AvePoint Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	419.5	330.48	271.83	232.34	191.91
Revenue Growth (YoY)	26.93%	21.58%	16.99%	21.07%	26.65%
Cost of Revenue	108.8	82.53	77.46	66.28	53
Gross Profit	310.7	247.96	194.37	166.06	138.91
Selling, General & Admin	225.08	192.09	173.38	175.77	160.26
Research & Development	52.59	48.7	36.34	31.36	32.14
Operating Expenses	277.66	240.79	209.72	207.13	192.4
Operating Income	33.04	7.17	-15.35	-41.07	-53.49
Interest Expense	-	-	-	-0.04	-
Interest & Investment Income	-	0.17	0.03	-	0.1
Currency Exchange Gain (Loss)	-	-0.66	-0.78	0.11	-0.88
Other Non Operating Income (Expenses)	7.47	-3.04	0.05	0.04	0.23
EBT Excluding Unusual Items	40.5	3.64	-16.06	-40.96	-54.04
Gain (Loss) on Sale of Investments	-	9.24	8.9	2.81	0.02
Other Unusual Items	-	-37.28	-11.45	4.5	21.23
Pretax Income	40.5	-24.4	-18.61	-33.65	-32.79
Income Tax Expense	5.38	4.74	2.89	5.04	0.46
Earnings From Continuing Operations	35.12	-29.14	-21.5	-38.69	-33.25
Minority Interest in Earnings	-0.32	0.05	-0.22	-2.94	-1.97
Net Income	34.8	-29.09	-21.73	-41.63	-35.22
Preferred Dividends & Other Adjustments	-	-	-	-	32.93
Net Income to Common	34.8	-29.09	-21.73	-41.63	-68.15
Shares Outstanding (Basic)	208	184	182	182	142
Shares Outstanding (Diluted)	229	184	182	182	142
Shares Change (YoY)	24.80%	0.80%	0.17%	28.50%	57.96%
EPS (Basic)	0.17	-0.16	-0.12	-0.23	-0.48
EPS (Diluted)	0.15	-0.16	-0.12	-0.23	-0.48
Free Cash Flow	81.57	85.85	32.61	-4.63	2.57
Free Cash Flow Per Share	0.36	0.47	0.18	-0.03	0.02
Gross Margin	74.06%	75.03%	71.50%	71.47%	72.38%
Operating Margin	7.88%	2.17%	-5.65%	-17.68%	-27.87%
Profit Margin	8.29%	-8.80%	-7.99%	-17.92%	-35.51%
Free Cash Flow Margin	19.45%	25.98%	12.00%	-1.99%	1.34%
EBITDA	39.24	12.55	-10.66	-37.57	-52.25
EBITDA Margin	9.35%	3.80%	-3.92%	-16.17%	-27.23%
D&A For EBITDA	6.21	5.38	4.69	3.49	1.24
EBIT	33.04	7.17	-15.35	-41.07	-53.49
EBIT Margin	7.88%	2.17%	-5.65%	-17.68%	-27.87%
Effective Tax Rate	13.29%	-	-	-	-
Revenue as Reported	419.5	330.48	271.83	232.34	191.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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