Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) Three Months Ended March 31, 2025 2024 Operating activities Net income (loss)$3,566 $(1,954)Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 1,511 1,295 Operating lease right-of-use assets expense 1,847 1,420 Foreign currency remeasurement loss 540 580 Stock-based compensation 9,620 9,458 Deferred income taxes (95) (72)Other 1,064 (146)Change in value of earn-out and warrant liabilities (474) (1,490)Changes in operating assets and liabilities: Accounts receivable 9,198 10,933 Prepaid expenses and other current assets 1,895 1,718 Deferred contract costs and other assets (2,637) 4,447 Accounts payable, accrued expenses, other current liabilities, operating lease liabilities and other liabilities (29,751) (14,293)Deferred revenue 4,211 (4,140)Net cash provided by operating activities 495 7,756 Investing activities Maturities of investments — 240 Purchases of investments — (389)Capitalization of internal-use software (452) (391)Purchase of property and equipment (1,514) (502)Issuance of notes receivables — (500)Cash paid in business combinations, net of cash acquired (14,893) — Net cash used in investing activities (16,859) (1,542)Financing activities Purchase of common stock (11,905) (13,743)Proceeds from warrant exercises 87,344 — Proceeds from stock option exercises 744 784 Repayments of finance leases (2) (2)Net cash provided by (used in) financing activities 76,181 (12,961)Effect of exchange rates on cash 929 (926)Net increase (decrease) in cash and cash equivalents 60,746 (7,673)Cash and cash equivalents at beginning of period 290,735 223,162 Cash and cash equivalents at end of period$351,481 $215,489 Supplemental disclosures of cash flow information Income taxes paid$901 $984 Unpaid purchase consideration transferred in connection with the business combination$5,499 $— Unpaid redemption of noncontrolling interest$— $5,926 AvePoint, Inc.
First quarter SaaS revenue of $68.9 million, representing 34% year-over-year growth, 37% on a constant currency basisFirst quarter Total revenue of $93.1 million, representing 25% year-over-year growth, 27% on a constant currency basisTotal ARR of $345.5 million, representing 26% year-over-year growth, 28% adjusted for FX JERSEY CITY, N.J., May 08, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced financial results for the first quarter ended March 31, 2025. "Highlighted by record growth in net new ARR and meaningful operating margin expansion, our first quarter results reflect our ability to efficiently address the intensifying convergence of data security, governance, and resilience challenges facing companies today,” said Dr.
Condensed Consolidated Balance Sheets(In thousands, except par value)(Unaudited) March 31, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents$351,481 $290,735 Short-term investments 317 167 Accounts receivable, net 80,124 87,365 Prepaid expenses and other current assets 14,717 16,528 Total current assets 446,639 394,795 Property and equipment, net 5,961 5,289 Goodwill 36,774 17,715 Intangible assets, net 11,514 8,889 Operating lease right-of-use assets 17,813 15,954 Deferred contract costs 59,945 59,838 Other assets 20,202 16,575 Total assets$598,848 $519,055 Liabilities and stockholders’ equity Current liabilities: Accounts payable$2,293 $2,352 Accrued expenses and other current liabilities 56,154 76,135 Current portion of deferred revenue 149,760 144,468 Total current liabilities 208,207 222,955 Long-term operating lease liabilities 11,649 9,909 Long-term portion of deferred revenue 10,846 8,840 Other liabilities 6,693 6,403 Total liabilities 237,395 248,107 Commitments and contingencies Stockholders’ equity Common stock, $0.0001 par value; 1,000,000 shares authorized, 203,031 and 194,071 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 20 19 Additional paid-in capital 873,269 779,007 Accumulated other comprehensive income 1,682 576 Accumulated deficit (515,468) (510,448)Noncontrolling interest 1,950 1,794 Total stockholders’ equity 361,453 270,948 Total liabilities and stockholders’ equity$598,848 $519,055 AvePoint, Inc.
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