Avepoint (AVPT) financial statements
Avepoint reported revenue of $419M in fiscal 2025, up 23.9% a year over 6 years.
Net income was $35M and the operating margin 7.9%, against -16.4% in 2019.
Free cash flow was $80M, and the company returned $50M in net buybacks.
The diluted share count rose 210% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Avepoint's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $116M | $152M | $192M | $232M | $272M | $330M | $419M |
| Cost of revenue | $36M | $40M | $53M | $66M | $77M | $83M | $109M |
| Gross profit | $80M | $111M | $139M | $166M | $194M | $248M | $311M |
| Research and development | $11M | $12M | $32M | $31M | $36M | $49M | $53M |
| Selling, general and admin | $87M | $5M | $160M | $176M | $173M | $192M | $225M |
| Operating income | -$19M | -$15M | -$53M | -$41M | -$15M | $7M | $33M |
| Pre-tax income | -$20M | -$16M | -$33M | -$34M | -$19M | -$24M | $41M |
| Income tax | $614,000 | $1M | $457,000 | $5M | $3M | $5M | $5M |
| Net income | -$20M | -$17M | -$35M | -$42M | -$22M | -$29M | $35M |
| EPS (diluted) | -$1.72 | -$0.57 | -$0.48 | -$0.23 | -$0.12 | -$0.16 | $0.15 |
| Diluted shares | 74M | 90M | 142M | 182M | 182M | 184M | 229M |
| Gross margin | 68.6% | 73.4% | 72.4% | 71.5% | 71.5% | 75.0% | 74.1% |
| Operating margin | -16.4% | -10.2% | -27.9% | -17.7% | -5.6% | 2.2% | 7.9% |
| Net margin | -17.4% | -11.2% | -18.4% | -17.9% | -8.0% | -8.8% | 8.3% |
Balance sheet
Fiscal years, from Avepoint's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $994,810 | $70M | $271M | $230M | $227M | $291M | $481M |
| Receivables | — | $48M | $55M | $66M | $86M | $87M | $125M |
| Total current assets | $1M | $121M | $334M | $306M | $326M | $395M | $625M |
| Property, plant and equipment | — | $3M | $4M | $6M | $5M | $5M | $6M |
| Goodwill | — | — | $0 | $19M | $19M | $18M | $38M |
| Total assets | $353M | $169M | $389M | $416M | $443M | $519M | $789M |
| Total current liabilities | $618,244 | $92M | $111M | $143M | $177M | $223M | $274M |
| Total liabilities | $35M | $149M | $133M | $172M | $218M | $248M | $310M |
| Shareholders' equity | -$199M | -$193M | $250M | $229M | $219M | $271M | $479M |
| Net debt | -$994,810 | -$69M | -$268M | -$227M | -$223M | -$291M | -$481M |
Cash flow
Fiscal years, from Avepoint's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | $19M | $5M | -$774,000 | $35M | $89M | $85M |
| Capital spending | $1M | $1M | $2M | $5M | $4M | $4M | $5M |
| Free cash flow | -$3M | $18M | $3M | -$6M | $31M | $85M | $80M |
| Stock-based compensation | $14M | $34M | $60M | $37M | $36M | $39M | $39M |
| Share buybacks (net) | $0 | $0 | -$2M | -$20M | -$39M | -$33M | -$50M |
| Free cash flow margin | -2.7% | 11.9% | 1.3% | -2.7% | 11.5% | 25.6% | 19.1% |
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Open AVPT in InvestinglyQuestions
What was Avepoint's revenue in 2025?
$419M in fiscal 2025, from its 10-K filing.
How much free cash flow does Avepoint generate?
$80M in fiscal 2025 (operating cash flow minus capital spending).
From Avepoint's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.