AvePoint, Inc.(NASDAQ:AVPT) 
AvePoint, Inc. provides Microsoft 365 data management solutions worldwide. It offers a suite of SaaS solutions to migrate, manage, and protect data. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365; and hybrid/on-prem products. It also offers advisory and implementat...
Website: http://www.avepoint.com
Founded: 2001
CEO: Tianyi Jiang
Sector: Technology
Industry: Software—Infrastructure
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||
saas | 93,382,000 | 88,926,000 | 83,982,000 | 77,317,000 | 68,942,000 | 64,847,000 | 60,866,000 | 53,643,000 | 51,311,000 | 45,260,000 | 41,910,000 | 38,279,000 | 35,512,000 | 33,049,000 | 29,959,000 | 27,619,000 | 26,553,000 | 24,325,000 | 22,410,000 | ||||||||
term license and support | 9,319,000 | 10,131,000 | 11,143,000 | 8,922,000 | 11,190,000 | 9,432,000 | 14,140,000 | 10,983,000 | 10,005,000 | 12,270,000 | 16,293,000 | 13,277,000 | 10,904,000 | 14,713,000 | 18,288,000 | 14,011,000 | 10,202,000 | 13,678,000 | 17,477,000 | ||||||||
services | 14,541,000 | 14,650,000 | 13,766,000 | 14,486,000 | 10,937,000 | 12,228,000 | 10,810,000 | 10,517,000 | 10,481,000 | 13,788,000 | 11,194,000 | 10,066,000 | 9,747,000 | 12,052,000 | 10,458,000 | 9,848,000 | 8,925,000 | 10,558,000 | 8,143,000 | ||||||||
total revenue | 117,242,000 | 114,687,000 | 109,728,000 | 102,018,000 | 93,064,000 | 89,183,000 | 88,804,000 | 77,961,000 | 74,534,000 | 74,624,000 | 72,760,000 | 64,869,000 | 59,572,000 | 63,608,000 | 62,739,000 | 55,701,000 | 50,291,000 | 53,838,000 | 53,927,000 | ||||||||
yoy | 25.98% | 28.60% | 23.56% | 30.86% | 24.86% | 19.51% | 22.05% | 20.18% | 25.12% | 17.32% | 15.97% | 16.46% | 18.45% | 18.15% | 16.34% | ||||||||||||
qoq | 2.23% | 4.52% | 7.56% | 9.62% | 4.35% | 0.43% | 13.91% | 4.60% | -0.12% | 2.56% | 12.16% | 8.89% | -6.35% | 1.39% | 12.64% | 10.76% | -6.59% | -0.17% | |||||||||
cost of revenue: | |||||||||||||||||||||||||||
total cost of revenue | 31,873,000 | 30,278,000 | 28,145,000 | 26,479,000 | 23,899,000 | 21,921,000 | 21,221,000 | 18,942,000 | 20,442,000 | 19,618,000 | 20,156,000 | 19,796,000 | 17,890,000 | 18,238,000 | 16,828,000 | 15,427,000 | 14,630,000 | 14,944,000 | 15,222,000 | ||||||||
gross profit | 85,369,000 | 84,409,000 | 81,583,000 | 75,539,000 | 69,165,000 | 67,262,000 | 67,583,000 | 59,019,000 | 54,092,000 | 55,006,000 | 52,604,000 | 45,073,000 | 41,682,000 | 45,370,000 | 45,911,000 | 40,274,000 | 35,661,000 | 38,894,000 | 38,705,000 | ||||||||
yoy | 23.43% | 25.49% | 20.72% | 27.99% | 27.87% | 22.28% | 28.48% | 30.94% | 29.77% | 21.24% | 14.58% | 11.92% | 16.88% | 16.65% | 18.62% | ||||||||||||
qoq | 1.14% | 3.46% | 8.00% | 9.22% | 2.83% | -0.47% | 14.51% | 9.11% | -1.66% | 4.57% | 16.71% | 8.14% | -8.13% | -1.18% | 14.00% | 12.94% | -8.31% | 0.49% | |||||||||
gross margin % | 72.81% | 73.60% | 74.35% | 74.04% | 74.32% | 75.42% | 76.10% | 75.70% | 72.57% | 73.71% | 72.30% | 69.48% | 69.97% | 71.33% | 73.18% | 72.30% | 70.91% | 72.24% | 71.77% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
operating expenses: | |||||||||||||||||||||||||||
sales and marketing | 42,010,000 | 38,138,000 | 35,593,000 | 35,773,000 | 34,522,000 | 32,410,000 | 30,050,000 | 30,470,000 | 29,939,000 | 29,127,000 | 28,436,000 | 27,691,000 | 26,851,000 | 28,376,000 | 27,201,000 | 27,174,000 | 27,054,000 | 27,024,000 | 25,186,000 | ||||||||
general and administrative | 16,872,000 | 18,746,000 | 23,925,000 | 19,712,000 | 18,667,000 | 17,127,000 | 17,043,000 | 18,184,000 | 16,868,000 | 15,592,000 | 15,838,000 | 15,193,000 | 14,648,000 | 16,645,000 | 16,365,000 | 16,322,000 | 15,542,000 | 15,035,000 | 22,230,000 | ||||||||
research and development | 13,760,000 | 13,000,000 | 13,936,000 | 12,960,000 | 12,689,000 | 12,872,000 | 12,838,000 | 12,503,000 | 10,486,000 | 9,409,000 | 8,643,000 | 9,273,000 | 9,015,000 | 7,272,000 | 8,953,000 | 7,892,000 | 6,402,000 | 4,132,000 | 19,648,000 | ||||||||
total operating expenses | 72,642,000 | 69,884,000 | 73,454,000 | 68,445,000 | 65,878,000 | 62,409,000 | 59,931,000 | 61,157,000 | 57,293,000 | 54,128,000 | 52,917,000 | 52,157,000 | 50,514,000 | 53,418,000 | 53,338,000 | 52,017,000 | 49,509,000 | 46,566,000 | 67,390,000 | ||||||||
income from operations | 12,727,000 | 14,525,000 | 8,129,000 | 7,094,000 | 3,287,000 | 4,853,000 | 7,652,000 | -2,138,000 | -3,201,000 | 878,000 | -313,000 | -7,084,000 | -8,832,000 | -8,048,000 | -7,427,000 | -11,743,000 | -13,848,000 | -7,672,000 | -28,685,000 | -4,381,469 | -1,892,079 | -4,775,790 | -226,898 | -263,837 | -131,507 | ||
yoy | 287.19% | 199.30% | 6.23% | -431.81% | -202.69% | 452.73% | -2544.73% | -69.82% | -63.76% | -110.91% | -95.79% | -39.67% | -36.22% | 4.90% | -74.11% | 168.02% | 631.89% | 60.64% | 12542.24% | 1560.67% | 72.54% | ||||||
qoq | -12.38% | 78.68% | 14.59% | 115.82% | -32.27% | -36.58% | -457.90% | -33.21% | -464.58% | -380.51% | -95.58% | -19.79% | 9.74% | 8.36% | -36.75% | -15.20% | 80.50% | -73.25% | 554.69% | 131.57% | -60.38% | 2004.82% | -14.00% | ||||
operating margin % | 10.86% | 12.66% | 7.41% | 6.95% | 3.53% | 5.44% | 8.62% | -2.74% | -4.29% | 1.18% | -0.43% | -10.92% | -14.83% | -12.65% | -11.84% | -21.08% | -27.54% | -14.25% | -53.19% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | -Infinity% |
other income | 3,810,000 | 1,442,000 | 4,678,000 | -240,000 | 1,586,000 | 3,404,000 | -7,765,000 | 1,477,000 | 1,613,000 | 1,412,000 | 3,781,000 | 48,000 | -693,000 | -75,000 | -299,000 | 30,203,691 | |||||||||||
