Revenue (USD, thousands)9,338.0035,9249,7709,74510,62411,405.0041,544-
    Term license and support Cost of Revenue (USD, thousands)505.001,946416413373382.001,584-
    Services Cost of Revenue (USD, thousands)9,576.0038,80710,0738,64710,0579,980.0038,757-
    Maintenance Cost of Revenue (USD, thousands)199.00783183137167154.00641-
    Total Cost of Revenue (USD, thousands)19,618.0077,46020,44218,94221,22121,921.0082,526-
    Gross Profit (USD, thousands)55,006.00194,36554,09259,01967,58367,262.00247,956-
    Sales and marketing Operating Expenses (USD, thousands)29,127.00112,10529,93930,47030,05032,410.00122,869-
    General and administrative Operating Expenses (USD, thousands)15,592.0061,27116,86818,18417,04317,127.0069,222-
    Research and development Operating Expenses (USD, thousands)9,409.0036,34010,48612,50312,83812,872.0048,699-
    Total Operating Expenses (USD, thousands)54,128.00209,71657,29361,15759,93162,409.00240,790-
    Income (loss) from Operations (USD, thousands)878.00(15,351)(3,201)(2,138)7,6524,853.007,166-
    Other expense, net (USD, thousands)(1,353.00)3,263(3,404)(6,970)(4,541)(16,650.00)(31,565)-
    Income (loss) before Income Taxes (USD, thousands)(809.00)(18,614)203(9,108)3,111(18,605.00)(24,399)-
    Income Tax Expense (USD, thousands)(5,245.00)2,8872,1573,830183(1,427.00)4,743-
    Net income (loss) (USD, thousands)4,436.00(21,501)(1,954)(12,938)2,928(17,178.00)(29,142)-
    Net income (loss) attributable to noncontrolling interest (USD, thousands)(167.00)(224)(238)(129)3087.00(52)-
    Net income (loss) available to common shareholders (USD, thousands)4,269.00(21,725)(1,716)(12,809)2,620(17,185.00)(29,090)-
    Basic earnings (loss) per share (USD)0.02(0.12)(0.01)(0.07)0.01(0.09)(0.16)-
    Diluted earnings (loss) per share (USD)0.02(0.12)(0.01)(0.07)0.01(0.09)(0.16)-
    Basic weighted average shares outstanding (shares)(365,645.00)182,257181,495182,804183,946(364,524.00)183,721-
    Diluted weighted average shares outstanding (shares)(365,645.00)182,257181,495182,804203,859(384,437.00)183,721-
    Balance Sheet - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)223,162223,162215,489-----
    Short-term investments (USD, thousands)3,7213,7213,795-----
    Accounts receivable, net (USD, thousands)85,87785,87773,404-----
    Prepaid expenses and other current assets (USD, thousands)12,82412,82411,037-----
    Total current assets (USD, thousands)325,584325,584303,725-----
    Property and equipment, net (USD, thousands)5,1185,1184,906-----
    Goodwill (USD, thousands)19,15619,15618,692-----
    Intangible assets, net (USD, thousands)10,54610,54610,165-----
    Operating lease right-of-use assets (USD, thousands)13,90813,90812,887-----
    Deferred contract costs (USD, thousands)54,67554,67552,595-----
    Other assets (USD, thousands)13,59513,59510,848-----
    Total assets (USD, thousands)442,582442,582413,818-----
    Accounts payable (USD, thousands)1,3841,3847,347-----
    Accrued expenses and other liabilities (USD, thousands)53,76653,76640,917-----
    Current portion of deferred revenue (USD, thousands)121,515121,515115,197-----
    Total current liabilities (USD, thousands)176,665176,665163,461-----
    Long-term operating lease liabilities (USD, thousands)9,3839,3838,121-----
    Long-term portion of deferred revenue (USD, thousands)7,7417,7417,372-----
    Earn-out shares liabilities (USD, thousands)18,34618,34617,140-----
    Other non-current liabilities (USD, thousands)5,6035,6034,976-----
    Total liabilities (USD, thousands)217,738217,738201,070-----
    Redeemable noncontrolling interest (USD, thousands)6,0386,038------
    Total mezzanine equity (USD, thousands)6,0386,038------
    Common stock (USD, thousands)181819-----
    Additional paid-in capital (USD, thousands)667,881667,881677,926-----
    Treasury stock (USD, thousands)--------
    Accumulated other comprehensive income (USD, thousands)3,1963,1962,693-----
    Accumulated deficit (USD, thousands)(460,496)(460,496)(469,517)-----
    Noncontrolling interest (USD, thousands)8,2078,2071,627-----
    Total stockholders’ equity (USD, thousands)218,806218,806212,748-----
    Total liabilities, mezzanine equity, and stockholders’ equity (USD, thousands)442,582442,582413,818-----
    Cash Flow - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net loss (USD, thousands)4,436.00(21,501)(1,954)(12,938.00)--(29,142)-
    Depreciation and amortization (USD, thousands)1,248.004,6871,2951,328.00--5,382-
    Operating lease right-of-use assets expense (USD, thousands)940.006,2341,4201,714.00--6,270-
    Foreign currency remeasurement loss (USD, thousands)--580582.00--866-
    Stock-based compensation (USD, thousands)9,073.0036,0489,45810,538.00--39,059-
    Deferred income taxes (USD, thousands)(624.00)(864)(72)(85.00)--498-
