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Avepoint, Inc. (AVPT) stock

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NASDAQ: AVPT Nasdaq Application Software Next results ~November 5, 2026

C+ Fundamentals grade

Avepoint, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$12

Cash-flow model

Base case. Range ~$9.8–$15 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 27% below it.

Price used: $16.71, November 2, 2026

Avepoint, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 18 sales by directors and officers, last 12 monthsInsider trades
  • Funds159 adding, 107 cuttingOf 54 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Avepoint files

Where Avepoint stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $466m, up 25.0% on a year earlier, slower than the 27.1% growth a quarter earlier. That growth ranks 17 of 103 among the application software companies we cover. Free-cash-flow margin held at 21.7%. Operating margin widened to 9.8% from 6.1%. The diluted share count is up 10.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $11.61 a share, against a share price of $17.03. At that price, our model says the market is pricing in about 28.4% a year of cash-flow growth for five years, faster than the 19.4% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Avepoint, Inc.'s trailing-twelve-month revenue grew 25.0% year on year, with a free-cash-flow margin of 21.7%.

Our discounted-cash-flow model values the business at ~$12 per share in the base case (~$9.8–$15 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 62% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 25.0% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Margins widening. Operating margin is up 3.6 points on a year ago.
  • Strong cash generation. 21.7% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $16.71 is 27% above our value per share of $12.
  • Share dilution. Diluted shares rose 10.4% in a year.
  • High earnings multiple. The shares trade at 53 times the last 12 months' earnings, so expectations are demanding.
  • Growth easing. The growth rate is 2.2 points lower than a quarter earlier.
  • Below peers: days sales outstanding. Days sales outstanding of 92 days ranks 127 of 162 application software companies we cover (median 57 days).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.13 against an average estimate of $0.08: beat by 61.7%
Revenue
$124m, up 22.0% on a year earlier
Share reaction
-4.6% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
total revenues $128.2m to $130.2m (third quarter of 2026); non-GAAP operating income $21m to $22m (third quarter of 2026)
Next report
November 5, 2026; average EPS estimate $0.09

Avepoint's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.2%
  • 1 week-0.8%
  • 1 month+18.8%
  • This year+20.3%
  • 1 year+18.8%
  • 5 years+80.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$466M
Operating margin
9.8%
Net margin
15.3%
EPS (TTM, diluted)
$0.31

Growth

Revenue growth
+25.0%
Change in growth rate
−2.2 pts
Share count change
+10.4%

Cash

Free cash flow (TTM)
$101M
FCF margin
21.7%
Stock pay % of revenue
7.6%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Avepoint, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 26.8% a year of cash-flow growth for five years.That is faster than the 19.4% a year revenue growth Avepoint has delivered.

  • Priced in26.8%
  • Last 12 months25.0%
  • 3 years a year23.0%
  • 5 years a year19.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($16.53, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$12
Price used
$16.53close November 3, 2026
Implied change
▼ 26%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Avepoint, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($47.4M, FY2026 Q2 TTM), growing 20.6% and 20.1% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$9.8–~$15 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Avepoint, Inc.'s free cash flow after stock-based pay ( $47.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Avepoint, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$12 ~$9.8–$15 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$6.8 ~$5.7–$11 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$10 ~$6.8–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Avepoint, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +28%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▼ −0%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$8$10$13$16
8.5% $4$5$6$8$10$12
10% $4$5$5$7$8$10

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$9.87$15.01$6.29$4.11$8.21$16.51$13.89$16.71
Market value$730m$1.3bn$891m$748m$1.5bn$3.0bn$3.2bn$3.8bn
+ Net debt (− = net cash)−$994810−$69m−$268m−$227m−$223m−$291m−$481m−$417m
Enterprise value$729m$1.3bn$622m$521m$1.3bn$2.7bn$2.7bn$3.4bn
Multiples
Price / sales 6.3x8.9x4.6x3.2x5.5x9.2x7.6x8.2x
Price / earnings ——————91.5x53.2x
Price / free cash flow —74.3xn/m—45.9x35.3x39.0x37.7x
EV / EBITDA —————n/m75.0x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

42 /100

Weak moat

How hard Avepoint's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -3.4% of total assets over 7 years.

