Business
AvePoint to Enter S&P SmallCap 600 on November 2 as LXP Industrial Trust Exits
By News Desk ·
Key takeaways
- AvePoint will replace LXP Industrial Trust in the S&P SmallCap 600 effective before trading opens on November 2, 2026.
- LXP shareholders approved the $61.20-per-share acquisition by Brookfield Asset Management and the Canada Pension Plan Investment Board, with over 99% of votes cast in favor.
- AvePoint reported full-year 2025 revenue of $419.5 million, up 28.6% year-over-year, and annual recurring revenue of $416.8 million.
AvePoint Inc. will replace LXP Industrial Trust in the S&P SmallCap 600 before trading opens on November 2, 2026, S&P Dow Jones Indices said. Stock Titan published the index change on October 27, 2026. AvePoint trades on Nasdaq under AVPT and LXP on the NYSE under LXP.
AvePoint's Addition and LXP's Exit
AvePoint is a Jersey City-based software company founded in 2001 that sells the Confidence Platform, a data security, governance and resilience suite for Microsoft 365, Google Workspace, Salesforce, Azure, AWS and AI agents, to more than 28,000 organizations, largely through channel partners and SaaS subscriptions, according to akta.pro company records.
The index change follows LXP Industrial Trust's pending acquisition by Brookfield Asset Management Ltd. and the Canada Pension Plan Investment Board. S&P Dow Jones Indices said the deal is expected to close soon, pending final closing conditions. LXP shareholders approved the $61.20-per-share acquisition, with over 99% of votes cast in favor, Stock Titan reported on October 26, 2026. LXP Industrial Trust reported third-quarter earnings aided by real estate sale proceeds, with same-store NOI up 2.6%, while the merger advanced toward closing, TradingView reported on October 27, 2026.
AvePoint's Revenue and Recurring Revenue
AvePoint's annual recurring revenue grew 27% to $416.8 million in fiscal 2025, against a target of $1 billion by 2029, according to akta.pro company records. Full-year 2025 revenue was $419.5 million, up 28.6% year-over-year, the same records show. The company completed a $202.46 million share repurchase program retiring 11.02% of shares outstanding in February 2026.
AvePoint's AI Governance Push
AvePoint launched the AvePoint Trust Platform to govern, secure and optimize enterprise AI, with capabilities for AI governance, security and cost optimization, Stock Titan reported on October 27, 2026. In March 2026, AvePoint brought its AgentPulse Command Center to general availability, extending the platform into independent AI agent lifecycle governance and FinOps across Microsoft 365, Google Cloud and Salesforce, according to akta.pro company records. Executives at the Piper Sandler conference in September 2026 said the company is on track to exceed $500 million in annual recurring revenue this year, Investing.com reported.
AvePoint's November 5 Earnings Call
AvePoint will report its third-quarter 2026 financial results after US markets close on November 5, 2026, and host a conference call at 4:30pm ET featuring CEO Tianyi Jiang and CFO Jim Caci, Stock Titan reported on October 13, 2026.