AvePoint's second quarter revenue of $124.5M beat estimates as SaaS growth hit 27%

AvePoint reported strong financial results for the second quarter 2026, characterized by record net new annual recurring revenue (ARR) and a significant beat on topline estimates. Total revenue rose 22% year-over-year, driven by resilient demand for AI governance and data protection within the Microsoft ecosystem.

Key Highlights

• Total Annual Recurring Revenue (ARR) reached $465.1 million, representing 27% year-over-year growth or 24% on an FX-adjusted basis.
• SaaS revenue grew 27% to $98.5 million, now accounting for 79% of total company revenue.
• The company reported GAAP diluted EPS of $0.12, which includes a $19.9 million one-time income tax benefit related to the release of a valuation allowance.
• Management raised full-year 2026 ARR guidance to a midpoint of $525.1 million, despite noting foreign exchange headwinds that partially offset operational outperformance.