AvePoint | 8-K: FY2026 Q3 Revenue: USD 131.1 M

Revenue: As of FY2026 Q3, the actual value is USD 131.1 M, compared to the market estimate of USD 129.36 M.

EPS: As of FY2026 Q3, the actual value is USD 0.08, compared to the market estimate of USD 0.065.

EBIT: As of FY2026 Q3, the actual value is USD 15.37 M.

Financial Highlights for Q3 2026

Revenue

Total Revenue: AvePoint, Inc. reported $131.1 million, marking a 19% year-over-year growth (20% on a constant currency basis) compared to $109.7 million in the third quarter of 2025.
SaaS Revenue: $105.5 million, reflecting a 26% year-over-year growth (26% on a constant currency basis) from $83.9 million in the third quarter of 2025.
Term license and support revenue: $8,896 thousand, down from $11,980 thousand in the third quarter of 2025.
Services revenue: $16,719 thousand, an increase from $13,766 thousand in the third quarter of 2025.

Gross Profit and Margin

GAAP Gross Profit: $94.7 million, compared to $81.6 million for the third quarter of 2025.
GAAP Gross Margin: 72.2%, a decrease from 74.4% for the third quarter of 2025.
Non-GAAP Gross Profit: $95.4 million, compared to $82.4 million for the third quarter of 2025.
Non-GAAP Gross Margin: 72.8%, down from 75.1% for the third quarter of 2025.

Operating Income and Margin

GAAP Operating Income: $11.5 million, compared to $8.1 million for the third quarter of 2025.
GAAP Operating Margin: 8.7%, an increase from 7.4% for the third quarter of 2025.
Non-GAAP Operating Income: $22.0 million, compared to $24.1 million for the third quarter of 2025.
Non-GAAP Operating Margin: 16.8%, a decrease from 22.0% for the third quarter of 2025.

Operating Expenses

Sales and marketing: $47,754 thousand, up from $35,593 thousand for the third quarter of 2025.
General and administrative: $19,284 thousand, down from $23,925 thousand for the third quarter of 2025.
Research and development: $16,167 thousand, up from $13,936 thousand for the third quarter of 2025.
Total operating expenses: $83,205 thousand, up from $73,454 thousand for the third quarter of 2025.

Cash Flow and Cash Position

Cash, cash equivalents and short-term investments: AvePoint, Inc. held $418.3 million as of September 30, 2026.
Net cash provided by operating activities: For the nine months ended September 30, 2026, the company generated $71.6 million, compared to $55.6 million in the prior year period.
Net cash used in investing activities: For the nine months ended September 30, 2026, -$12,760 thousand, compared to -$19,041 thousand in the prior year period.
Net cash used in financing activities: For the nine months ended September 30, 2026, -$129,914 thousand, compared to $143,308 thousand in the prior year period.
Cash and cash equivalents at end of period: $410,730 thousand as of September 30, 2026, compared to $471,640 thousand as of September 30, 2025.

Key Performance Indicators

Total ARR: $495.1 million as of September 30, 2026, representing a 27% year-over-year growth (25% adjusted for FX).
Dollar-based gross retention rate: 90% on both reported and FX-adjusted bases.
Dollar-based net retention rate: 112% on a reported basis and 111% when adjusted for FX.

Financial Outlook

AvePoint, Inc. is raising its full-year guidance for annual recurring revenue and updating its guidance for total revenue and non-GAAP operating income. For the fourth quarter of 2026, the company projects total revenues between $138.4 million and $140.4 million, with non-GAAP operating income ranging from $24.7 million to $25.7 million. The full-year 2026 guidance forecasts total ARR of $524.8 million to $528.8 million, total revenues of $511.3 million to $513.3 million, and non-GAAP operating income between $87.5 million and $88.5 million.

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