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How AvePoint, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$419M · 100%Cost of revenue$109M · 26%Gross profit$311M · 74%Operating income$33M · 8%Income before tax$40.5M · 10%Income tax$5.4M · 1%Net income$34.8M · 8%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$419M100%
Cost of revenue$109M26%
$311M74%
$33M8%
Income before tax$40.5M10%
Income tax$5.4M1%
$34.8M8%
Source: · event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
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