Filing Flows › AvePoint (AVPT) › Q1 2025
AvePoint (AVPT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
AvePoint (AVPT) reported revenue of $93.1M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +4% from the quarter before. Operating margin was 3.5%, net earnings $3.4M (3.7% of revenue).
AvePoint, Q1 2025: revenue $93.1M (+25% year over year), operating margin 3.5%, net earnings $3.4M, operating cash flow $495K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.1M | +4% | +25% |
| Gross profit | $69.2M | +3% | +28% |
| Operating profit | $3.3M | -32% | — |
| Net earnings | $3.4M | — | — |
| Operating cash flow | $495K | -98% | -94% |
What changed
Revenue was $93.1M in Q1 2025, up 25% year over year and up 4% from the previous quarter. SaaS was the largest line at 74% of revenue. SaaS added $17.6M year over year (up 34%), 95% of the total change. Maintenance declined 27%.
Gross margin was 74.3%, up 1.7 points from a year earlier. Operating profit was $3.3M, a 3.5% margin (up 7.8 points year over year). Operating expenses grew 15% against revenue growth of 25%. The fastest-growing cost line was Research & development (+21%). Net earnings were $3.4M. The effective tax rate was 26.8%. Non-operating items added $1.6M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $495K (down 94% year over year), 14% of net income including minority interests. Non-cash charges added back $9.6M of share-based compensation. Working capital and other items used $12.7M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was AvePoint's revenue in the first quarter 2025?
AvePoint (AVPT) reported revenue of $93.1M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +4% from the quarter before.
Was AvePoint profitable in the first quarter 2025?
Operating profit was $3.3M (3.5% of revenue) and net earnings $3.4M.
Source: AvePoint 10-Q on SEC EDGAR.