    Other (Operating activities) (USD, thousands)343.001,068(146)101.00--(67)-
    Change in value of earn-out and warrant liabilities (USD, thousands)4,533.0011,454(1,490)8,670.00--37,276-
    Accounts receivable (Changes in operating assets and liabilities) (USD, thousands)(14,815.00)(19,448)10,933(5,569.00)--(4,898)-
    Prepaid expenses and other current assets (Changes in operating assets and liabilities) (USD, thousands)(4,436.00)(2,773)1,7183,361.00--(3,350)-
    Deferred contract costs and other assets (Changes in operating assets and liabilities) (USD, thousands)(2,050.00)(7,687)4,447(954.00)--(8,482)-
    Accounts payable, accrued expenses and other current liabilities, operating lease liabilities and other liabilities (Changes in operating assets and liabilities) (USD, thousands)5,940.00609(14,293)4,836.00--16,046-
    Deferred revenue (Changes in operating assets and liabilities) (USD, thousands)17,585.0026,867(4,140)4,574.00--29,436-
    Net cash provided by (used in) operating activities (USD, thousands)21,410.0034,6947,75616,158.00--88,894-
    Maturities of investments (Investing activities) (USD, thousands)1,328.002,620240953.00--5,353-
    Purchases of investments (Investing activities) (USD, thousands)(1,447.00)(3,497)(389)(1,016.00)--(1,819)-
    Cash paid in business combinations and asset acquisitions, net of cash acquired (Investing activities) (USD, thousands)--------
    Capitalization of internal-use software (Investing activities) (USD, thousands)(446.00)(1,434)(391)(338.00)--(1,211)-
    Purchase of property and equipment (Investing activities) (USD, thousands)(609.00)(2,087)(502)(394.00)--(3,044)-
    Issuance of notes receivables (Investing activities) (USD, thousands)-(1,250)(500)(250.00)--(1,750)-
    Other investing activities (USD, thousands)------(130)-
    Net cash used in investing activities (USD, thousands)(1,424.00)(5,648)(1,542)(1,045.00)--(2,601)-
    Purchase of common stock (Financing activities) (USD, thousands)(5,392.00)(39,036)(13,743)(5,408.00)--(33,053)-
    Proceeds from warrant exercises (Financing activities) (USD, thousands)------17,182-
    Proceeds from stock option exercises (Financing activities) (USD, thousands)1,704.005,5697842,550.00--11,033-
    Redemption of redeemable noncontrolling interest (Financing activities) (USD, thousands)------(6,130)-
    Purchase of public warrants (Financing activities) (USD, thousands)------(3,991)-
    Company earn-out shares settled in cash (Financing activities) (USD, thousands)------(572)-
    Repayments of finance leases (Financing activities) (USD, thousands)(34.00)(64)(2)(1.00)--(6)-
    Payments of debt issuance costs (Financing activities) (USD, thousands)-(136)------
    Net cash used in financing activities (USD, thousands)(3,858.00)(33,667)(12,961)(2,859.00)--(15,537)-
    Effect of exchange rates on cash (USD, thousands)1,248.00595(926)(745.00)--(3,183)-
    Net increase (decrease) in cash and cash equivalents (USD, thousands)17,376.00(4,026)(7,673)11,509.00--67,573-
    Income taxes paid (Supplemental disclosures) (USD, thousands)318.006,1129842,286.00--6,882-
    Contingent considerations in business combination (Supplemental disclosures) (USD, thousands)--------
    Common stock issued in business combination (Supplemental disclosures) (USD, thousands)--------
    Loan to certain acquiree shareholders (Supplemental disclosures) (USD, thousands)--------
    Company earn-out shares issuance (Supplemental disclosures) (USD, thousands)------53,871-
    Cash and cash equivalents at beginning of period (USD, thousands)227,188227,188223,162223,162223,162223,162223,162-
    Cash and cash equivalents at end of period (USD, thousands)223,162223,162215,489226,998249,803290,735290,735-
    Revenue by Segment - in Millions of USDFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    SaaS45.24160.9651.3153.6460.964.85230.768.942
    Term License and Support12.2552.7410.0110.9814.19.5144.611.190
    Services13.7644.8010.4810.5210.812.244.010.937
    Maintenance3.3613.332.742.823.02.6411.21.995
    Perpetual License--------
    Total Revenue74.6271.8374.5377.9688.889.21330.593.064
    Revenue by Geography - in Millions of USDFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    North America34.01118.4929.931.737.64836.62135.8736.452
    - United States33.65115.8029.731.5--135.2936.399
    EMEA20.9581.7522.823.126.29827.0699.2629.484
    - Germany9.7935.789.99.4--41.7712.292
    APAC19.6671.5821.823.224.85825.595.3627.128
    - Singapore8.7130.9710.510.2--43.1111.512
    - Japan--------
    Other--------
    Total Revenue74.63271.8374.578.088.80489.18330.4893.064
    KPIs - Metric (Unit, Scale)FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of global data centers (count)-14----14-