  • Pricing power 20 / 20

    Gross margin has been a median 73.5%, moving by 1.5 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -7.1%; its worst year was -29.0%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 4 of 5 years, at a median 15.7% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $129m and EPS of $0.09 (range $0.08 to $0.11) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.45 +42% $511m +22%
Next $0.50 +10% $615m +20%

Next year's EPS estimate has moved +2.6% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +15.5% on 90 days ago. In the last 30 days, 9 analysts raised Avepoint, Inc.'s forecast and 3 cut it.

Consensus EPS forecast Avepoint, Inc., last 90 days
$0.35 $0.40 $0.45 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.39 Current fiscal year, 60 days ago: $0.45 Current fiscal year, 30 days ago: $0.45 Current fiscal year, 7 days ago: $0.45 Current fiscal year, Now: $0.45 $0.45 Next fiscal year, 90 days ago: $0.49 Next fiscal year, 60 days ago: $0.48 Next fiscal year, 30 days ago: $0.48 Next fiscal year, 7 days ago: $0.49 Next fiscal year, Now: $0.50 $0.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.39$0.49
60 days ago $0.45$0.48
30 days ago $0.45$0.48
7 days ago $0.45$0.49
Now $0.45$0.50

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.08 $0.13 +61.7%
Mar 2026 $0.08 $0.10 +20.0%
Dec 2025 $0.09 $0.10 +13.5%
Sept 2025 $0.07 $0.12 +71.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Total revenues full year 2026 $509m to $513m
    “Total revenues of $508.5 million to $512.5 million, or year-over-year growth of 22% at the midpoint.” source
  • Total revenues third quarter of 2026 $128m to $130m
    “Total revenues of $128.2 million to $130.2 million, or year-over-year growth of 18% at the midpoint.” source
  • Total ARR full year 2026 $522m to $528m Raised
    “Total ARR of $522.1 million to $528.1 million, or year-over-year growth of 26% at the midpoint.” source
  • Non-GAAP operating income full year 2026 $86.4m to $88.4m Non-GAAP
    “Non-GAAP operating income of $86.4 million to $88.4 million.” source
  • Non-GAAP operating income third quarter of 2026 $21m to $22m Non-GAAP
    “Non-GAAP operating income of $21.0 million to $22.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Avepoint, Inc.'s revenue by +20.6% next year and +20.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+20.9%, weight 55%) , management guidance (+20.8%, weight 19%) and the company's own record (+20.0%, weight 26%) . How the weights are set.

Analyst recommendations

17 analysts, Oct 2026
Buy1376%
Hold424%
Sell00%

Monthly trend

  1. Oct 202649417
  2. Sep 202638415
  3. Aug 202638415
  4. Jul 202638415

Counts of recommendations published by analysts covering Avepoint, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.8%
of tradable shares
Days to cover
5.01
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
69%
of shares
Held by insiders
19.1%
of shares
Employees
3,443
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.8%

$14.07 on October 31, 2025 to $16.71

ThenNowEffect
Revenue (last 12 months) $373m $466m +25.0%
P/S multiple 7.8x 8.2x +5.0%
Share count 206m 228m −9.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +119.9%

$7.60 on November 3, 2023 to $16.71

ThenNowEffect
Revenue (last 12 months) $251m $466m +85.9%
P/S multiple 5.5x 8.2x +47.8%
Share count 182m 228m −20.0%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AVPT−58%−35%+100%+101%−16%+20%
Industry peers (median)−7%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AVPT17%33%75%67%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AVPT−64%−46%−24%−13%−40%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 5, 2019: 79% from January 14, 2021 to October 14, 2022. Getting back needed a 372% gain, reached on November 20, 2024, 768 days after the low.

