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AvePoint
(NASDAQ:AVPT)
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Rating:69Neutral
Price Target:
$18.50
▲(40.05% Upside)
Action:Downgraded
Date:10/27/26
AVPT scores well on fundamentals, driven by the transition to solid profitability, strong gross margins, meaningful TTM free cash flow, and a low-leverage balance sheet. The latest earnings call supports the outlook with raised guidance, ARR momentum, and continued profitability/cash generation, partially offset by FX headwinds and planned investment spend. The score is held back by a high P/E valuation and technically overbought signals despite an ongoing uptrend.
Positive Factors
Recurring SaaS Growth
SaaS subscriptions now form the clear majority of revenue and are growing faster than the overall business. This recurring mix can improve revenue visibility, deepen customer reliance on AvePoint’s platform, and support durable expansion as Microsoft 365 environments become more complex.
Negative Factors
Retention Below Target
Retention below management’s stated target indicates that expansion within the installed base is not yet reaching the desired level. Migration products are a headwind to gross retention, and weaker customer durability could limit recurring growth and raise the effort required to replace lost revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Growth
SaaS subscriptions now form the clear majority of revenue and are growing faster than the overall business. This recurring mix can improve revenue visibility, deepen customer reliance on AvePoint’s platform, and support durable expansion as Microsoft 365 environments become more complex.
Read all positive factors
AvePoint (AVPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.56B
Dividend YieldN/A
Average Volume (3M)2.26M
Price to Earnings (P/E)50.4
Beta (1Y)1.26
Revenue Growth24.95%
EPS GrowthN/A
CountryUS
Employees3,443
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.33
Shares Outstanding211,565,430
10 Day Avg. Volume1,971,286
30 Day Avg. Volume2,263,975
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)6.02
Price to Sales (P/S)6.87
P/FCF Ratio35.35
Enterprise Value/Market Cap0.58
Enterprise Value/Revenue4.47
Enterprise Value/Gross Profit6.09
Enterprise Value/Ebitda31.95
Forecast
1Y Price Target
$17.23Price Target Upside30.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)0.44
Revenue Forecast (FY)$510.98M
AvePoint Business Overview & Revenue Model
Company Description
AvePoint, Inc. provides cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific. It also provides platform-as-a-service architecture to address critical operational challenges and the ...
How the Company Makes Money
AvePoint makes money primarily by selling subscriptions to its cloud-based (SaaS) platform and related software that organizations use to manage and protect data in Microsoft 365 and other supported environments. The core revenue model is recurrin...
AvePoint Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based execution: accelerating ARR and revenue growth, record net new ARR, high SaaS mix, expanding regional footprint (APAC milestone), sustained GAAP/non-GAAP profitability, robust cash generation and active buybacks, plus clear product momentum with AgentPulse and new security/resilience capabilities. Offsetting items include FX headwinds that trimmed guidance upside, modest gross margin pressure from services and migration products, retention metrics that have not yet reached the company’s 115% NRR goal, and planned incremental H2 investments that will weigh on near-term operating leverage. On balance, the positives (product traction, record ARR, profitability, cash flow, and channel momentum) materially outweigh the lowlights, which are mostly manageable headwinds and investments aimed at scaling future growth.Positive Updates
Top-Line Revenue Growth
Total Q2 revenue of $124.5M, up 22% year-over-year (above the high end of guidance); constant-currency revenue growth accelerated to ~21%.
Negative Updates
FX Headwinds Impacting Guidance
Management cited incremental foreign-exchange headwinds that offset parts of the ARR raise and Q2 outperformance; Q3 guidance includes roughly $2.4M incremental FX headwind and full-year revenue guidance includes ~$5.6M FX impact.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-Line Revenue Growth
Total Q2 revenue of $124.5M, up 22% year-over-year (above the high end of guidance); constant-currency revenue growth accelerated to ~21%.
