AvePoint Announces Third Quarter 2026 Financial Results

Fourth-quarter revenue guidance calls for 22% year-over-year growth at the midpoint.

Rhea-AI Summary

AvePoint (AVPT) reported third-quarter 2026 revenue of $131.1 million, up 19% year over year, alongside higher GAAP operating income. SaaS revenue rose 26% to $105.5 million. Annual recurring revenue (ARR), the annualized value of active recurring contracts, reached $495.1 million, up 27%.

GAAP operating income increased to $11.5 million from $8.1 million, but gross margin fell to 72.2% from 74.4%. Net income rose to $17.936 million from $13.017 million; diluted earnings per share increased to $0.08 from $0.06. Non-GAAP operating income declined to $22.0 million from $24.1 million.

AvePoint raised its full-year ARR outlook to $524.8 million–$528.8 million. It expects 2026 revenue of $511.3 million–$513.3 million and non-GAAP operating income of $87.5 million–$88.5 million. Nine-month operating cash flow increased to $71.6 million from $55.6 million.

18 points · 1 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 8 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.2026 ARR guidance raised to $524.8 million–$528.8 million, targeting 26% midpoint growth, including FX-adjusted growth.
• Moderate pointQ3 revenue rose 19% year over year to $131.1 million; constant-currency growth was 20%.
• Moderate pointQ3 SaaS revenue increased 26% year over year to $105.5 million, also 26% in constant currency.
• Moderate pointARR reached $495.1 million at September 30, up 27% year over year, or 25% adjusted for FX.
• Moderate point. Forward-looking: it has not happened yet and may not happen.2026 revenue guidance is $511.3 million–$513.3 million, with 22% midpoint growth, or 21% in constant currency.
• Moderate point. Forward-looking: it has not happened yet and may not happen.2026 non-GAAP operating income guidance is $87.5 million–$88.5 million.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q4 revenue guidance is $138.4 million–$140.4 million, with 22% midpoint growth, also in constant currency.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Q4 non-GAAP operating income guidance is $24.7 million–$25.7 million.
• Moderate pointQ3 GAAP operating income rose to $11.5 million from $8.1 million; margin increased to 8.7% from 7.4%.
• Moderate pointQ3 net income increased to $17.936 million from $13.017 million; diluted EPS rose to $0.08 from $0.06.
• Moderate pointNine-month operating cash flow increased to $71.6 million from $55.6 million in the prior-year period.
• Moderate pointNine-month revenue increased to $372.841 million from $304.810 million in the prior-year period.
• Moderate pointNine-month GAAP operating income increased to $34.401 million from $18.510 million a year earlier.
• Moderate pointNine-month net income increased to $60.756 million from $19.476 million; diluted EPS increased to $0.27 from $0.08.
• Moderate pointDollar-based net retention was 112%, or 111% adjusted for FX, reflecting expansion among existing customers.

3 minor points

• Minor pointQ3 GAAP gross profit increased to $94.7 million from $81.6 million a year earlier.
• Minor pointQ3 services revenue increased to $16.719 million from $13.766 million a year earlier.
• Minor pointQ3 general and administrative expenses decreased to $19.284 million from $23.925 million a year earlier.

Negative

• Moderate pointQ3 GAAP gross margin declined to 72.2% from 74.4% a year earlier.
• Moderate pointQ3 non-GAAP operating income fell to $22.0 million from $24.1 million; margin declined to 16.8% from 22.0%.
• Moderate pointQ3 sales and marketing expenses increased to $47.754 million from $35.593 million a year earlier.
• Moderate pointDollar-based gross retention was 90% on both reported and FX-adjusted bases, reflecting customer contraction or attrition.
• Moderate pointCash and equivalents declined to $410.730 million at September 30, from $481.060 million at December 31, 2025.

3 minor points

• Minor pointQ3 term license and support revenue declined to $8.896 million from $11.980 million a year earlier.
• Minor pointQ3 services cost of revenue was $17.047 million, exceeding services revenue of $16.719 million.
• Minor pointQ3 research and development expenses increased to $16.167 million from $13.936 million a year earlier.

