--- title: "AvePoint | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 117.24 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285609511.md" datetime: "2026-05-07T20:15:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285609511.md) - [en](https://longbridge.com/en/news/285609511.md) - [zh-HK](https://longbridge.com/zh-HK/news/285609511.md) --- # AvePoint | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 117.24 M Revenue: As of FY2026 Q1, the actual value is USD 117.24 M, beating the estimate of USD 116.15 M. EPS: As of FY2026 Q1, the actual value is USD 0.07, beating the estimate of USD 0.0425. ### Financial Results for the First Quarter Ended March 31, 2026 #### Revenue - Total Revenue was $117.2 million, representing a 26% year-over-year growth from $93.064 million in the first quarter of 2025. On a constant currency basis, total revenue grew 20%. - SaaS Revenue was $93.4 million, representing a 35% year-over-year growth from $68.942 million in the first quarter of 2025. On a constant currency basis, SaaS revenue grew 29%. - Term license and support revenue was $9.319 million for the first quarter of 2026, compared to $13.185 million for the first quarter of 2025. - Services revenue was $14.541 million for the first quarter of 2026, compared to $10.937 million for the first quarter of 2025. #### Gross Profit and Margin - GAAP Gross Profit was $85.4 million for the first quarter of 2026, compared to $69.2 million for the first quarter of 2025. - GAAP Gross Margin was 72.8% for the first quarter of 2026, compared to 74.3% for the first quarter of 2025. - Non-GAAP Gross Profit was $86.1 million for the first quarter of 2026, compared to $69.8 million for the first quarter of 2025. - Non-GAAP Gross Margin was 73.4% for the first quarter of 2026, compared to 75.0% for the first quarter of 2025. #### Operating Income and Margin - GAAP Operating Income was $12.7 million for the first quarter of 2026, compared to $3.3 million for the first quarter of 2025. - GAAP Operating Margin was 10.9% for the first quarter of 2026, compared to 3.5% for the first quarter of 2025. - Non-GAAP Operating Income was $20.5 million for the first quarter of 2026, compared to $13.4 million for the first quarter of 2025. - Non-GAAP Operating Margin was 17.5% for the first quarter of 2026, compared to 14.4% for the first quarter of 2025. #### Operating Expenses - Sales and marketing expenses were $42.010 million for the first quarter of 2026, compared to $34.522 million for the first quarter of 2025. - General and administrative expenses were $16.872 million for the first quarter of 2026, compared to $18.667 million for the first quarter of 2025. - Research and development expenses were $13.760 million for the first quarter of 2026, compared to $12.689 million for the first quarter of 2025. - Total operating expenses were $72.642 million for the first quarter of 2026, compared to $65.878 million for the first quarter of 2025. #### Cash Flow and Cash Position - Cash and Cash Equivalents were $444.1 million as of March 31, 2026. - AvePoint, Inc. generated $24.3 million of cash from operations for the three months ended March 31, 2026, compared to $0.5 million in the prior year period. #### Unique Metrics - Total Annual Recurring Revenue (ARR) was $435.2 million as of March 31, 2026, representing a 26% year-over-year growth (23% adjusted for FX). - Dollar-based Gross Retention Rate was 89% on both a reported and FX-adjusted basis. - Dollar-based Net Retention Rate was 111% on a reported basis and 110% when adjusted for FX. #### Financial Outlook AvePoint, Inc. is raising its full-year guidance for annual recurring revenue, and the updated full-year guidance for revenue and non-GAAP operating income includes the first quarter outperformance relative to guidance. However, the updated guidance also reflects an expected headwind from foreign exchange rate fluctuations, which more than offset the raise in ARR and the first quarter outperformance for revenue and non-GAAP operating income. **Second Quarter 2026 Expectations:** Total Revenues are expected to be $120.3 million to $122.3 million, representing year-over-year growth of 19% at the midpoint (18% on a constant currency basis). Non-GAAP Operating Income is expected to be $18.7 million to $19.7 million. **Full Year 2026 Expectations:** Total ARR is expected to be $523.4 million to $529.4 million, representing year-over-year growth of 26% at the midpoint (26% adjusted for FX). Total Revenues are expected to be $509.4 million to $515.4 million, representing year-over-year growth of 22% at the midpoint (20% on a constant currency basis). Non-GAAP Operating Income is expected to be $91.5 million to $94.5 million. ### Related Stocks - [AVPT.US](https://longbridge.com/en/quote/AVPT.US.md) ## Related News & Research - [AvePoint Talks Agentic AI “Trust Layer” at Morgan Stanley TMT, Highlights 27% ARR Growth](https://longbridge.com/en/news/277910383.md) - [AvePoint (NASDAQ:AVPT) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS](https://longbridge.com/en/news/285785776.md) - [AvePoint Q1 revenue rises 26%, SaaS up 35%](https://longbridge.com/en/news/285622372.md) - [AvePoint Annual Meeting: Directors Elected, Say-on-Pay Approved, Deloitte Ratified as Auditor](https://longbridge.com/en/news/285426320.md) - [Why AvePoint (AVPT) Is Up 5.8% After Q1 2026 Beat And Confidence Platform Upgrades](https://longbridge.com/en/news/285703600.md)