Business
AvePoint Announces First Quarter 2025 Financial Results
First quarter SaaS revenue of $68.9 million, representing 34% year-over-year growth, 37% on a constant currency basisFirst quarter Total revenue of $93.1
About this update from Avepoint, Inc.
[{"type":"text","content":"First quarter SaaS revenue of $68.9 million, representing 34% year-over-year growth, 37% on a constant currency basisFirst quarter Total revenue of $93.1 million, representing 25% year-over-year growth, 27% on a constant currency basisTotal ARR of $345.5 million, representing 26% year-over-year growth, 28% adjusted for FX JERSEY CITY, N.J., May 08, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced financial results for the first quarter ended March 31, 2025. “Highlighted by record growth in net new ARR and meaningful operating margin expansion, our first quarter results reflect our ability to efficiently address the intensifying convergence of data security, governance, and resilience challenges facing companies today,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “Despite the fluid macroeconomic environment, organizations are increasingly implementing AI-driven data management strategies that demand platform solutions which balance security and innovation. Our team’s execution to start the year has us steadily advancing toward our vision of becoming the world's leading data management software company and achieving our billion-dollar ARR target for 2029.” First Quarter 2025 Financial Highlights Revenue: Total revenue was $93.1 million, up 25% from the first quarter of 2024. Within total revenue, SaaS revenue was $68.9 million, up 34% from the first quarter of 2024. Gross Profit: GAAP gross profit was $69.2 million, compared to $54.1 million for the first quarter of 2024. Non-GAAP gross profit was $69.8 million, compared to $55.2 million for the first quarter of 2024. Non-GAAP gross margin was 75.0%, compared to 74.1% for the first quarter of 2024. Operating Income/(Loss): GAAP operating income was $3.3 million, compared to a GAAP operating loss of $(3.2) million for the first quarter of 2024. Non-GAAP operating income was $13.4 million, compared to $6.6 million for the first quarter of 2024. Cash, cash equivalents and short-term investments: $351.8 million as of March 31, 2025. Cash from operations: For the three months ended March 31, 2025, the Company generated $0.5 million of cash from operations, compared to $7.8 million generated in the prior year period. First Quarter 2025 Key Performance Indicators and Recent Business Highlights A...