News Explained

Third-quarter net income included a 1.1 million dollar tax benefit tied to the release of a valuation allowance on certain deferred tax assets.

In its third-quarter results, AvePoint reports $141,255 thousand of common-stock purchases during the nine months ended September 30, 2026; reported shares outstanding were 210,028 thousand on September 30, 2026, versus 215,076 thousand on December 31, 2025.

For the same nine-month period, purchases of common stock exceeded cash generated from operations: $141,255 thousand versus $71,638 thousand.

Key Figures

Total revenue: $131.1 million; up 19% year-over-year SaaS revenue: $105.5 million; up 26% year-over-year Total ARR: $495.1 million; up 27% year-over-year +5 more

Total revenue

$131.1 million; up 19% year-over-year

Third quarter 2026

SaaS revenue

$105.5 million; up 26% year-over-year

Third quarter 2026

Total ARR

$495.1 million; up 27% year-over-year

As of September 30, 2026

GAAP operating income

$11.5 million

Third quarter 2026; compared with $8.1 million in the prior-year quarter

Cash from operations

$71.6 million

Nine months ended September 30, 2026; compared with $55.6 million in the prior-year period

Full-year ARR guidance

$524.8 million to $528.8 million; 26% year-over-year growth at the midpoint

2026; company said it was raising ARR guidance

Full-year revenue guidance

$511.3 million to $513.3 million; 22% year-over-year growth at the midpoint

2026

Non-GAAP operating income guidance

$87.5 million to $88.5 million

Full year 2026

Previous Earnings Reports

5 past events · Latest: Aug 06

Same Type 5 events

1. Aug 06

   Quarterly earnings

   24h Move

   +0.0%

   Revenue rose 22% and ARR rose 27%; the company raised full-year ARR guidance.

2. May 07

   Quarterly earnings

   24h Move

   +10.5%

   Revenue grew 26%, ARR grew 26%, and full-year ARR and revenue guidance increased.

3. Feb 26

   Annual earnings

   24h Move

   +3.9%

   Full-year revenue grew 27%, ARR grew 27%, and 2026 financial guidance was provided.

4. Nov 06

   Quarterly earnings

   24h Move

   -12.7%

   Revenue grew 24% and ARR grew 26%; the company raised 2025 guidance.

5. Aug 07

   Quarterly earnings

   24h Move

   -18.1%

   Revenue grew 31% and ARR grew 27%; the company raised full-year 2025 guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

saas, gaap, non-gaap

3 terms

saas technical

"SaaS revenue was $105.5 million, up 26% from the third quarter of 2025."

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

gaap financial

"GAAP gross profit was $94.7 million"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

non-gaap financial

"Non-GAAP operating income was $22.0 million"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Third quarter SaaS revenue of $105.5 million, representing 26% year-over-year growth, 26% on a constant currency basis
Third quarter Total revenue of $131.1 million, representing 19% year-over-year growth, 20% on a constant currency basis
Total ARR of $495.1 million, representing 27% year-over-year growth, 25% adjusted for FX

JERSEY CITY, N.J., Nov. 05, 2026 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT, SGX: AVP), the AI Trust Company, today announced financial results for the third quarter ended September 30, 2026. 

“Q3 was another strong quarter for AvePoint, as broad-based customer demand drove record net new ARR and an acceleration in total ARR growth for the second straight quarter, as well as further GAAP operating margin expansion,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “Our efficient execution and robust cash generation enable us to strategically invest in the largest market opportunity in our company’s history: AI trust. As organizations accelerate AI adoption, our platform-neutral approach, deep expertise in data security and governance, and comprehensive agent lifecycle management capabilities provide a distinct competitive advantage. And with the announcement of the AvePoint Trust Platform, we are extending governance beyond data and agents to the models, MCP servers, and AI skills that enterprises are deploying faster than they can govern, across every platform they run on. We are excited for a strong close to 2026.”

Third Quarter 2026 Financial Highlights

• Revenue: Total revenue was $131.1 million, up 19% from the third quarter of 2025. Within total revenue, SaaS revenue was $105.5 million, up 26% from the third quarter of 2025.
  
