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Software - Application · Technology · Fiscal year ends Dec 31
AvePoint reported revenue of $419M in the fiscal year ended Dec 2025, up 26.9% from the year before. Operating income was $33M, an operating margin of 7.9%, and net income was $35M. Operating cash flow of $85M less capital expenditure of $4M left free cash flow of $82M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 192 | 232 | 272 | 330 | 419 |
| Cost of revenue | 53.0 | 66.3 | 77.5 | 82.5 | 109 |
| Gross profit | 139 | 166 | 194 | 248 | 311 |
| Research & development | 32.1 | 31.4 | 36.3 | 48.7 | 52.6 |
| Selling, general & admin | 160 | 176 | 173 | 192 | 225 |
| Operating income | −53.5 | −41.1 | −15.4 | 7.2 | 33.0 |
| Net interest incomeBanks | 0.1 | −0.0 | 0.0 | 0.2 | 4.6 |
| Pre-tax income | −32.8 | −33.7 | −18.6 | −24.4 | 40.5 |
| Income tax | 0.5 | 5.0 | 2.9 | 4.7 | 5.4 |
| Net income | −35.2 | −41.6 | −21.7 | −29.1 | 34.8 |
| Diluted EPS | −0.48 | −0.23 | −0.12 | −0.16 | 0.15 |
| Diluted shares | 142 | 182 | 182 | 184 | 229 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 268 | 227 | 223 | 291 | 481 |
| Receivables | 55.1 | 66.5 | 85.9 | 87.4 | 125 |
| Current assets | 334 | 306 | 326 | 395 | 625 |
| Net PP&E | 3.9 | 5.5 | 5.1 | 5.3 | 6.0 |
| Goodwill | 0.0 | 18.9 | 19.2 | 17.7 | 38.0 |
| Total assets | 389 | 416 | 443 | 519 | 789 |
| Payables | 1.8 | 1.5 | 1.4 | 2.4 | 3.8 |
| Deferred revenue | 74.3 | 93.4 | 122 | 144 | 186 |
| Current liabilities | 111 | 143 | 177 | 223 | 274 |
| Total liabilities | 133 | 172 | 218 | 248 | 310 |
| Shareholders' equity | 250 | 229 | 219 | 271 | 479 |
| Backlog (remaining obligations) | – | – | – | 373 | 508 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 5.0 | −0.8 | 34.7 | 88.9 | 85.3 |
| Capital expenditure | 2.5 | 3.9 | 2.1 | 3.0 | 3.7 |
| Free cash flow | 2.6 | −4.6 | 32.6 | 85.9 | 81.6 |
| Depreciation & amortisation | 1.2 | 2.1 | 2.6 | 2.9 | 3.0 |
| Stock-based compensation | 59.5 | 37.2 | 36.0 | 39.1 | 39.3 |
| Acquisitions | 0.0 | 18.6 | 0.0 | 0.0 | 14.9 |
| Share buybacks | 1.6 | 19.9 | 39.0 | 33.1 | 49.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 21.1% | 17.0% | 21.6% | 26.9% |
| Operating income growth (YoY) | – | – | – | – | 361.0% |
| Gross margin | 72.4% | 71.5% | 71.5% | 75.0% | 74.1% |
| Operating margin | −27.9% | −17.7% | −5.6% | 2.2% | 7.9% |
| Net margin | −18.4% | −17.9% | −8.0% | −8.8% | 8.3% |
| Return on equityBlank when equity is negative | −14.1% | −18.2% | −9.9% | −10.7% | 7.3% |
| ROCEEBIT ÷ (assets − current liabilities) | −19.3% | −15.1% | −5.8% | 2.4% | 6.4% |
| Free cash flow margin | 1.3% | −2.0% | 12.0% | 26.0% | 19.4% |
| Cash conversion (CFO ÷ net income) | −0.14x | 0.02x | −1.60x | −3.06x | 2.45x |
| Receivable days | 105 | 104 | 115 | 96 | 108 |
| Payable days | 13 | 8 | 7 | 10 | 13 |
| Current ratio | 3.01x | 2.15x | 1.84x | 1.77x | 2.28x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.