Price behaviour

52-week range
$8.99 – $17.35
From 52-week high
−3.7%
vs 50-day average
+16.9%
vs 200-day average
+40.4%
Volatility (1 year)
44%
Beta vs S&P 500
0.81

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.8%
After a week
7 up, 5 down
typical move ±10.4%
After a month
7 up, 5 down
typical move ±11.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −4.6% +0.5% +2.6% +0.2%
May 7, 2026 +11.1% +0.5% −4.6% +4.1%
February 26, 2026 +5.4% −1.0% +10.4% −7.7%
November 6, 2025 −15.4% −1.0% −9.0% −5.5%
August 7, 2025 −19.8% +0.7% −17.9% −7.2%
May 8, 2025 +9.6% +0.6% +14.0% +13.4%
February 27, 2025 −14.3% −0.1% −16.6% −16.2%
November 7, 2024 +13.8% +1.2% +20.9% +41.6%
August 8, 2024 +3.2% +2.8% +12.7% +20.7%
May 9, 2024 −0.4% +0.7% +6.5% +11.2%
February 29, 2024 +1.3% +1.3% −3.5% −2.1%
November 9, 2023 +6.1% +0.8% +6.1% +4.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Avepoint, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Avepoint, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Avepoint, Inc.
$200M $300M $400M $500M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $260.8M Revenue (TTM), FY23 Q4: $271.8M Revenue (TTM), FY24 Q1: $286.8M Revenue (TTM), FY24 Q2: $299.9M Revenue (TTM), FY24 Q3: $315.9M Revenue (TTM), FY24 Q4: $330.5M Revenue (TTM), FY25 Q1: $349M Revenue (TTM), FY25 Q2: $373.1M Revenue (TTM), FY25 Q3: $394M Revenue (TTM), FY25 Q4: $419.5M Revenue (TTM), FY26 Q1: $443.7M Revenue (TTM), FY26 Q2: $466.2M $466.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $260.8M
FY23 Q4 $271.8M
FY24 Q1 $286.8M
FY24 Q2 $299.9M
FY24 Q3 $315.9M
FY24 Q4 $330.5M
FY25 Q1 $349M
FY25 Q2 $373.1M
FY25 Q3 $394M
FY25 Q4 $419.5M
FY26 Q1 $443.7M
FY26 Q2 $466.2M
Revenue growth, TTM YoY Avepoint, Inc.
15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 17.2% Revenue growth, TTM YoY, FY23 Q4: 17.0% Revenue growth, TTM YoY, FY24 Q1: 18.7% Revenue growth, TTM YoY, FY24 Q2: 19.6% Revenue growth, TTM YoY, FY24 Q3: 21.1% Revenue growth, TTM YoY, FY24 Q4: 21.6% Revenue growth, TTM YoY, FY25 Q1: 21.7% Revenue growth, TTM YoY, FY25 Q2: 24.4% Revenue growth, TTM YoY, FY25 Q3: 24.7% Revenue growth, TTM YoY, FY25 Q4: 26.9% Revenue growth, TTM YoY, FY26 Q1: 27.1% Revenue growth, TTM YoY, FY26 Q2: 25.0% 25.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 17.2%
FY23 Q4 17.0%
FY24 Q1 18.7%
FY24 Q2 19.6%
FY24 Q3 21.1%
FY24 Q4 21.6%
FY25 Q1 21.7%
FY25 Q2 24.4%
FY25 Q3 24.7%
FY25 Q4 26.9%
FY26 Q1 27.1%
FY26 Q2 25.0%
Operating margin (TTM) Avepoint, Inc.
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -9.3% Operating margin (TTM), FY23 Q4: -5.6% Operating margin (TTM), FY24 Q1: -3.4% Operating margin (TTM), FY24 Q2: -1.6% Operating margin (TTM), FY24 Q3: 1.0% Operating margin (TTM), FY24 Q4: 2.2% Operating margin (TTM), FY25 Q1: 3.9% Operating margin (TTM), FY25 Q2: 6.1% Operating margin (TTM), FY25 Q3: 5.9% Operating margin (TTM), FY25 Q4: 7.9% Operating margin (TTM), FY26 Q1: 9.6% Operating margin (TTM), FY26 Q2: 9.8% 9.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -9.3%
FY23 Q4 -5.6%
FY24 Q1 -3.4%
FY24 Q2 -1.6%
FY24 Q3 1.0%
FY24 Q4 2.2%
FY25 Q1 3.9%
FY25 Q2 6.1%
FY25 Q3 5.9%
FY25 Q4 7.9%
FY26 Q1 9.6%
FY26 Q2 9.8%
FCF margin (TTM) Avepoint, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.7% FCF margin (TTM), FY23 Q4: 12.0% FCF margin (TTM), FY24 Q1: 13.5% FCF margin (TTM), FY24 Q2: 15.7% FCF margin (TTM), FY24 Q3: 23.6% FCF margin (TTM), FY24 Q4: 26.0% FCF margin (TTM), FY25 Q1: 22.2% FCF margin (TTM), FY25 Q2: 21.7% FCF margin (TTM), FY25 Q3: 21.5% FCF margin (TTM), FY25 Q4: 19.4% FCF margin (TTM), FY26 Q1: 23.8% FCF margin (TTM), FY26 Q2: 21.7% 21.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.7%
FY23 Q4 12.0%
FY24 Q1 13.5%
FY24 Q2 15.7%
FY24 Q3 23.6%
FY24 Q4 26.0%
FY25 Q1 22.2%
FY25 Q2 21.7%
FY25 Q3 21.5%
FY25 Q4 19.4%
FY26 Q1 23.8%
FY26 Q2 21.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Avepoint took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $419M
  2. Other income $7.1M · 1.7%
  3. Cost of revenue $109M · 25.9%
  4. Gross profit $311M · 74.1%
  5. Research and development $52.6M · 12.5%
  6. Selling, general and admin $225M · 53.7%
  7. Operating income $33M · 7.9%
  8. Income tax $5.4M · 1.3%
  9. Net income $34.8M · 8.3%

