AvePoint’s financials for 3QFY2025 ended Sept 31, 2025, reflected this dynamic. Software-as-a-Service (SaaS) revenue rose 38% y-o-y to US$84 million ($107 million), despite a slowdown in broader technology spending. Net income increased 345% to US$13 million, and operating margins reached a record 22%. These results indicate that AvePoint is benefiting more from enterprise demand than from investor enthusiasm for AI.
With concerns rising about a potential AI bubble, investors are reconsidering whether valuations reflect fundamentals or sentiment. Unlike many AI-linked peers, AvePoint, listed first on Nasdaq and then the Singapore Exchange (SGX), focuses on data management challenges that arise during AI deployments.
According to AvePoint’s State of AI in 2025 report, 75% of organisations using AI suffered security breaches in the past year, while 86% delayed AI deployments by up to a year due to security and data quality concerns. For companies selling AI infrastructure or applications, these trends represent headwinds. For data governance providers like AvePoint, they translate into demand for risk controls and remediation.