income before income taxes | 16,537,000 | 15,967,000 | 12,807,000 | 6,854,000 | 4,873,000 | -18,605,000 | 3,111,000 | -9,108,000 | 203,000 | -809,000 | -1,389,000 | -9,212,000 | -7,204,000 | -6,708,000 | -6,450,000 | -9,748,000 | -10,744,000 | -399,000 | -15,278,000 | ||||||||
income tax expense | 1,287,000 | 323,000 | -210,000 | 3,961,000 | 1,307,000 | -1,427,000 | 183,000 | 3,830,000 | 2,157,000 | -5,245,000 | 2,841,000 | 3,313,000 | 1,978,000 | 4,939,000 | 336,000 | 309,000 | 7,090,000 | -5,521,000 | |||||||||
net income | 15,250,000 | 15,644,000 | 13,017,000 | 2,893,000 | 3,566,000 | -17,178,000 | 2,928,000 | -12,938,000 | -1,954,000 | 4,436,000 | -4,230,000 | -12,525,000 | -9,182,000 | -11,647,000 | -6,786,000 | -9,202,000 | -11,053,000 | -7,489,000 | -9,757,000 | -18,318,637 | 28,311,612 | -4,735,201 | -176,329 | -155,240 | 29,595 | ||
yoy | 327.65% | -191.07% | 344.57% | -122.36% | -282.50% | -487.24% | -169.22% | 3.30% | -78.72% | -138.09% | -37.67% | 36.11% | -16.93% | 55.52% | -30.45% | -49.77% | -139.04% | 58.16% | 5433.41% | 11700.20% | -695.81% | ||||||
qoq | -2.52% | 20.18% | 349.95% | -18.87% | -120.76% | -686.68% | -122.63% | 562.13% | -144.05% | -204.87% | -66.23% | 36.41% | -21.16% | 71.63% | -26.26% | -16.75% | 47.59% | -23.24% | -46.74% | -164.70% | -697.90% | 2585.44% | 13.58% | ||||
net income margin % | 13.01% | 13.64% | 11.86% | 2.84% | 3.83% | -19.26% | 3.30% | -16.60% | -2.62% | 5.94% | -5.81% | -19.31% | -15.41% | -18.31% | -10.82% | -16.52% | -21.98% | -13.91% | -18.09% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | Infinity% |
net income attributable to noncontrolling interest | 195,000 | 126,000 | 7,000 | 308,000 | -129,000 | -238,000 | |||||||||||||||||||||
net income available to common stockholders | 15,250,000 | 15,644,000 | 13,017,000 | 2,698,000 | 3,440,000 | ||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||
basic | 0.07 | 0.08 | 0.06 | 0.01 | 0.02 | -0.018 | 0.01 | ||||||||||||||||||||
diluted | 0.07 | 0.07 | 0.06 | 0.01 | 0.02 | -0.018 | 0.01 | ||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||
basic | 213,266 | 207,587 | 212,001 | 205,068 | 197,924 | 183,946 | |||||||||||||||||||||
diluted | 226,107 | 229,293 | 232,897 | 229,179 | 224,573 | 203,859 | |||||||||||||||||||||
maintenance | 980,000 | 837,000 | 1,293,000 | 1,995,000 | 2,676,000 | 2,988,000 | 2,818,000 | 2,737,000 | 3,306,000 | 3,363,000 | 3,247,000 | 3,409,000 | 3,606,000 | 3,754,000 | 4,067,000 | 4,441,000 | |||||||||||
other expense | -2,026,750 | -4,541,000 | -6,970,000 | -177,000 | |||||||||||||||||||||||
net income available to common shareholders | -2,976,250 | 2,620,000 | |||||||||||||||||||||||||
net loss available to common shareholders | -12,809,000 | -1,716,000 | -6,498,500 | -4,212,000 | -12,585,000 | -9,197,000 | -7,227,750 | -7,412,000 | -9,829,000 | -11,670,000 | -8,050,000 | -9,666,000 | |||||||||||||||
basic and diluted loss per share | -0.07 | -0.01 | 0.02 | -0.02 | -0.07 | -0.05 | -0.07 | -0.04 | -0.05 | ||||||||||||||||||
basic and diluted shares used in computing loss per share | 182,804 | 181,495 | -373 | 181,769 | 183,315 | 182,818 | 2,394 | 180,732 | 182,491 | ||||||||||||||||||
gain on earn-out and warrant liabilities | -1,730,250 | -2,785,000 | -4,027,000 | -109,000 | -2,351,000 | 913,000 | 2,668,000 | 3,267,000 | 3,412,500 | 13,650,000 | |||||||||||||||||
interest income | 210,750 | 232,000 | 286,000 | 325,000 | -90,000 | 16,000 | 20,000 | 14,000 | 22,000 | 56,000 | |||||||||||||||||
net loss attributable to and accretion of redeemable noncontrolling interest | -14,250 | 18,000 | -561,000 | -517,000 | |||||||||||||||||||||||
net loss attributable to avepoint, inc. | 4,269,000 | -4,212,000 | -12,585,000 | -9,197,000 | -12,719,000 | -7,412,000 | -9,829,000 | -11,670,000 | -8,050,000 | -10,274,000 | |||||||||||||||||
net income attributable to and accretion of redeemable noncontrolling interest | -60,000 | -15,000 | -1,072,000 | -626,000 | -627,000 | -617,000 | |||||||||||||||||||||
perpetual license | 188,000 | 280,000 | 156,000 | 170,000 | 415,000 | 604,000 | |||||||||||||||||||||
depreciation and amortization | 1,125,000 | 819,000 | 629,000 | 511,000 | 375,000 | 326,000 | |||||||||||||||||||||
deemed dividends on preferred stock | 608,000 | ||||||||||||||||||||||||||
income tax benefit | -546,000 | ||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||
basic | -0.06 | -0.01 | -0.05 | ||||||||||||||||||||||||
diluted | -0.06 | -0.01 | -0.05 | ||||||||||||||||||||||||
shares used in computing loss per share: | |||||||||||||||||||||||||||
basic | 182,833 | 14,858 | 176,621 | ||||||||||||||||||||||||
diluted | 182,833 | 14,858 | 176,621 | ||||||||||||||||||||||||
maintenance and oem | 4,040,000 | 5,293,000 | |||||||||||||||||||||||||
general and administrative expenses | 4,331,469 | 1,842,079 | 4,724,594 | 176,898 | 213,837 | 31,507 | |||||||||||||||||||||
franchise tax expense | 50,000 | 50,000 | 51,196 | 50,000 | 50,000 | 100,000 | |||||||||||||||||||||
other income: | |||||||||||||||||||||||||||
change in fair value of warrant liabilities | -13,945,650 | 30,171,850 | |||||||||||||||||||||||||
interest earned on investments held in trust account | 8,482 | ||||||||||||||||||||||||||
total other income | -13,937,168 | ||||||||||||||||||||||||||
income before provision for income taxes | -18,318,637 | 28,311,612 | 224,888 | -176,108 | -132,471 | 45,837 | |||||||||||||||||||||
