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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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