AVPTNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
AvePoint, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$14.74+0.41 (+2.86%)
Close on Oct 19, 2026
- Market cap
- $3.26B
- P/E (TTM)
- 46.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
74.1%+0.7 pts over 5 years
Operating margin
7.9%+18.1 pts over 5 years
Net margin
8.3%+19.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.9% | +21.8% | +22.6% | – | |
| Gross profit | +25.3% | +23.2% | +22.8% | – | |
| Operating income | +361.0% | – | – | – | |
| Free cash flow | -5.0% | – | +35.1% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 8.7% | – | |
| Return on assets | – | -6.5% | 5.3% | |
| Current ratio | – | 1.31 | 2.28 | |
| Capex to revenue | – | 0.7% | 0.9% | |
| Diluted shares | – | 90M | 229M |
Where the cash went
Fiscal 2021 to 2025, five years combined
AvePoint generated $214.65M from operations and spent $158.52M on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$214.65M
Used
$158.52M
Capital expenditure$15.13M10%Dividends$00%Share buybacks$143.39M90%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-8.0%
×Asset turnover0.63×
×Equity multiplier1.92×
=Return on equity, FY2023-9.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -8.0% | 0.63× | 1.92× | -9.7% |
| FY2022 | -17.9% | 0.58× | 1.68× | -17.4% |
| FY2021 | -18.4% | 0.69× | 9.70× | -122.4% |
| FY2020 | -11.2% | 0.58× | -1.33× | 8.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$34.80M
- Cash generatingOperating cash flow above zero$85.26M
- Return on assets improvedROA up on the prior year-6.6% → 6.7%
- Earnings backed by cashOperating cash flow above net income$85.26M vs $34.80M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.77 → 2.28
- No dilutionShare count did not rise184M → 229M
- Gross margin improvedGross margin up on the prior year75.03% → 74.06%
- More efficientAsset turnover rose0.75 → 0.81