Shares of revenue. Source: Avepoint's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 116 152 192 232 272 330 419 466
Gross profit 80 111 139 166 194 248 311 342
EBITDA −18 −14 −52 −39 −13 10 36 —
Operating income −19 −15 −53 −41 −15 7 33 46
Net income −20 −17 −35 −42 −22 −29 35 71
Diluted EPS −$1.72 −$0.57 −$0.48 — −$0.12 −$0.16 $0.15 $0.31
Growth (year on year)
Revenue — +30.5% +26.6% +21.1% +17.0% +21.6% +26.9% +25.0%
EBITDA — — — — — — +258.0% —
Operating income — — — — — — +361.0% +99.3%
Margins
Gross margin 68.6% 73.4% 72.4% 71.5% 71.5% 75.0% 74.1% 73.4%
EBITDA margin −15.5% −9.5% −27.2% −16.8% −4.7% 3.0% 8.6% —
Operating margin −16.4% −10.2% −27.9% −17.7% −5.6% 2.2% 7.9% 9.8%
Net margin −17.4% −11.2% −18.4% −17.9% −8.0% −8.8% 8.3% 15.3%
Free-cash-flow margin −2.7% 11.9% 1.3% −2.0% 12.0% 26.0% 19.4% 21.7%
Cash flow
Cash from operations −2 19 5 −1 35 89 85 105
Capital spending 1 1 2 4 2 3 4 4
Free cash flow −3 18 3 −5 33 86 82 101
Stock-based pay 14 34 60 37 36 39 39 35
Free cash flow after stock pay −17 −16 −57 −42 −3 47 42 66
Balance sheet
Cash 1 69 268 227 223 291 481 417
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −1 −69 −268 −227 −223 −291 −481 −417
Diluted shares 74m 90m 142m 182m 182m 184m 229m 228m
Returned to shareholders
Buybacks 0 0 2 20 39 33 50 141
Total returned 0 0 2 20 39 33 50 141

