AvePoint Announces Third Quarter 2026 Financial Results

(NASDAQ:AVPT, SGX:AVP) AvePoint announced its financial results for the third quarter ended September 30, 2026. Total revenue for the quarter was $131.1 million, representing a 19% increase from the third quarter of 2025. SaaS revenue was $105.5 million, up 26% year-over-year. GAAP gross profit reached $94.7 million, compared to $81.6 million in the prior year period, with a GAAP gross margin of 72.2% versus 74.4% last year. Non-GAAP gross profit was $95.4 million, up from $82.4 million, and non-GAAP gross margin was 72.8% compared to 75.1%. GAAP operating income was $11.5 million, up from $8.1 million, with a GAAP operating margin of 8.7% versus 7.4%. Non-GAAP operating income was $22.0 million, compared to $24.1 million, and non-GAAP operating margin was 16.8% versus 22.0%. Cash, cash equivalents, and short-term investments totaled $418.3 million as of September 30, 2026. For the nine months ended September 30, 2026, cash from operations was $71.6 million, up from $55.6 million in the prior year period. Annual recurring revenue (ARR) as of September 30, 2026 was $495.1 million, a 27% year-over-year increase, or 25% adjusted for FX. The dollar-based gross retention rate was 90% and the dollar-based net retention rate was 112% (111% FX-adjusted). AvePoint announced new products including Kinetic Classification for AI-driven data classification and Rapid Recovery for priority-based data restoration. The company also launched the AvePoint Trust Platform, which adds AI Governance, Security, and Cost Optimization capabilities and expands observability to Anthropic Claude and MCP servers. AvePoint was included in the 2026 Gartner Magic Quadrant for AI Agent Management Platforms and added to the S&P SmallCap 600 Index. Ali Rohani was hired as Chief Strategy and Customer Officer. For Q4 2026, AvePoint expects total revenues of $138.4 million to $140.4 million (22% year-over-year growth at midpoint) and non-GAAP operating income of $24.7 million to $25.7 million. For the full year 2026, the company expects total ARR of $524.8 million to $528.8 million (26% year-over-year growth at midpoint), total revenues of $511.3 million to $513.3 million (22% year-over-year growth at midpoint), and non-GAAP operating income of $87.5 million to $88.5 million. AvePoint serves more than 28,000 organizations and 6,000 channel partners. The company will host a conference call on November 5, 2026 at 4:30pm ET to discuss these results.