provision for income taxes | 4,121 | -221 | -22,769 | -16,242 | |||||||||||||||||||||||
weighted-average shares outstanding of class a redeemable common stock | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | ||||||||||||||||||||||
basic and diluted income per share, class a redeemable common stock | |||||||||||||||||||||||||||
basic weighted average shares outstanding of class a and class b non-redeemable common stock | 9,560,000 | ||||||||||||||||||||||||||
basic income per share, class a and class b | -1.92 | ||||||||||||||||||||||||||
diluted weighted-average shares outstanding of class a and class b non-redeemable common stock | 9,560,000 | 12,757,321 | |||||||||||||||||||||||||
diluted loss per share, class a and class b | -1.92 | ||||||||||||||||||||||||||
interest earned on marketable securities held in trust account | 31,841 | 36,468 | 50,790 | 131,366 | 177,344 | ||||||||||||||||||||||
basic weighted-average shares outstanding of class a and class b non-redeemable common stock | 9,560,000 | ||||||||||||||||||||||||||
basic net income per share, class a and class b non-redeemable common stock | 2.96 | ||||||||||||||||||||||||||
diluted net loss per share, class a and class b non-redeemable common stock | -0.15 | ||||||||||||||||||||||||||
basic and diluted income per share, class a | 0.008 | ||||||||||||||||||||||||||
weighted-average shares outstanding of class a and class b non-redeemable common stock | 9,560,000 | 9,560,000 | 8,855,652 | ||||||||||||||||||||||||
basic and diluted net loss per share, class a and class b non-redeemable common stock | -0.5 | -0.02 | -0.02 | ||||||||||||||||||||||||
basic and diluted net loss per share, class a and class b |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-06-30 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||
cash and cash equivalents | 444,135,000 | 481,060,000 | 471,640,000 | 429,816,000 | 351,481,000 | 290,735,000 | 249,803,000 | 226,998,000 | 215,489,000 | 223,162,000 | 205,786,000 | 219,714,000 | 228,827,000 | 227,188,000 | 217,781,000 | 65,062,000 | 78,764,000 | 268,217,000 | 260,704,000 | 205,729 | 139,492 | |||
accounts receivable | 100,406,000 | 124,526,000 | 90,884,000 | 93,329,000 | 80,124,000 | 87,365,000 | 79,986,000 | 78,399,000 | 73,404,000 | 85,877,000 | 69,329,000 | 61,815,000 | 56,627,000 | 66,474,000 | 56,777,000 | 51,441,000 | 48,039,000 | 55,067,000 | 54,226,000 | |||||
prepaid expenses and other current assets | 17,708,000 | 19,726,000 | 18,169,000 | 16,353,000 | 14,717,000 | 16,528,000 | 11,083,000 | 7,653,000 | 11,037,000 | 12,824,000 | 8,276,000 | 5,539,000 | 6,453,000 | 10,013,000 | 9,370,000 | 6,248,000 | 7,575,000 | 8,461,000 | 13,086,000 | 57,833 | 105,083 | 167,836 | 224,700 | |
total current assets | 562,249,000 | 625,312,000 | 580,693,000 | 539,823,000 | 446,639,000 | 394,795,000 | 341,045,000 | 316,892,000 | 303,725,000 | 325,584,000 | 286,869,000 | 290,259,000 | 294,786,000 | 306,295,000 | 285,931,000 | 304,296,000 | 315,670,000 | 334,156,000 | 329,630,000 | 556,380 | 722,012 | 749,707 | 777,343 | 985,345 |
property and equipment | 6,593,000 | 6,020,000 | 6,140,000 | 6,224,000 | 5,961,000 | 5,289,000 | 5,248,000 | 4,522,000 | 4,906,000 | 5,118,000 | 4,983,000 | 4,996,000 | 5,176,000 | 5,537,000 | 5,610,000 | 5,179,000 | 4,457,000 | 3,922,000 | 3,252,000 | |||||
goodwill | 37,177,000 | 37,986,000 | 37,908,000 | 38,818,000 | 36,774,000 | 17,715,000 | 19,003,000 | 18,477,000 | 18,692,000 | 19,156,000 | 18,595,000 | 18,979,000 | 18,871,000 | 18,904,000 | 18,186,000 | 4,744,000 | ||||||||
intangible assets | 11,512,000 | 12,052,000 | 12,349,000 | 11,569,000 | 11,514,000 | 8,889,000 | 9,709,000 | 9,809,000 | 10,165,000 | 10,546,000 | 10,427,000 | 10,770,000 | 10,848,000 | 11,079,000 | ||||||||||
operating lease right-of-use assets | 21,664,000 | 16,824,000 | 18,380,000 | 18,343,000 | 17,813,000 | 15,954,000 | 14,259,000 | 13,402,000 | 12,887,000 | 13,908,000 | 14,547,000 | 15,577,000 | 16,984,000 | 15,855,000 | 16,913,000 | 18,068,000 | 13,409,000 | |||||||
deferred contract costs | 71,625,000 | 71,257,000 | 65,304,000 | 63,300,000 | 59,945,000 | 59,838,000 | 55,371,000 | 51,685,000 | 52,595,000 | 54,675,000 | 50,232,000 | 49,426,000 | 47,794,000 | 48,553,000 | 42,364,000 | 40,474,000 | 39,090,000 | 38,926,000 | 35,267,000 | |||||
other assets | 23,370,000 | 19,730,000 | 22,741,000 | 22,052,000 | 20,202,000 | 16,575,000 | 18,320,000 | 12,478,000 | 10,848,000 | 13,595,000 | 12,558,000 | 8,563,000 | 7,052,000 | 9,310,000 | 14,577,000 | 10,004,000 | 10,350,000 | 5,466,000 | 5,911,000 | |||||
total assets | 734,190,000 | 789,181,000 | 743,515,000 | 700,129,000 | 598,848,000 | 519,055,000 | 462,955,000 | 427,265,000 | 413,818,000 | 442,582,000 | 398,211,000 | 398,570,000 | 401,511,000 | 415,533,000 | 394,841,000 | 387,921,000 | 391,468,000 | 388,738,000 | 380,164,000 | 352,293,767 | 352,612,173 | 352,608,027 | 353,962,146 | 354,098,179 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||
accounts payable | 4,049,000 | 3,805,000 | 2,519,000 | 1,806,000 | 2,293,000 | 2,352,000 | 3,898,000 | 7,462,000 | 7,347,000 | 1,384,000 | 1,855,000 | 1,439,000 | 1,451,000 | 1,519,000 | 2,017,000 | 2,100,000 | 1,795,000 | 1,824,000 | 2,265,000 | |||||
accrued expenses and other current liabilities | 67,500,000 | 84,191,000 | 83,200,000 | 67,958,000 | 56,154,000 | 76,135,000 | 57,459,000 | 47,339,000 | 53,766,000 | |||||||||||||||
