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Sells data governance, backup and security software that manages Microsoft 365 and cloud collaboration environments.
Sells data governance, backup and security software that manages Microsoft 365 and cloud collaboration environments.
Sold as subscriptions, priced mostly per user and by module, and renewed yearly or over several years, with cloud subscriptions now most of its revenue after years of moving customers off older licence-and-maintenance software. Many sales come through Microsoft's marketplace and resellers, and more modules sold to the same customer is a main route to growth.
Moat: narrow (switching costs, installed base, distribution). Deep Microsoft partnership and embedded data governance role create switching costs for IT teams.
Headquarters: Jersey City, New Jersey, United States · Founded: 2001 · Employees: 3,443
Size AvePoint (AVPT) is a United States Information Technology company (Packaged Software) with a market value of $3.50B, the 1433rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.55 on 6 Nov 2026.
Performance Over six months the shares gained 45.2%, against +2.7% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 24.9% over the last twelve months (peer median +16.5%); the operating margin is 9.8% (peer median 5.7%).
Valuation It trades at 37.6× forward earnings against a peer median of 22.4× (5th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 67.5 points above its cost of capital (10.5% WACC).
Backlog Backlog (remaining performance obligations) was $578M at 30 Sep 2026, up 22% on a year earlier — 1.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $466M | $419M | $330M | $272M | $232M |
| Revenue growth | — | +27% | +22% | +17% | — |
| Gross profit | $342M | $310M | $248M | $194M | $164M |
| EBITDA | $61.1M | $48.4M | $12.5M | -$10.4M | -$36.9M |
| Net income | $71.5M | $34.8M | -$29.1M | -$21.7M | -$41.6M |
| Free cash flow | $101M | $81.6M | $85.8M | $32.5M | -$4.63M |
| Capital expenditure | $5.46M | $5.31M | $4.25M | $3.52M | $5.46M |
| Total debt | $26.8M | $17.4M | $16.5M | $14.7M | $16.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AvePoint AVPT | $3.50B | +45% | +25% | 10% | 37.6× | 31.6% |
| Commvault Systems CVLT | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% |
| Rubrik RBRK | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% |
| Varonis Systems VRNS | $5.63B | +71% | +18% | -25% | 138.0× | 23.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AVPT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.8% | +3.5% | 5th highest of 21 |
| 6-month return | +45.2% | +2.7% | 4th highest of 21 |
| Distance from 52-week high | -5.5% | -37.9% | highest of 21 |
| Revenue growth (TTM) | +24.9% | +16.5% | 7th highest of 21 |
| Operating margin | 9.8% | 5.7% | 8th highest of 20 |
| Forward P/E | 37.6× | 22.4× | 5th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 31.6% | 19.0% | 3rd most demanding of 16 |
| Growth delivered (Del g) | +22.6% | +17.7% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | +9.0 pp | -1.1 pp | 5th most demanding of 16 |
| ROIC minus cost of capital | +67.5 pp | +2.6 pp | 2nd highest of 16 |
| EV / EBITDA | 50.9× | 26.4× | 3rd most expensive of 9 |
| Net debt / EBITDA | -6.4× | -2.1× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AvePoint AVPT | United States | $3.50B | +45% | +25% | 10% | 37.6× | 31.6% | +22.6% |
| Agilysys AGYS | United States | $3.42B | +69% | +15% | 13% | 41.6× | 22.9% | +18.4% |
| Intapp INTA | United States | $3.35B | +76% | +14% | -4% | 25.7× | 4.3% | +21.9% |
| Appian APPN | United States | $3.70B | +135% | +21% | 4% | 41.6× | 42.9% | +19.0% |
| monday.com MNDY | United States | $3.72B | +22% | +24% | 3% | 14.2× | 23.6% | +50.2% |
| Glory View Technology 301396.SZ | China | $3.72B | -49% | +53% | n/a | 25.3× | n/a | n/a |
| Koei Tecmo 3635.T | Japan | $3.74B | +15% | +19% | 43% | 15.1× | -5.7% | +7.9% |
| Perfect World 002624.SZ | China | $3.26B | -26% | -8% | 8% | 21.1× | 19.0% | -8.2% |
| Hexaware Technologies HEXT.NS | India | $3.26B | +9% | +13% | 12% | 21.7× | 15.4% | +16.5% |
| G-Bits Network Technology (Xiamen) 603444.SS | China | $3.77B | -14% | +35% | 40% | 12.5× | -0.9% | +17.7% |
| Geovis Technology 688568.SS | China | $3.78B | -45% | -64% | -70% | n/a | n/a | n/a |
| Core Scientific CORZ | United States | $3.78B | -49% | +26% | -31% | n/a | n/a | n/a |
| Bullish BLSH | United States | $3.20B | -51% | +34% | 18% | 33.6× | 32.3% | +14.4% |
| Thunder Software Technology 300496.SZ | China | $3.83B | -13% | +40% | 6% | 40.0× | n/a | n/a |
| Alarm.com ALRM | United States | $3.19B | +37% | +9% | 13% | 22.4× | 10.9% | +10.3% |
| Sinch SINCH.ST | Sweden | $3.19B | +13% | -6% | 4% | 13.3× | 23.8% | +27.5% |
| Wix.com WIX | United States | $3.18B | -5% | +14% | -3% | 12.6× | -4.4% | +15.2% |
| Freshworks FRSH | United States | $3.18B | +37% | +15% | 8% | 14.5× | 12.9% | +27.4% |
| Life360 LIF | United States | $3.86B | +8% | +34% | 1% | 33.9× | n/a | n/a |
| Tsinghua Tongfang 600100.SS | China | $3.15B | -22% | -11% | -2% | n/a | 30.2% | -10.3% |
| Cellebrite DI CLBT | United States | $3.13B | -2% | +18% | 11% | 38.0× | 22.8% | +19.5% |
AvePoint reported $578M of remaining performance obligations at 30 Sep 2026, up 22% from a year earlier and up 3% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.14.