  
• Gross Profit: GAAP gross profit was $94.7 million, compared to $81.6 million for the third quarter of 2025. GAAP gross margin was 72.2%, compared to 74.4% for the third quarter of 2025. Non-GAAP gross profit was $95.4 million, compared to $82.4 million for the third quarter of 2025. Non-GAAP gross margin was 72.8%, compared to 75.1% for the third quarter of 2025.
  
  
• Operating Income: GAAP operating income was $11.5 million, compared to $8.1 million for the third quarter of 2025. GAAP operating margin was 8.7%, compared to 7.4% for the third quarter of 2025. Non-GAAP operating income was $22.0 million, compared to $24.1 million for the third quarter of 2025. Non-GAAP operating margin was 16.8%, compared to 22.0% for the third quarter of 2025.
  
  
• Cash, cash equivalents and short-term investments: $418.3 million as of September 30, 2026.
  
  
• Cash from operations: For the nine months ended September 30, 2026, the Company generated $71.6 million of cash from operations, compared to $55.6 million in the prior year period.
  
  

Third Quarter 2026 Key Performance Indicators and Recent Business Highlights

• ARR as of September 30, 2026 was $495.1 million, up 27% year-over-year. Adjusted for FX, ARR grew 25%.
  
  
• Dollar-based gross retention rate was 90% on a reported and FX-adjusted basis, while dollar-based net retention rate was 112% on a reported basis and 111% when adjusted for FX.
  
  
• The Company announced Kinetic Classification for continuous AI-driven data classification and Rapid Recovery for priority-based data restoration.
  
  
• Announced the AvePoint Trust Platform, which makes data AI-ready, governs every agent across its lifecycle, and keeps the business resilient when AI gets it wrong – independent of any single cloud, model, or AI provider. The Trust Platform also includes new AI Governance, Security, and Cost Optimization capabilities and broadens observability to Anthropic Claude and MCP servers.
  
  
• Included in the 2026 Gartner® Magic Quadrant™ for AI Agent Management Platforms, the first report of its kind in this rapidly evolving category.
  
  
• Added to the S&P SmallCap 600 Index, which tracks small-capitalization U.S. public companies that meet liquidity and GAAP profitability criteria.
  
  
• Announced the hiring of Ali Rohani as Chief Strategy and Customer Officer to deepen customer value and accelerate growth as enterprises scale AI with trust.
  
  

Financial Outlook

The Company is again raising its full-year guidance for annual recurring revenue, and the Company’s updated full-year guidance for revenue and non-GAAP operating income includes the respective third quarter outperformance relative to guidance. Additionally, the Company’s updated financial guidance reflects the current expected impact from the fluctuation in foreign exchange rates for all metrics.

For the fourth quarter of 2026, the Company expects:

• Total revenues of $138.4 million to $140.4 million, or year-over-year growth of 22% at the midpoint. On a constant currency basis, the Company expects revenue growth of 22% at the midpoint.
  
  
• Non-GAAP operating income of $24.7 million to $25.7 million.
  
  

For the full year 2026, the Company now expects:

• Total ARR of $524.8 million to $528.8 million, or year-over-year growth of 26% at the midpoint. Adjusted for FX, the Company continues to expect ARR growth of 26% at the midpoint.
  
  
• Total revenues of $511.3 million to $513.3 million, or year-over-year growth of 22% at the midpoint. On a constant currency basis, the Company continues to expect revenue growth of 21% at the midpoint.
  
  
• Non-GAAP operating income of $87.5 million to $88.5 million.
  
  

Quarterly Conference Call

AvePoint will host a conference call today, November 05, 2026, to review its third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 4:30pm ET. You may access the call and register with a live operator by dialing 1 (833) 816-1428 for US participants and 1 (412) 317-0520 for outside the US. The passcode for the call is 8422216. Investors can also join the webcast here. The webcast will be available live, and a replay will be available following the completion of the live broadcast for approximately 90 days.