current portion of deferred revenue | 188,711,000 | 185,696,000 | 159,136,000 | 158,465,000 | 149,760,000 | 144,468,000 | 133,338,000 | 117,926,000 | 115,197,000 | 121,515,000 | 102,433,000 | 96,002,000 | 91,479,000 | 93,405,000 | 78,034,000 | 73,795,000 | 76,077,000 | 74,294,000 | 71,251,000 | |||||
total current liabilities | 260,260,000 | 273,692,000 | 244,855,000 | 228,229,000 | 208,207,000 | 222,955,000 | 194,695,000 | 172,727,000 | 163,461,000 | 176,665,000 | 148,826,000 | 139,236,000 | 127,987,000 | 142,708,000 | 119,185,000 | 108,625,000 | 105,149,000 | 111,180,000 | 99,298,000 | 10,408,709 | 6,354,128 | 4,489,744 | 932,333 | 913,126 |
long-term operating lease liabilities | 13,271,000 | 9,949,000 | 11,344,000 | 11,592,000 | 11,649,000 | 9,909,000 | 8,986,000 | 8,415,000 | 8,121,000 | 9,383,000 | 9,982,000 | 10,751,000 | 11,755,000 | 11,348,000 | 12,459,000 | 13,690,000 | 10,177,000 | |||||||
long-term portion of deferred revenue | 14,877,000 | 15,260,000 | 15,066,000 | 11,773,000 | 10,846,000 | 8,840,000 | 8,929,000 | 8,268,000 | 7,372,000 | 7,741,000 | 6,296,000 | 6,925,000 | 7,710,000 | 8,085,000 | 7,997,000 | 7,151,000 | 7,886,000 | 8,038,000 | 6,875,000 | |||||
other liabilities | 6,975,000 | 11,581,000 | 5,441,000 | 5,400,000 | 6,693,000 | 6,403,000 | 4,683,000 | 4,834,000 | 5,603,000 | |||||||||||||||
total liabilities | 295,383,000 | 310,482,000 | 276,706,000 | 256,994,000 | 237,395,000 | 248,107,000 | 247,234,000 | 219,857,000 | 201,070,000 | 217,738,000 | 184,109,000 | 173,437,000 | 160,213,000 | 172,379,000 | 149,445,000 | 138,497,000 | 140,413,000 | 133,173,000 | 128,040,000 | 84,751,609 | 66,751,378 | 17,639,744 | 14,082,333 | 14,063,126 |
commitments and contingencies | ||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||
common stock, 0.0001 par value... | 21,000 | 22,000 | 21,000 | 21,000 | 20,000 | 19,000 | 19,000 | 19,000 | 19,000 | 18,000 | 18,000 | 19,000 | 19,000 | 19,000 | 19,000 | 18,000 | 18,000 | 18,000 | 18,000 | |||||
additional paid-in capital | 963,971,000 | 980,389,000 | 970,918,000 | 953,446,000 | 873,269,000 | 779,007,000 | 693,819,000 | 688,487,000 | 677,926,000 | 667,881,000 | 659,892,000 | 659,604,000 | 674,768,000 | 665,715,000 | 655,968,000 | 644,931,000 | 634,070,000 | 625,056,000 | 614,569,000 | 52,762,865 | 34,444,413 | 8,349,122 | 3,437,641 | 3,282,402 |
accumulated other comprehensive income | 6,131,000 | 8,366,000 | 6,744,000 | 7,615,000 | 1,682,000 | 576,000 | 4,431,000 | 2,732,000 | 2,693,000 | 3,196,000 | 2,307,000 | 2,251,000 | 2,055,000 | 2,006,000 | 2,226,000 | 889,000 | 598,000 | 2,317,000 | 1,892,000 | |||||
accumulated deficit | -531,316,000 | -510,078,000 | -510,874,000 | -517,947,000 | -515,468,000 | -510,448,000 | -484,451,000 | -485,327,000 | -469,517,000 | -460,496,000 | -462,106,000 | -450,750,000 | -426,124,000 | -416,927,000 | -404,208,000 | -396,796,000 | -386,967,000 | -375,297,000 | -367,247,000 | -47,764,692 | ||||
total stockholders’ equity | 438,807,000 | 478,699,000 | 466,809,000 | 443,135,000 | 361,453,000 | 270,948,000 | 215,721,000 | 207,408,000 | 212,748,000 | 218,806,000 | 200,111,000 | 211,124,000 | 227,241,000 | 229,147,000 | 232,712,000 | 237,251,000 | 245,237,000 | 250,355,000 | 5,000,004 | 5,000,005 | 5,000,003 | 5,000,003 | 5,000,003 | |
total liabilities and stockholders’ equity | 734,190,000 | 789,181,000 | 743,515,000 | 700,129,000 | 598,848,000 | 352,293,767 | 352,612,173 | 352,608,027 | 353,962,146 | 354,098,179 | ||||||||||||||
noncontrolling interest | 1,950,000 | 1,794,000 | 1,903,000 | 1,497,000 | 1,627,000 | 8,207,000 | ||||||||||||||||||
short-term investments | 325,000 | 317,000 | 167,000 | 173,000 | 3,842,000 | 3,795,000 | 3,721,000 | 3,478,000 | 3,191,000 | 2,879,000 | 2,620,000 | 2,003,000 | 181,545,000 | 181,292,000 | 2,411,000 | 1,614,000 | ||||||||
liabilities, mezzanine equity, and stockholders’ equity | ||||||||||||||||||||||||
earn-out shares liabilities | 29,941,000 | 25,613,000 | 17,140,000 | 18,346,000 | 13,822,000 | 10,939,000 | 6,922,000 | 6,631,000 | 4,074,000 | 4,770,000 | 12,801,000 | 10,012,000 | ||||||||||||
mezzanine equity | ||||||||||||||||||||||||
redeemable noncontrolling interest | 6,038,000 | 13,991,000 | 14,009,000 | 14,057,000 | 14,007,000 | 12,684,000 | 12,173,000 | 5,818,000 | 5,210,000 | 4,631,000 | ||||||||||||||
total mezzanine equity | 6,038,000 | 13,991,000 | 14,009,000 | 14,057,000 | 14,007,000 | 12,684,000 | 12,173,000 | 5,818,000 | 5,210,000 | 4,631,000 | ||||||||||||||
total liabilities, mezzanine equity, and stockholders’ equity | 519,055,000 | 462,955,000 | 427,265,000 | 413,818,000 | 442,582,000 | 398,211,000 | 398,570,000 | 401,511,000 | 415,533,000 | 394,841,000 | 387,921,000 | 391,468,000 | 388,738,000 | |||||||||||
accrued expenses and other liabilities | 40,917,000 | 44,538,000 | 41,795,000 | 35,057,000 | 47,784,000 | 39,134,000 | 32,730,000 | 27,277,000 | 35,062,000 | 25,782,000 | ||||||||||||||
other non-current liabilities | 4,976,000 | 5,183,000 | 5,586,000 | 5,839,000 | 3,607,000 | 5,730,000 | 4,261,000 | 4,400,000 | 3,943,000 | 3,947,000 | ||||||||||||||
treasury stock | -23,477,000 | -21,666,000 | -21,293,000 | -11,791,000 | -2,482,000 | -1,739,000 | -1,739,000 | |||||||||||||||||
other intangible assets | 11,260,000 | 5,156,000 | ||||||||||||||||||||||
goodwill and other intangible assets | 8,492,000 | |||||||||||||||||||||||
long-term unbilled receivables | 6,268,000 | 6,104,000 | ||||||||||||||||||||||
liabilities, mezzanine equity, and stockholders’ deficiency | ||||||||||||||||||||||||
