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AvePoint, Inc. (AVPT) 10-Year Financial Performance & Capital Metrics

AVPT • • Industrial / General
TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Storage & Content Management
AboutAvePoint, Inc. provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance management extensions for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace. In addition, the company offers software solutions for Microsoft 365, including microsoft teams, sharepoint online, exchange online, onedrive, project online, planner, yammer and other public folders. The company was incorporated in 2001 and is headquartered in Jersey City, New Jersey.Show more
  • Revenue $330M +21.6%
  • EBITDA $13M +217.7%
  • Net Income -$29M -33.9%
  • EPS (Diluted) -0.16 -33.3%
  • Gross Margin 75.03% +4.9%
  • EBITDA Margin 3.8% +196.8%
  • Operating Margin 2.17% +138.4%
  • Net Margin -8.8% -10.1%
  • ROE -11.73% -26.4%
  • ROIC 81.75% +274.4%
  • Debt/Equity 0.06 -6.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 26.0% free cash flow margin
  • ✓Strong 5Y sales CAGR of 23.3%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y23.27%
3Y19.86%
TTM24.71%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM125.8%

EPS CAGR

10Y-
5Y-
3Y-
TTM84.3%

ROCE

10Y Avg-23.9%
5Y Avg-15.5%
3Y Avg-6.02%
Latest2.55%

Peer Comparison

Cloud Storage & Content Management
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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+116.1M151.53M191.91M232.34M271.82M330.48M
Revenue Growth %-0.31%0.27%0.21%0.17%0.22%
Cost of Goods Sold+36.4M40.29M52.66M66.28M77.46M82.53M
COGS % of Revenue0.31%0.27%0.27%0.29%0.28%0.25%
Gross Profit+79.7M111.24M139.25M166.06M194.37M247.96M
Gross Margin %0.69%0.73%0.73%0.71%0.72%0.75%
Gross Profit Growth %-0.4%0.25%0.19%0.17%0.28%
Operating Expenses+98.71M126.68M192.74M207.13M209.72M240.79M
OpEx % of Revenue0.85%0.84%1%0.89%0.77%0.73%
Selling, General & Admin86.52M113.42M159.73M175.77M173.38M192.09M
SG&A % of Revenue0.75%0.75%0.83%0.76%0.64%0.58%
Research & Development11.15M12.2M31.77M31.36M36.34M48.7M
R&D % of Revenue0.1%0.08%0.17%0.13%0.13%0.15%
Other Operating Expenses1.05M1.06M1.24M000
Operating Income+-19.01M-15.44M-53.49M-41.07M-15.35M7.17M
Operating Margin %-0.16%-0.1%-0.28%-0.18%-0.06%0.02%
Operating Income Growth %-0.19%-2.47%0.23%0.63%1.47%
EBITDA+-17.96M-14.38M-52.25M-37.57M-10.66M12.55M
EBITDA Margin %-0.15%-0.09%-0.27%-0.16%-0.04%0.04%
EBITDA Growth %-0.2%-2.63%0.28%0.72%2.18%
D&A (Non-Cash Add-back)1.05M1.06M1.24M3.49M4.69M5.38M
EBIT-19.01M-15.44M-53.49M-33.61M-15.35M7.17M
Net Interest Income+56K41K102K-40K26K166K
Interest Income56K41K102K026K166K
Interest Expense00040K00
Other Income/Expense-548K-470K20.7M7.42M-3.26M-31.57M
Pretax Income+-19.56M-15.91M-32.79M-33.65M-18.61M-24.4M
Pretax Margin %-0.17%-0.1%-0.17%-0.14%-0.07%-0.07%
Income Tax+614K1.06M457K5.04M2.89M4.74M
Effective Tax Rate %1.03%1.07%1.07%1.24%1.17%1.19%
Net Income+-20.17M-17M-35.22M-41.63M-21.73M-29.09M
Net Margin %-0.17%-0.11%-0.18%-0.18%-0.08%-0.09%
Net Income Growth %-0.16%-1.07%-0.18%0.48%-0.34%
Net Income (Continuing)-20.17M-16.97M-33.24M-38.69M-21.5M-29.14M
Discontinued Operations000000
Minority Interest03.06M5.21M14.01M14.24M1.79M
EPS (Diluted)+0.07-0.57-0.48-0.23-0.12-0.16
EPS Growth %--9.47%0.16%0.52%0.48%-0.33%
EPS (Basic)0.07-0.57-0.48-0.23-0.12-0.16
Diluted Shares Outstanding44.06M89.64M141.6M181.96M182.26M183.72M
Basic Shares Outstanding44.06M89.64M141.6M181.96M182.26M183.72M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+58.59M120.7M334.16M306.3M325.58M394.8M
Cash & Short-Term Investments15.47M70.1M270.63M229.81M226.88M290.9M
Cash Only12.16M69.11M268.22M227.19M223.16M290.74M
Short-Term Investments3.31M992K2.41M2.62M3.72M167K
