AvePoint, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
AVPT$16.89+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| For the Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net income (loss) | $35,120 | $(29,142) | $(21,501) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 6,205 | 5,382 | 4,687 |
| Operating lease right-of-use assets expense | 8,614 | 6,270 | 6,234 |
| Foreign currency remeasurement loss | 4,497 | 866 | — |
| Stock-based compensation | 39,315 | 39,059 | 36,048 |
| Deferred income taxes | (2,240) | 498 | (864) |
| Allowance for credit loss on notes receivable | 4,037 | — | — |
| Other | 468 | (67) | 1,068 |
| Change in value of earn-out and warrant liabilities | (408) | 37,276 | 11,454 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (31,300) | (4,898) | (19,448) |
| Prepaid expenses and other current assets | (2,658) | (3,350) | (2,773) |
| Deferred contract costs and other assets | (11,266) | (8,482) | (7,687) |
| Accounts payable, accrued expenses and other current liabilities, and other liabilities | 3,383 | 22,443 | 6,882 |
| Operating lease liabilities | (8,636) | (6,397) | (6,273) |
| Deferred revenue | 40,126 | 29,436 | 26,867 |
| Net cash provided by operating activities | 85,257 | 88,894 | 34,694 |
| Investing activities | |||
| Maturities of investments | 167 | 5,353 | 2,620 |
| Purchases of investments | (167) | (1,819) | (3,497) |
| Cash paid in business combinations, net of cash acquired | (14,893) | — | — |
| Capitalization of internal-use software | (1,624) | (1,211) | (1,434) |
| Purchase of property and equipment | (3,683) | (3,044) | (2,087) |
| Issuance of notes receivables | — | (1,750) | (1,250) |
| Other investing activities | — | (130) | — |
| Net cash used in investing activities | (20,200) | (2,601) | (5,648) |
| Financing activities | |||
| Purchase of common stock | (49,750) | (33,053) | (39,036) |
| Proceeds from warrant exercises | 168,189 | 17,182 | — |
| Proceeds from stock option exercises | 17,709 | 11,033 | 5,569 |
| Repurchase of noncontrolling interest | (12,148) | — | — |
| Funds held on behalf of others | 6,065 | — | — |
| Funds released on behalf of others | (6,065) | — | — |
| Redemption of redeemable noncontrolling interest | — | (6,130) | — |
| Purchase of public warrants | — | (3,991) | — |
| Company earn-out shares settled in cash | — | (572) | — |
| Other financing activities | (9) | (6) | (200) |
| Net cash provided by (used in) financing activities | 123,991 | (15,537) | (33,667) |
| Effect of exchange rates on cash | 1,277 | (3,183) | 595 |
| Net increase (decrease) in cash and cash equivalents | 190,325 | 67,573 | (4,026) |
| Cash and cash equivalents at beginning of period | 290,735 | 223,162 | 227,188 |
| Cash and cash equivalents at end of period | $481,060 | $290,735 | $223,162 |
| Supplemental disclosures of cash flow information | |||
| Income taxes paid | $6,831 | $6,882 | $6,112 |
| Company earn-out shares issuance | $— | $53,871 | $— |
| Unpaid purchase consideration transferred in connection with the business combination | $5,499 | $— | $— |
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