share-based awards classified as liabilities | ||||||||||||||||||||||||
redeemable convertible preferred stock, 0.0001 par value... | ||||||||||||||||||||||||
redemption value of common shares | ||||||||||||||||||||||||
share-based awards classified as mezzanine equity | ||||||||||||||||||||||||
earn-out liabilities | 17,125,000 | |||||||||||||||||||||||
warrant liabilities | 795,000 | 61,192,900 | 47,247,250 | |||||||||||||||||||||
stockholders’ deficiency | ||||||||||||||||||||||||
total stockholders’ deficiency | 247,493,000 | |||||||||||||||||||||||
total liabilities, mezzanine equity, and stockholders’ deficiency | 380,164,000 | |||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||
saas | 22,410,000 | |||||||||||||||||||||||
term license and support | 17,477,000 | |||||||||||||||||||||||
services | 8,143,000 | |||||||||||||||||||||||
maintenance and oem | 5,293,000 | |||||||||||||||||||||||
perpetual license | 604,000 | |||||||||||||||||||||||
total revenue | 53,927,000 | |||||||||||||||||||||||
cost of revenue: | ||||||||||||||||||||||||
total cost of revenue | 15,222,000 | |||||||||||||||||||||||
gross profit | 38,705,000 | |||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||
sales and marketing | 25,186,000 | |||||||||||||||||||||||
general and administrative | 22,230,000 | |||||||||||||||||||||||
research and development | 19,648,000 | |||||||||||||||||||||||
depreciation and amortization | 326,000 | |||||||||||||||||||||||
total operating expenses | 67,390,000 | |||||||||||||||||||||||
income from operations | -28,685,000 | -1,892,079 | ||||||||||||||||||||||
gain on earn-out and warrant liabilities | 13,650,000 | |||||||||||||||||||||||
interest income | 56,000 | |||||||||||||||||||||||
other income | -299,000 | 30,203,691 | ||||||||||||||||||||||
income before income taxes | -15,278,000 | |||||||||||||||||||||||
income tax (benefit) expense | -5,521,000 | |||||||||||||||||||||||
net income | -9,757,000 | 28,311,612 | ||||||||||||||||||||||
net income attributable to and accretion of redeemable noncontrolling interest | -517,000 | |||||||||||||||||||||||
net income attributable to avepoint, inc. | -10,274,000 | |||||||||||||||||||||||
deemed dividends on preferred stock | 608,000 | |||||||||||||||||||||||
net income available to common shareholders | -9,666,000 | |||||||||||||||||||||||
loss per share: | ||||||||||||||||||||||||
basic | -50 | |||||||||||||||||||||||
diluted | -50 | |||||||||||||||||||||||
shares used in computing loss per share: | ||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||
prepaid income taxes | 292,818 | 477,437 | 477,437 | |||||||||||||||||||||
investments held in trust account | 351,737,387 | |||||||||||||||||||||||
accounts payable and accrued expenses | 10,088,709 | 6,004,128 | 4,408,489 | 12,014 | 6,179 | |||||||||||||||||||
franchise tax payable | 20,000 | 50,000 | 81,255 | 40,403 | 49,800 | |||||||||||||||||||
convertible promissory note – related party | 300,000 | 300,000 | ||||||||||||||||||||||
deferred underwriting commissions | 13,150,000 | 13,150,000 | 13,150,000 | 13,150,000 | 13,150,000 | |||||||||||||||||||
class a, 0.0001 par value... | 262,542,154 | 280,860,790 | 334,879,810 | 335,035,050 | ||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 956 | 772 | 281 | 232 | 231 | |||||||||||||||||||
class b common stock, 0.0001 par value... | 875 | 875 | 875 | 875 | 875 | |||||||||||||||||||
cash and marketable securities held in trust account | 351,890,161 | 351,858,320 | 353,184,803 | 353,112,834 | ||||||||||||||||||||
retained earnings | -29,446,055 | 1,561,255 | 1,716,495 | |||||||||||||||||||||
general and administrative expenses | 1,842,079 | |||||||||||||||||||||||
franchise tax expense | 50,000 | |||||||||||||||||||||||
other income: | ||||||||||||||||||||||||
change in fair value of warrant liabilities | 30,171,850 | |||||||||||||||||||||||
interest earned on marketable securities held in trust account | 31,841 | |||||||||||||||||||||||
income before benefit from income taxes | 28,311,612 | |||||||||||||||||||||||
benefit from income taxes | ||||||||||||||||||||||||
weighted-average shares outstanding of class a redeemable common stock | 35,000,000 | |||||||||||||||||||||||
basic and diluted income per share, class a redeemable common stock | ||||||||||||||||||||||||
basic weighted-average shares outstanding of class a and class b non-redeemable common stock | 9,560,000 | |||||||||||||||||||||||
basic net income per share, class a and class b non-redeemable common stock | 2.96 | |||||||||||||||||||||||
diluted weighted-average shares outstanding of class a and class b non-redeemable common stock | 12,757,321 | |||||||||||||||||||||||
diluted net income per share, class a and class b non-redeemable common stock | -0.15 | |||||||||||||||||||||||
cash | 197,628 | 609,507 | 760,645 | |||||||||||||||||||||
prepaid expenses | 74,642 | |||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||
income taxes payable | 879,916 | 857,147 | ||||||||||||||||||||||
class a common stock | 329,968,280 | |||||||||||||||||||||||
(accumulated deficit) retained earnings | -3,350,275 | |||||||||||||||||||||||
commitments |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||
net income | 15,250,000 | 15,644,000 | 13,017,000 | 2,893,000 | 3,566,000 | -18,318,637 | 28,311,612 | -4,735,201 | -176,329 | ||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||
