AvePoint, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $117.2 million for the three months ended March 31, 2026, marking a 26% increase from $93.1 million in the same period last year. The company's Software as a Service (SaaS) revenue was a key driver, increasing by 35% to $93.4 million, which now constitutes 80% of total revenue, up from 74% a year earlier. The growth in revenue was complemented by a notable rise in net income, which surged to $15.3 million, compared to $3.6 million in the prior year, resulting in a basic net income per share of $0.07, up from $0.02.
In terms of operational metrics, AvePoint's Annual Recurring Revenue (ARR) also saw a substantial increase of 26% year-over-year, reaching $435.2 million as of March 31, 2026. The company reported a total customer count that reflects both new acquisitions and expansions within existing accounts. Geographically, revenue growth was observed across all regions, with North America generating $44.2 million (up 21.2%), EMEA at $38.4 million (up 30.4%), and APAC at $34.6 million (up 27.7%).
The company has also made strategic advancements, including the launch of the AgentPulse Command Center, aimed at enhancing governance and cost control for AI agents across cloud environments. This product is part of AvePoint's broader strategy to address the challenges posed by data management in the context of increasing AI integration in business processes. Additionally, AvePoint continues to focus on its share repurchase program, having repurchased approximately 5.4 million shares at an average price of $11.29 during the quarter.
Despite the positive financial performance, AvePoint's total assets decreased to $734.2 million from $789.2 million at the end of the previous fiscal year, primarily due to a reduction in cash and cash equivalents. The company reported cash and cash equivalents of $444.1 million as of March 31, 2026, down from $481.1 million at the end of 2025. The decrease in cash was attributed to significant stock repurchases and changes in working capital. Looking ahead, AvePoint remains optimistic about its growth trajectory, supported by its strong SaaS offerings and ongoing investments in product development and market expansion.
About AvePoint, Inc.
AvePoint, Inc. provides a cloud-native data management platform that integrates data security, governance, and business continuity for organizations across industries and regions. Its AvePoint Confidence Platform offers modular SaaS solutions to manage, protect, and optimize data across multiple cloud services like Microsoft, Salesforce, and Google. Serving enterprises, mid-market, and small businesses primarily through direct sales and a global partner ecosystem, AvePoint emphasizes automation, compliance, and AI readiness to enhance data-driven operations.
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