AvePoint, Inc. (AVPT) Stock

AvePoint, Inc. (AVPT) is a Technology stock trading at $13.13 (as of 2026-08-20), with a market capitalization of $2.78B and a trailing P/E of 39.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

AvePoint, Inc. provides cloud-hosted software for managing data in collaboration platforms such as Microsoft 365. Its offerings include solutions for data protection, governance, and compliance across Microsoft 365, Dynamics 365, Salesforce, and Google Workspace.

Understand AvePoint, Inc.: how it makes money

AvePoint provides Microsoft 365 data management software (SaaS and subscriptions) focused on data protection, governance, and compliance, generating revenue mainly from its Software as a Service offerings and smaller add-ons such as services and term license and support.

The profit model is driven by recurring software revenue, with retention and expansion visible in its Net Dollar Retention Rate (110%), which helps move customers forward into higher Ending Annual Recurring Revenue (0.37 USD_B) and Net New Annual Recurring Revenue (0.02 USD_B).

Revenue by segment (latest quarter)
SaaS	$0.1B
Services	$0.0B
Term license and support	$0.0B

Business quality (Solid): Recurring, Microsoft ecosystem focused software with strong retention metrics and solid profitability (72.8% gross margin, 10.9% operating margin), but the business performance still depends on ongoing renewal and expansion in its customer base.

Valuation: Trades at 54× trailing earnings · $2B market cap.

Bull case

Retention supports growth in recurring revenue: Net Dollar Retention Rate is 110% (with Gross Retention Rate at 89%), indicating existing customers contribute more over time.
Profitability is strong for a software-heavy model: Gross margin is 72.8% and operating margin is 10.9%.
Recurring revenue base is meaningful: Software as a Service Revenue is 0.09 USD_B out of total revenue of 0.1 USD_B (2026-03-31).

Bear case

Performance is exposed to changes in the customer renewal cycle: Its operating engine relies on Annual Recurring Revenue (0.31 USD_B) and Net New Annual Recurring Revenue (0.02 USD_B), so weakening customer retention or expansion would pressure growth.
Small non-SaaS contribution leaves less diversification: Services Revenue is 0.01 USD_B and Term License and Support Revenue is 0.01 USD_B, so most revenue remains tied to SaaS.
Platform reliance is structural: The product set is focused on Microsoft 365 and also mentions Dynamics 365, Salesforce, and Google Workspace, meaning adoption and requirements of these ecosystems matter for results.

Valuation — source: SEC EDGAR (first-party)
Price	$13.13
Market Cap	$2.78B
P/E Ratio	39.0
EV / EBITDA	51.8
Price / Book	6.36
Price / Sales	5.96
FCF Yield	3.6%
DCF Value (model)	$9.41
DCF Upside vs Price	-28.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$419.50M
Net Margin	8.3%
Revenue Growth (YoY)	22.0%
EPS Growth (YoY)	1200.0%
FCF Growth (YoY)	-23.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	5.77 (safe)

Valuation vs Sector & Industry
Stock P/E	39.0
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	30.0
vs Sector	15.1%
vs Industry	30.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($241.75M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Tianyi Jiang
Employees	2,934
Country	US
IPO Date	2019-11-05

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.