Note 20 - Net Income (Loss) per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

20. Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing total net income (loss) by the weighted average number of common shares outstanding for the period. In computing diluted net income (loss), the Company adjusts the denominator, subject to anti-dilution requirements, to include the dilution from potential shares of common stock resulting from outstanding share-based payment awards, warrants, and Company Earn-Outs. The Company applies the two-class method in calculating loss per share. The Company’s Sponsor Earn-Out Shares described in “Note 14 — Mezzanine Equity and Stockholders’ Equity” are considered participating securities and have no contractual obligation to shares in the loss of the Company. As such, the weighted-average impact of these shares is excluded from the calculation of loss per share below.

	Year Ended December 31,
	2025		2024			2023
	(in thousands, except
	per share amounts)
Net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders
Numerator:
Net income (loss)	$	35,120	$	(29,142	)	$	(21,501	)
Net income (loss) attributable to noncontrolling interest		321		(52	)		224
Total net income (loss) available to common stockholders	$	34,799	$	(29,090	)	$	(21,725	)
Denominator:
Weighted average common shares outstanding		207,587		183,721			182,257
Effect of dilutive securities
Stock options		15,426		—			—
RSUs		5,044		—			—
Warrants		1,236		—			—
Weighted average diluted shares		229,293		183,721			182,257
Basic net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders	$	0.17	$	(0.16	)	$	(0.12	)
Diluted net income (loss) per share available to common shareholders, excluding sponsor earn-out shareholders	$	0.15	$	(0.16	)	$	(0.12	)

To arrive at net income (loss) available to common stockholders, during the years ended December 31, 2025, 2024, and 2023, the Company deducted net income attributable to the noncontrolling interest in MaivenPoint.

AvePoint, Inc. and Subsidiaries

Notes to Consolidated Financial Statements (continued)

The following table includes the total potentially dilutive securities for the years ended December 31, 2025, 2024 and 2023, which have been excluded from the computation of diluted net income (loss) per share as their effect is anti-dilutive:

	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Stock options		80		23,280		27,192
RSUs		7		9,660		10,703
Warrants		—		14,815		17,905
Earn-out shares		—		—		3,000
Total		87		47,755		58,800