Filing Flows › AvePoint (AVPT) › Q4 2025
AvePoint (AVPT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
AvePoint (AVPT) reported revenue of $115M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +5% from the quarter before. Operating margin was 12.7%, net earnings $15.6M (13.6% of revenue).
AvePoint, Q4 2025: revenue $115M (+29% year over year), operating margin 12.7%, net earnings $15.6M, operating cash flow $29.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +5% | +29% |
| Gross profit | $84.4M | +3% | +25% |
| Operating profit | $14.5M | +79% | +199% |
| Net earnings | $15.6M | +20% | — |
| Operating cash flow | $29.7M | -15% | -9% |
| Free cash flow | $29.0M | -16% | -10% |
What changed
Revenue was $114.7M in Q4 2025, up 29% year over year and up 5% from the previous quarter. SaaS was the largest line at 78% of revenue.
Gross margin was 73.6%, down 1.8 points from a year earlier. Operating profit was $14.5M, a 12.7% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 5% margin then. Operating expenses grew 12% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $15.6M. The effective tax rate was 2.0%.
Operating cash flow was $29.7M (down 9% year over year), 190% of net earnings. Non-cash charges added back $7.9M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $697K left free cash flow of $29.0M.
Questions
What was AvePoint's revenue in the fourth quarter 2025?
AvePoint (AVPT) reported revenue of $115M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +5% from the quarter before.
Was AvePoint profitable in the fourth quarter 2025?
Operating profit was $14.5M (12.7% of revenue) and net earnings $15.6M.
Source: AvePoint 10-K on SEC EDGAR.