Filing Flows › AvePoint (AVPT) › Q3 2025
AvePoint (AVPT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
AvePoint (AVPT) reported revenue of $110M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +8% from the quarter before. Operating margin was 7.4%, net earnings $13.0M (11.9% of revenue).
AvePoint, Q3 2025: revenue $110M (+24% year over year), operating margin 7.4%, net earnings $13.0M, operating cash flow $34.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | +8% | +24% |
| Gross profit | $81.6M | +8% | +21% |
| Operating profit | $8.1M | +15% | +6% |
| Net earnings | $13.0M | +350% | +345% |
| Operating cash flow | $34.8M | +72% | +8% |
| Free cash flow | $34.3M | +78% | +11% |
What changed
Revenue was $109.7M in Q3 2025, up 24% year over year and up 8% from the previous quarter. SaaS was the largest line at 77% of revenue. SaaS added $23.1M year over year (up 38%), 110% of the total change. Maintenance declined 72%.
Gross margin was 74.4%, down 1.8 points from a year earlier. Operating profit was $8.1M, a 7.4% margin (down 1.2 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 9% margin then. Operating expenses grew 23% against revenue growth of 24%. The fastest-growing cost line was General & admin (+40%). Net earnings were $13.0M, up 397% year over year. The effective tax rate was -1.6%. Non-operating items added $4.7M, 37% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $34.8M (up 8% year over year), 268% of net earnings. Non-cash charges added back $10.7M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $507K left free cash flow of $34.3M.
Questions
What was AvePoint's revenue in the third quarter 2025?
AvePoint (AVPT) reported revenue of $110M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +8% from the quarter before.
Was AvePoint profitable in the third quarter 2025?
Operating profit was $8.1M (7.4% of revenue) and net earnings $13.0M.
Source: AvePoint 10-Q on SEC EDGAR.