Recent News
On Sept. 16, 2025 the company priced a public offering of 13,290,360 shares at $19.50 per share in connection with a planned listing on the Singapore Exchange. The announcement described the shares as offered by selling stockholders and set a September trading timetable for the SGX listing.
Technical Analysis
Directional indicators show ADX at 26.2, signaling a strong trend environment; DI+ registered a peak-and-reversal at 13.75, which acts as a bearish pressure signal, while DI- at 24.13 moved lower, which functions as a bullish counterweight. The combined directional picture implies contested momentum with trend strength present.
MACD sits at -0.24 with a peak-and-reversal pattern, which signals bearish momentum, yet the MACD line crossed above its signal line (-0.26), creating a short-term bullish crossover event. Those conflicting MACD signals suggest momentum instability and potential for choppy price action near current levels.
MRO registers -10.72 with a dip-and-reversal pattern; the negative MRO indicates price below the model target and therefore technical potential for upward mean reversion from this level.
RSI reads 44.19 and shows a peak-and-reversal pattern, reflecting weakening upward momentum and room for further consolidation below neutral territory. Price closed at $15.28, trading below the 20-day average ($15.84), the 50-day average ($16.57), and the 200-day average ($17.10), which creates resistance into any near-term recovery attempts.
Price sits below the 1x lower Bollinger band ($15.38) and just above SuperTrend support at $15.23, indicating short-term downside pressure with immediate support close to the current print. Volume on the day (820,910) trailed the 10-day and 50/200-day averages, suggesting reduced participation during the latest move.
Fundamental Analysis
AvePoint reported total revenue of $102,018,000 for the period ending 2025-06-30 and recorded SaaS-led growth momentum reported in the quarter. Revenue growth quarter-over-quarter measured 121.071%, and revenue growth year-over-year measured 109.243%, showing rapid top-line expansion across the most recent intervals.
Gross margin registered 74.045%, supporting high product-level profitability. Operating margin and EBIT margin both measured 6.954%, reflecting narrower operating leverage after cost absorption. The company’s EBIT margin sits below the industry peer mean of 34.268% and below the industry peer median of 43.473%, indicating lower operating profitability relative to peers despite strong gross margins.
EPS arrived at $0.03 versus an estimate of $0.06, producing an EPS surprise of -50% and an EPS difference of -$0.03. Free cash flow measured $18,945,000 with a free cash flow yield of 0.527%, marginally below the industry peer mean free cash flow yield of 0.528%. Cash and short-term investments totaled $430,141,000, delivering a cash cushion that represents roughly 11.96% of market capitalization ($3,593,953,162).
Leverage remained minimal: total debt equaled $11,592,000, debt-to-assets registered 1.656%, and debt-to-EBITDA stood near 1.33x, indicating a conservative debt posture. Return on assets measured 0.415% and return on equity 0.609%, both reflecting modest returns given the company’s capital base and current profitability levels. Earnings growth showed -40% on the most recent metric, signaling contraction in bottom-line momentum despite top-line expansion.
WMDST values the stock as over-valued. Market multiples appear elevated—PE at 608.39 and forward PE near 310—but valuation commentary follows WMDST’s assessment rather than peer-comparison of multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 351.5 M |
| Operating Cash Flow | $ 20.3 M | |
| Capital Expenditures | $ -1.32 M | |
| Change In Working Capital | $ -1.38 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 78.3 M | |
| End Period Cash Flow | $ 429.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 102.0 M | |
| Forward Revenue | $ 114.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 26.5 M | |
| Depreciation | $ 1.6 M | |
| Depreciation and Amortization | $ 1.6 M | |
| Research and Development | $ 13.0 M | |
| Total Operating Expenses | $ 94.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 75.5 M | |
| EBITDA | $ 8.7 M | |
| EBIT | $ 7.1 M | |
| Operating Income | $ 7.1 M | |
| Interest Income | $ 1.4 M | |
| Interest Expense | — | |
| Net Interest Income | $ 1.4 M | |
| Income Before Tax | $ 6.9 M | |
| Tax Provision | $ 4.0 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 2.7 M | |
| Net Income From Continuing Operations | $ 2.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.06 | |
| EPS Actual | $ 0.03 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -50.0 % | |
| Forward EPS | $ 0.06 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 700.1 M | |
| Intangible Assets | $ 50.4 M | |
| Net Tangible Assets | $ 392.7 M | |
| Total Current Assets | $ 539.8 M | |
| Cash and Short-Term Investments | $ 430.1 M | |
| Cash | $ 429.8 M | |
| Net Receivables | $ 71.6 M | |
| Inventory | — | |
| Long-Term Investments | $ 22.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 228.2 M | |
| Net Debt | — | |
| Total Debt | $ 11.6 M | |
| Total Liabilities | $ 257.0 M | |
| EQUITY | ||
| Total Equity | $ 443.1 M | |
| Retained Earnings | $ -517.95 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 2.10 | |
| Shares Outstanding | 211.139 M | |
| Revenue Per-Share | $ 0.48 | |
| VALUATION | Market Capitalization | $ 3.6 B |
| Enterprise Value | $ 3.2 B | |