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $757m
Short-term assets $557mLonger-term assets $200m
What it owes, and who funded it · $757m
Short-term liabilities $279mLonger-term liabilities $41mShareholders' equity $437m
  • Short-term assets cover short-term liabilities $557m of assets due within a year against $279m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $557m short-term assets against $41m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Avepoint, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$141M
Returned to shareholders
140%
of free cash flow
Buybacks, last 3 fiscal years
$122M
Diluted share count
+10.4%
year over year
Total shareholder yield
4.0%
dividends 0.0% + buybacks 4.0% of market value
R&D spending
12.3%
of revenue
Days sales outstanding
92 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated AVPT ADEA CLBT SPT YEXT PD Median
Revenue, last 12 months $466m $471m $476m $482m $443m $495m $482m
Revenue growth, last 12 months 25.0% 24.3% 18.6% 11.8% −1.5% 2.3% 12.0%
Revenue growth, 3-year average 23.0% 6.2% — 18.5% 3.2% 6.8% 11.1%
Revenue growth, latest quarter 22.0% 12.1% — 10.8% −1.8% 0.8% 11.9%
Gross margin 73.4% — 84.2% 77.4% 74.0% 84.8% 69.2%
Operating margin 9.8% 41.6% 14.0% −5.9% 8.3% 6.5% 1.1%
Operating margin, 3-year average 4.8% 34.7% — −12.6% 2.5% −6.7% −0.8%
Net margin 15.3% 26.1% 16.5% −6.1% 5.9% 37.2% 2.1%
Cash from operations / revenue 22.5% 40.6% 36.5% 11.2% 12.4% 26.6% 18.2%
Free-cash-flow margin 21.7% 40.0% 33.7% 10.5% 12.0% 25.6% 15.0%
Free-cash-flow margin, 3-year average 19.7% 44.8% — 6.2% 13.3% 24.0% 16.2%
Stock pay / revenue 7.6% 7.8% 9.4% 15.1% 9.7% 16.3% 9.3%
Change in share count 10.4% 0.5% 19.3% 3.2% −8.5% −6.1% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 25.0% 12.0% 38 of 184
Change in growth rate Growth -2.2pp +0.2pp 139 of 184
Gross margin Profitability 73.4% 69.8% 64 of 160
Operating margin Profitability 9.8% 1.1% 58 of 181
Net margin Profitability 15.3% 2.1% 43 of 185
Free-cash-flow margin Cash generation 21.7% 15.2% 69 of 180
Stock pay as % of revenue Cash generation 7.6% 9.3% 70 of 177
Change in share count Balance sheet 10.4% 1.7% 126 of 163
Days sales outstanding Balance sheet 92 days 57 days 127 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
SAAS $319M 76.1% ▲ 38.4%
Services $53.8M 12.8% ▲ 22.3%
Termed License and Support $41.4M 9.9% ▼ 7.1%
Maintenance $5.1M 1.2% ▼ 54.5%
Geography
Region Revenue YoY
North America $165M ▲ 21.3%
United States $163M ▲ 20.2%
EMEA $134M ▲ 35.3%
Asia Pacific $120M ▲ 26.2%
Germany $56.1M ▲ 34.3%
Singapore $51.7M ▲ 19.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Avepoint, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.6B
Institutions reporting
253
Shares held vs prior quarter
▲ 7.1%
Positions opened / closed
40 / 41

