AvePoint(US:AVPT)2025-11-06 21:32Financial Performance - Total revenue for the three months ended September 30, 2025, was $109.728 million, a 23.5% increase from $88.804 million in the same period of 2024[21] - SaaS revenue reached $83.982 million for the three months ended September 30, 2025, up 37.9% from $60.866 million in the prior year[21] - Net income for the three months ended September 30, 2025, was $13.017 million, compared to $2.928 million in the same period of 2024, representing a significant increase[21] - Gross profit for the nine months ended September 30, 2025, was $226.287 million, up from $180.694 million in the same period of 2024, reflecting a growth of 25.3%[21] - Total revenue for the nine months ended September 30, 2025, reached $304,810,000, up 26.4% from $241,299,000 in the same period of 2024[143] - For the nine months ended September 30, 2025, AvePoint reported a net income of $19.5 million, compared to a net loss of $11.96 million for the same period in 2024[29] Assets and Equity - Total assets as of September 30, 2025, were $743.515 million, an increase from $519.055 million as of December 31, 2024[18] - Total stockholders' equity increased to $466.809 million as of September 30, 2025, from $270.948 million as of December 31, 2024[18] - AvePoint's total stockholders' equity increased to $466,809,000 from $443,135,000 as of June 30, 2025, reflecting a growth of approximately 5.0%[24] - AvePoint's total paid-in capital rose to $970,918,000 as of September 30, 2025, up from $953,446,000 at the end of June 2025, indicating a growth of about 1.5%[24] Cash and Cash Equivalents - Cash and cash equivalents increased to $471.640 million as of September 30, 2025, compared to $290.735 million at the end of 2024, marking a growth of 62.2%[18] - AvePoint's cash and cash equivalents at the end of the period were $471.6 million, a significant increase from $249.8 million at the end of the previous year[29] Operating Expenses - Operating expenses for the three months ended September 30, 2025, totaled $73.454 million, up from $59.931 million in the same period of 2024, indicating a rise of 22.6%[21] - Stock-based compensation expense for the three months ended September 30, 2025, was $10,678,000, compared to $9,811,000 for the same period in 2024, reflecting an increase of approximately 8.8%[24] - Stock-based compensation expenses rose to $31.4 million for the nine months ended September 30, 2025, compared to $29.8 million in the same period of 2024[29] Revenue Recognition and Deferred Revenue - The company’s deferred revenue increased to $174.202 million as of September 30, 2025, compared to $153.308 million at the end of 2024, reflecting a growth of 13.6%[18] - Deferred revenue increased to $174.2 million as of September 30, 2025, up from $153.3 million at the end of 2024, indicating strong future revenue potential[49] - The transaction price allocated to remaining performance obligations was $475.2 million, with $399.6 million related to SaaS and term license and support revenue, expecting to recognize approximately 57% over the next twelve months[54] Shareholder Activities - The company repurchased and retired common stock amounting to $8,356,000 during the three months ended September 30, 2025[24] - The Company authorized a new share repurchase program allowing for the buyback of up to $150 million of common stock, with 1,743,455 shares repurchased at an average price of $15.66 per share during the nine months ended September 30, 2025[109] - A total of 14,625,054 public warrants were exercised during the nine months ended September 30, 2025, generating cash proceeds of $168.2 million[114] Acquisitions - The acquisition of Ydentic on January 29, 2025, was valued at approximately $20.4 million, consisting of $14.9 million in cash and a $5.5 million unconditional purchase obligation[62] - The preliminary fair value of intangible assets acquired in the Ydentic acquisition was $3.9 million, with technology and software valued at $3.6 million[69] - The Company established a deferred tax liability with an offset to goodwill in connection with the Ydentic acquisition due to book-to-tax differences[64] Other Financial Metrics - The company reported a foreign currency remeasurement loss of $4.3 million for the nine months ended September 30, 2025, compared to a loss of $1.2 million in the prior year[29] - The effective tax rate for the three months ended September 30, 2025, was (1.6)%, compared to 5.9% for the same period in 2024[80] - The Company recorded interest income of $0.9 million and $0.1 million for the three and nine months ended September 30, 2025, respectively, related to the mandatorily redeemable noncontrolling interest[72]