AvePoint posted a net profit of US$15.25 million for the quarter ended 31 March 2026, up more than four-fold from US$3.57 million a year earlier, as double-digit expansion in its software-as-a-service (SaaS) business lifted the top line and widened operating margins.

Diluted earnings per share rose to US$0.07 from US$0.02 YoY. As the company did not declare any dividend, no payout dates were provided.

Total revenue climbed 26 per cent year-on-year to US$117.2 million. Within this, SaaS revenue surged 35 per cent to US$93.4 million, accounting for almost four-fifths of group turnover. Term licence and support revenue dropped 29 per cent to US$9.3 million, while services revenue advanced 33 per cent to US$14.5 million. Gross profit increased to US$85.4 million, although the gross margin eased to 72.8 per cent from 74.3 per cent on higher services mix. GAAP operating income more than tripled to US$12.7 million, giving a margin of 10.9 per cent.

The company attributed the earnings improvement to sustained demand for secure, automated and AI-ready data-protection tools, which drove a 26 per cent rise in annual recurring revenue (ARR) to US$435.2 million. ARR growth was 23 per cent on a constant-currency basis. Management flagged a dollar-based gross retention rate of 89 per cent and a net retention rate of 111 per cent, underscoring steady customer expansion despite a moderation in licence sales.

Weaker term-licence demand and a 1.5-percentage-point contraction in gross margin represented the main operational headwinds during the quarter. Foreign-exchange movements also trimmed reported revenue growth by roughly six percentage points.

During the period, AvePoint rolled out its AgentPulse Command Center for unified monitoring and governance of AI agents across Microsoft 365 and Google Cloud, and upgraded its Confidence Platform with agentic AI governance and multicloud recovery features. The board renewed a share-repurchase mandate of up to US$150 million for another three years.

Chief executive and co-founder Dr Tianyi Jiang said the company’s integrated approach to data protection and security had enabled it to beat both revenue and profit guidance, achieving a 700-basis-point expansion in GAAP operating margin. He noted that real-time visibility and automated governance are helping customers manage AI-related risks, which he expects will sustain demand for the group’s offerings.

For the three months to 30 June 2026, AvePoint guides for revenue of US$120.3 million to US$122.3 million and non-GAAP operating income of up to US$19.7 million. Full-year ARR is projected at US$523.4 million to US$529.4 million, implying 26 per cent YoY growth on a constant-currency basis, while revenue is forecast at US$509.4 million to US$515.4 million. Non-GAAP operating income is targeted between US$91.5 million and US$94.5 million.

The company will discuss the results and outlook in a conference call scheduled for 4.30 p.m. ET on 7 May.