AvePoint Reports Q3 2026 Results with 19% Revenue Growth and Record Net New ARR
AvePoint (AVPT) delivered a strong third quarter for fiscal year 2026, reporting total revenue of $131.1 million, a 19% increase year-over-year. The company's SaaS revenue grew by 26%, now accounting for 80% of its total revenue mix. A key highlight was the achievement of management's long-term gross retention target, with an FX-adjusted rate of 90%, alongside a significant acceleration in Annual Recurring Revenue (ARR) to $495.1 million. Growth was heavily driven by large customer cohorts and channel partners, with 72% of incremental ARR originating from the channel. While the company is investing heavily in AI Trust capabilities—which has temporarily pressured non-GAAP operating margins compared to the prior year—management provided optimistic full-year guidance. The company also strengthened its liquidity position by establishing a new $100 million revolving credit facility with JPMorgan.
Topics: Annual Recurring Revenue (ARR) Net Retention Rate Operating Cash Flow Revenue Growth SaaS Revenue