AvePoint Q3 revenue rises 19% on ARR demand
AVPT•AvePoint's third-quarter revenue rose 19% year over year, while SaaS revenue increased 26% and annual recurring revenue (ARR) climbed 27% to $495.1 million. The company raised its full-year 2026 ARR outlook to $524.8 million-$528.8 million.
1. Quarterly results
AvePoint reported third-quarter ARR of $495.1 million, up 27% year over year, and revenue growth of 19%; SaaS revenue rose 26%. Non-GAAP operating income declined from the prior year. The company reported operating income of $11.45 million and net income of $17.94 million.
2. Raised outlook
AvePoint raised its full-year 2026 ARR guidance to $524.8 million-$528.8 million. It expects fourth-quarter revenue of $138.4 million-$140.4 million and non-GAAP operating income of $24.7 million-$25.7 million. For full-year 2026, it sees revenue of $511.3 million-$513.3 million and non-GAAP operating income of $87.5 million-$88.5 million.
3. Demand and products
The company said broad-based customer demand drove record net new ARR and accelerated total ARR growth. It said its AvePoint Trust Platform launch expanded governance and security offerings for AI deployments, and announced new AI-driven data classification and recovery features during the quarter.
