AvePoint Raises Annual Recurring Revenue Guidance
AvePoint, a software company, reported a 27% increase in annual recurring revenue to USD $465.1 million in Q2 2026, raising its full-year guidance. Total revenue reached USD $124.5 million, with SaaS revenue up 27% year-over-year. The company's GAAP operating income increased to USD $10.2 million, with cash and cash equivalents totaling USD $417.3 million.
Key points
- AvePoint reported total revenue of USD $124.5 million in Q2 2026, up 22% year-over-year.
- SaaS revenue reached USD $98.5 million, a 27% increase from the same period last year.
- Annual recurring revenue was USD $465.1 million at the end of Q2 2026, a 27% increase.
- GAAP operating income increased to USD $10.2 million, with a GAAP operating margin of 8.2%.
- Cash and cash equivalents totaled USD $417.3 million at the end of June.
AvePoint, a software company, reported its second-quarter 2026 results, showing a significant increase in revenue and annual recurring revenue guidance. The company's total revenue reached USD $124.5 million, with SaaS revenue up 27% year-over-year. AvePoint's annual recurring revenue guidance was raised to USD $465.1 million, a 27% increase from the same period last year.
The company's GAAP operating income increased to USD $10.2 million, with a GAAP operating margin of 8.2%. Cash and cash equivalents totaled USD $417.3 million at the end of June. AvePoint's retention metrics remained above the level needed to support expansion, with dollar-based gross retention at 89% and dollar-based net retention at 111%.
The company's CEO, Dr Tianyi Jiang, attributed the strong results to the company's focus on delivering value to its customers. AvePoint's results are a positive sign for the software industry, which has been growing rapidly in recent years. The company's strong financial performance and increased revenue guidance are likely to be welcomed by investors and analysts.
Sources
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