AvePoint, Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $102.0 million for the three months ended June 30, 2025, marking a 31% increase compared to $77.9 million in the same period last year. The company's Software as a Service (SaaS) revenue was a key driver, increasing by 44% year-over-year to $77.3 million, which now constitutes 76% of total revenue, up from 69% a year prior. For the first half of 2025, AvePoint's total revenue was $195.1 million, a 27.9% increase from $152.5 million in the first half of 2024. The company also reported a net income of $2.9 million for the second quarter, a turnaround from a net loss of $12.9 million in the same quarter of the previous year.
The financial performance reflects a strategic shift towards SaaS offerings, which have become increasingly popular among customers. The company’s annual recurring revenue (ARR) also saw a notable increase of 27% year-over-year, reaching $367.6 million as of June 30, 2025. This growth was attributed to both new customer acquisitions and the expansion of existing customer relationships. Additionally, AvePoint's gross profit for the second quarter was $75.5 million, resulting in a gross margin of 74%, slightly down from 75.7% in the prior year, primarily due to increased costs associated with personnel and cloud hosting.
In terms of operational developments, AvePoint completed the acquisition of Ydentic Holding B.V. in January 2025, which is expected to enhance its SaaS solutions for managed service providers. The acquisition cost approximately $20.4 million and is anticipated to contribute positively to the company's offerings. Furthermore, AvePoint has expanded its product suite with new features aimed at improving data governance and security, including advanced AI capabilities. The company also reported a significant increase in its employee headcount, reflecting its ongoing investment in talent to support growth.
Geographically, revenue growth was observed across all regions, with North America, EMEA, and APAC reporting increases of 24.8%, 37.8%, and 32.1%, respectively. The company’s strategic focus on expanding its international presence has contributed to this growth, with SaaS revenue in EMEA and APAC showing particularly strong performance. AvePoint's cash and cash equivalents stood at $429.8 million as of June 30, 2025, providing a solid liquidity position to support future growth initiatives.
Looking ahead, AvePoint remains optimistic about its growth trajectory, driven by the increasing demand for cloud-based data management solutions. The company plans to continue investing in product development and expanding its market reach, while also managing costs effectively to enhance profitability. AvePoint's management believes that the ongoing transition to SaaS and the successful integration of recent acquisitions will further solidify its position in the competitive landscape of data management solutions.
About AvePoint, Inc.
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