depreciation and amortization | 1,655,000 | 1,563,000 | 1,516,000 | 1,615,000 | 1,511,000 | 1,362,000 | 1,397,000 | 1,328,000 | 1,295,000 | 1,248,000 | 1,190,000 | 1,115,000 | 1,134,000 | 1,239,000 | 922,000 | -329,000 | 1,662,000 | 375,000 | |||||
operating lease right-of-use assets expense | 2,265,000 | 2,214,000 | 2,099,000 | 2,454,000 | 1,847,000 | 1,295,000 | 1,841,000 | 1,714,000 | 1,420,000 | 940,000 | 1,798,000 | 1,747,000 | 1,749,000 | 1,343,000 | 1,953,000 | ||||||||
foreign currency remeasurement loss | -1,448,000 | 195,000 | 249,000 | 3,513,000 | 540,000 | -346,000 | 50,000 | 582,000 | 580,000 | 541,000 | 397,000 | -175,000 | -2,191,000 | 1,640,000 | 1,192,000 | 194,000 | 1,469,000 | ||||||
stock-based compensation | 7,270,000 | 7,874,000 | 10,678,000 | 11,143,000 | 9,620,000 | 9,252,000 | 9,811,000 | 10,538,000 | 9,458,000 | 9,073,000 | 9,285,000 | 9,586,000 | 8,104,000 | 8,931,000 | 9,609,000 | 10,404,000 | 8,274,000 | 9,033,000 | |||||
deferred income taxes | -115,000 | 1,377,000 | -3,462,000 | -60,000 | -95,000 | 733,000 | -78,000 | -85,000 | -72,000 | -624,000 | -79,000 | -79,000 | -82,000 | 3,855,000 | -117,000 | -28,000 | -9,000 | 833,000 | |||||
other | 253,000 | 390,000 | -1,013,000 | 27,000 | 1,064,000 | -63,000 | 41,000 | 101,000 | -146,000 | 343,000 | 396,000 | 1,895,000 | -1,566,000 | ||||||||||
change in value of warrant liabilities | |||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||
accounts receivable | 23,245,000 | -33,510,000 | 1,925,000 | -8,913,000 | 9,198,000 | -11,771,000 | 1,509,000 | -5,569,000 | 10,933,000 | -14,815,000 | -8,761,000 | -5,921,000 | 10,049,000 | ||||||||||
prepaid expenses and other current assets | 1,806,000 | -1,686,000 | -3,563,000 | 696,000 | 1,895,000 | -5,117,000 | -3,312,000 | 3,361,000 | 1,718,000 | -4,436,000 | -2,771,000 | 863,000 | 3,571,000 | -622,000 | -2,938,000 | 1,247,000 | 205,000 | 4,861,000 | -10,791,809 | 47,250 | -30,441 | 36,686 | |
deferred contract costs and other assets | -4,524,000 | -2,650,000 | -3,178,000 | -2,801,000 | -2,637,000 | -5,202,000 | -6,773,000 | -954,000 | 4,447,000 | -2,050,000 | -5,208,000 | -3,416,000 | 2,987,000 | -4,430,000 | -141,000 | -2,935,000 | -2,090,000 | -4,852,000 | |||||
accounts payable, accrued expenses and other current liabilities, and other liabilities | -23,195,000 | ||||||||||||||||||||||
operating lease liabilities | -2,596,000 | ||||||||||||||||||||||
deferred revenue | 4,394,000 | 27,334,000 | 4,823,000 | 3,758,000 | 4,211,000 | 17,592,000 | 11,410,000 | 4,574,000 | -4,140,000 | 17,585,000 | 7,137,000 | 4,765,000 | -2,620,000 | 11,719,000 | 5,935,000 | 277,000 | 2,444,000 | 5,428,000 | |||||
net cash from operating activities | 24,260,000 | 29,659,000 | 34,833,000 | 20,270,000 | 495,000 | 32,760,000 | 32,220,000 | 16,158,000 | 7,756,000 | 21,410,000 | 4,028,000 | 8,006,000 | 1,250,000 | 6,119,000 | -297,000 | -473,000 | -6,123,000 | 8,995,000 | -3,511,844 | -95,020 | -358,136 | -331,769 | -1,493,851 |
capital expenditures | -1,709,000 | -1,159,000 | -857,000 | -1,325,000 | -1,966,000 | -1,005,000 | -1,625,000 | -732,000 | -893,000 | -1,055,000 | -1,033,000 | -949,000 | -484,000 | -433,000 | -1,177,000 | -1,265,000 | -969,000 | -1,016,000 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 22,551,000 | 28,500,000 | 33,976,000 | 18,945,000 | -1,471,000 | 31,755,000 | 30,595,000 | 15,426,000 | 6,863,000 | 20,355,000 | 2,995,000 | 7,057,000 | 766,000 | 5,686,000 | -1,474,000 | -1,738,000 | -7,092,000 | 7,979,000 | -3,511,844 | -95,020 | -358,136 | -331,769 | -1,493,851 |
investing activities | |||||||||||||||||||||||
maturities of investments | 145,000 | 27,000 | -8,000 | 4,168,000 | 953,000 | 240,000 | 1,328,000 | 726,000 | -1,104,000 | 1,670,000 | 2,717,000 | 179,744,000 | 232,000 | 861,000 | |||||||||
purchases of investments | -40,000 | -27,000 | 31,000 | -445,000 | -1,016,000 | -389,000 | -1,447,000 | -995,000 | -981,000 | -74,000 | -474,000 | -454,000 | -151,000 | -179,890,000 | |||||||||
capitalization of internal-use software | -432,000 | -462,000 | -350,000 | -360,000 | -452,000 | -264,000 | -218,000 | -338,000 | -391,000 | -446,000 | -344,000 | -385,000 | -259,000 | ||||||||||
purchase of property and equipment | -1,277,000 | -697,000 | -507,000 | -965,000 | -1,514,000 | -741,000 | -1,407,000 | -394,000 | -502,000 | -609,000 | -689,000 | -564,000 | -225,000 | -433,000 | -1,186,000 | -1,265,000 | -969,000 | -1,016,000 | |||||
cash paid in business combinations, net of cash acquired | 0 | 0 | 0 | -14,893,000 | |||||||||||||||||||
net cash from investing activities | -1,604,000 | 10,989,000 | -857,000 | -13,473,000 | -16,859,000 | -1,232,000 | 1,218,000 | -1,045,000 | -1,542,000 | -1,424,000 | -1,802,000 | -3,284,000 | 862,000 | 1,365,000 | 161,761,000 | -3,107,000 | -181,471,000 | -1,294,000 | -2,244,257 | 60,288 | 1,353,453 | ||
financing activities | |||||||||||||||||||||||
purchase of common stock | -59,809,000 | -22,441,000 | -8,355,000 | -7,049,000 | -11,905,000 | -1,811,000 | -373,000 | -9,512,000 | -9,298,000 | -744,000 | |||||||||||||
proceeds from warrant exercises | 0 | 10,466,000 | 70,379,000 | 87,344,000 | |||||||||||||||||||
proceeds from stock option exercises | 942,000 | 9,190,000 | 490,000 | 7,285,000 | 744,000 | 7,420,000 | 279,000 | 2,550,000 | 784,000 | 1,704,000 | 625,000 | 2,109,000 | 1,131,000 | 1,001,000 | 98,000 | 683,000 | 1,036,000 | 1,011,000 | |||||
other financing activities | -2,000 | ||||||||||||||||||||||