About AvePoint

AvePoint is the AI Trust Company. AvePoint helps more than 28,000 organizations and 6,000 channel partners govern, secure and scale AI with trust: making data AI-ready, governing every agent across its lifecycle, and keeping the business resilient across every cloud they run on. To learn more, visit www.avepoint.com.

Non-GAAP Financial Measures and Other Key Metrics

To supplement AvePoint’s consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (including percentage of revenue figures), non-GAAP operating income and non-GAAP operating margin, and key metrics include annual recurring revenue, dollar-based gross retention rate, and dollar-based net retention rate. The Company has included a reconciliation of GAAP to non-GAAP financial measures at the end of this press release. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, the amortization of acquired intangible assets and expenses related to the secondary listing on the SGX-ST and the Company’s decision to discontinue its participation in a growth equity fund. The Company believes the presentation of its non-GAAP financial measures provides a better representation as to its overall operating performance. The presentation of AvePoint’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for its financial results prepared in accordance with GAAP, and AvePoint’s non-GAAP measures may be different from non-GAAP measures used by other companies.

Annual Recurring Revenue. This metric is calculated as the annualized sum of contractually obligated Annual Contract Value (“ACV”) from SaaS and term license and support revenue sources from all active customers at the end of a reporting period. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or replace these items. ARR is not a forecast of future revenue, and the active contracts used in calculating ARR may or may not be extended or renewed by our customers. The Company believes this metric further enables measurement of its business performance, is an important metric for financial forecasting and better enables strategic decision making. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.

Dollar-based Gross Retention Rate. This metric is calculated by starting with the ARR from all active customers as of 12 months prior to such period end, or Prior Period ARR. The Company then calculates ARR from these same customers as of the current period end, or Current Period ARR. Current Period ARR includes net contraction or attrition over the last 12 months but excludes ARR from new customers in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based gross retention rate. The Company uses this metric as a measure of its ability to retain existing customers, and believes it is useful to investors for the same reason. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.

Dollar-based Net Retention Rate. This metric is calculated by starting with the ARR from all active customers as of 12 months prior to such period end, or Prior Period ARR. The Company then calculates ARR from these same customers as of the current period end, or Current Period ARR. Current Period ARR includes net expansion over the last 12 months but excludes ARR from new customers in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate. The Company uses this metric as a measure of its ability to expand business with existing customers, and believes it is useful to investors for the same reason. Because this metric does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the Company does not consider it a non-GAAP measure.

Guidance for non-GAAP financial measures excludes, as applicable, share-based compensation expense and the amortization of intangible assets related to acquisitions. A reconciliation of the guidance for non-GAAP financial measures to the corresponding GAAP measures is not available on a forward-looking basis due to the uncertainty regarding, and the potential variability and significance of, the amounts of share-based compensation expense and amortization of intangible assets related to acquisitions that are excluded from the guidance, as well as changes in interest rates and foreign exchange rates, which impact other GAAP performance metrics. Accordingly, a reconciliation of the non-GAAP financial measures guidance to the corresponding GAAP measures for future periods is not available without unreasonable effort.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K. Copies of this and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

Disclosure Information
AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Investor Contact
AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654

Media Contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143

AvePoint, Inc. Condensed Consolidated Statements of Income (In thousands, except per share amounts) (Unaudited)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2026				2025				2026				2025
Revenue:
SaaS	$	105,489			$	83,982			$	297,382			$	230,241
Term license and support		8,896				11,980				28,460				35,380
Services		16,719				13,766				46,999				39,189
Total revenue		131,104				109,728				372,841				304,810
Cost of revenue:
SaaS		19,057				14,596				53,579				41,156
Term license and support		345				294				1,014				1,394
Services		17,047				13,255				47,218				35,973
Total cost of revenue		36,449				28,145				101,811				78,523
Gross profit		94,655				81,583				271,030				226,287
Operating expenses:
Sales and marketing		47,754				35,593				135,306				105,888
General and administrative		19,284				23,925				54,833				62,304
Research and development		16,167				13,936				46,490				39,585
Total operating expenses		83,205				73,454				236,629				207,777
Income from operations		11,450				8,129				34,401				18,510
Other income, net		3,920				4,678				9,517				6,024
Income before income taxes		15,370				12,807				43,918				24,534
Income tax (benefit) expense		(2,566	) (1)			(210	)			(16,838	)(1)			5,058
Net income	$	17,936			$	13,017			$	60,756			$	19,476
Net income attributable to noncontrolling interest		—				—				—				321
Net income available to common stockholders	$	17,936			$	13,017			$	60,756			$	19,155
Net income per share:
Basic	$	0.09			$	0.06			$	0.29			$	0.09
Diluted	$	0.08			$	0.06			$	0.27			$	0.08
Weighted average shares outstanding:
Basic		210,510				212,001				211,317				205,049
Diluted		221,993				232,897				223,485				228,985

