AvePoint, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue:
Cost of revenue $36.4m $40.3m $52.7m $65.1m $77.5m $82.5m $108.8m
Gross profit $79.7m $111.2m $139.2m $167.2m $194.4m $248.0m $310.7m
Research and development $11.1m $12.2m $31.8m $30.5m $36.3m $48.7m $52.6m
Total operating expenses $98.7m $126.7m $192.7m $208.3m $209.7m $240.8m $277.7m
Sales and marketing $61.9m $76.5m $100.5m $109.8m $112.1m $122.9m $144.0m
General and administrative $24.6m $36.9m $59.2m $64.9m $61.3m $69.2m $81.0m
Income (loss) from operations ($590k) ($5.5m) ($53.5m) ($41.1m) ($15.4m) $7.2m $33.0m
Income (loss) before income taxes ($19.6m) ($15.9m) ($32.8m) ($33.6m) ($18.6m) ($24.4m) $40.5m
Net income (loss) ($20.2m) ($17.0m) ($33.2m) ($38.7m) ($21.5m) ($29.1m) $35.1m
Net income (loss) available to common stockholders $901k ($4.3m) ($35.2m) ($41.6m) ($21.7m) ($29.1m) $34.8m
Net income (loss) attributable to noncontrolling interest ($2.0m) ($2.9m) ($224k) ($52k) $321k
Basic (in dollars per share) ($0.27) ($0.19) ($0.23) ($0.23) ($0.12) ($0.16) $0.17
Diluted (in dollars per share) ($0.27) ($0.19) ($0.23) ($0.23) ($0.12) ($0.16) $0.15
Other income (expense), net ($604k) ($511k) ($632k) $3.0m ($3.3m) ($31.6m) $7.5m
Income tax expense ($318k) ($411k) $457k $5.0m $2.9m $4.7m $5.4m