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Dec 31, 2024
Avepoint Q4 2024 Earnings Report
AvePoint reported its fourth quarter and full year 2024 financial results, with strong revenue growth driven by SaaS, and positive operating income.
Key Takeaways
AvePoint closed 2024 with an outstanding fourth quarter, achieving significant revenue growth and improved profitability. SaaS revenue continued to be a strong driver, and the company reported positive GAAP and non-GAAP operating income for both the quarter and the full year.
Total revenue for Q4 2024 increased by 20% year-over-year to $89.2 million.
SaaS revenue for Q4 2024 grew by 43% year-over-year to $64.8 million.
GAAP gross profit for Q4 2024 was $67.3 million, with a non-GAAP gross margin of 75.5%.
GAAP operating income for Q4 2024 was $4.9 million, a significant improvement from $0.9 million in Q4 2023.
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
AvePoint expects continued strong growth in 2025, with projected increases in total revenue and ARR, along with improved non-GAAP operating income.
Positive Outlook
- Total revenues for Q1 2025 are expected to grow by 18% to 21% year-over-year, reaching $87.8 million to $89.8 million.
- Non-GAAP operating income for Q1 2025 is projected to be between $11.1 million and $12.1 million.
- Full year 2025 total ARR is expected to be $401.3 million to $407.3 million, representing 23% to 25% year-over-year growth.
- Full year 2025 total revenues are projected to be $380.0 million to $388.0 million, indicating 15% to 17% year-over-year growth.
- Full year 2025 non-GAAP operating income is expected to be $52.3 million to $55.3 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income