net cash from financing activities | -58,869,000 | -31,465,000 | 8,662,000 | 70,613,000 | 76,181,000 | 12,681,000 | -12,398,000 | -2,859,000 | -12,961,000 | -3,858,000 | -16,025,000 | -13,094,000 | -690,000 | 612,000 | -9,426,000 | -8,621,000 | 287,000 | 1,009,000 | 197,308,000 | 0 | 300,000 | ||
effect of exchange rates on cash | -712,000 | 237,000 | -814,000 | 925,000 | 929,000 | -3,277,000 | 1,765,000 | -745,000 | -926,000 | 1,248,000 | -129,000 | -741,000 | 217,000 | 1,311,000 | 681,000 | -1,501,000 | -2,146,000 | -1,197,000 | |||||
net increase in cash and cash equivalents | -36,925,000 | 9,420,000 | 41,824,000 | 78,335,000 | 60,746,000 | 40,932,000 | 22,805,000 | 11,509,000 | -7,673,000 | 1,639,000 | 9,407,000 | 7,513,000 | |||||||||||
cash and cash equivalents at beginning of period | 481,060,000 | 0 | 0 | 0 | 290,735,000 | 0 | 0 | 0 | 223,162,000 | 0 | 0 | 0 | 227,188,000 | 0 | 0 | 0 | 268,217,000 | 0 | |||||
cash and cash equivalents at end of period | 444,135,000 | 9,420,000 | 41,824,000 | 78,335,000 | 351,481,000 | 40,932,000 | 22,805,000 | 11,509,000 | 215,489,000 | 17,376,000 | -13,928,000 | -9,113,000 | 228,827,000 | 9,407,000 | 152,719,000 | -13,702,000 | 78,764,000 | 7,513,000 | |||||
supplemental disclosures of cash flow information | |||||||||||||||||||||||
income taxes paid | 2,792,000 | 2,131,000 | 2,289,000 | 1,510,000 | 901,000 | 1,330,000 | 2,282,000 | 2,286,000 | 984,000 | 318,000 | 2,856,000 | 2,611,000 | 327,000 | 2,899,000 | 1,000 | 85,000 | 335,000 | ||||||
unpaid purchase consideration transferred in connection with the business combination | 0 | 0 | 0 | 5,499,000 | |||||||||||||||||||
unpaid purchase of common stock | 943,000 | ||||||||||||||||||||||
allowance for credit loss on notes receivable | |||||||||||||||||||||||
change in value of earn-out and warrant liabilities | 0 | 0 | 66,000 | -474,000 | 25,559,000 | 4,537,000 | 8,670,000 | -1,490,000 | 4,533,000 | 2,785,000 | 4,027,000 | 109,000 | 2,352,000 | -914,000 | -2,588,000 | -3,252,000 | -7,583,000 | ||||||
issuance of notes receivables | -250,000 | ||||||||||||||||||||||
other investing activities | 0 | ||||||||||||||||||||||
repurchase of noncontrolling interest | 0 | 0 | |||||||||||||||||||||
funds held on behalf of others | 1,000 | ||||||||||||||||||||||
funds released on behalf of others | |||||||||||||||||||||||
redemption of redeemable noncontrolling interest | 0 | ||||||||||||||||||||||
purchase of public warrants | 0 | ||||||||||||||||||||||
company earn-out shares settled in cash | |||||||||||||||||||||||
company earn-out shares issuance | |||||||||||||||||||||||
allowance for credit loss on notes receivables | |||||||||||||||||||||||
accounts payable, accrued expenses, other current liabilities, operating lease liabilities and other liabilities | 7,705,000 | 5,879,000 | -29,751,000 | ||||||||||||||||||||
repayments of finance leases | -1,000 | -2,000 | -2,000 | 0 | -3,000 | -1,000 | -2,000 | -34,000 | -10,000 | -10,000 | -10,000 | -16,000 | -12,000 | -6,000 | -5,000 | ||||||||
redemption of warrants | |||||||||||||||||||||||
unpaid redemption of noncontrolling interest | 0 | 5,926,000 | |||||||||||||||||||||
receivable proceeds from warrant exercises | |||||||||||||||||||||||
net loss | -17,178,000 | 2,928,000 | -12,938,000 | -1,954,000 | 4,436,000 | -4,230,000 | -12,525,000 | -9,182,000 | -11,647,000 | -6,786,000 | -9,202,000 | -11,053,000 | -7,489,000 | ||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||
accounts payable, accrued expenses and other current liabilities, operating lease liabilities and other liabilities | |||||||||||||||||||||||
cash paid in business combinations and asset acquisitions, net of cash acquired | |||||||||||||||||||||||
payments of debt issuance costs | |||||||||||||||||||||||
contingent considerations in business combination | |||||||||||||||||||||||
common stock issued in business combination | |||||||||||||||||||||||
loan to certain acquiree shareholders | |||||||||||||||||||||||
accounts payable, accrued expenses, operating lease liabilities and other liabilities | 8,859,000 | 4,836,000 | -14,293,000 | 5,940,000 | 1,945,000 | 5,552,000 | -12,828,000 | ||||||||||||||||
repurchase of common stock | -2,553,000 | -5,408,000 | -13,743,000 | -16,640,000 | |||||||||||||||||||
investment in notes | -250,000 | -500,000 | -250,000 | ||||||||||||||||||||
proceeds from recapitalization of apex shares, net of transaction fees of 49,990 | |||||||||||||||||||||||
redemption of redeemable convertible preferred stock | 0 | ||||||||||||||||||||||
redemption of legacy avepoint common stock | 0 | ||||||||||||||||||||||
payment of net cash settlement for management options | 0 | ||||||||||||||||||||||
proceeds from sale of common shares of subsidiary | 0 | ||||||||||||||||||||||
payments of transaction fees by legacy avepoint | 0 | ||||||||||||||||||||||
net decrease in cash and cash equivalents | -13,928,000 | -13,702,000 | -189,453,000 | ||||||||||||||||||||
contingent consideration in business combinations | |||||||||||||||||||||||
contingent consideration in business combination | |||||||||||||||||||||||
provision for doubtful accounts | 539,000 | 528,000 | -9,000 | 140,000 | |||||||||||||||||||
gain on disposal of property and equipment | 27,000 | ||||||||||||||||||||||
accounts receivable and long-term unbilled receivables | -12,453,000 | -6,726,000 | 9,248,000 | -2,010,000 | |||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 2,427,000 | 5,071,000 | -11,725,000 | 8,790,000 | |||||||||||||||||||
