Data management firm AvePoint's Q3 revenue rises

AvePoint (Delaware)

06/11/2025 21:27

Overview

AvePoint Q3 total revenue rises 24% yr/yr to $109.7 mln

SaaS revenue grows 38% yr/yr to $84.0 mln in Q3

Total ARR reaches $390 mln, up 26% yr/yr

Outlook

AvePoint raises full-year revenue guidance to $414.8 mln-$416.8 mln

Company expects Q4 revenue of $110 mln to $112 mln

AvePoint projects full-year ARR of $412.8 mln to $418.8 mln

Result Drivers

SAAS GROWTH - SaaS revenue increased 38% yr/yr to $84.0 mln, driven by demand for AI-related data security solutions

ARR INCREASE - Total ARR reached $390 mln, up 26% yr/yr, reflecting strong customer retention and expansion

NEW SOLUTIONS - Introduction of new data protection solutions and an enhanced partner program supported growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$13.02 mln
Q3 Adjusted Gross Margin
75.10%
Q3 Adjusted Gross Profit
$82.40 mln
Q3 ARR
$390 mln
Q3 Gross Profit
$81.58 mln
Q3 Operating Expenses
$73.45 mln
Q3 Operating Income
$8.13 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for AvePoint Inc is $22.00, about 35.1% above its November 5 closing price of $14.28

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 61 three months ago

Press Release: ID:nGNX4mLwZL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)