TakeoverPE & activists

AVPTAvePoint, Inc.

Services-Prepackaged Software · $3.6B market cap · 3,443 employees

1.2×

More likely than average to be taken private

Top 15% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

4of 15 firedHow well they predict deals →
11 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    245% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    9% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    58% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    5% of assets
    Over 40% of assets
  • Quiet on AINo
    11.1 per 10K words · 94th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    —
    More cash than debt, positive EBITDA
  • AI-rollup shapedNo
    1 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$6M net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Jun 2, 2021DEFM14AApex Technology Acquisition Corporation$532.0012.678%

Key numbers

Revenue
$419MFY2021: $192MFY2022: $232MFY2023: $272MFY2024: $330MFY2025: $419M
27% YoY
Operating margin
7.9%FY2021: -27.9%FY2022: -17.7%FY2023: -5.6%FY2024: 2.2%FY2025: 7.9%
263% YoY
EBITDA
$36MFY2021: −$52MFY2022: −$39MFY2023: −$13MFY2024: $10MFY2025: $36M
258% YoY
Net debt / EBITDA
—

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$192M$232M$272M$330M$419M 27% FY2021: $192MFY2022: $232MFY2023: $272MFY2024: $330MFY2025: $419M
Operating income−$53M−$41M−$15M$7M$33M 361% FY2021: −$53MFY2022: −$41MFY2023: −$15MFY2024: $7MFY2025: $33M
Net income−$35M−$42M−$22M−$29M$35M 220% FY2021: −$35MFY2022: −$42MFY2023: −$22MFY2024: −$29MFY2025: $35M
Operating cash flow$5M−$774K$35M$89M$85M 4.1% FY2021: $5MFY2022: −$774KFY2023: $35MFY2024: $89MFY2025: $85M
Capex$2M$4M$2M$3M$4M 21% FY2021: $2MFY2022: $4MFY2023: $2MFY2024: $3MFY2025: $4M
Stock-based comp$60M$37M$36M$39M$39M 0.7% FY2021: $60MFY2022: $37MFY2023: $36MFY2024: $39MFY2025: $39M
Buybacks$2M$20M$39M$33M$50M 51% FY2021: $2MFY2022: $20MFY2023: $39MFY2024: $33MFY2025: $50M

13D filers

FiledFilerFormStakeIntent
Oct 28, 2025Lu ZhijianSCHEDULE 13D/A5.5%Passive
Sep 18, 2023Sixth Street Partners Management Company, L.P.SC 13D/A4.0%Passive
Jun 15, 2023Sixth Street Partners Management Company, L.P.SC 13D/A12.4%Passive
Aug 2, 2021Lu ZhijianSC 13D10.7%Passive
Aug 2, 2021Zhu James ZhijianSC 13D6.1%Passive
Jul 21, 2021Sixth Street Partners Management Company, L.P.SC 13D15.8%Passive
Jul 12, 2021Jiang TianyiSC 13D9.4%Passive
Jul 12, 2021Gong XunkaiSC 13D9.9%Passive
Sep 30, 2019Apex Technology Sponsor LLCSC 13D21.1%Passive

Insider trading

−$6Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $6M · 17 trades

Pay vs performance

No pay-versus-performance disclosure yet.