AvePoint Q2 revenue jumps on AI-led demand
AVPT•Outlook
- AvePoint sees Q3 revenue of $128.2 mln to $130.2 mln
- Company raises full-year ARR guidance to $522.1 mln to $528.1 mln
- AvePoint expects 2026 revenue of $508.5 mln to $512.5 mln
Overview
- US AI trust platform provider's Q2 revenue grew 22% yr/yr, SaaS revenue up 27%
- Company Q2 ARR rose 27% yr/yr to $465.1 mln
- AvePoint raised full-year guidance for ARR and revenue
Company press release: ID:nGNX792yzL
Result drivers
- AI trust demand - Co said growing demand for trusted AI solutions drove topline growth and record net new ARR
- Platform advancements - Co cited new advancements to the AvePoint Confidence Platform as supporting momentum and extending governance and security to agentic AI and multicloud infrastructure
- Customer expansion - Dollar-based net retention rate remained above 110%, indicating expansion within existing customer accounts