Top buyers and sellers, Q2 2026: 159 institutions bought and 107 sold ; the biggest buyer was Goldman Sachs Group Inc (+2.5M shares) and the biggest seller SG Americas Securities, LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Anchor @ 65 Pte. Ltd. $223M 19.9M 14.1% 0.0%
Blackrock, Inc. $162M 14.4M 10.2% ▲ 14.3%
Vanguard Portfolio Management LLC $121M 10.8M 7.6% ▼ 4.9%
Morgan Stanley $96.1M 8.6M 6.1% ▲ 7.6%
Vanguard Capital Management LLC $72.5M 6.5M 4.6% ▼ 6.9%
Goldman Sachs Group Inc $56.7M 5.1M 3.6% ▲ 96.3%
D. E. Shaw & Co., Inc. $50.4M 4.5M 3.2% ▼ 18.4%
Geode Capital Management, LLC $46.2M 4.1M 2.9% ▲ 12.0%
State Street Corp $43.9M 3.9M 2.8% ▲ 11.5%
Parsifal Capital Management, LP $42.9M 3.8M 2.7% ▲ 0.4%
Two Sigma Investments, LP $37.3M 3.3M 2.4% ▲ 15.1%
Dimensional Fund Advisors LP $37.2M 3.3M 2.3% ▲ 1.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Avepoint, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $6.5M 18 trades by 2 insiders · 100% under pre-set plans
Net ▼ $6.5M net selling
Insider Date Trade Shares Price Value
Brown Brian Michael Chief Legal Officer October 23, 2026 Sell pre-set plan 35,000 $16.42 $574,700
Brown Brian Michael Chief Legal Officer October 20, 2026 Sell pre-set plan 72,606 $15.26 $1.1M
Brown Brian Michael Chief Legal Officer October 16, 2026 Sell pre-set plan 3,500 $15.20 $53,200
Brown Brian Michael Chief Legal Officer October 6, 2026 Sell pre-set plan 28,894 $15.15 $437,744
Brown Brian Michael Chief Legal Officer September 30, 2026 Sell pre-set plan 10,000 $14.11 $141,100
Brown Brian Michael Chief Legal Officer September 23, 2026 Sell pre-set plan 10,000 $13.07 $130,700
Brown Brian Michael Chief Legal Officer August 27, 2026 Sell pre-set plan 60,000 $14.20 $852,000
Brown Brian Michael Chief Legal Officer August 24, 2026 Sell pre-set plan 10,000 $13.30 $133,000
Brown Brian Michael Chief Legal Officer July 29, 2026 Sell pre-set plan 5,176 $13.06 $67,599
Brown Brian Michael Chief Legal Officer July 28, 2026 Sell pre-set plan 4,824 $13.08 $63,098
Brown Brian Michael Chief Legal Officer July 15, 2026 Sell pre-set plan 31,631 $13.18 $416,897
Brown Brian Michael Chief Legal Officer July 14, 2026 Sell pre-set plan 8,369 $13.00 $108,797

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Avepoint, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Avepoint, Inc. in brief

What does Avepoint, Inc. do?
Avepoint, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Avepoint, Inc.'s stock ticker?
Avepoint, Inc. trades under the ticker AVPT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Avepoint, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Avepoint, Inc. reported revenue of $466M, 25.0% higher than a year earlier, according to its SEC filings.
What is Avepoint, Inc.'s free cash flow?
Avepoint, Inc.'s free-cash-flow margin is 21.7% of revenue over the trailing twelve months, ranking 69 of the 180 application software companies we cover.
What is Avepoint, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Avepoint, Inc.'s free cash flow after stock-based pay gives ~$12 per share in the base case, and ~$9.8–$15 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Avepoint, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Anchor @ 65 Pte. Ltd., Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Avepoint, Inc. buying back stock, and does it pay a dividend?
Avepoint, Inc. spent $141M on share repurchases over the trailing twelve months, and its diluted share count still rose 10.4% over the year.
What is Avepoint, Inc.'s market cap?
On November 2, 2026, Avepoint, Inc.'s market capitalisation was about $3.8B, with a price-to-earnings ratio of 53.2 and net debt of -$417M. Market figures come from third-party market data and may be delayed.
Who are Avepoint, Inc.'s competitors?
In our Application Software peer group, the companies closest to Avepoint, Inc. are Adeia Inc., Cellebrite DI Ltd., Sprout Social, Inc., Yext, Inc. and Pagerduty, Inc. The side-by-side comparison below sets their revenue, margins and growth against Avepoint, Inc.'s.
Are insiders buying or selling Avepoint, Inc. stock?
Over the last 12 months, Avepoint, Inc.'s directors and officers reported 0 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Avepoint, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Avepoint, Inc. announces its own schedule.