<span item_type="fundamental" item_id="48876ca1b848536cc5841b59cfe7b599" counter_id="ST/US/AVPT" env="prod"></span><span item_type="announcement" item_id="645837991701119233" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 117.24 M, beating the estimate of USD 116.15 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.07, beating the estimate of USD 0.0425.</p><p></p><h3>Financial Results for the First Quarter Ended March 31, 2026</h3><h4>Revenue</h4><ul><li>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%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Services revenue was $14.541 million for the first quarter of 2026, compared to $10.937 million for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Gross Profit and Margin</h4><ul><li>GAAP Gross Profit was $85.4 million for the first quarter of 2026, compared to $69.2 million for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>GAAP Gross Margin was 72.8% for the first quarter of 2026, compared to 74.3% for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Non-GAAP Gross Margin was 73.4% for the first quarter of 2026, compared to 75.0% for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Operating Income and Margin</h4><ul><li>GAAP Operating Income was $12.7 million for the first quarter of 2026, compared to $3.3 million for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>GAAP Operating Margin was 10.9% for the first quarter of 2026, compared to 3.5% for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Non-GAAP Operating Margin was 17.5% for the first quarter of 2026, compared to 14.4% for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Operating Expenses</h4><ul><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Total operating expenses were $72.642 million for the first quarter of 2026, compared to $65.878 million for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Cash Flow and Cash Position</h4><ul><li>Cash and Cash Equivalents were $444.1 million as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>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).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Dollar-based Gross Retention Rate was 89% on both a reported and FX-adjusted basis.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li><li>Dollar-based Net Retention Rate was 111% on a reported basis and 110% when adjusted for FX.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></li></ul><h4>Financial Outlook</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span> 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></p><p><strong>Second Quarter 2026 Expectations:</strong> 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).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span> Non-GAAP Operating Income is expected to be $18.7 million to $19.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></p><p><strong>Full Year 2026 Expectations:</strong> 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).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span> 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).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span> Non-GAAP Operating Income is expected to be $91.5 million to $94.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1777921/000117184326003157/exh_991.htm"></span></p>

AvePoint | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 117.24 M