AvePoint Raises Full-Year ARR Outlook After Second Straight Acceleration

The Tip Desk · November 7, 2026 · 3 min read

Annual recurring revenue reached $495.1 million as the company lifted 2026 ARR guidance to as much as $528.8 million.

AvePoint (AVPT), the AI trust company, reported annual recurring revenue of $495.1 million as of September 30, 2026, up 27% from a year earlier and 25% adjusted for foreign exchange. Chief executive Dr. Tianyi Jiang said broad-based customer demand produced record net new ARR and an acceleration in total ARR growth for the second straight quarter, after 26% year-over-year growth in the first quarter.

The company again raised its full-year ARR outlook to $524.8 million to $528.8 million, or 26% growth at the midpoint on both a reported and FX-adjusted basis. Updated full-year revenue and non-GAAP operating income guidance incorporates third-quarter outperformance versus prior targets.

Total revenue was $131.1 million, up 19% from the third quarter of 2025 and 20% on a constant-currency basis. That year-over-year rate slowed from 22% in the second quarter and 26% in the first. SaaS revenue was $105.5 million, up 26% year-over-year and 26% constant currency, after 27% growth in the second quarter and 35% in the first. Term license and support revenue was $8.9 million and services revenue $16.7 million.

GAAP gross profit was $94.7 million, with GAAP gross margin of 72.2% versus 74.4% a year earlier. Non-GAAP gross margin was 72.8%. GAAP operating income was $11.5 million and GAAP operating margin 8.7%, compared with $8.1 million and 7.4% a year earlier. Non-GAAP operating income was $22.0 million and non-GAAP operating margin 16.8%, versus $24.1 million and 22.0% a year earlier.

Net income was $17.9 million, or $0.08 a share on a diluted basis, compared with $13.0 million, or $0.06 a share, a year earlier. The quarter included a $1.1 million income-tax benefit from the release of a previously recorded valuation allowance on certain deferred tax assets.

Dollar-based gross retention was 90% on a reported and FX-adjusted basis, up from 89% in the second and first quarters. Dollar-based net retention was 112% reported and 111% FX-adjusted, versus 111% reported and 110% FX-adjusted in both prior quarters.

Cash, cash equivalents and short-term investments were $418.3 million as of September 30. For the nine months ended September 30, the company generated $71.6 million of cash from operations, compared with $55.6 million in the prior-year period.

AvePoint announced the AvePoint Trust Platform, which it said makes data AI-ready, governs agents across their lifecycle, and adds AI governance, security, and cost-optimization capabilities, including observability of Anthropic Claude and MCP servers. It also announced Kinetic Classification and Rapid Recovery, said it was included in the 2026 Gartner Magic Quadrant for AI Agent Management Platforms, and was added to the S&P SmallCap 600. The company hired Ali Rohani as chief strategy and customer officer.

For the fourth quarter of 2026, AvePoint expects total revenue of $138.4 million to $140.4 million, or 22% year-over-year growth at the midpoint, and 22% on a constant-currency basis. Non-GAAP operating income is expected at $24.7 million to $25.7 million.

For the full year 2026, the company now expects total revenue of $511.3 million to $513.3 million, or 22% growth at the midpoint and 21% on a constant-currency basis, and non-GAAP operating income of $87.5 million to $88.5 million. Jiang said the company is excited for a strong close to 2026.