Accounts Receivable39.93M48.25M55.07M66.47M85.88M87.36M
Days Sales Outstanding125.55116.22104.73104.43115.3196.49
Inventory000000
Days Inventory Outstanding------
Other Current Assets00010.01M12.82M16.53M
Total Non-Current Assets+39.49M48.36M54.58M109.24M117M124.26M
Property, Plant & Equipment2.65M2.66M3.92M21.39M19.03M21.24M
Fixed Asset Turnover43.76x56.90x48.93x10.86x14.29x15.56x
Goodwill00018.9M19.16M17.71M
Intangible Assets00011.08M10.55M8.89M
Long-Term Investments57K800K2.41M008.3M
Other Non-Current Assets36.78M44.89M48.25M57.86M68.27M68.11M
Total Assets+98.08M169.05M388.74M415.53M442.58M519.05M
Asset Turnover1.18x0.90x0.49x0.56x0.61x0.64x
Asset Growth %-0.72%1.3%0.07%0.07%0.17%
Total Current Liabilities+69.25M92.22M111.18M142.71M176.66M222.96M
Accounts Payable898K774K1.82M1.52M1.38M2.35M
Days Payables Outstanding97.0112.648.376.5210.4
Short-Term Debt000000
Deferred Revenue (Current)001000K1000K1000K1000K
Other Current Liabilities49.07M69.39M11.13M32.51M33.86M8.84M
Current Ratio0.85x1.31x3.01x2.15x1.84x1.77x
Quick Ratio0.85x1.31x3.01x2.15x1.84x1.77x
Cash Conversion Cycle------
Total Non-Current Liabilities+43.56M81.72M21.99M29.67M41.07M25.15M
Long-Term Debt000000
Capital Lease Obligations00011.35M9.38M9.91M
Deferred Tax Liabilities000000
Other Non-Current Liabilities43.56M81.72M13.96M10.24M23.95M6.4M
Total Liabilities112.81M173.94M133.17M172.38M217.74M248.11M
Total Debt+247K0016.74M14.72M16.53M
Net Debt-11.91M-69.11M-268.22M-210.45M-208.44M-274.2M
Debt / Equity---0.07x0.07x0.06x
Debt / EBITDA-----1.32x
Net Debt / EBITDA------21.85x
Interest Coverage----1026.65x--
Total Equity+-14.73M-4.89M255.56M243.15M224.84M270.95M
Equity Growth %-0.67%53.29%-0.05%-0.08%0.21%
Book Value per Share-0.33-0.051.801.341.231.47
Total Shareholders' Equity-14.73M-7.95M250.35M229.15M210.6M269.15M
Common Stock10K12K18K19K18K19K
Retained Earnings-233.96M-299.79M-375.3M-416.93M-460.5M-510.45M
Treasury Stock00-1.74M-21.67M00
Accumulated OCI2.87M3.28M2.32M2.01M3.2M576K
Minority Interest03.06M5.21M14.01M14.24M1.79M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.05M19.12M5.03M-774K34.69M88.89M
Operating CF Margin %-0.02%0.13%0.03%-0%0.13%0.27%
Operating CF Growth %-10.32%-0.74%-1.15%45.82%1.56%
Net Income-20.17M-16.97M-33.24M-38.69M-21.73M-29.14M
Depreciation & Amortization1.05M1.06M1.24M3.49M4.69M5.38M
Stock-Based Compensation13.89M33.77M59.51M37.22M36.05M39.06M
Deferred Taxes-1.61M-433K-175K3.7M-864K498K
Other Non-Cash Items665K392K-20.68M1.77M18.98M44.34M
Working Capital Changes4.13M1.3M-1.62M-8.27M-2.43M28.75M
Change in Receivables-13.15M-8.95M-8.24M-14.39M-19.45M-4.9M
Change in Inventory156K00000
Change in Payables7.78M971K10.63M-2.55M609K16.05M
Cash from Investing+-1.48M1.37M-3.38M-21.45M-5.65M-2.6M
Capital Expenditures-1.08M-1.02M-2.46M-3.85M-2.09M-3.04M
CapEx % of Revenue0.01%0.01%0.01%0.02%0.01%0.01%
Acquisitions------
Investments------
Other Investing000-1.61M-1.43M-3.09M
Cash from Financing+-94K35.56M198.62M-17.15M-33.67M-15.54M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-4.68M211K333.44M2.82M5.43M17.52M
Net Change in Cash------
Free Cash Flow+-3.13M18.1M2.57M-6.24M31.17M85.85M
FCF Margin %-0.03%0.12%0.01%-0.03%0.11%0.26%
FCF Growth %-6.77%-0.86%-3.43%6%1.75%
FCF per Share-0.070.200.02-0.030.170.47
FCF Conversion (FCF/Net Income)0.10x-1.12x-0.14x0.02x-1.60x-3.06x
Interest Paid0013K000
Taxes Paid247K1.07M4.04M3.32M6.11M6.88M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---28.1%-16.69%-9.28%-11.73%
Return on Invested Capital (ROIC)----307.17%-46.89%81.75%
Gross Margin68.65%73.41%72.56%71.47%71.5%75.03%
Net Margin-17.38%-11.22%-18.35%-17.92%-7.99%-8.8%
Debt / Equity---0.07x0.07x0.06x
Interest Coverage----1026.65x--
FCF Conversion0.10x-1.12x-0.14x0.02x-1.60x-3.06x
Revenue Growth-30.52%26.65%21.07%16.99%21.58%

