AvePoint Announces Second Quarter 2026 Financial Results

AvePoint Announces Second Quarter 2026 Financial Results AvePoint Announces Second Quarter 2026 Financial Results GlobeNewswire August 06, 2026

Second quarter SaaS revenue of $98.5 million, representing 27% year-over-year growth, 26% on a constant currency basis
Second quarter Total revenue of $124.5 million, representing 22% year-over-year growth, 21% on a constant currency basis
Total ARR of $465.1 million, representing 27% year-over-year growth, 24% adjusted for FX

JERSEY CITY, N.J., Aug. 06, 2026 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT, SGX: AVP), the unifying Trust Layer for AI, today announced financial results for the second quarter ended June 30, 2026. 

“Our excellent second quarter results reflect the growing demand for trusted AI, as we accelerated topline growth, outperformed all guided metrics, and delivered record net new ARR,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “As organizations rapidly integrate and rely on agentic AI, their need for visibility, governance, and security — for trust in this technology — has only intensified. Because trust is the foundational layer of enterprise AI, AvePoint is uniquely positioned to help organizations deploy intelligent systems with confidence, maximizing business value while minimizing risk. Our continued momentum underscores the strength of our platform and strategy as we capture the significant opportunity ahead.”

Second Quarter 2026 Financial Highlights

Second Quarter 2026 Key Performance Indicators and Recent Business Highlights

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 second quarter outperformance relative to guidance. Second, the Company is increasing its expense plans for the second half of the year, given the rapidly growing market opportunity and demand for its platform and services. Lastly, the Company’s updated financial guidance reflects the current expected headwind from the fluctuation in foreign exchange rates for all metrics, which more than offset the raise in ARR and the second quarter outperformance for revenue and non-GAAP operating income.

For the third quarter of 2026, the Company expects:

For the full year 2026, the Company now expects:

Quarterly Conference Call

AvePoint will host a conference call today, August 06, 2026, to review its second 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 2808027. 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 unifying Trust Layer for AI. AvePoint enables more than 28,000 organizations and 6,000 channel partners to protect, secure, and govern their entire AI estate across data, infrastructure, AI and agents for Microsoft, Google, Salesforce, and other leading cloud environments — so that enterprises can deploy AI with confidence and scale innovation without scaling risk. 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  Six Months Ended 
 June 30,  June 30, 
 2026  2025  2026  2025 
Revenue:               
SaaS$98,511  $77,317  $191,893  $146,259 
Term license and support 10,245   10,215   19,564   23,400 
Services 15,739   14,486   30,280   25,423 
Total revenue 124,495   102,018   241,737   195,082 
Cost of revenue:               
SaaS 17,760   14,023   34,522   26,560 
Term license and support 388   536   669   1,100 
Services 15,341   11,920   30,171   22,718 
Total cost of revenue 33,489   26,479   65,362   50,378 
Gross profit 91,006   75,539   176,375   144,704 
Operating expenses:               
Sales and marketing 45,542   35,773   87,552   70,295 
General and administrative 18,677   19,712   35,549   38,379 
Research and development 16,563   12,960   30,323   25,649 
Total operating expenses 80,782   68,445   153,424   134,323 
Income from operations 10,224   7,094   22,951   10,381 
Other income (loss), net 1,787   (240)  5,597   1,346 
Income before income taxes 12,011   6,854   28,548   11,727 
Income tax (benefit) expense (15,559)(1)  3,961   (14,272)(1)  5,268 
Net income$27,570  $2,893  $42,820  $6,459 
Net income attributable to noncontrolling interest —   195   —   321 
Net income available to common stockholders$27,570  $2,698  $42,820  $6,138 
Net income per share:               
Basic$0.13  $0.01  $0.20  $0.03 
Diluted$0.12  $0.01  $0.19  $0.03 
Weighted average shares outstanding:               
Basic 210,204   205,068   211,727   201,516 
Diluted 220,856   229,179   223,517   226,951 

(1)  Includes an income tax benefit of $19.9 million 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)
      
 June 30,  December 31, 
 2026  2025 
Assets       
Current assets:       
Cash and cash equivalents$417,250  $481,060 
Accounts receivable, net 116,993   124,526 
Prepaid expenses and other current assets 23,249   19,726 
Total current assets 557,492   625,312 
Property and equipment, net 6,795   6,020 
Goodwill 36,779   37,986 
Intangible assets, net 11,113   12,052 
Operating lease right-of-use assets 26,154   16,824 
Deferred contract costs 74,305   71,257 
Other assets 44,365   19,730 
Total assets$757,003  $789,181 
Liabilities and stockholders’ equity       
Current liabilities:       
Accounts payable$3,313  $3,805 
Accrued expenses and other current liabilities 77,518   84,191 
Current portion of deferred revenue 198,096   185,696 
Total current liabilities 278,927   273,692 
Long-term operating lease liabilities 16,310   9,949 
Long-term portion of deferred revenue 14,975   15,260 
Other liabilities 9,917   11,581 
Total liabilities 320,129   310,482 
Commitments and contingencies       
Stockholders’ equity       
Common stock, $0.0001 par value; 1,000,000 shares authorized, 211,431 and 215,076 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 21   22 
Additional paid-in capital 962,907   980,389 
Accumulated other comprehensive income 5,676   8,366 
Accumulated deficit (531,730)  (510,078)
Total stockholders’ equity 436,874   478,699 
Total liabilities and stockholders’ equity$757,003  $789,181 



