AvePoint, Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $109.7 million for the three months ended September 30, 2025, a 24% increase compared to $88.8 million in the same period last year. The company's annual recurring revenue (ARR) also saw a notable rise, increasing 26% year-over-year to $390 million. The growth was primarily driven by a 38% surge in Software as a Service (SaaS) revenue, which amounted to $84 million, representing 77% of total revenue, up from 69% in the prior year. The company’s net income for the quarter was $13 million, compared to $2.9 million in the same quarter of 2024.
In terms of operational metrics, AvePoint's customer base and engagement levels have also improved. The company reported a total of 212 million shares outstanding as of September 30, 2025, up from 194 million at the end of 2024. The increase in customer engagement is reflected in the growth of services revenue, which rose 27% to $13.8 million. However, the company experienced a decline in term license and maintenance revenues, which fell by 21% and 72%, respectively, as it continues to transition away from perpetual licenses towards its SaaS offerings.
Strategically, AvePoint made significant moves during the quarter, including the completion of a secondary listing of its common stock on the Main Board of the Singapore Exchange, making it the first B2B SaaS company to achieve dual listing on both Nasdaq and SGX-ST. Additionally, the company acquired 80% of Ydentic Holding B.V. for approximately $20.4 million, enhancing its SaaS solutions for managed service providers. The acquisition is expected to bolster AvePoint's capabilities in multi-tenant management for Microsoft solutions.
Financially, AvePoint's total assets increased to $743.5 million as of September 30, 2025, up from $519.1 million at the end of 2024. The company reported cash and cash equivalents of $471.6 million, reflecting a strong liquidity position. Operating expenses also rose, with sales and marketing expenses increasing by 18% to $35.6 million, driven by higher personnel costs. The company’s outlook remains positive, with expectations for continued growth in SaaS revenue and overall operational performance, although it acknowledges potential challenges from market conditions and competition.
About AvePoint, Inc.
AvePoint, Inc. provides a cloud-native data management platform that integrates data security, governance, and business continuity for organizations across industries and regions. Its AvePoint Confidence Platform offers modular SaaS solutions to manage, protect, and optimize data across multiple cloud services like Microsoft, Salesforce, and Google. Serving enterprises, mid-market, and small businesses primarily through direct sales and a global partner ecosystem, AvePoint emphasizes automation, compliance, and AI readiness to enhance data-driven operations.
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