AvePoint Reports 35% SaaS Growth to $93.4M, Raises ARR Guidance
AVPT•AvePoint's Q1 SaaS revenue rose 35% year-over-year to $93.4M while total revenue climbed 26% to $117.2M, driving GAAP operating margin up to 10.9%. The company reported ARR of $435.2M and boosted full-year ARR guidance to $523.4M–$529.4M.
1. Q1 2026 Financial Performance
AvePoint delivered total revenue of $117.2 million in Q1, up 26% year-over-year, led by SaaS revenue of $93.4 million, a 35% increase. Total ARR reached $435.2 million, marking 26% growth on a reported basis and 23% adjusted for foreign exchange.
2. Profitability and Cash Generation
GAAP operating income rose to $12.7 million with a 10.9% margin, up from 3.5% in the prior year, while non-GAAP operating income improved to $20.5 million (17.5% margin). Cash and cash equivalents stood at $444.1 million, and cash from operations surged to $24.3 million versus $0.5 million last year.
3. Outlook and Capital Allocation
The company raised full-year guidance for ARR to $523.4 million–$529.4 million and revenue to $509.4 million–$515.4 million. Management also renewed its share repurchase program, authorizing up to $150 million in buybacks over the next three years.
