Feed / AVPT

AvePoint, Inc.

AVPT

Technology · 12.67 -0.8% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

AvePoint, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

What changed
  • Revenue increased 22.0% versus the comparable filing period.
  • Gross margin fell 0.9 percentage points.
Company-0.8% todayVolume comparison unavailable
Market group0 of 36 activeEnterprise Software · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • AVPT's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if AVPT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Infrastructure

The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports
  • Revenue increased 22.0% versus the comparable filing period.
  • Operating margin improved 1.3 percentage points.
  • Net income increased 921.9% versus the comparable filing period.
Evidence that challenges
  • Gross margin fell 0.9 percentage points.
What would clarify the read
  • AVPT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations328
Usable filing statements119
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +26.9% year over year.
  • Operating margin changed +5.7 percentage points in the latest annual period.
  • Net margin changed +17.1 percentage points in the latest annual period.
  • Operating cash flow covered net income at 2.45x in the latest annual period.
  • Product pipeline and R&D has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Diluted shares increased 24.8% in the latest annual period.
Questions before a position
  • EV/sales is 30% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

12.67
6m+21.1%12m-19.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$191.9M+26.6%$-0.48
2022-12-31$232.3M+21.1%+28.5%
2023-12-31$271.8M+17.0%$-0.12+0.2%
2024-12-31$330.5M+21.6%$-0.16+0.8%
2025-12-31$419.5M+26.9%$0.15+24.8%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dpositive · 5 filings
The market in which we operate is characterized by the exponential growth in data generated and managed by enterprises, rapid technological advances, changes in customer requirements, including customer requirements driven by changes to legal, regulatory and…
10-K · Feb 26, 2026
Demand and volumemixed · 4 filings
The increase in SaaS revenue, which was driven by strong customer demand for our SaaS solutions, was partially offset by an expected decrease in term license and support revenues.
10-Q · Aug 6, 2026
Foreign exchangemixed · 1 filings
Adjustments resulting from translating such foreign functional currency assets and liabilities into U.S.
10-K · Feb 26, 2026
Supply chain and availabilitymixed · 1 filings
Adjustments resulting from translating such foreign functional currency assets and liabilities into U.S.
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.9× · EV/sales 5.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

12.67-0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for AVPT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

Fundamentals strengthened in the latest filing

10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.

constructive
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Cash conversion improved

supportive

Capital-spending intensity declined while free-cash-flow margin improved.

Capital spending YoY
+0.2%
Capital spending / revenue
+1.0%
Free-cash-flow margin
+15.6%
FCF margin change
+6.2 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 22.0% versus the comparable filing period.
  • Operating margin improved 1.3 percentage points.
  • Net income increased 921.9% versus the comparable filing period.

What weakened

  • Gross margin fell 0.9 percentage points.

Filing receipts

% Non-GAAP percentage of revenue 11.1 % 10.8 % — — Research and development expenses increased 18.2% to $30.3 million for the six months ended June 30, 2026 , primarily driven by a $2.9 million increase in personnel costs, a $0.6 million increase in software maintenance expense, and a $0.6 million increase in training and professional development.

General and Administrative General and administrative expenses during the three months ended June 30, 2026 and 2025 were as follows: Three Months Ended June 30, Change 2026 2025 Amount % (in thousands, except percentages) General and administrative $ 18,677 $ 19,712 $ (1,035 ) (5.3 )% Percentage of revenue 15.0 % 19.3 % — — GAAP general and administrative $ 18,677 $ 19,712 $ (1,035 ) (5.3 )% Stock-based compensation expense (4,276 ) (5,580 ) 1,304 (23.4 )% Non-GAAP general and administrative $ 14,401 $ 14,132 $ 269 1.9 % Non-GAAP percentage of revenue 11.6 % 13.9 % — — General and administrative expenses decreased 5.3% to $18.7 million for the three months ended June 30, 2026, primarily dri...

General and Administrative General and administrative expenses during the six months ended June 30, 2026 and 2025 were as follows: Six Months Ended June 30, Change 2026 2025 Amount % (in thousands, except percentages) General and administrative $ 35,549 $ 38,379 $ (2,830 ) (7.4 )% Percentage of revenue 14.7 % 19.7 % — — GAAP general and administrative $ 35,549 $ 38,379 $ (2,830 ) (7.4 )% Stock-based compensation expense (7,281 ) (10,334 ) 3,053 (29.5 )% Non-GAAP general and administrative $ 28,268 $ 28,045 $ 223 0.8 % Non-GAAP percentage of revenue 11.7 % 14.4 % — — General and administrative expenses decreased 7.4% to $35.5 million for the six months ended June 30, 2026, primarily driven b...

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind AVPT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

HSBCHSBC Holdings plclenderMay 7, 2026

We are required to maintain a minimum Consolidated Fixed Charge Coverage Ratio (as defined in the Loan Agreement) as well as a maximum Consolidated Total Leverage Ratio, tested by HSBC each quarter.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

AVPT is currently a Follower in the organic co-movement group Enterprise Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.