(1) Includes an income tax benefit of $1.1 million and $21.0 million for the three and nine months ended September 30, 2026, respectively, related to the release of a previously recorded valuation allowance on certain deferred tax assets.

AvePoint, Inc. Condensed Consolidated Balance Sheets (In thousands, except par value) (Unaudited)
	September 30,				December 31,
	2026				2025
Assets
Current assets:
Cash and cash equivalents	$	410,730			$	481,060
Accounts receivable, net		109,371				124,526
Prepaid expenses and other current assets		28,964				19,726
Total current assets		549,065				625,312
Property and equipment, net		7,350				6,020
Goodwill		37,192				37,986
Intangible assets, net		10,912				12,052
Operating lease right-of-use assets		28,835				16,824
Deferred contract costs		77,650				71,257
Other assets		51,390				19,730
Total assets	$	762,394			$	789,181
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	3,730			$	3,805
Accrued expenses and other current liabilities		81,606				84,191
Current portion of deferred revenue		197,502				185,696
Total current liabilities		282,838				273,692
Long-term operating lease liabilities		18,143				9,949
Long-term portion of deferred revenue		16,074				15,260
Other liabilities		8,985				11,581
Total liabilities		326,040				310,482
Commitments and contingencies
Stockholders’ equity
Common stock, $0.0001 par value; 1,000,000 shares authorized, 210,028 and 215,076 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively		21				22
Additional paid-in capital		962,954				980,389
Accumulated other comprehensive income		6,987				8,366
Accumulated deficit		(533,608	)			(510,078	)
Total stockholders’ equity		436,354				478,699
Total liabilities and stockholders’ equity	$	762,394			$	789,181

AvePoint, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited)
	Nine Months Ended
	September 30,
	2026				2025
Operating activities
Net income	$	60,756			$	19,476
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		5,151				4,642
Operating lease right-of-use assets expense		7,749				6,400
Foreign currency remeasurement (gain) loss		(2,174	)			4,302
Stock-based compensation		26,921				31,441
Deferred income taxes		(27,078	)			(3,617	)
Allowance for credit loss on notes receivables		—				4,037
Other		789				78
Change in value of warrant liabilities		—				(408	)
Changes in operating assets and liabilities:
Accounts receivable		14,270				2,210
Prepaid expenses and other current assets		(1,986	)			(972	)
Deferred contract costs and other assets		(11,623	)			(8,616	)
Accounts payable, accrued expenses and other current liabilities, and other liabilities		(7,775	)			(9,582	)
Operating lease liabilities		(7,412	)			(6,585	)
Deferred revenue		14,050				12,792
Net cash provided by operating activities		71,638				55,598
Investing activities
Maturities of investments		185				140
Purchases of investments		(7,409	)			(140	)
Capitalization of internal-use software		(1,572	)			(1,162	)
Purchase of property and equipment		(3,964	)			(2,986	)
Cash paid in business combinations, net of cash acquired		—				(14,893	)
Net cash used in investing activities		(12,760	)			(19,041	)
Financing activities
Purchase of common stock		(141,255	)			(27,309	)
Proceeds from warrant exercises		—				168,189
Proceeds from stock option exercises		13,189				8,519
Funds held on behalf of others		—				6,064
Repurchase of noncontrolling interest		(1,843	)			(12,148	)
Other financing activities		(5	)			(7	)
Net cash (used in) provided by financing activities		(129,914	)			143,308
Effect of exchange rates on cash		706				1,040
Net (decrease) increase in cash and cash equivalents		(70,330	)			180,905
Cash and cash equivalents at beginning of period		481,060				290,735
Cash and cash equivalents at end of period	$	410,730			$	471,640
Supplemental disclosures of cash flow information
Income taxes paid	$	12,939			$	4,700
Unpaid purchase consideration transferred in connection with the business combination	$	—			$	5,499

