AvePoint has reported earnings of US$15.3 million ($19.4 million) for its 1QFY2026, more than four times the US$3.6 million recorded a year earlier. The data management and governance tools provider benefited from higher software-as-a-service (SaaS) revenue and wider operating margins.
For the three months ended March 31, total revenue rose 26% y-o-y to US$117.2 million. SaaS revenue, its largest business line, increased 35% y-o-y to US$93.4 million, helped by demand for data protection, security and governance software.
Operating income rose to US$12.7 million from US$3.3 million a year earlier. AvePoint’s GAAP operating margin improved to 10.9%, from 3.5% in 1QFY2025.
Listed on Nasdaq and the Singapore Exchange, AvePoint sells software that helps companies secure, govern and recover data across cloud systems including Microsoft, Google, Salesforce and other cloud environments. The company is positioning that business as part of the enterprise AI spending cycle, where organisations must first control fragmented and overexposed data before deploying AI tools more widely.
Annual recurring revenue reached US$435.2 million as at March 31, up 26% y-o-y. The company’s dollar-based net retention rate was 111%, while gross retention stood at 89%.
AvePoint had more than 28,500 customers and 863 customers with over US$100,000 in ARR, according to its investor presentation. North America accounted for 42% of ARR, while EMEA made up 36% and Asia Pacific 22%, giving the company a diversified revenue base.
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The company raised its full-year ARR guidance to between US$523.4 million and US$529.4 million, implying growth of 26% at the midpoint. It expects full-year revenue of US$509.4 million to US$515.4 million, or growth of 22% at the midpoint. AvePoint also expects full-year non-GAAP operating income of US$91.5 million to US$94.5 million
However, AvePoint says foreign-exchange fluctuations are expected to weigh on its metrics, more than offsetting the ARR raise and first-quarter outperformance for revenue and non-GAAP operating income. On a constant-currency basis, full-year revenue growth is expected to be 20% at the midpoint.
For 2QFY2026, AvePoint expects revenue of US$120.3 million to US$122.3 million, representing y-o-y growth of 19% at the midpoint. Non-GAAP operating income is expected to come in between US$18.7 million and US$19.7 million.
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AvePoint ended the quarter with cash and cash equivalents of US$444.1 million, down from US$481.1 million as at Dec. 31. The company spent US$59.8 million buying back common stock during the quarter and has renewed its share repurchase programme for another three years, allowing it to buy back up to US$150 million of common stock.
As at 9.16 am, shares in AvePoint are trading on SGX 23 cents lower, or 1.76% down, at $12.85.
