Quarterly ResultMay 7, 2026, 04:15 PM
AvePoint Q1 SaaS Revenue $93.4M (+35%); Total Revenue $117.2M (+26%)
AI Summary
AvePoint announced strong financial results for the first quarter ended March 31, 2026, outperforming its guidance. The company reported a 35% year-over-year increase in SaaS revenue to $93.4 million and a 26% rise in total revenue to $117.2 million. Annual Recurring Revenue (ARR) grew 26% to $435.2 million, and GAAP operating income saw a significant expansion to $12.7 million. AvePoint also renewed its Share Repurchase Program for $150.0 million and raised its full-year 2026 ARR guidance.
Key Highlights
- Q1 2026 SaaS revenue reached $93.4 million, a 35% year-over-year increase (29% constant currency).
- Total revenue for Q1 2026 was $117.2 million, up 26% year-over-year (20% constant currency).
- Total Annual Recurring Revenue (ARR) grew 26% year-over-year to $435.2 million (23% adjusted for FX).
- GAAP operating income significantly increased to $12.7 million from $3.3 million in Q1 2025.
- Non-GAAP operating income rose to $20.5 million from $13.4 million in Q1 2025.
- Cash from operations for the quarter was $24.3 million, up from $0.5 million in the prior year.
- Renewed Share Repurchase Program for an additional three years, authorizing up to $150.0 million.
- Raised full-year 2026 ARR guidance to $523.4 million-$529.4 million, representing 26% growth at midpoint.