AvePoint, Inc. Non-GAAP Reconciliations (In thousands) (Unaudited)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2026				2025				2026				2025
Non-GAAP operating income
GAAP operating income	$	11,450			$	8,129			$	34,401			$	18,510
GAAP operating margin		8.7	%			7.4	%			9.2	%			6.1	%
Stock-based compensation expense		10,079				10,678				26,921				31,441
Amortization of acquired intangible assets		474				477				1,435				1,489
Secondary listing costs		—				2,941				—				2,941
Discontinuation of growth equity fund		—				1,917				—				1,917
Non-GAAP operating income	$	22,003			$	24,142			$	62,757			$	56,298
Non-GAAP operating margin		16.8	%			22.0	%			16.8	%			18.5	%
Non-GAAP gross profit
GAAP gross profit	$	94,655			$	81,583			$	271,030			$	226,287
GAAP gross margin		72.2	%			74.4	%			72.7	%			74.2	%
Stock-based compensation expense		429				409				1,146				1,150
Amortization of acquired intangible assets		339				360				1,026				1,092
Non-GAAP gross profit	$	95,423			$	82,352			$	273,202			$	228,529
Non-GAAP gross margin		72.8	%			75.1	%			73.3	%			75.0	%
Non-GAAP sales and marketing
GAAP sales and marketing	$	47,754			$	35,593			$	135,306			$	105,888
Stock-based compensation expense		(3,402	)			(2,679	)			(8,869	)			(7,847	)
Amortization of acquired intangible assets		(135	)			(117	)			(409	)			(397	)
Non-GAAP sales and marketing	$	44,217			$	32,797			$	126,028			$	97,644
Non-GAAP sales and marketing as a % of revenue		33.7	%			29.9	%			33.8	%			32.0	%
Non-GAAP general and administrative
GAAP general and administrative	$	19,284			$	23,925			$	54,833			$	62,304
Stock-based compensation expense		(4,332	)			(5,515	)			(11,613	)			(15,849	)
Secondary listing costs		—				(2,941	)			—				(2,941	)
Discontinuation of growth equity fund		—				(1,917	)			—				(1,917	)
Non-GAAP general and administrative	$	14,952			$	13,552			$	43,220			$	41,597
Non-GAAP general and administrative as a % of revenue		11.4	%			12.4	%			11.6	%			13.6	%
Non-GAAP research and development
GAAP research and development	$	16,167			$	13,936			$	46,490			$	39,585
Stock-based compensation expense		(1,916	)			(2,075	)			(5,293	)			(6,595	)
Non-GAAP research and development	$	14,251			$	11,861			$	41,197			$	32,990
Non-GAAP research and development as a % of revenue		10.9	%			10.8	%			11.0	%			10.8	%

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were AvePoint's third-quarter 2026 revenue and earnings?

AvePoint reported $131.1 million in revenue, up 19% year over year, and net income of $17.936 million. Diluted earnings per share were $0.08, compared with $0.06 in the third quarter of 2025.

What is AvePoint's updated full-year 2026 outlook?

AvePoint expects ARR of $524.8 million–$528.8 million, revenue of $511.3 million–$513.3 million, and non-GAAP operating income of $87.5 million–$88.5 million. The company raised its ARR outlook again and updated revenue and operating income guidance to include third-quarter outperformance relative to guidance.

How did tax benefits affect AvePoint's 2026 results?

AvePoint's results included tax benefits of $1.1 million for the third quarter and $21.0 million for the first nine months related to releasing a previously recorded valuation allowance on certain deferred tax assets. Total income tax benefits were $2.566 million and $16.838 million for those respective periods.