Key Highlights

  • AvePoint's second-quarter 2026 Revenue was $124.5m, up 22%, with SaaS revenue of $98.5m, up 27%.
  • Annual Recurring Revenue reached $465.1m, up 27% as reported and 24% adjusted for currency.
  • The company will report third-quarter results on 5 November 2026 and guides to revenue of $128.2m to $130.2m.

Quarterly results and the mix of growth

AvePoint, Inc. (NASDAQ:AVPT), which sells data management, governance and protection software, last reported results on 6 August 2026 for the second quarter ended 30 June 2026. Its Class A common stock is listed on Nasdaq and also on the SGX under the ticker AVP. Total revenue was $124.5m, up 22% year on year, or 21% in constant currency. Software-as-a-Service (SaaS) revenue was $98.5m, up 27%.

Annual recurring revenue (ARR) reached $465.1m, up 27% as reported and 24% adjusted for currency. Dollar-based net retention was 111%, or 110% adjusted for currency, while dollar-based gross retention was 89%. The gap between the two retention figures shows that expansion from existing customers is offsetting some churn and downgrades.

SaaS revenue grew faster than total revenue, 27% against 22%, and ARR growth also outpaced overall revenue. This suggests the Business is shifting towards subscription delivery, which tends to provide more predictable income than one-off or term-licence sales. It also means reported total revenue may lag the recurring base when the mix is changing.

The difference between reported and constant-currency ARR growth, 27% against 24%, is also notable. Roughly three percentage points of the headline rate came from exchange-rate movements rather than underlying demand, so readers should compare like with like when assessing momentum.

Profitability and cash

Profit measures were mixed. GAAP Operating Income rose to $10.2m, an 8.2% margin, from $7.1m, or 7.0%, a year earlier. Non-GAAP operating income was $20.3m, a 16.3% margin, compared with $18.8m and 18.4% in the prior-year quarter. Absolute profit grew, but the non-GAAP Margin narrowed.

Cash and cash equivalents stood at $417.3m on 30 June 2026. Operating Cash Flow for the first six months of 2026 was $40.2m, roughly double the $20.8m generated in the same period of 2025. For a software company still investing in growth, improving cash generation is an important counterweight to the thinner non-GAAP margin.

Guidance for the rest of 2026

The company's outlook is guidance, not reported results. For the third quarter it expects total revenue of $128.2m to $130.2m, equivalent to about 18% growth at the midpoint, and non-GAAP operating income of $21.0m to $22.0m.

For the full year 2026 it expects ARR of $522.1m to $528.1m, about 26% growth at the midpoint, and total revenue of $508.5m to $512.5m, about 22% growth at the midpoint. Non-GAAP operating income is guided at $86.4m to $88.4m.

What to watch

AvePoint announced on 13 October 2026 that it will report third-quarter results after US markets close on Thursday 5 November 2026, with a conference call at 4.30pm Eastern Time. Several measures will matter.

First, whether revenue lands within the guided range of $128.2m to $130.2m. Second, whether ARR growth stays on a path consistent with the full-year range. Third, whether net retention holds around 110% and whether non-GAAP Operating Margin moves back towards the level seen a year earlier. The company's disclosures on currency effects will also be relevant, since reported and constant-currency growth rates differ, as will the cash balance of $417.3m, which gives context to its capacity to invest.