AvePoint
AVPT on Nasdaq. AvePoint sells data protection software to organizations using cloud services. Market value $3.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $3.21 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 56 of 100. Price score: 47 of 100. Our list needs 70 on quality and 60 on price.
$14.59 a share, 65% above its 1-year low
Over the past year the price has ranged from $8.84 to $15.48.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $192m | $232m | $272m | $330m | $419m |
| Operating margin | |||||
| Operating margin | -27.9% | -17.7% | -5.6% | 2.2% | 7.9% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.19bn | 0.18bn | 0.19bn | 0.22bn | 0.21bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 22.6% a year
- Buying back its own sharesNo, 13% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $124 million last quarter, up 22% on a year ago.
- Profit: $28 million, up 922% on a year ago.
- It keeps 10 cents of each $1 of sales as operating profit, up from 6 cents a year earlier.
- Spare cash over the past 12 months: $99 million, up from $80 million.
- 4% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $89m |
| December 2024 | $89m |
| March 2025 | $93m |
| June 2025 | $102m |
| September 2025 | $110m |
| December 2025 | $115m |
| March 2026 | $117m |
| June 2026 | $124m |
| Quarter to | Amount |
|---|---|
| September 2024 | $3m |
| December 2024 | -$17m |
| March 2025 | $3m |
| June 2025 | $3m |
| September 2025 | $13m |
| December 2025 | $16m |
| March 2026 | $15m |
| June 2026 | $28m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
2 long-term investors we follow own it, up from 1 last quarter. 254 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gotham Asset ManagementJoel Greenblatt | $8m | <0.1% | Cut |
| Royce & AssociatesChuck Royce | $7m | <0.1% | New |
Largest holders overall
- Anchor @ 65 Pte.$223m
- BlackRock$162mAdded
- Vanguard Portfolio Management$121mCut
- Morgan Stanley$96mAdded
- Vanguard Capital Management$73mCut
- Goldman Sachs Group$57mAdded
- D. E. Shaw$50mCut
- Geode Capital Management$46mAdded
- State Street$44mAdded
- Parsifal Capital Management, LP$43m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Anchor IV Pte. Ltd.Passive investorat least 9.4%(filed with 9 related holders)Since 30 September 2025
- Lu ZhijianInsider or founder5.5%Since 24 October 2025
What they said
Item 4 is hereby amended by adding the following: Secondary Offering On September 16, 2025, in connection with a registered secondary public offering (the "Secondary Offering") of Common Stock, the selling security holders (the "Selling Securityholders"), including the Reporting…
Read the filing - Vanguard Portfolio ManagementPassive investor5.3%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Anchor IV Pte. Ltd. Passive investor | at least 9.4% (filed with 9 related holders) | 30 September 2025 | |
Lu Zhijian Insider or founder | 5.5% | 24 October 2025 | What they saidItem 4 is hereby amended by adding the following: Secondary Offering On September 16, 2025, in connection with a registered secondary public offering (the "Secondary Offering") of Common Stock, the selling security holders (the "Selling Securityholders"), including the Reporting… Read the filing |
Vanguard Portfolio Management Passive investor | 5.3% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $4m, $4m of it under preset trading plans.
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 30 September 2026
- Shares
- 10,000
- Price
- $14.11
- Value
- $141,100
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 23 September 2026
- Shares
- 10,000
- Price
- $13.07
- Value
- $130,700
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 27 August 2026
- Shares
- 60,000
- Price
- $14.20
- Value
- $852,000
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 24 August 2026
- Shares
- 10,000
- Price
- $13.30
- Value
- $133,000
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 29 July 2026
- Shares
- 5,176
- Price
- $13.06
- Value
- $67,599
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 28 July 2026
- Shares
- 4,824
- Price
- $13.08
- Value
- $63,098
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 15 July 2026
- Shares
- 31,631
- Price
- $13.18
- Value
- $416,897
- Brown Brian MichaelChief Legal Officer, DirectorSoldunder a preset trading plan
- Date
- 14 July 2026
- Shares
- 8,369
- Price
- $13.00
- Value
- $108,797
- Gong XunkaiExecutive Chairman, DirectorSoldunder a preset trading plan
- Date
- 13 January 2026
- Shares
- 27,998
- Price
- $13.39
- Value
- $374,893
- Gong XunkaiExecutive Chairman, DirectorSoldunder a preset trading plan
- Date
- 12 January 2026
- Shares
- 32,002
- Price
- $13.66
- Value
- $437,147
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 30 September 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 10,000 | $14.11 | $141,100 |
| 23 September 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 10,000 | $13.07 | $130,700 |
| 27 August 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 60,000 | $14.20 | $852,000 |
| 24 August 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 10,000 | $13.30 | $133,000 |
| 29 July 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 5,176 | $13.06 | $67,599 |
| 28 July 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 4,824 | $13.08 | $63,098 |
| 15 July 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 31,631 | $13.18 | $416,897 |
| 14 July 2026 | Brown Brian Michael Chief Legal Officer, Director | Sold under a preset trading plan | 8,369 | $13.00 | $108,797 |
| 13 January 2026 | Gong Xunkai Executive Chairman, Director | Sold under a preset trading plan | 27,998 | $13.39 | $374,893 |
| 12 January 2026 | Gong Xunkai Executive Chairman, Director | Sold under a preset trading plan | 32,002 | $13.66 | $437,147 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.