Below are the financial statements of AvePoint, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| SaaS | 230.67a | 160.96a | 117.18a |
| Term license and support | 44.56a | 52.74a | 57.21a |
| Services | 44.04a | 44.8a | 41.28a |
| Maintenance | 11.22a | 13.33a | 16.66a |
| Total revenue | 330.48a | 271.83a | 232.34a |
| Cost of revenue | — | — | — |
| SaaS | -41.54a | -35.92a | -27.31a |
| Term license and support | -1.58a | -1.95a | -2.01a |
| Services | -38.76a | -38.81a | -36.04a |
| Maintenance | -0.64a | -0.78a | -0.92a |
| Total cost of revenue | -82.53a | -77.46a | -66.28a |
| Gross profit | 247.96a | 194.37a | 166.06a |
| Operating expenses | — | — | — |
| Sales and marketing | -122.87a | -112.11a | -110.64a |
| General and administrative | -69.22a | -61.27a | -65.13a |
| Research and development | -48.7a | -36.34a | -31.36a |
| Total operating expenses | -240.79a | -209.72a | -207.13a |
| Income (loss) from operations | 7.17a | -15.35a | -41.07a |
| Other (expense) income, net | -31.57a | -3.26a | 7.42a |
| Loss before income taxes | -24.4a | -18.61a | -33.65a |
| Income tax expense | -4.74a | -2.89a | -5.04a |
| Net loss | -29.14a | -21.5a | -38.69a |
| Net (loss) income attributable to noncontrolling interest | -0.05a | 0.22a | 2.94a |
| Net loss available to common stockholders | -29.09a | -21.73a | -41.63a |
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