AvePoint Added to Brown Capital Fund after 23% Growth and $330M Revenue
Brown Capital added AvePoint to its Small Company Fund in Q4 2025, highlighting 2024 revenue of $330 million, 23% annual growth, GAAP profitability with a 2.2% EBIT margin and $470 million cash. Shares have lost 17.97% month-to-date and 38.42% over 52 weeks, as management targets $1 billion revenue by 2029.
1. Fund Inclusion and Rationale
Brown Capital Management added AvePoint to its Small Company Fund in Q4 2025, reflecting confidence in its cloud-native data management platform and growth trajectory. This addition marks AvePoint as one of the fund’s five top new selections for the period.
2. Financial Performance Highlights
AvePoint generated $330 million in revenue in 2024, achieving 23% annualized growth over five years. The company reported GAAP profitability with a 2.2% EBIT margin and ended the year with $470 million in cash and zero debt.
3. Growth Targets and AI Initiatives
Management aims to reach $1 billion in revenue by 2029, implying sustained 20%-plus growth. AvePoint’s pipeline includes AI Pulse for agent monitoring and expanded AI governance tools within its Control Suite to secure data across cloud platforms.
4. Stock Trends and Market Valuation
Shares have declined 38.42% year-over-year and 17.97% month-to-date, reflecting market headwinds and profit taking. With a market capitalization of $2.266 billion, this underperformance contrasts with the company’s long-term growth objectives.