| Enterprise Multiple | 364.612 | |
| Enterprise Multiple QoQ | -38.647 % | |
| Enterprise Multiple YoY | -118.419 % | |
| Enterprise Multiple IPRWA | high: 634.148 AVPT: 364.612 mean: 91.06 median: 82.154 low: -577.222 |
|
| EV/R | 31.126 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.58 | |
| Asset To Liability | 2.724 | |
| Debt To Capital | 0.025 | |
| Debt To Assets | 0.017 | |
| Debt To Assets QoQ | -14.859 % | |
| Debt To Assets YoY | 28.671 % | |
| Debt To Assets IPRWA | high: 1.095 mean: 0.161 median: 0.098 AVPT: 0.017 low: 0.002 |
|
| Debt To Equity | 0.026 | |
| Debt To Equity QoQ | -19.259 % | |
| Debt To Equity YoY | -2.059 % | |
| Debt To Equity IPRWA | high: 3.008 mean: 0.299 median: 0.176 AVPT: 0.026 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.11 | |
| Price To Book QoQ | -8.642 % | |
| Price To Book YoY | -8.681 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.07 median: 10.727 AVPT: 8.11 low: -16.218 |
|
| Price To Earnings (P/E) | 608.39 | |
| Price To Earnings QoQ | 132.041 % | |
| Price To Earnings YoY | -162.097 % | |
| Price To Earnings IPRWA | AVPT: 608.39 high: 499.385 mean: 132.057 median: 130.187 low: -357.639 |
|
| PE/G Ratio | -15.21 | |
| Price To Sales (P/S) | 35.229 | |
| Price To Sales QoQ | 2.726 % | |
| Price To Sales YoY | 50.181 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.686 AVPT: 35.229 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 310.018 | |
| Forward PE/G | -7.75 | |
| Forward P/S | 31.316 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 12.038 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.157 | |
| Asset Turnover Ratio QoQ | -5.664 % | |
| Asset Turnover Ratio YoY | -15.271 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 AVPT: 0.157 mean: 0.13 median: 0.129 low: 0.0 |
|
| Receivables Turnover | 1.549 | |
| Receivables Turnover Ratio QoQ | 6.608 % | |
| Receivables Turnover Ratio YoY | -1.672 % | |
| Receivables Turnover Ratio IPRWA | high: 4.366 AVPT: 1.549 mean: 1.421 median: 1.257 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 58.924 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.327 | |
| CapEx To Revenue | -0.013 | |
| CapEx To Depreciation | -0.82 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 443.1 M | |
| Net Invested Capital | $ 443.1 M | |
| Invested Capital | $ 443.1 M | |
| Net Tangible Assets | $ 392.7 M | |
| Net Working Capital | $ 311.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.885 | |
| Current Ratio | 2.365 | |
| Current Ratio QoQ | 10.26 % | |
| Current Ratio YoY | 28.923 % | |
| Current Ratio IPRWA | high: 9.787 AVPT: 2.365 mean: 1.694 median: 1.353 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.331 | |
| Cost Of Debt | 0.068 % | |
| Interest Coverage Ratio | 709.4 | |
| Interest Coverage Ratio QoQ | 115.82 % | |
| Interest Coverage Ratio YoY | -431.805 % | |
| Interest Coverage Ratio IPRWA | AVPT: 709.4 high: 181.115 median: 54.034 mean: 37.782 low: -372.737 |
|
| Operating Cash Flow Ratio | -0.034 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 7.825 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 16.913 % | |
| Revenue Growth | 9.621 % | |
| Revenue Growth QoQ | 121.071 % | |
| Revenue Growth YoY | 109.243 % | |
| Revenue Growth IPRWA | high: 32.261 % AVPT: 9.621 % median: 9.099 % mean: 6.941 % low: -21.897 % |
|
| Earnings Growth | -40.0 % | |
| Earnings Growth QoQ | -84.0 % | |
| Earnings Growth YoY | -68.0 % | |
| Earnings Growth IPRWA | high: 157.143 % median: 5.491 % mean: 4.801 % AVPT: -40.0 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 74.045 % | |
| Gross Margin QoQ | -0.37 % | |
| Gross Margin YoY | -2.19 % | |
| Gross Margin IPRWA | high: 91.297 % AVPT: 74.045 % mean: 72.322 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | 6.954 % | |
| EBIT Margin QoQ | 96.886 % | |
| EBIT Margin YoY | -353.611 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.268 % AVPT: 6.954 % low: -124.558 % |
|
| Return On Sales (ROS) | 6.954 % | |
| Return On Sales QoQ | 96.886 % | |
| Return On Sales YoY | -353.611 % | |
| Return On Sales IPRWA | high: 76.082 % median: 44.901 % mean: 34.027 % AVPT: 6.954 % low: -117.376 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 18.9 M | |
| Free Cash Flow Yield | 0.527 % | |
| Free Cash Flow Yield QoQ | -1245.652 % | |
| Free Cash Flow Yield YoY | -37.559 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % median: 0.694 % mean: 0.528 % AVPT: 0.527 % low: -13.154 % |
|
| Free Cash Growth | -1387.899 % | |
| Free Cash Growth QoQ | 1226.457 % | |
| Free Cash Growth YoY | -1212.357 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.175 % low: -316.997 % AVPT: -1387.899 % |
|
| Free Cash To Net Income | 7.022 | |
| Cash Flow Margin | -7.524 % | |
| Cash Flow To Earnings | -2.845 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.415 % | |
| Return On Assets QoQ | -32.52 % | |
| Return On Assets YoY | -113.624 % | |
| Return On Assets IPRWA | high: 14.05 % median: 4.609 % mean: 3.676 % AVPT: 0.415 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | 1.503 % | |
| Return On Equity (ROE) | 0.006 | |
| Return On Equity QoQ | -36.364 % | |
| Return On Equity YoY | -109.789 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 AVPT: 0.006 low: -0.337 |
|
| DuPont ROE | 0.672 % | |
| Return On Invested Capital (ROIC) | 1.265 % | |
| Return On Invested Capital QoQ | 89.088 % | |
| Return On Invested Capital YoY | 68.667 % | |
| Return On Invested Capital IPRWA | high: 14.534 % median: 7.176 % mean: 5.542 % AVPT: 1.265 % low: -13.655 % |
|