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Side-by-side financial comparison of AvePoint, Inc. (AVPT) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $114.7M, roughly 1.5× AvePoint, Inc.). AvePoint, Inc. runs the higher net margin — 13.6% vs 2.7%, a 10.9% gap on every dollar of revenue. On growth, AvePoint, Inc. posted the faster year-over-year revenue change (28.6% vs -7.5%). AvePoint, Inc. produced more free cash flow last quarter ($29.0M vs $-5.5M). Over the past eight quarters, AvePoint, Inc.'s revenue compounded faster (24.0% CAGR vs -13.5%).

AvePoint is a public company headquartered in Jersey City, New Jersey, United States. It develops software products intended to add features or security to other major platforms, like Microsoft 365, Google, or Salesforce. AvePoint was founded in 2001 and went public on NASDAQ in 2020.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

AVPT vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.5× larger
THRY
$167.7M
$114.7M
AVPT
Growing faster (revenue YoY)
AVPT
AVPT
+36.1% gap
AVPT
28.6%
-7.5%
THRY
Higher net margin
AVPT
AVPT
10.9% more per $
AVPT
13.6%
2.7%
THRY
More free cash flow
AVPT
AVPT
$34.4M more FCF
AVPT
$29.0M
$-5.5M
THRY
Faster 2-yr revenue CAGR
AVPT
AVPT
Annualised
AVPT
24.0%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVPT
AVPT
THRY
THRY
Revenue
$114.7M
$167.7M
Net Profit
$15.6M
$4.5M
Gross Margin
73.6%
65.2%
Operating Margin
12.7%
37.3%
Net Margin
13.6%
2.7%
Revenue YoY
28.6%
-7.5%
Net Profit YoY
191.1%
147.2%
EPS (diluted)
$0.06
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVPT
AVPT
THRY
THRY
Q1 26
$167.7M
Q4 25
$114.7M
$191.6M
Q3 25
$109.7M
$201.6M
Q2 25
$102.0M
$210.5M
Q1 25
$93.1M
$181.4M
Q4 24
$89.2M
$186.6M
Q3 24
$88.8M
$179.9M
Q2 24
$78.0M
$224.1M
Net Profit
AVPT
AVPT
THRY
THRY
Q1 26
$4.5M
Q4 25
$15.6M
$-9.7M
Q3 25
$13.0M
$5.7M
Q2 25
$2.9M
$13.9M
Q1 25
$3.6M
$-9.6M
Q4 24
$-17.2M
$7.9M
Q3 24
$2.6M
$-96.1M
Q2 24
$-12.9M
$5.5M
Gross Margin
AVPT
AVPT
THRY
THRY
Q1 26
65.2%
Q4 25
73.6%
68.0%
Q3 25
74.4%
67.7%
Q2 25
74.0%
69.7%
Q1 25
74.3%
65.8%
Q4 24
75.4%
65.9%
Q3 24
76.1%
62.3%
Q2 24
75.7%
66.3%
Operating Margin
AVPT
AVPT
THRY
THRY
Q1 26
37.3%
Q4 25
12.7%
5.3%
Q3 25
7.4%
9.9%
Q2 25
7.0%
14.0%
Q1 25
3.5%
-1.7%
Q4 24
5.4%
-3.9%
Q3 24
8.6%
-49.2%
Q2 24
-2.7%
14.0%
Net Margin
AVPT
AVPT
THRY
THRY
Q1 26
2.7%
Q4 25
13.6%
-5.0%
Q3 25
11.9%
2.8%
Q2 25
2.8%
6.6%
Q1 25
3.8%
-5.3%
Q4 24
-19.3%
4.2%
Q3 24
3.0%
-53.4%
Q2 24
-16.6%
2.5%
EPS (diluted)
AVPT
AVPT
THRY
THRY
Q1 26
$0.10
Q4 25
$0.06
$-0.21
Q3 25
$0.06
$0.13
Q2 25
$0.01
$0.31
Q1 25
$0.02
$-0.22
Q4 24
$-0.09
$0.28
Q3 24
$0.01
$-2.65
Q2 24
$-0.07
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVPT
AVPT
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$481.1M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$478.7M
$225.4M
Total Assets
$789.2M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVPT
AVPT
THRY
THRY
Q1 26
$8.0M
Q4 25
$481.1M
$10.8M
Q3 25
$471.6M
$11.6M
Q2 25
$430.1M
$10.8M
Q1 25
$351.8M
$11.0M
Q4 24
$290.9M
$16.3M
Q3 24
$250.0M
$12.5M
Q2 24
$230.8M
$15.5M
Total Debt
AVPT
AVPT
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
AVPT
AVPT
THRY
THRY
Q1 26
$225.4M
Q4 25
$478.7M
$218.1M
Q3 25
$466.8M
$221.1M
Q2 25
$443.1M
$214.9M
Q1 25
$361.5M
$193.2M
Q4 24
$270.9M
$196.9M
Q3 24
$215.7M
$94.5M
Q2 24
$207.4M
$183.1M
Total Assets
AVPT
AVPT
THRY
THRY
Q1 26
$693.7M
Q4 25
$789.2M
$688.6M
Q3 25
$743.5M
$701.8M
Q2 25
$700.1M
$687.7M
Q1 25
$598.8M
$703.7M
Q4 24
$519.1M
$712.2M
Q3 24
$463.0M
$654.8M
Q2 24
$427.3M
$785.5M
Debt / Equity
AVPT
AVPT
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVPT
AVPT
THRY
THRY
Operating Cash FlowLast quarter
$29.7M
Free Cash FlowOCF − Capex
$29.0M
$-5.5M
FCF MarginFCF / Revenue
25.3%
-3.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$81.6M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVPT
AVPT
THRY
THRY
Q1 26
Q4 25
$29.7M
$22.2M
Q3 25
$34.8M
$22.2M
Q2 25
$20.3M
$29.6M
Q1 25
$495.0K
$-10.5M
Q4 24
$32.8M
$26.1M
Q3 24
$32.2M
$36.0M
Q2 24
$16.2M
$22.2M
Free Cash Flow
AVPT
AVPT
THRY
THRY
Q1 26
$-5.5M
Q4 25
$29.0M
$12.3M
Q3 25
$34.3M
$14.6M
Q2 25
$19.3M
$21.8M
Q1 25
$-1.0M
$-17.6M
Q4 24
$32.0M
$17.3M
Q3 24
$30.8M
$27.5M
Q2 24
$15.8M
$13.3M
FCF Margin
AVPT
AVPT
THRY
THRY
Q1 26
-3.3%
Q4 25
25.3%
6.4%
Q3 25
31.3%
7.2%
Q2 25
18.9%
10.4%
Q1 25
-1.1%
-9.7%
Q4 24
35.9%
9.3%
Q3 24
34.7%
15.3%
Q2 24
20.2%
5.9%
Capex Intensity
AVPT
AVPT
THRY
THRY
Q1 26
Q4 25
0.6%
5.2%
Q3 25
0.5%
3.8%
Q2 25
0.9%
3.7%
Q1 25
1.6%
3.9%
Q4 24
0.8%
4.7%
Q3 24
1.6%
4.7%
Q2 24
0.5%
4.0%
Cash Conversion
AVPT
AVPT
THRY
THRY
Q1 26
Q4 25
1.90×
Q3 25
2.68×
3.93×
Q2 25
7.01×
2.12×
Q1 25
0.14×
Q4 24
3.32×
Q3 24
12.30×
Q2 24
4.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVPT
AVPT

SAAS$88.9M78%
Services$14.7M13%
Termed License And Support$10.1M9%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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