Read all positive updates
Company Guidance
AvePoint raised and tightened its outlook while flagging incremental FX headwinds and higher H2 investments: Q3 revenue is guided to $128.2M–$130.2M (~18% growth at midpoint; ~19% constant‑currency) with Q3 non‑GAAP operating income of $21M–$22M and an incremental Q3 FX headwind of ~$2.4M; full‑year ARR is now $522.1M–$528.1M (~26% growth at midpoint, a $1M raise vs. prior guidance, with a $2M incremental FX headwind and FX‑adjusted ARR growth of ~20% at midpoint); full‑year revenue is $508.5M–$512.5M (~22% growth at midpoint, reflecting the Q2 revenue beat of $3.7M offset by a $5.6M incremental FX headwind and ~21% constant‑currency growth at midpoint); full‑year non‑GAAP operating income is $86.4M–$88.4M (includes Q2 operating income beat of $1.2M, offset by a $1.9M FX headwind and elevated tech and go‑to‑market investments), and the updated full‑year midpoint implies a Rule of 40 of roughly 43.AvePoint Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 466.15M | 419.50M | 330.48M | 271.82M | 232.34M | 191.91M |
| Gross Profit | 342.37M | 310.70M | 247.96M | 194.37M | 166.06M | 139.25M |
| EBITDA | 65.27M | 46.71M | -19.02M | -13.93M | -30.12M | -31.55M |
| Net Income | 71.48M | 35.12M | -29.09M | -21.73M | -41.63M | -35.22M |
Balance Sheet | ||||||
| Total Assets | 757.00M | 789.18M | 519.05M | 442.58M | 415.53M | 388.74M |
| Cash, Cash Equivalents and Short-Term Investments | 417.25M | 481.06M | 290.90M | 226.88M | 229.81M | 270.63M |
| Total Debt | 16.31M | 17.45M | 16.53M | 14.72M | 16.74M | 0.00 |
| Total Liabilities | 320.13M | 310.48M | 248.11M | 217.74M | 172.38M | 133.17M |
| Stockholders Equity | 436.87M | 478.70M | 269.15M | 210.60M | 229.15M | 250.35M |
Cash Flow | ||||||
| Free Cash Flow | 100.66M | 81.57M | 85.85M | 31.17M | -6.24M | 2.57M |
| Operating Cash Flow | 104.69M | 85.26M | 88.89M | 34.69M | -774.00K | 5.03M |
| Investing Cash Flow | 6.70M | -20.20M | -2.60M | -5.65M | -21.45M | -3.38M |
| Financing Cash Flow | -122.49M | 123.99M | -15.54M | -33.67M | -17.15M | 198.62M |
AvePoint Technical Analysis
Positive
13.21
Price Trends
13.92
Positive
12.98
Positive
11.81
Positive
Market Momentum
0.69
Negative
74.64
Negative
96.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AVPT, the sentiment is Positive. The current price of 13.21 is below the 20-day moving average (MA) of 14.79, below the 50-day MA of 13.92, and above the 200-day MA of 11.81, indicating a bullish trend. The MACD of 0.69 indicates Negative momentum. The RSI at 74.64 is Negative, neither overbought nor oversold. The STOCH value of 96.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AVPT.
AvePoint Risk Analysis
AvePoint disclosed 28 risk factors in its most recent earnings report. AvePoint reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AvePoint Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.96T | 29.59 | 33.22% | 0.68% | 17.79% | 31.42% | |
75 Outperform | $5.93B | 61.05 | 217.31% | 4.86% | 9.63% | -45.56% | |
70 Outperform | $8.20B | 20.73 | -23.53% | ― | -0.05% | 9.77% | |
69 Neutral | $3.56B | 50.43 | 15.70% | ― | 24.95% | ― | |
69 Neutral | $27.65B | -105.04 | 50.26% | ― | 42.45% | 46.36% | |
63 Neutral | $5.67B | -40.29 | -26.91% | ― | 15.86% | -33.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
AVPT
AvePoint
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14.47%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.