AvePoint, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
   
 Six Months Ended 
 June 30, 
 2026  2025 
Operating activities       
Net income$42,820  $6,459 
Adjustments to reconcile net income to net cash provided by operating activities:       
Depreciation and amortization 3,373   3,126 
Operating lease right-of-use assets expense 4,763   4,301 
Foreign currency remeasurement (gain) loss (1,556)  4,053 
Stock-based compensation 16,842   20,763 
Deferred income taxes (20,171)  (155)
Other 2,007   1,091 
Change in value of warrant liabilities —   (408)
Changes in operating assets and liabilities:       
Accounts receivable 5,957   285 
Prepaid expenses and other current assets (3,639)  2,591 
Deferred contract costs and other assets (8,597)  (5,438)
Accounts payable, accrued expenses and other current liabilities, and other liabilities (11,617)  (19,730)
Operating lease liabilities (4,685)  (4,142)
Deferred revenue 14,705   7,969 
Net cash provided by operating activities 40,202   20,765 
Investing activities       
Maturities of investments 145   — 
Purchases of investments (128)  — 
Capitalization of internal-use software (965)  (812)
Purchase of property and equipment (2,484)  (2,479)
Cash paid in business combinations, net of cash acquired —   (14,893)
Net cash used in investing activities (3,432)  (18,184)
Financing activities       
Purchase of common stock (110,325)  (18,954)
Proceeds from warrant exercises —   157,723 
Proceeds from stock option exercises 12,485   8,029 
Repurchase of noncontrolling interest (1,843)  (12,148)
Other financing activities (3)  (4)
Net cash (used in) provided by financing activities (99,686)  134,646 
Effect of exchange rates on cash (894)  1,854 
Net (decrease) increase in cash and cash equivalents (63,810)  139,081 
Cash and cash equivalents at beginning of period 481,060   290,735 
Cash and cash equivalents at end of period$417,250  $429,816 
Supplemental disclosures of cash flow information       
Income taxes paid$8,614  $2,411 
Unpaid purchase consideration transferred in connection with the business combination$—  $5,499 
Unpaid purchase of common stock$561  $— 
Receivable proceeds from warrant exercises$—  $1,747 



AvePoint, Inc.
Non-GAAP Reconciliations
(In thousands)
(Unaudited)
      
 Three Months Ended  Six Months Ended 
 June 30,  June 30, 
 2026  2025  2026  2025 
Non-GAAP operating income               
GAAP operating income$10,224  $7,094  $22,951  $10,381 
GAAP operating margin 8.2%  7.0%  9.5%  5.3%
Stock-based compensation expense 9,572   11,143   16,842   20,763 
Amortization of acquired intangible assets 479   546   961   1,012 
Non-GAAP operating income$20,275  $18,783  $40,754  $32,156 
Non-GAAP operating margin 16.3%  18.4%  16.9%  16.5%
                
                
                
Non-GAAP gross profit               
GAAP gross profit$91,006  $75,539  $176,375  $144,704 
GAAP gross margin 73.1%  74.0%  73.0%  74.2%
Stock-based compensation expense 380   399   717   741 
Amortization of acquired intangible assets 342   399   687   732 
Non-GAAP gross profit$91,728  $76,337  $177,779  $146,177 
Non-GAAP gross margin 73.7%  74.8%  73.5%  74.9%
                
Non-GAAP sales and marketing               
GAAP sales and marketing$45,542  $35,773  $87,552  $70,295 
Stock-based compensation expense (3,152)  (2,842)  (5,467)  (5,168)
Amortization of acquired intangible assets (137)  (147)  (274)  (280)
Non-GAAP sales and marketing$42,253  $32,784  $81,811  $64,847 
Non-GAAP sales and marketing as a % of revenue 33.9%  32.1%  33.8%  33.2%
                
Non-GAAP general and administrative               
GAAP general and administrative$18,677  $19,712  $35,549  $38,379 
Stock-based compensation expense (4,276)  (5,580)  (7,281)  (10,334)
Non-GAAP general and administrative$14,401  $14,132  $28,268  $28,045 
Non-GAAP general and administrative as a % of revenue 11.6%  13.9%  11.7%  14.4%
                
Non-GAAP research and development               
GAAP research and development$16,563  $12,960  $30,323  $25,649 
Stock-based compensation expense (1,764)  (2,322)  (3,377)  (4,520)
Non-GAAP research and development$14,799  $10,638  $26,946  $21,129 
Non-GAAP research and development as a % of revenue 11.9%  10.4%  11.1%  10.8%



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