Revenue by Segment

2021202220232024
SaaS---318.5M
SaaS Growth----
Termed License and Support--254.2M44.56M
Termed License and Support Growth----82.47%
Service31.92M41.28M44.8M44.04M
Service Growth-29.34%8.51%-1.69%
Maintenance21.02M15.87M13.32M11.22M
Maintenance Growth--24.52%-16.03%-15.80%
SaaS [Member--307.4M-
SaaS [Member Growth----
License2.42M794K--
License Growth--67.16%--

Revenue by Geography

2021202220232024
North America83.03M102.03M118.49M135.87M
North America Growth-22.87%16.14%14.67%
EMEA58.28M71.64M81.75M99.26M
EMEA Growth-22.90%14.12%21.41%
Asia Pacific50.59M58.68M71.58M95.36M
Asia Pacific Growth-15.99%21.99%33.21%

Frequently Asked Questions

Growth & Financials

AvePoint, Inc. (AVPT) reported $394.0M in revenue for fiscal year 2024. This represents a 239% increase from $116.1M in 2019.

AvePoint, Inc. (AVPT) grew revenue by 21.6% over the past year. This is strong growth.

Yes, AvePoint, Inc. (AVPT) is profitable, generating $2.0M in net income for fiscal year 2024 (-8.8% net margin).

Dividend & Returns

AvePoint, Inc. (AVPT) has a return on equity (ROE) of -11.7%. Negative ROE indicates the company is unprofitable.

AvePoint, Inc. (AVPT) generated $83.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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