AvePoint, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income (loss) $901k ($4.3m) ($33.2m) ($38.7m) ($21.5m) ($29.1m) $35.1m
Depreciation and amortization $1.2m $3.5m $4.7m $5.4m $6.2m
Deferred income taxes ($1.6m) ($433k) ($175k) $3.7m ($864k) $498k ($2.2m)
Operating lease right-of-use assets expense $0 $5.9m $6.2m $6.3m $8.6m
Operating lease liabilities ($6.3m) ($6.4m) ($8.6m)
Foreign currency remeasurement loss $362k ($378k) $1.3m $835k $0 $866k $4.5m
Stock-based compensation $13.9m $33.8m $59.5m $37.2m $36.0m $39.1m $39.3m
Allowance for credit loss on notes receivable $0 $0 $4.0m
Other ($755k) ($607k) $1.1m ($67k) $468k
Change in value of earn-out and warrant liabilities $0 $0 ($21.2m) ($4.4m) $11.5m $37.3m ($408k)
Accounts receivable ($8.2m) ($14.4m) ($19.4m) ($4.9m) ($31.3m)
Prepaid expenses and other current assets ($184k) $109k ($5.9m) ($2.1m) ($2.8m) ($3.4m) ($2.7m)
Deferred contract costs and other assets ($5.0m) ($3.2m) ($8.1m) ($9.6m) ($7.7m) ($8.5m) ($11.3m)
Accounts payable, accrued expenses and other current liabilities, and other liabilities $152k $4.3m $10.6m ($2.6m) $609k $16.0m $3.4m
Deferred revenue $14.4m $11.3m $10.8m $20.4m $26.9m $29.4m $40.1m
Capitalization of internal-use software $0 ($1.6m) ($1.4m) ($1.2m) ($1.6m)
Purchase of property and equipment ($1.1m) ($1.0m) ($2.5m) ($3.9m) ($2.1m) ($3.0m) ($3.7m)
Issuance of notes receivables $0 $0 ($1.2m) ($1.8m) $0
Proceeds from warrant exercises $0 $0 $17.2m $168.2m
Proceeds from stock option exercises $88k $612k $5.6m $2.8m $5.6m $11.0m $17.7m
Funds held on behalf of others $0 $0 $6.1m
Funds released on behalf of others $0 $0 ($6.1m)
Purchase of public warrants $0 $0 ($4.0m) $0
Company earn-out shares settled in cash $0 $0 ($572k) $0
Company earn-out shares issuance $0 $0 $53.9m $0
Unpaid purchase consideration transferred in connection with the business combination $0 $5.6m $0 $0 $5.5m
Net cash provided by operating activities ($474k) ($2.4m) $5.0m ($774k) $34.7m $88.9m $85.3m
Cash paid in business combinations, net of cash acquired $0 ($18.6m) $0 $0 ($14.9m)
Purchases of investments ($916k) ($181.0m) ($3.5m) ($1.8m) ($167k)
Maturities of investments $0 $183.6m $2.6m $5.4m $167k
Other investing activities $0 $0 ($130k) $0
Net cash used in investing activities ($350.0m) $1.6m ($3.4m) ($21.5m) ($5.6m) ($2.6m) ($20.2m)
Purchase of common stock $0 $0 ($1.6m) ($19.9m) ($39.0m) ($33.1m) ($49.8m)
Repurchase of noncontrolling interest $0 $0 ($12.1m)
Redemption of redeemable noncontrolling interest $0 $0 ($6.1m) $0
Other financing activities ($200k) ($6k) ($9k)
Net cash provided by (used in) financing activities $351.5m $35.6m $198.6m ($17.1m) ($33.7m) ($15.5m) $124.0m
Effect of exchange rates on cash ($590k) $903k ($1.2m) ($1.7m) $595k ($3.2m) $1.3m
Net increase (decrease) in cash and cash equivalents ($4.2m) $57.0m $199.1m ($41.0m) ($4.0m) $67.6m $190.3m
Cash and cash equivalents at beginning of period $12.2m $69.1m $268.2m $227.2m $223.2m $290.7m $481.1m
Income taxes paid $0 $0 $13k $3.3m $6.1m $6.9m $6.8m