Avepoint - Class A Stock Earnings Reports

AvePoint delivered a strong Q1 2026 with total revenue of $117.2M (26% YoY) and ARR of $435.2M (26% YoY). SaaS strength continued—SaaS revenue was $93.4M (35% YoY) and made up 80% of revenue—driving recurring revenue of 88%. Net new ARR was $18.4M (12th straight quarter of double-digit organic net new ARR growth). Regional ARR growth: North America +21%, EMEA +32%, APAC +27%. Gross retention was 89% and net retention ~110–111%. Non-GAAP operating income expanded to $20.5M (17.5% margin); GAAP operating margin expanded ~730 bps YoY. Cash and equivalents were $444M; operating cash flow $24.3M and free cash flow $23M. The company repurchased ~5.4M shares for $60.8M in Q1 and the board refreshed the repurchase authorization to $150M. Management raised full-year ARR guidance modestly to $523.4M–$529.4M (26% growth at midpoint) while keeping revenue guidance largely unchanged due to a stronger SaaS mix and FX headwinds; FY revenue guidance $509.4M–$515.4M and non-GAAP operating income $91.5M–$94.5M. Strategic emphasis: positioning AvePoint as the "trust layer" for enterprise AI—see/govern/recover—leveraging multi-cloud data protection, agent governance (Agent Plus/AgentPulse), resilience (OPUS), and expanding protection of multi-SaaS sources (Okta, Atlassian, GitHub, etc.). Management sees large land-and-expand opportunity across ~30,000 customers, regulated industries, and channel-led growth; expects continued investments in sales & marketing and selective M&A while maintaining strong cash generation and flexible capital allocation.