Highlights

  • The data-security and governance software group provides tools that help organisations manage and protect information in cloud and collaboration platforms.
  • For the quarter ended 30 June 2026, revenue was $124.5 million, up 22% (21% in constant currency).
  • Net income was $27.6 million, against $2.9 million a year earlier, and diluted earnings per share were $0.12.
  • Cash stood at $417.3 million at 30 June, compared with $444.1 million at the end of March.

AvePoint (NASDAQ:AVPT)'s most recent company announcement, on 13 October 2026, was that it will report third-quarter 2026 financial results on 5 November. There has been no more substantive corporate news since the second-quarter report on 6 August, so this article rests mainly on those results.

The data-security and governance software group provides tools that help organisations manage and protect information in cloud and collaboration platforms. It describes its pitch as helping customers prepare data for artificial intelligence, and chief executive Dr Tianyi Jiang attributed the quarter to "the growing demand for trusted AI".

Second-quarter results

For the quarter ended 30 June 2026, revenue was $124.5 million, up 22% (21% in constant currency). SaaS revenue was $98.5 million, up 27%. Annual recurring revenue (ARR) reached $465.1 million, up 27%, or 24% adjusted for currency. ARR rose by about $29.9 million from the $435.2 million reported at the end of March, and revenue was $7.3 million above the first quarter's $117.2 million.

Net income was $27.6 million, against $2.9 million a year earlier, and diluted earnings per share were $0.12. The headline includes a $19.9 million income tax benefit from releasing a valuation allowance, so it overstates underlying profitability. GAAP operating income was $10.2 million, an 8.2% margin, while non-GAAP operating income was $20.3 million, or 16.3%.

Cash, buybacks and guidance

Cash stood at $417.3 million at 30 June, compared with $444.1 million at the end of March. The cash flow statement shows $110.3 million spent on purchases of common stock in the first half, and the board renewed a three-year repurchase programme of up to $150 million when it reported first-quarter results. Operating cash flow for the six months was $40.2 million, up from $20.8 million.

For the third quarter, AvePoint guided to revenue of $128.2 million to $130.2 million and non-GAAP operating income of $21.0 million to $22.0 million. Full-year 2026 guidance is ARR of $522.1 million to $528.1 million, revenue of $508.5 million to $512.5 million and non-GAAP operating income of $86.4 million to $88.4 million. The midpoint of the third-quarter revenue range implies growth of about 18%, below the 22% reported for the second quarter. Full-year ranges sit below those given with first-quarter results, when ARR was guided to $523.4 million to $529.4 million and non-GAAP operating income to $91.5 million to $94.5 million.

Share price context

AvePoint shares closed at $14.00 on Wednesday 14 October 2026, In the reported figures. On Thursday the page showed $14.68, up 4.86%, at 1:15 PM EDT, but that was an intraday quote rather than a close, so it should not be treated as a settled price.

The stock traded around $14 in early October, with closes between $14.07 and $14.66 in the first week of the month. Brokers have recently initiated or adjusted coverage, including BMO Capital with an Outperform rating and a $17 target, and Stephens, which raised its target to $17 from $16. These are third-party opinions, not company guidance, and this article draws no conclusion from them.

What to watch

The 5 November report will show whether AvePoint delivers on the revenue and profit ranges above and how ARR growth compares with the 27% reported for the second quarter. First-quarter dollar-based net retention was 111% and gross retention 89%, which gives a reference point for customer expansion and churn.

Readers may also wish to track the pace of share repurchases, the extent to which currency movements alter reported growth, and whether the tax benefit that lifted second-quarter net income recurs. It is a one-off accounting item and not an indicator of operating performance. Management commentary on enterprise AI adoption will also matter.