AVPTNasdaqServices-Prepackaged SoftwareUS GAAP · USD

AvePoint, Inc.

AvePoint, Inc. develops cloud-native software for data protection, governance, and operational resilience across major collaboration and cloud ecosystems. Its Confidence Platform is designed to help organizations classify, secure, recover, and manage data as they adopt cloud workflows and AI-enabled tools. The company also serves managed service providers through its Elements edition, which is tailored for multi-tenant administration across multiple clients and clouds. AvePoint sells globally through a mix of direct sales, channel partners, and cloud marketplaces, with a business model increasingly centered on recurring SaaS revenue.

Revenue419m USD
+26.9 %y/y
Operating profit (EBIT)33.0m USD
+361.0 %y/y
EBIT margin7.9%
+5.7 ppy/y
Net income34.8m USD
+219.6 %y/y
Free cash flow81.6m USD
−5.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1000100200300400500m USD2020: 152 m USD2020: EBIT -15 m USD20202021: 192 m USD2021: EBIT -53 m USD20212022: 232 m USD2022: EBIT -41 m USD20222023: 272 m USD2023: EBIT -15 m USD20232024: 330 m USD2024: EBIT 7.2 m USD20242025: 419 m USD2025: EBIT 33 m USD202541933
RevenueOperating profit (EBIT)

Business

Share of revenue
SaaS subscriptions76 %

Recurring cloud software subscriptions for data security, governance, resilience, and AI-readiness.

Term license and support14 %

Time-based software licenses and related support services for customers using AvePoint's platform.

Services6 %

Implementation, enablement, and other professional services delivered around the platform.

Maintenance4 %

Ongoing maintenance and support arrangements tied to legacy or non-SaaS offerings.

Products

Reported · share of revenue
76.1%12.8%9.9%FY2025100 %
  • SAAS76.1 %
  • Services12.8 %
  • Termed License and Support9.9 %
  • Maintenance1.2 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

AvePoint sells to organizations of all sizes, from small businesses to large enterprises, across more than 100 countries. Its customer base is organized by seat count, with enterprise customers representing the largest share of annual recurring revenue and typically buying directly for broader governance and security needs. Small and mid-market customers are increasingly served through channel partners, especially managed service providers, because they want packaged cloud management capabilities without building internal tooling. The company also targets MSPs with its Elements edition, which helps them manage multiple clients, tenants, and clouds more efficiently. Customers buy AvePoint to reduce data risk, improve compliance, and make cloud collaboration and AI adoption safer and easier to operate.

Enterprise

Large organizations with more than 5,000 user seats that buy directly for broad data governance, protection, and operational control.

Mid-Market

Companies with 500 to 5,000 user seats that buy through partners for scalable cloud data management and security.

SMB

Smaller organizations with fewer than 500 user seats that buy through channel partners for packaged, lower-touch deployment.

Managed Service Providers

MSPs use the Elements edition to manage multiple clients, clouds, and tenants and to expand their own service offerings.

Strategy

AvePoint’s strategy is centered on expanding recurring SaaS revenue by deepening adoption of its Confidence Platform and adjacent AI-ready modules. The company is investing in customer success and telemetry to improve retention, reduce churn, and create land-and-expand opportunities within existing accounts. It is also broadening market presence through direct sales in larger accounts and through a scaled partner ecosystem for SMB and mid-market customers. A key strategic priority is to strengthen distribution through MSPs and cloud marketplaces, which lowers friction in procurement and extends reach across geographies and cloud ecosystems.

Expand the Confidence Platform with adjacent AI-ready productsMedium term

Broader product coverage increases wallet share and makes the platform more central to customer data operations.

Scale partner and MSP distributionShort term

Partners extend geographic reach and reduce sales friction in SMB and mid-market segments.

Improve retention and land-and-expand executionShort term

Higher retention and expansion support durable ARR growth and lower customer acquisition payback.

Geography

Q1/2026

AvePoint operates globally and serves customers in more than 100 countries, with revenue reported across North America, EMEA, and APAC. For the first half of 2025, North America was the largest region at about 39% of revenue, followed by EMEA at about 31% and APAC at about 30%. The company’s channel-led model and cloud marketplace distribution support broad international reach without requiring heavy local infrastructure in every market. Geographic mix matters because adoption of cloud collaboration, regulatory requirements, and partner coverage vary by region, while foreign exchange can affect reported growth. The business is exposed to regional demand shifts, especially in enterprise software spending and cloud migration cycles.

North America23 %
United States22 %
Europe, Middle East and Africa20 %
Asia Pacific18 %
Germany8.5 %
Singapore8.0 %

Share of the revenue the company reports by geography.

Risks

AvePoint depends heavily on major technology partners such as Microsoft, Google, and AWS, so changes in their platforms, pricing, policies, or service reliability could directly affect AvePoint’s products and distribution. The company also operates in a market where cyberattacks, data breaches, and unauthorized access can damage customer trust and undermine the value proposition of its security and governance tools. Because its software works across cloud ecosystems and handles sensitive customer data, regulatory changes and compliance failures are material operational risks. Channel concentration is another risk: the company relies on a large partner network for a meaningful share of sales, especially in SMB and mid-market segments, so partner execution and incentives matter. More broadly, enterprise software demand can slow if cloud migration budgets, IT spending, or AI adoption cycles weaken.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Dependence on major technology partners1Cybersecurity and data breach exposure2Regulatory and privacy compliance3Channel partner concentration in SMB and mid-market4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Dependence on major technology partnersImpact: HighLikelihood: Medium

    A portion of the platform works interactively with hyperscaler and software ecosystems, so partner changes can impair product functionality or distribution.

    ExposureMicrosoftGoogleAWS
  2. Cybersecurity and data breach exposureImpact: HighLikelihood: Medium

    The business stores, processes, and transmits sensitive customer data, making any breach potentially damaging to reputation and customer retention.

    Exposure: Cloud data protection and governance software

  3. Regulatory and privacy complianceImpact: MediumLikelihood: Medium

    Customers buy the platform to manage sensitive data and meet compliance obligations, so failures in governance or privacy controls could create legal and commercial harm.

    Exposure: Global enterprise customers

  4. Channel partner concentration in SMB and mid-marketImpact: MediumLikelihood: Medium

    A large share of smaller-customer sales flows through MSPs, resellers, and integrators, so partner underperformance can slow growth.

    Exposure: Indirect sales model

Accounting

Judgemental items
Revenue recognition across SaaS, term license, services, and maintenance

Contracts often contain multiple performance obligations, so judgment is required to determine distinct obligations and allocate consideration.

Impact: Affects revenue timing, mix, and quarterly comparability

Standalone selling price estimation

Transaction price is allocated based on relative SSP, which requires management estimates.

Impact: Can shift revenue between periods and product lines

Foreign currency effects

Revenue is generated across North America, EMEA, and APAC, so translation can distort reported growth versus constant currency.

Impact: Affects reported revenue growth and margin trends

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

AvePoint, Inc. (AVPT) Revenue, Earnings & Financials 2025 – Clarifo