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Avepoint Q1 2025 Earnings Report
AvePoint reported strong first quarter 2025 financial results, highlighted by significant revenue growth and improved profitability.
Key Takeaways
AvePoint delivered a robust first quarter in 2025, with total revenue increasing by 25% year-over-year to $93.1 million and SaaS revenue growing by 34%. The company achieved GAAP operating income of $3.3 million, a significant improvement from a loss in the prior year, and non-GAAP operating income of $13.4 million, demonstrating strong operational efficiency.
Total revenue for Q1 2025 reached $93.1 million, a 25% increase from the first quarter of 2024.
SaaS revenue grew by 34% year-over-year to $68.9 million, contributing significantly to overall revenue growth.
GAAP gross profit was $69.2 million, with a non-GAAP gross margin of 75.0%, indicating strong profitability.
The company reported GAAP operating income of $3.3 million, a turnaround from a loss in the previous year, and non-GAAP operating income of $13.4 million.
Avepoint
Avepoint
Avepoint Revenue by Segment
Revenue by Segment
SaaS Revenue
CapyFin.comTerm license and support Revenue
CapyFin.comServices Revenue
CapyFin.comMaintenance Revenue
CapyFin.com Forward Guidance
For the second quarter of 2025, AvePoint expects total revenues between $95.3 million and $97.3 million, representing 22% to 25% year-over-year growth. Non-GAAP operating income is projected to be between $13.2 million and $14.2 million. For the full year 2025, the company anticipates total ARR of $411.8 million to $417.8 million, total revenues of $397.4 million to $405.4 million, and non-GAAP operating income of $61.4 million to $64.4 million.
Positive Outlook
- Expected total revenues for Q2 2025 of $95.3 million to $97.3 million, indicating continued growth.
- Projected non-GAAP operating income for Q2 2025 of $13.2 million to $14.2 million, showing sustained profitability.
- Full year 2025 total ARR expected to be $411.8 million to $417.8 million, reflecting strong recurring revenue growth.
- Full year 2025 total revenues anticipated to be $397.4 million to $405.4 million, with 20% to 23% year-over-year growth.
- Full year 2025 non-GAAP operating income projected to be $61.4 million to $64.4 million, demonstrating improved operational leverage.
Challenges Ahead
- The global nature of the business exposes the company to fluctuations in foreign exchange rates.
- While a modest currency tailwind was observed in Q1, this could reverse and impact future results.
- The macroeconomic environment remains fluid, which could affect customer spending and demand.
- Achieving the billion-dollar ARR target for 2029 will require sustained execution and market conditions.
- The company's ability to implement business plans and realize additional opportunities is subject to various risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income