net assets acquired from business combinations and asset acquisitions, net of cash acquired | -16,352,000 | ||||||||||||||||||||||
capitalization of internal use software | 9,000 | ||||||||||||||||||||||
proceeds from recapitalization of apex shares | 0 | ||||||||||||||||||||||
noncash acquisition | 0 | ||||||||||||||||||||||
purchase of apxt shares | |||||||||||||||||||||||
payments of transaction fees | 0 | ||||||||||||||||||||||
loss on disposal of property and equipment | -12,000 | ||||||||||||||||||||||
acquisition of i-access, net of cash acquired | -1,473,000 | ||||||||||||||||||||||
noncash acquisition of i-access | 5,636,000 | ||||||||||||||||||||||
maturity (purchase) of short-term investments | -278,000 | ||||||||||||||||||||||
purchase of treasury stock | 3,000 | ||||||||||||||||||||||
repayments of capital leases | -5,000 | ||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | |||||||||||||||||||||||
collection of promissory note | |||||||||||||||||||||||
collection of non-recourse promissory note | |||||||||||||||||||||||
proceeds from issuance of series c convertible preferred stock | |||||||||||||||||||||||
cash paid for: | |||||||||||||||||||||||
interest | -67,000 | ||||||||||||||||||||||
income taxes | 6,860,000 | ||||||||||||||||||||||
non-cash investing and financing activities | |||||||||||||||||||||||
issuance of common shares in exchange for issuance cost | |||||||||||||||||||||||
property and equipment acquired under capital leases | |||||||||||||||||||||||
cash received for: | |||||||||||||||||||||||
fixed assets acquired under capital leases | |||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||
change in fair value of warrant liabilities | 13,945,650 | -30,171,850 | |||||||||||||||||||||
interest earned on investments held in trust account | |||||||||||||||||||||||
prepaid income tax | |||||||||||||||||||||||
accounts payable and accrued expenses | 4,084,581 | 1,595,639 | 4,396,661 | -186 | |||||||||||||||||||
franchise tax payable | -30,000 | -31,255 | -9,148 | 50,000 | |||||||||||||||||||
income taxes payable | 0 | -879,916 | |||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||
cash withdrawn from trust account to pay franchise taxes | |||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||
proceeds from convertible promissory note – related party | 0 | 300,000 | |||||||||||||||||||||
net change in cash and cash equivalents | 66,237 | -58,136 | |||||||||||||||||||||
cash and cash equivalents – beginning of period | 0 | 197,628 | |||||||||||||||||||||
cash and cash equivalents – end of period | 66,237 | 139,492 | |||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||
change in value of common stock subject to possible redemption | -18,318,636 | 28,311,610 | -176,330 | ||||||||||||||||||||
interest earned on marketable securities held in trust account | -31,841 | -36,468 | -50,790 | ||||||||||||||||||||
prepaid expenses | |||||||||||||||||||||||
prepaid income taxes | -4,121 | ||||||||||||||||||||||
investment of cash into trust account | |||||||||||||||||||||||
cash withdrawn from trust account for franchise and income taxes | |||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||
proceeds from issuance of class b common stock to sponsor | |||||||||||||||||||||||
proceeds from sale of units, net of underwriting discounts paid | |||||||||||||||||||||||
proceeds from sale of private units | |||||||||||||||||||||||
proceeds from promissory note – related party | |||||||||||||||||||||||
repayment of promissory note – related party | |||||||||||||||||||||||
payment of offering costs | |||||||||||||||||||||||
net change in cash | -271,481 | -140,398 | |||||||||||||||||||||
cash – beginning of period | 0 | 0 | |||||||||||||||||||||
cash – end of period | -271,481 | -140,398 | |||||||||||||||||||||
initial classification of class a common stock subject to possible redemption | |||||||||||||||||||||||
change in value of class a common stock subject to possible redemption | |||||||||||||||||||||||
deferred underwriting fee payable | |||||||||||||||||||||||
redeemable class a common stock | |||||||||||||||||||||||
numerator: earnings allocable to redeemable class a common stock | |||||||||||||||||||||||
interest income | |||||||||||||||||||||||
income tax and franchise tax | |||||||||||||||||||||||
net earnings | |||||||||||||||||||||||
denominator: weighted-average redeemable class a common stock | |||||||||||||||||||||||
redeemable class a common stock, basic and diluted | |||||||||||||||||||||||
earnings/basic and diluted redeemable class a common stock | |||||||||||||||||||||||
non-redeemable class a and b common stock | |||||||||||||||||||||||
numerator: net income minus redeemable net earnings | |||||||||||||||||||||||
net earnings applicable to redeemable class a common stock | |||||||||||||||||||||||
non-redeemable net income | |||||||||||||||||||||||
denominator: weighted-average non-redeemable class a and b common stock | |||||||||||||||||||||||
class a and b non-redeemable common stock, basic and diluted | |||||||||||||||||||||||
loss/basic and diluted non-redeemable class a and b common stock | |||||||||||||||||||||||
cash withdrawn from trust account to pay franchise and income taxes | |||||||||||||||||||||||
supplemental information | |||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||
initial classification of common stock subject to possible redemption | |||||||||||||||||||||||
● | |||||||||||||||||||||||
offering costs included in accrued offering costs |